BCHT Birchtech Corp.

$BCHT a 5% buyback program is considered material. A 10% buyback is considered huge. This is a 15% buyback relative to the market cap. 

$BCHT Also worth noting during Gabelli presentation MacPherson said "3 years ago the company decided the air business would plateau at $30 Million annually" as reason why they decided to pursue water business. That was a bit surprising to me as I thought I had recalled MacPherson previously suggesting they could reach $40 Million annually in air business several times in the past. I did a sanity check using AI (Claude) and, sure enough, see response below: <<Yes. In Birchtech's fiscal 2025 revenue guidance press release (March 4, 2025), the company stated that the air business run rate was expected to surpass $40 million in 2026, with the release quoting Richard (Rick) MacPherson, Birchtech's CEO, on the momentum driving that outlook: "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.>> Sigh. Sloppy. To be trusted?

$BCHT Decent presentation by Rick M. at Gabelli PFAS Symposium. Not much really new but affirmation that deal for facility/company to be closed in October...he said lawyers assured him. Reiterated full go expected on reclamation operation in January. He said 1500 ton capacity (I assume that means per month?) with $1.5 per pound in revenue anticipated. (that would mean $54M in annual revenue contribution beginning 2027). More details once deal closed. Some more color provided on process and strategy, including expectation that they can get spent carbon loss down to single digits (from more standard 15-20% loss) as part of their reclamation process. Overall 50% cost advantage for customers vs. virgin GAC. He did say 4-6 months on lawsuit news (the first major suit...the case against Ameren he is still saying in next few weeks for court date). FWIW.

$BCHT Anyone else watch/listen to HC Wainwright presentation by Rick today? My quick notes on anything revealing that might be new: Rick took time to talk about Ameren (remaining suit other than one in appeal). Said trial date expected to be set within next 2 weeks. Still trying to push settlement. On agreement in principle with private firm to jump start reactivation business: expects to close in the next "3 to 4 weeks" and ready to go with production by end of year. Additionally, another 3 targets for "build from scratch" with one complete by end of 2027, another end of 2028 and another by end of 2029. (the actual numbers and time frame was a bit confusing because Rick went back and forth in terms of using total number vs. new...aka not including acquisition). He emphasize (justified?) delay saying that they wanted to be certain their process, etc. was all ready before going into new build...to prove to investment community and clients that they are fully read.

$BCHT New 13G filer is pretty interesting. Mainly invests in penny stocks but has held some winners in the past. Also has a position in LQID so industrial water treatment is of an interest.

$BCHT hired Charlie Cooper as Business Development Manager to boost its rural water systems focus.