DMC Global enters new sublease for Dunbar, PA site through 2054

DMC Global Inc.

Sublease with Pureon Inc. for ~45 acres and underground mine chambers; renewable through May 6, 2054.
Annual rent starts at $335,000, subject to CPI escalation each year.
Replaces prior sublease that was set to expire in 2029.
Subtenant retains rights for explosion bonding clad metals and toll manufacturing services.
No financial impact or guidance change noted in the filing.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

DMC Global Inc. entered into Sublease with Pureon Inc. valued at Renewal through May 6, 2054 (effective 2024-05-07).

Action: entry
Agreement: lease
Counterparty: Pureon Inc.
Value: Renewal through May 6, 2054
Effective: 2024-05-07

Exact text from the filing

On May 7, 2024, DMC Global Inc. (the “Company”) entered into a sublease (the “Sublease”) with Pureon Inc., formerly known as Mypodiamond, Inc., for the Company’s primary domestic clad metal shooting site, located in Dunbar, Pennsylvania.

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Source: SEC EDGAR

accession 0000034067-24-000079

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