BCHT

EX-99.1

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PRESS RELEASE

meec_ex991.htm

EXHIBIT 99.1

Birchtech Provides Fiscal 2025 Revenue Guidance

Management Expects Revenues of at Least $23 Million in 2025, Excluding Potential Cash

Received from IP Defense as well as Water Treatment Revenues

Air Business Run Rate Expected to Surpass $40 Million in 2026

CORSICANA, Texas – March 4, 2025 – Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) ("Birchtech" or the "Company"), a leader in specialty activated carbon technologies for sustainable air and water treatment, today provided preliminary revenue guidance for the fiscal year ending December 31, 2025.

For the fiscal year ending December 31, 2025, Birchtech expects revenues of at least $23 million, excluding any potential cash from legal claims in defense of the Company’s intellectual property, as well as potential revenues from the Company’s emerging water treatment business. This represents growth of at least 31%, as compared to fiscal 2024 preliminary unaudited revenues of at least $17.5 million.

“This preliminary estimate is based on the accelerating pace of revenue for our core air business line driven by our mercury emissions capture technologies,” said Richard MacPherson, CEO of Birchtech Corp. “Our market share across the coal-fired utility sector continues to increase at an impressive rate due to our patent defense and business first approach. We believe this air business will conservatively generate at least $23 million in revenue in 2025, excluding cash received from legal claims in defense of our intellectual property, or potential revenues from our highly prospective water treatment business.

“We are now experiencing strong momentum from our current air customers under contract, with multiple opportunities to scale. We are also leveraging our settlements to create new long-term customers and expect to see additional license agreements from discussions with current defendants that are now underway. Supported by these tailwinds, our air business alone is expected to achieve a run-rate of at least $40 million by the end of 2026.

“Taken together, we are on a robust growth trajectory with our air business, further supported by significant incremental potential from the water business in 2025 and beyond. We look forward to delivering upon these milestones in the quarters to come as we seek to drive sustainable, long-term value for my fellow shareholders,” concluded MacPherson.

About Birchtech Corp.

Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) is a leader in specialty activated carbon technologies, delivering innovative solutions for air and water purification to support a cleaner, more sustainable future. The Company provides patented SEA® sorbent technologies for mercury emissions capture for the coal-fired utility sector and is developing disruptive water purification technologies with a specialization on forever chemicals such as PFAS and PFOS. Backed by a strong intellectual property portfolio and a world-class team of activated carbon experts, Birchtech provides cleaner air to North American communities and is applying this expertise to a novel approach in water purification. To learn more, please visit www.birchtech.com.

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Safe Harbor Statement

With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are generally identified by using words such as "anticipate," "believe," "plan," "expect," "intend," "will," and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements in this release include statements relating to expected developments and growth in Birchtech’s business, as well as any revenue guidance provided.  These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. In addition, this release contains time-sensitive information that reflects management’s best analysis only as of the date of this release. Birchtech does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance or other forward-looking statements contained in this release can be found in Birchtech’s periodic filings with the Securities and Exchange Commission or Canadian securities regulators.

Final recognized revenue for 2024 is subject to change upon finali

meec_8k.htm 0000728385false00007283852024-02-272024-02-27iso4217:USDxbrli:sharesiso4217:USDxbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) February 27, 2024

MIDWEST ENERGY EMISSIONS CORP.

(Exact name of registrant as specified in its charter)

Commission file number 000-33067

Delaware

87-0398271

(State or other jurisdiction of incorporation)

(I.R.S. Employer Identification No.)

1810 Jester Drive

Corsicana, Texas

75109

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code:  (614) 505-6115

None

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:  None.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On February 27, 2024, Midwest Energy Emissions Corp. (the “Company”), along with its wholly-owned subsidiary, MES, Inc. (“MES”), entered into an Unsecured Debt Restructuring Agreement (the “Debt Restructuring Agreement”) with AC Midwest Energy LLC (“AC Midwest”) which replaces and supersedes the Unsecured Note Financing Agreement and Reaffirmation of Guaranty entered into with AC Midwest on February 25, 2019, as amended on October 28, 2022 (the “Unsecured Note Financing Agreement”).

Pursuant to the Unsecured Note Financing Agreement, prior to February 27, 2024, AC Midwest was the holder of an unsecured note with a principal amount outstanding of $13,154,930.61 which was issued on February 25, 2019 (the “Unsecured Note”).  The Unsecured Note was scheduled to mature on August 25, 2025 and bears a zero cash interest rate.  Pursuant to the Unsecured Note Financing Agreement, AC Midwest was also entitled to a “non-recourse” profit participation preference equal to $17,654,930.60 (the “Profit Share”). Prior to maturity, the outstanding principal, as well as the Profit Share, were to be paid from Net Litigation Proceeds from claims relating to the Company’s intellectual property, Net Revenue Share, Adjusted Free Cash Flow and Equity Offering Net Proceeds (as such terms are defined in the Unsecured Note Financing Agreement).  Any remaining principal balance due on the Unsecured Note would be due and payable in full on the maturity date.  The Profit Share, however, if not paid in full on or before the maturity date would remain subject to the Unsecured Note Financing Agreement until full and final payment.

