ezbet slot
Ace's innovative modular battery recycling platform is designed to minimize battery waste and retain critical battery materials of strategic importance. Ace, with commercial operations in Asia , is focused on global expansion and plans to develop a flagship battery recycling plant in Texas for lead and lithium-ion batteries. Ace believes that it is uniquely positioned to commercially recycle both lead and lithium-ion batteries using fully electrified processes that produce zero Scope 1 emissions, zero toxic water and zero solid waste. Ace has established a robust network of supply chain partners, including a 15-year offtake agreement with Glencore, one of the world's largest global diversified natural resource companies and a leading company in the recycling industry. Ace is assigned an equity value of $250 million in the transaction, which is expected to close in the first half of 2025. HOUSTON , Dec. 4, 2024 /PRNewswire/ -- Ace Green Recycling, Inc. ("Ace" or the "Company"), a leading provider of sustainable battery recycling technology solutions, and Athena Technology Acquisition Corp. II ("ATAC II") (NYSE: ATEK ), a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement, pursuant to which a wholly-owned subsidiary of ATAC II will merge with and into Ace, with Ace becoming a wholly-owned subsidiary of ATAC II and Ace's operations becoming the operating business of the combined entity. Ace's revolutionary battery recycling technology focuses on recovering critical battery materials from both lead and lithium-ion batteries. The Company's innovative and modular technologies are fully electrified, producing zero Scope 1 emissions, zero toxic water and zero solid waste. These capabilities position Ace as a provider of hydrometallurgical recycling solutions without any smelting or thermal processes for both lead and lithium batteries. Ace currently operates commercial facilities in India (lithium-ion; since 2023) that it owns and has licensed its technology to ACME Metal in Taiwan (lead; since 2024), with advanced plans to deploy its technology by building its own plant in the United States . The Company has proven its technology's commercial credentials by enabling processing of more than three million pounds of lead and lithium batteries in India and Taiwan. The Company's LithiumFirstTM technology is capable of commercially recovering up to 75% of lithium with a purity exceeding 99% from lithium iron phosphate ("LFP") and Nickel Manganese Cobalt ("NMC") batteries. In addition to recovering Lithium, the Company's LithiumFirst TM technology also recovers NMC salts, graphite, iron phosphate and other materials such as plastics, steel, aluminum and copper by utilizing a closed-loop hydrometallurgical process that avoids pyrometallurgical operations and produces no liquid waste or Scope 1 carbon emissions. Ace's GREENLEAD® Recovery Technology is a fully electric process that produces zero Scope 1 emissions and is capable of recovering up to 99% of battery-grade lead with more than 99.98% purity. Ace's process is designed to replace legacy smelting operations, which are detrimental to the environment, as well as human health due to potential lead poisoning, and is expected to facilitate a more streamlined permitting process. Ace's expansion strategy centers on the development of battery recycling plants in the U.S., creating centralized hubs for the sustainable recovery of valuable materials from end-of-life batteries. These plants are expected: Drive domestic job creation: Generate high-quality manufacturing jobs in the U.S., stimulating local economies and strengthening America's workforce. Enhance critical battery material security: Reduce reliance on foreign sources of critical minerals such as lithium, cobalt, nickel and lead, bolstering domestic supply chains and supporting the growth of the U.S. electric vehicle and renewable energy sectors. Promote renewable energy partnerships: Develop partnerships for renewable captive power with distributed power generators, further minimizing the environmental impact of operations. Key Investment Highlights Commercial Stage/Revenue Generating: Ace operates commercial facilities in India (since 2003) and Taiwan (since 2024), with planned project development in the U.S. ( Texas ), Europe , and Israel , along with complimentary supply chain operations. The Company is currently generating approximately $23 million in annual revenue. Large Target Markets: Ace's market strategy targets immense opportunities across two core sectors: the mature lead battery recycling market, valued at over $20 billion in 2024, and the rapidly growing lithium-ion battery recycling market, projected to exceed $35 billion by 2040. Anticipated Profitability in 2026: Unique modular, cost-effective deployment strategy allows for high margins and an efficient CapEx and OpEx model. Diversified Business Model: The Company monetizes considerable opportunities in battery recycling through owned and operated facilities, joint venture