Company News

June 15, 2020

Stockmeier Track News

Two Records Set on Stobitan® SC Running Track at the
“Impossible Games” at Bislett Stadium

CLARKSBURG, WV – June 15, 2020 – STOCKMEIER Urethanes is
excited to announce that two records were set on a World Athletics
certified Stobitan® SC running track surface at the “Impossible
Games” at Bislett Stadium in Oslo, Norway.

Due to the coronavirus, the “Oslo Diamond League” meet was
canceled and replaced with the “Impossible Games” where 50
athletes competed in 13 events.

Nineteen-year-old, Jakob Ingebrigtsen, set a European and
Norwegian record in the 2000-meter event at a time of 4.50.04. This
time, at merely 5.5 seconds, almost beat the world record. Karsten
Warholm, 24, beat the world record in the 300-meter hurdles with a
time of 33.79 seconds on what he thought might have been a broken
toe from warm-ups. STOCKMEIER Urethanes and its staff would like
to congratulate these two gentlemen on their wonderful victories.

Christian Martinkat, Chairman of the Executive Committee of
STOCKMEIER Urethanes Group and CEO of STOCKMEIER
Urethanes USA, Inc. states: “It is exciting to see a conventionally built

structural spray system, such as STOBITAN® SC, to be a track
surface for record breaking performances. We are proud to offer
quality products used for these world class track events.”

STOBITAN ® running tracks and artificial turfs have been installed
worldwide since 1991 and are available in a variety of systems. They
offer secure running grip, optimum fall protection and elasticity that
promotes high performance. All the systems within the Stobitan ® line
are a combination of our highly trusted Stobielast ® S product line.
As a specialist within the STOCKMEIER Group, STOCKMEIER
Urethanes GmbH & Co. was founded in 1991 in Germany as a
polyurethane systems house focused on the development, production
and marketing of coatings, adhesives, sealants and elastomers for a
wide variety of sports and industrial markets. Operating worldwide
with ISO 9001 certified production facilities and laboratories in
Germany, France, the United Kingdom, and the United States,
Stockmeier Urethanes provides customers with consistent global
delivery of high-quality polyurethane products and services.

June 15, 2020

Stockmeier Track News

Two Records Set on Stobitan® SC Running Track at the
“Impossible Games” at Bislett Stadium

CLARKSBURG, WV – June 15, 2020 – STOCKMEIER Urethanes is
excited to announce that two records were set on a World Athletics
certified Stobitan® SC running track surface at the “Impossible
Games” at Bislett Stadium in Oslo, Norway.

Due to the coronavirus, the “Oslo Diamond League” meet was
canceled and replaced with the “Impossible Games” where 50
athletes competed in 13 events.

Nineteen-year-old, Jakob Ingebrigtsen, set a European and
Norwegian record in the 2000-meter event at a time of 4.50.04. This
time, at merely 5.5 seconds, almost beat the world record. Karsten
Warholm, 24, beat the world record in the 300-meter hurdles with a
time of 33.79 seconds on what he thought might have been a broken
toe from warm-ups. STOCKMEIER Urethanes and its staff would like
to congratulate these two gentlemen on their wonderful victories.

Christian Martinkat, Chairman of the Executive Committee of
STOCKMEIER Urethanes Group and CEO of STOCKMEIER
Urethanes USA, Inc. states: “It is exciting to see a conventionally built

structural spray system, such as STOBITAN® SC, to be a track
surface for record breaking performances. We are proud to offer
quality products used for these world class track events.”

STOBITAN ® running tracks and artificial turfs have been installed
worldwide since 1991 and are available in a variety of systems. They
offer secure running grip, optimum fall protection and elasticity that
promotes high performance. All the systems within the Stobitan ® line
are a combination of our highly trusted Stobielast ® S product line.
As a specialist within the STOCKMEIER Group, STOCKMEIER
Urethanes GmbH & Co. was founded in 1991 in Germany as a
polyurethane systems house focused on the development, production
and marketing of coatings, adhesives, sealants and elastomers for a
wide variety of sports and industrial markets. Operating worldwide
with ISO 9001 certified production facilities and laboratories in
Germany, France, the United Kingdom, and the United States,
Stockmeier Urethanes provides customers with consistent global
delivery of high-quality polyurethane products and services.

June 15, 2020

U.S. Rare Earths Plant

U.S. Strengthens Its Rare Earth Supply Chain With New Processing Plant

USA Rare Earth, the funding and development partner of the Round Top heavy rare earth project and Texas Mineral Resources announced Thursday that its rare earths pilot plant processing facility in Wheat Ridge, Colorado has received the required permits and officially opened.

Once fully commissioned, the plant will be focused on group separation of rare earths into heavy (dysprosium, terbium), middle, and light (neodymium, praseodymium) rare earths (REE’s) and will be the first facility to separate the full range of rare earth elements in the US since 1999.

USA Rare Earth’s pilot plant is the second link in a 100% US-based rare earth oxide supply chain, drawing on feedstock from its Round Top deposit.

