Birchtech Announces $5.0 Million Share Repurchase Program
March 19 2025 - 8:31AM
Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) ("Birchtech" or the
"Company"), a leader in specialty activated carbon technologies for
sustainable air and water treatment, today announced its Board of
Directors has authorized a share repurchase program, under which
the Company may purchase up to $5.0 million of shares of its common
stock.
“This initial share repurchase authorization
reflects the confidence in our strategy and the long-term potential
we see in Birchtech common stock,” said Richard MacPherson, CEO of
Birchtech Corp. “The program reflects the strong cash flow
generation expected from IP wins and licensing agreements in the
months to come, and our firm belief in our prospects for
shareholder value creation over the long-term. Our significant
progress allows us to now preemptively put in place a mechanism to
begin returning capital to shareholders as we deem prudent, while
maintaining a robust capital structure and flexibility to execute
on our strategic initiatives – such as the impending launch of our
water business.”
The share repurchase program authorizes the
repurchase of up to $5.0 million of the Company’s outstanding
common stock. Purchases under the share repurchase program may be
made from time to time, in such amounts as management deems
appropriate, through a variety of methods, which may include open
market purchases, privately negotiated transactions, block trades,
accelerated share repurchase transactions, purchases through 10b5-1
trading plans, or by any combination of such methods. The timing
and amount of any repurchases pursuant to the share repurchase
program will be determined based upon a variety of factors,
including general market conditions, share price, corporate and
regulatory requirements and limitations, corporate liquidity
requirements and priorities, and other factors. The Company
anticipates that any repurchases will not occur before the second
half of 2025. The share repurchase program does not have an
expiration date, does not require the Company to repurchase any
specific number of shares of its common stock, if any, and may be
modified, suspended or terminated at any time without notice.
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.
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. 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.
Investor Relations Contact:Lucas A.
ZimmermanManaging DirectorMZ Group - MZ North America(949)
259-4987BCHT@mzgroup.us www.mzgroup.us
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