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Welsbach Technology Metals Acquisition Corp  (NASDAQ: WTMAU)
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Price: $11.2900 $0.10 0.894%
Day's High: $11.29 Week Perf: 6.91 %
Day's Low: $ 11.29 30 Day Perf:
Volume (M): 0 52 Wk High: $ 14.50
Volume (M$): $ 1 52 Wk Avg: $11.71
Open: $11.29 52 Wk Low: $10.00



 Market Capitalization (Millions $) 44
 Shares Outstanding (Millions) 4
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Welsbach Technology Metals Acquisition Corp
Welsbach Technology Metals Acquisition Corp is a special purpose acquisition company (SPAC) focused on acquiring companies in the technology metals sector. The company aims to identify and acquire businesses that are involved in the exploration, extraction, production, and recycling of rare earth metals and other strategic materials. Welsbach Technology Metals Acquisition Corp intends to provide capital and support to its portfolio companies to accelerate their growth and enhance their operations. Through its acquisitions, the company aims to position itself as a leader in the technology metals industry.


   Company Address: 160 S Craig Place Lombard 60148 IL
   Company Phone Number: 615-1216   Stock Exchange / Ticker: NASDAQ WTMAU


   

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Announcement

Welsbach Technology Metals Acquisition Corp. Announces Extension Proposal and Non-Redemption Agreement

Published Thu, Jun 20 2024 12:05 PM UTC

Welsbach Technology Metals Acquisition Corp. Announces Extension Proposal and Non-Redemption Agreement with Evolution Metals LLC Chicago, IL, June 20, 2024 - In a significant move that underscores its strategic focus on the critical metals market, Welsbach Technology Metals Acquisition Corp. (WTMA) has announced plans for an extension proposal and a non-redemption agreeme...

Welsbach Technology Metals Acquisition Corp

Welsbach Technology Metals Acquisition Corp Boosts Earnings with $0.09 Million Tax Benefit, Anticipates Revenue Surge in Second Quarter 2023



Welsbach Technology Metals Acquisition Corp, a lesser-known player in the Industrial Machinery and Components sector, has recently released its financial results for the second quarter of 2023. While the company has witnessed a decline in operating deficit compared to the previous year, market observers are eagerly awaiting its revenue sources. This article will delve deeper into the financial performance of Welsbach Technology Metals Acquisition Corp and discuss the potential implications for the company going forward.
Financial Performance:
During the second quarter of 2023, Welsbach Technology Metals Acquisition Corp reported an operating deficit of $-0.380636 million. This figure indicates a contraction from the operating deficit of $-0.313 million recorded during the same period in 2022. Although the decrease in operating deficit is a positive sign, market observers are primarily interested in when the company will report its top-line revenues, marking a significant milestone for its financial growth.

Welsbach Technology Metals Acquisition Corp

Welsbach Technology Metals Acquisition Corp Faces Operating Challenges in First Quarter of 2023 Earnings Season

Welsbach Technology Metals Acquisition Corp (WTMAU) is a relatively new corporation in the Industrial Machinery and Components sector. Like many other entities in this sector, WTMAU released its earnings report for the first quarter of 2023. And unfortunately, the report showed that the corporation suffered an operating shortfall of $-0.908322 million in this period.
While the top-line figures have not been declared yet, it is worth noting that this operating shortfall is larger than what the corporation reported in the first quarter of 2022. Back then, WTMAU had an operating shortfall of $-0.577059 million. Despite the disappointing top-line figures, there is some good news buried within the report.










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