and licensing agreements, and supply chain and services contracts. Differentiated and Superior Proprietary Green Technology: Already approved by regulators in key global markets, Ace's electrified process eliminates the typical toxic waste and carbon emissions that have forced the shutdown of peer facilities. Additionally, Ace is differentiated in its ability to process both lead and lithium batteries, including LFP, as its competitors are generally unable to process LFP batteries and are able to process either lead or lithium batteries, but not both. Superior Supply-Chain Expertise : Ace believes that it is poised for global expansion, supported by a robust network of supply chain partners across the U.S., Europe , Asia and Africa . Anchored by Marquee Customers: Global offtake agreement with Glencore, one of the world's largest global diversified natural resource companies and a leading company in the recycling industry, underpins the high demand for low-cost feedstock to enable the electrification of vehicles, solar energy and the transition to green energy solutions. Supportive Global Tailwinds: National security, economic and sustainability initiatives have globalized the refining of feedstock and battery production away from traditional sources. U.S. Focus: We believe that Ace's planned facility in Texas and anticipated U.S. footprint will support the U.S. in safeguarding its critical battery metals supply chain. Additionally, Ace is collaborating with the U.S. Department of Energy's National Renewable Energy Laboratory for advanced research on recycling of LFP batteries and upcycling of spent graphite to battery grade. Leading IP Portfolio: Executing customized IP strategies in the lithium and lead recycling spaces, Ace has developed an industry-leading IP portfolio consisting of utility patents, stealth patents and trade secrets supported by more than a decade of research and development ("R&D"). Ace also collaborates with R&D institutions such as the Indian Institute of Technology and Singapore Polytechnic on battery recycling topics. Management Expertise: Ace's team of industry leaders brings together diverse expertise in battery recycling, green energy, business development and global strategy. Backed by Seasoned Industry Investors: Ace's current investors have deep expertise in the metals and recycling sectors, including Claude Dauphin Family Office, former executives at Trafigura, Circulate Capital, and the Francis Family Fund ApS. Management Commentary "Ace is advancing electrification by building a global recycling technology to create sustainable supply chain solutions for critical metals that will enable next-generation technologies," said Nishchay Chadha, CEO of Ace. "Compared to other recyclers, we employ a modular, fully electrified, low CapEx strategy, addressing two distinct and sizeable markets in lead and lithium-ion batteries. We believe that this approach will allow us to rapidly achieve commercial scale while diversifying both our feedstock and end-markets. Our planned focus on the U.S. market makes listing on a U.S. exchange a strategic move that better aligns our goals with our core stakeholders." Transaction Overview The proposed business combination (the "Proposed Business Combination") is expected to close in the first half of 2025, subject to customary closing conditions including regulatory, court and shareholder approvals. Concurrently, Ace expects to complete a financing from existing insiders and various strategic and fundamental investors. Advisors Chardan is serving as exclusive financial advisor to Ace Green Recycling Inc. Lucosky Brookman LLP is serving as legal counsel to Ace Green Recycling Inc. Latham & Watkins LLP is serving as legal counsel to Athena Technology Acquisition Corp. II. About Ace Green Recycling Ace Green Recycling, Inc., incorporated in Delaware , is an innovative battery recycling technology platform offering sustainable end-of-life solutions. It has deployed modular, Scope 1 emissions-free recycling plants for Lithium (NMC & LFP) and Lead batteries used in various industries including electronics, automotive and energy storage. Ace is founded by Nishchay Chadha, who serves as its Chief Executive Officer and is a veteran in recycling, mining and global supply chain industries and Dr Vipin Tyagi as Chief Technology Officer, who is an accomplished scientist with extensive experience in battery materials recycling technology. For more information, please visit https://www.acegreenrecycling.com/ . Additional Information and Where to Find It In connection with the Proposed Business Combination, ATAC II and Ace are expected to prepare a registration statement on Form S-4 (the "Registration Statement") to be filed with the U.S. Securities and Exchange Commission (the "SEC") by ATAC II, which will include preliminary and definitive proxy statements to be distributed to ATAC II's shareholders in connection with ATAC II's solicitation for proxies for the vote by ATAC II's shareholders in connection with the Proposed Business Combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Ace's shareholders in connection with the completion of the Proposed Business Combination. After the Registration Statement has been filed and declared effective, ATAC II will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the Proposed Business Combination. ATAC II's shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, in connection with ATAC II's solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the Proposed Business Combination, because these documents will contain important information about ATAC II, ACE, and the Proposed Business Combination. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus, or any other document that ATAC II will send to its shareholders in connection with the Proposed Business Combination. Shareholders may also obtain a copy of the preliminary or definitive proxy statement, once available, as well as other documents filed with the SEC regarding the Proposed Business Combination and other documents filed with the SEC by ATAC II, without charge, at the SEC's website located at www.sec.gov or by directing a request to Athena Technology Acquisition Corp. II, Attn: Isabelle Freidheim , 442 5th Avenue, New York, NY . INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ, WHEN AVAILABLE, THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE PROPOSED BUSINESS COMBINATION . Investors and security holders will be able to obtain copies of these documents (if and when available) and other documents filed with the SEC free of charge at www.sec.gov . The definitive proxy statement/ prospectus (if and when available) will be mailed to shareholders of ATAC II as of a record date to be established for voting on the Proposed Business Combination. Shareholders of ATAC II will also be able to obtain copies of the proxy statement/prospectus without charge, once available, at the SEC's website at www.sec.gov . Participants in the Solicitation ATAC II, Ace and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from ATAC II's shareholders in connection with the Proposed Business Combination. Information about ATAC II's directors and executive officers and a description of their interests in ATAC II and with respect to the Proposed Business Combination and any other matters to be acted upon at the ATAC II shareholder meeting will be included in the proxy statement/prospectus for the Proposed Business Combination and be available at the SEC's website ( www.sec.gov ). Information about Ace's directors and executive officers and information regarding their interests in Ace and with respect to the Proposed Business Combination will also be included in such registration statement. No Offer or Solicitation This press release relates to a proposed transaction between ATAC II and Ace. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any offer, sale or exchange of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. These forward-looking statements include the statements regarding the expected timing for completion of the Proposed Business Combination, Ace's U.S. development plans and global expansion plans, the expected impact of Ace's planned battery recycling plants in the U.S., and Ace's expectation that it will be profitable in 2026; in some cases you can also identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these terms or other comparable terminology. All forward-looking statements are based on ATAC II's and Ace's current expectations and beliefs concerning future developments and their potential effects. Forward-looking statements are based on various assumptions, whether or not identified in this press release, are not guarantees of future performance, and involve a number of risks, uncertainties, or other factors that may cause actual results or performance to be materially different from those expressed or implied by the forward-looking statements included in this press release. These risks and uncertainties include, but are not limited to: (i) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the adoption and approval of the Business Combination Agreement, the Proposed Business Transaction, the intended financing and other related matters by ATAC II's shareholders, (ii) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (iii) the effect of the announcement or pendency of the Proposed Business Combination on Ace's business relationships, operating results and business generally, (iv) risks that the Proposed Business Combination disrupts Ace's current plans and operations, (v) the outcome of any legal proceedings that may be instituted against ATAC II or Ace related to the Business Combination Agreement or the Proposed Business Combination, (vi) the risks that the consummation of the Proposed Business Combination is substantially delayed or does not occur, including prior to the date on which ATAC II is required to liquidate under the terms of its charter documents (as may be amended) and the potential failure to obtain an extension