Prior to February 27, 2024, there also remained outstanding to AC Midwest a principal balance of $271,686.10 due under a secured noted of the Company issued on November 29, 2016 in the original principal amount of $9,646,686, which had a maturity date of August 25, 2025 (the “Secured Note”).  The Secured Note had been issued pursuant to an Amended and Restated Financing Agreement and Reaffirmation of Guaranty, dated as of November 1, 2016, as amended on June 14, 2018, September 12, 2019, February 25, 2019 and October 28, 2022 (the “Restated Financing Agreement”).

Pursuant to the Debt Restructuring Agreement, on February 27, 2024, the Company (i) paid AC Midwest $9,040,000 as a reduction in the outstanding principal balance of the Unsecured Note, (ii) issued to AC Midwest a new unsecured replacement note in the principal amount of $4,114,930.60 (the “New Note”), and (iii) paid AC Midwest $275,625.55 representing the remaining principal balance under the Secured Note of $271,686.10 plus interest of $3,939.45.  Within 30 days, the Company shall either facilitate the private sale to third parties of certain shares of common stock of the Company held by AC Midwest for a purchase price of no less than $960,000, which amount shall be applied as a credit against the principal balance due on the New Note dollar for dollar, or pay AC Midwest $960,

EX-99.1

2 meec_ex991.htm

PRESS RELEASE

meec_ex991.htm

EXHIBIT 99.1

ME2C Environmental Reports Fourth Quarter and Full Year 2022 Results, Achieves 66% Revenue Growth YoY

Significant Revenue Increase Promotes the Company’s Expansion into New Markets & Technologies

Corsicana, TX, April 17, 2023 -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C Environmental " or the "Company"), a leading environmental technologies firm, announced today its unaudited financial results for the fourth quarter and full year 2022.

Q4 and 2022 Year-End Financial Summary

·

Q4 Revenue for 2022 increased to $5.7M from $2.7M for Q4 2021, an increase of approximately $3M or 110%

·

FY22 Revenue increased to $21.6M from $13M, an increase of approximately $8.6M or 66% for the full year

·

Cash of $1.5M on hand and working capital of approximately $2.3M as of December 31, 2022

Management Commentary

“Our achievements during 2022 were the culmination of numerous strategic efforts that have brought forth positive advancement in several areas, including our financial position” began Richard MacPherson, Chief Executive Officer of ME2C Environmental. “Due mainly to increased product sales, 2022 represents the second year of significant revenue improvements – this last year reaching 66% year-over-year growth and exceeding the near 60% revenue increase that was achieved in 2021.  As we have previously stated, we expect this rate of 50-60%+ annual growth to continue based on the strength of our core business in a stable industry, with increased energy demands from coal power and more stringent federal regulations for emissions controls, along with the execution of other growth initiatives that are currently in place.

Continued MacPherson, “If 2022 was a transitional year in our growth, 2023 will be a year of expansion as we focus on outreach with increasing our investor community across North America and abroad, moving our environmental technologies into new, large markets that support critical energy and infrastructure concerns, and introducing our patented, highly effective technologies for mercury emissions reduction to developing coal markets in other countries.

“Our trajectory onto a major stock exchange, tangible value from our patent protection, and additional business partners for our core technology, are expected to be catalysts for near-term expansion moving further into 2023, and we are excited for the potential value that these efforts will provide to our long-term shareholders,” concluded MacPherson.

The Company expects to file the Form 10-K on or before April 24, 2023.  Accordingly, the information contained in this press release is preliminary and unaudited, subect to change upon finalization of the year-end audit.

Conference Call/Webcast Information

The ME2C management team will host an investor conference call and live webcast on April 17, 2023, at 4:30 PM Eastern Time. To participate, please use the following information. If joining by phone, reference the company name and conference title to the Operator:

Date: Monday, April 17, 2023

Time: 4:30 PM ET

Dial-in: 1-877-407-0789

International Dial-in: 1-201-689-8562

Call me™: https://callme.viavid.com/viavid/?callme=true&passcode=13728338&h=true&info=company-email&r=true&B=6

·

Participants can use Guest dial-in #s above and be answered by an operator OR click the Call me™ link for instant telephone access to the event.

·

Call me™ link will be made active 15 minutes prior to scheduled start time.

Webcast:  https://viavid.webcasts.com/starthere.jsp?ei=1608136&tp_key=b0894c8f8e

Please dial in at least 10 minutes before the start of the call to ensure timely participation.

A playback of the call will be available through May 17, 2023. To listen, call 1-844-512-2921 within the United States or 1-412-317-6671 when calling internationally and enter replay pin number 13737795. The replay can also be viewed through the webinar webcast link above.

About ME2C® Environmental

ME2C Environmental is a leading environmental technologies company developing and delivering patented and proprietary solutions to the global power industry. ME2C’s leading-edge mercury emissions technologies and services have been shown to achieve emissions removal at a significantly lower cost and with less operational impact than currently used methods, while maintaining and/or increasing power plant output and preserving the marketability of byproducts for beneficial use. ME2C Environmental is a trade name of Midwest Energy Emissions Corp. For more information, please visit http://www.me2cenvironmental.com/.

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Safe Harbor Statement

With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by using words such as "anticipate," "believe," "plan," "expect,