The final phase of the pilot work will be the further separation of high-purity individual REE compounds. The pilot plant will also be focused on the recovery of non-REEs focusing on lithium, uranium, beryllium, gallium, zirconium, hafnium, and aluminum, all of which are on the US Government Critical Minerals List.

Confirming the recovery of these critical non-REEs will support upgrading the measured and indicated resources to proven and probable reserves (with no in-fill drilling required), and completion of the Preliminary Feasibility Study (PFS) for the Round Top project, the company said.

“Establishing an independent domestic rare earth and critical minerals supply chain is monumental for USA Rare Earth and for the United States, overcoming reliance on China for materials and processing that are essential for defense applications and advanced technology manufacturing,” said Pini Althaus, USA Rare Earth CEO.

Althaus also said the opening is another step forward for USA Rare Earth’s objective to build the first rare earth and critical minerals processing facility outside China and to bring the Round Top project into full commercial production – which they estimate to be in 30 months.

https://oilprice.com/Energy/Energy-General/US-Strengthens-Its-Rare-Earth-Supply-Chain-With-New-Processing-Plant.html?utm_source=tw&utm_medium=tw_repost

June 15, 2020

U.S. Rare Earths Plant

U.S. Strengthens Its Rare Earth Supply Chain With New Processing Plant

USA Rare Earth, the funding and development partner of the Round Top heavy rare earth project and Texas Mineral Resources announced Thursday that its rare earths pilot plant processing facility in Wheat Ridge, Colorado has received the required permits and officially opened.

Once fully commissioned, the plant will be focused on group separation of rare earths into heavy (dysprosium, terbium), middle, and light (neodymium, praseodymium) rare earths (REE’s) and will be the first facility to separate the full range of rare earth elements in the US since 1999.

USA Rare Earth’s pilot plant is the second link in a 100% US-based rare earth oxide supply chain, drawing on feedstock from its Round Top deposit.

The final phase of the pilot work will be the further separation of high-purity individual REE compounds. The pilot plant will also be focused on the recovery of non-REEs focusing on lithium, uranium, beryllium, gallium, zirconium, hafnium, and aluminum, all of which are on the US Government Critical Minerals List.

Confirming the recovery of these critical non-REEs will support upgrading the measured and indicated resources to proven and probable reserves (with no in-fill drilling required), and completion of the Preliminary Feasibility Study (PFS) for the Round Top project, the company said.

“Establishing an independent domestic rare earth and critical minerals supply chain is monumental for USA Rare Earth and for the United States, overcoming reliance on China for materials and processing that are essential for defense applications and advanced technology manufacturing,” said Pini Althaus, USA Rare Earth CEO.

Althaus also said the opening is another step forward for USA Rare Earth’s objective to build the first rare earth and critical minerals processing facility outside China and to bring the Round Top project into full commercial production – which they estimate to be in 30 months.

https://oilprice.com/Energy/Energy-General/US-Strengthens-Its-Rare-Earth-Supply-Chain-With-New-Processing-Plant.html?utm_source=tw&utm_medium=tw_repost

June 11, 2020

Apollo vs Serta Simmons

Leon Black’s Apollo to go to war over Serta Simmons debt deal, sources say

Billionaire Leon Black wants to go to the mat with America’s largest mattress maker.

Black’s Apollo Global Management — together with investment firms Angelo Gordon and Gamut Capital — is gearing up to sue Serta Simmons over its efforts to lower its $2.4 billion debt stack through a refinancing because it never agreed to the deal, The Post has learned.

Legal papers will be filed as soon as this week in New York State Supreme Court seeking injunctive relief to stop the refinancing, which comes as the privately held mattress maker struggles with sagging sales made worse by the coronavirus, sources said.

The defendants will include Serta Simmons, its private equity owner Advent International and investment firms Eaton Vance, Invesco and Credit Suisse Asset Management, the sources said.

At issue is Serta Simmon’s announcement this week that it has come to a deal with a majority of its senior and junior lenders to borrow an additional $200 million while also reducing its massive debt pile by $400 million through a refinancing.

Apollo, Angelo Gordon and Gamut — who recently bought about one-third of Serta’s $1.95 billion in senior debt at a deep discount — are expected to claim that they didn’t agree to the deal in violation of the company’s credit agreements.

Companies normally require all senior lenders to agree to any loan modifications, including a refinancing and lawyers for the angry investors plan to argue that if allowed to proceed, the refinancing will endanger the $2 trillion credit market by allowing companies to pit senior lenders against each other when angling for better loan terms or more capital.

“This could really upend the $2 trillion banking market,” a source close to the case said.

Serta Simmons didn’t immediately return a request for comment. Advent declined to comment.

https://nypost.com/2020/06/11/apollo-global-to-go-to-war-over-serta-simmons-debt-deal-sources-say/?utm_medium=SocialFlow&utm_source=NYPTwitter&utm_campaign=SocialFlow