of its business combination deadline in ATAC II's upcoming Annual Meeting of Stockholders, (vii) costs related to the Proposed Business Combination and the failure to realize anticipated benefits thereof or to realize estimated pro forma results and underlying assumptions, including with respect to estimated shareholder redemptions, (viii) the risk that Ace and its current and future collaborators are unable to continue to successfully develop and commercialize Ace's products and services, or experience significant delays in doing so, (ix) the risk that Ace may need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all, (x) the ability of ATAC II to maintain the listing of its securities on a U.S. exchange before the closing of the Proposed Business Combination and following the Proposed Business Combination, and (xi) the risk that the post-transaction company experiences difficulties in managing its growth and expanding operations. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the registration statement on Form S-4 and proxy statement/prospectus discussed above and other documents filed or to be filed by ATAC II and/or or any successor entity thereof from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ATAC II and Ace assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Contacts: Media [email protected] Investors [email protected] SOURCE ACE Green Recycling진행자: 박준희, Devin Whiting What is South Korea’s 4B movement? 기사 요약: 여성 생식권 문제가 화두였던 미국 대선에서 트럼프 전 대통령이 승리하자 유권자들 사이에서 한국의 비 연애, 결혼, 출산 성관계 운동이 주목받고 있다. [1] Emerging around 2018, the "4B" movement is a voluntary female celibacy movement, encouraging women to refuse heterosexual marriage, childbirth, dating or sex with men. The term "4B" comes from bihon (no marriage), bichulsan (no childbirth), biyeonae (no dating) and bisekseu (no sex), with "bi," or "B," meaning "no." Essentially, 4B advocates for women to disengage from relationships with men entirely. * Emerge: 생겨나다 * Celibacy: 독신주의 * Encourage: 독려하다 * Advocate: 지지하다 [2] Though Trump, who faced a civil trial for sexual abuse last year, has said he would veto a federal abortion ban, he has supported the right of states to choose to ban or limit abortion access after the overturning of Roe v Wade. He has also taken credit for nominating the judges who made the ruling possible. * Face: 직면하다 * Support: 지지하다 * Overturn: 뒤집다 * Take credit for: 뭔가에 대한 공을 가져가다 [3] His election, and the precarious fate of abortion rights in America, spurred some American women to consider the 4B movement, according to multiple reports. Posts on social media platforms like X reflect this mindset, with comments such as, "American women, looks like it’s time to get influenced by Korea’s 4B movement," and, "It’s time we join the movement. Men will NOT be rewarded, nor have access to our bodies." * Precarious: 불안정한 * Spur: 자극하다 * Consider: 고려하다 *Reward: 보상하다 [4] The 4B movement gained traction in Korea due to widespread dissatisfaction with a deeply rooted patriarchal culture seen as beyond repair. Its origins are linked to the sustained challenges faced by women during rapid economic modernization, which has underscored enduring gender inequality, particularly among younger women, according to observers. * Gain traction: 주목받다 * Dissatisfaction: 불만 * beyond repair: 고칠 수 없는 * Link to: 연관된 기사 원문: http://www.koreaherald.com/view.php?ud=20241111050610 [코리아헤럴드 팟캐스트 구독] 아이튠즈(아이폰):https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 네이버 오디오 클립(아이폰, 안드로이드 겸용): https://audioclip.naver.com/channels/5404 팟빵 (안드로이드): http://www.podbbang.com/ch/6638ACCRA, Ghana (AP) — Voting closed Saturday evening in most polling centers throughout Ghana, bringing to an end the presidential and legislative elections poised to be a litmus test for democracy in a region shaken by extremist violence and coups . The capital, Accra, was almost a ghost town for much of the day. Even vibrant Oxford Street, one of the city's commercial hubs, saw little activity on the day that Ghanaians went to the polls to elect a new president and 276 legislators. Some 18.7 million people are registered to vote in the West African country hit by one of the worst economic crises in a generation. However, the two main candidates offer little hope for change for the nation. Early results were expected late on Saturday. The first official results will be released by Tuesday. Ghana used to be a poster child for democracy in the region. At a time when coups threatened democracy in West Africa, Ghana emerged as a beacon of democratic stability with a history of peaceful elections. It had also been an economic powerhouse, priding itself on its development. But in recent years, it has struggled with a profound economic crisis, including surging inflation and a lack of jobs. According to an opinion poll released earlier this year by Afrobarometer, a research group, 82% of Ghanaians feel their country is headed in the wrong direction Although 12 candidates are running for president, Saturday’s election — like others