PureCycle operational update: feed rate hits 12,500 lbs/hr, onstream 67%, raises $33M in stock sale

PureCycle Technologies, Inc.

Max feed rate at Ironton reached 12,500 lbs/hr in Feb 2025; onstream time hit 67% in Dec 2024.
First major sale to Drake Extrusion for continuous filament yarn; trials for staple fiber underway.
Partnerships with P&G for Old Spice, Febreze, Tide, Cascade, Metamucil; first production expected Q2/Q3 2025.
Churchill Container launched "Run It Back" cups using up to 100% PureFive resin; over 10 teams interested.
Raised ~$33M via sale of 4.1M shares to Pleiad, Sylebra, Samlyn on Feb 6, 2025.

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