Arq delays GAC facility commercial production to Q2/Q3 2025

Arq, Inc.

Mechanical completion of GAC facility at Red River Plant achieved Jan 2025.
First commercial production now expected by end of Q2 or early Q3 2025 (previously Q1 2025).
Small non-commercial volumes produced but not yet consistent for commercial scale.
No material increase in remaining GAC facility capex expected due to delay.
Reiterates 3-6 month ramp-up to 25M lb annual nameplate capacity after first commercial production.

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