since the return of multiparty politics in 1992 — has emerged as a two-horse race. Vice President Mahamudu Bawumia is the candidate of the ruling New Patriotic Party, or NPP, which has struggled to resolve the economic crisis. He faces off against former President John Dramani Mahama, the leader of the main opposition party National Democratic Congress, or NDC. He was voted out in 2016 after failing to deliver on promises for the economy. Opinion polls point to a potential comeback for Mahama. A local research company, Global InfoAnalytics says he is projected to get 52.2% of the vote, followed by Bawumia, with 41.4%. After voting in the town of Bole in northern Ghana, Mahama praised the smooth election process and expressed confidence in his own victory. “In other elections, it had not been clear," he told reporters. “But (during) this election everyone sees where it is heading.” Bawumia, who voted in his Walewale constituency, also in northern Ghana, also said he believed he had won. “By the grace of God, I’m very hopeful of winning this election," he said. “I think that we have done a lot of work. We have put our message to the people; I think the message has been well received.” The NDC prides itself as a social democratic party, while the ruling NPP tags itself as leaning to the right. But in fact, analysts and voters said, the programs of their presidential candidates do not differ in a significant way. Members of parliament will also be elected Saturday. The ruling NPP party and the main opposition NDC each have 137 members in the 275-member legislature, with one independent member who has been voting mostly along with the ruling party. One more constituency will be added in this election, bringing the number of deputies to 276. In their final campaign rallies Thursday, both candidates made a last push to pitch their political parties as the answer to Ghana’s economic woes. Bawumia, 61, an Oxford-educated economist and former deputy governor of the country’s central bank, promised to build on the outgoing administration’s efforts and stabilize the economy. Mahama, 65, on the other hand, restated his promise to “reset” the country on various fronts. “We need to reset our democracy, governance, economy, finances, agriculture, infrastructure, environment, health sector, and all that we hold dear as a people,” the former president said. Across the the capital, Accra, the mood for the election has been upbeat in posters and billboards with bikers displaying stunts, political rallies on the streets, election jingles and songs blasting from public speakers. But the concern for many is also palpable for the key thing at stake: The country’s ailing economy, which has been challenged on various fronts in recent years. The country defaulted on most of its foreign debt last year as it faced a worsening economic crisis that spiked the price of fuel, food and other essential items. The inflation rate had hit 54% by the end of last year and though it’s been coming down since then, not many Ghanaians can still tell the difference when they go to the market. Ebenezer Kotey Dsane, a 69-year-old driver said he voted for Mahama because “he is a good man” who “set up much infrastructure when he was in office.” “The current regime hasn't done much,” he said, pointing to the La General Hospital in Accra, one of the capital's main medical facilities, pulled down in July 2020 by the current government with a pledge to reconstruct it. “Until today, nothing has happened.” Some chose not to vote at all. Ruth Mensah, 42, an unemployed resident of Nima, a working-class suburb in Accra, said she decided not to cast a ballot. “I don’t see how voting will bring about a change to my life,” she said. Patricia Seyram Hagbevor, 20, a first-time voter and student at Accra Technical University said she wished for a change. She didn't disclose whom she voted for, but said she “hoped for a change for the better that will help develop our future.” The chronic challenge of illegal gold mining — known locally as galamsey — has also been a major issue in the campaign and a source of concern for voters, triggering protests and criticism against the outgoing government. Ghana is Africa’s top gold producer and the world’s sixth largest, but the commodity has been increasingly mined illegally as people become more desperate to find jobs in an economy that has been crumbling. The mining has polluted rivers and other parts of the environment despite government actions to clamp down on the practice. Pronczuk reported from Dakar, Senegal.
NoneED: All Schools Need Cellphone PoliciesFrom Maui to the Caribbean, Thanksgiving tournaments a beloved part of college basketball
In the news release, Ace Green Recycling, a Global Leader in Battery Recycling Technology, to Become a Public Company, issued 04-Dec-2024 by ACE Green Recycling over PR Newswire. The complete, corrected release follows: Ace Green Recycling, a Global Leader in Battery Recycling Technology, to Become a Public Company Ace's innovative modular battery recycling platform is designed to minimize battery waste and retain critical battery materials of strategic importance. Ace, with commercial operations in Asia , is focused on global expansion and plans to develop a flagship battery recycling plant in Texas for lead and lithium-ion batteries. Ace believes that it is uniquely positioned to commercially recycle both lead and lithium-ion batteries using fully electrified processes that produce zero Scope 1 emissions, zero toxic water and zero solid waste. Ace has established a robust network of supply chain partners, including a 15-year offtake agreement with Glencore, one of the world's largest global diversified natural resource companies and a leading company in the recycling industry. Ace is assigned an equity value of $250 million in the transaction, which is expected to close in the first half of 2025. HOUSTON , Dec. 4, 2024 /PRNewswire/ -- Ace Green Recycling, Inc. ("Ace" or the "Company"), a leading provider of sustainable battery recycling technology solutions, and Athena Technology Acquisition Corp. II ("ATAC II") ATEK , a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement, pursuant to which a wholly-owned subsidiary of ATAC II will merge with and into Ace, with Ace becoming a wholly-owned subsidiary of ATAC II and Ace's operations becoming the operating business of the combined entity. Ace's revolutionary battery recycling technology focuses on recovering critical battery materials from both lead and lithium-ion batteries. The Company's innovative and modular technologies are fully electrified, producing zero Scope 1 emissions, zero toxic water and zero solid waste. These capabilities position Ace as a provider of hydrometallurgical recycling solutions without any smelting or thermal processes for both lead and lithium batteries. Ace currently operates commercial facilities in India (lithium-ion; since 2023) that it owns and has licensed its technology to ACME Metal in Taiwan (lead; since 2024), with advanced plans to deploy its technology by building its own plant in the United States . The Company has proven its technology's commercial credentials by enabling processing of more than three million pounds of lead and lithium batteries in India and Taiwan. The Company's LithiumFirstTM technology is capable of commercially recovering up to 75% of lithium with a purity exceeding 99% from lithium iron phosphate ("LFP") and Nickel Manganese Cobalt ("NMC") batteries. In addition to recovering Lithium, the Company's LithiumFirst TM technology also recovers NMC salts, graphite, iron phosphate and other materials such as plastics, steel, aluminum and copper by utilizing a closed-loop hydrometallurgical process that avoids pyrometallurgical operations and produces no liquid waste or Scope 1 carbon emissions. Ace's GREENLEAD® Recovery Technology is a fully electric process that produces zero Scope 1 emissions and is capable of recovering up to 99% of battery-grade lead with more than 99.98% purity. Ace's process is designed to replace legacy smelting operations, which are detrimental to the environment, as well as human health due to potential lead poisoning, and is expected to facilitate a more streamlined permitting process. Ace's expansion strategy centers on the development of battery recycling plants in the U.S., creating centralized hubs for the sustainable recovery of valuable materials from end-of-life batteries. These plants are expected: Drive domestic job creation: Generate high-quality manufacturing jobs in the U.S., stimulating local economies and strengthening America's workforce. Enhance critical battery material security: Reduce reliance on foreign sources of critical minerals such as lithium, cobalt, nickel and lead, bolstering domestic supply chains and supporting the growth of the U.S. electric vehicle and renewable energy sectors. Promote renewable energy partnerships: Develop partnerships for renewable captive power with distributed power generators, further minimizing the environmental impact of operations. Key Investment Highlights Commercial Stage/Revenue Generating: Ace operates commercial facilities in India (since 2023 ) and Taiwan (since 2024), with planned project development in the U.S. ( Texas ), Europe , and Israel , along with complimentary supply chain operations. The Company is currently generating approximately $23 million in annual revenue. Large Target Markets: Ace's market strategy targets immense opportunities across two core sectors: the mature lead battery recycling market, valued at over $20 billion in 2024, and the rapidly growing lithium-ion battery recycling market, projected to exceed $35 billion by 2040. Anticipated Profitability in 2026: Unique modular, cost-effective deployment strategy allows for high margins and an efficient CapEx and OpEx model. Diversified Business Model: The Company monetizes considerable opportunities in battery recycling through owned and operated facilities, joint venture and licensing agreements, and supply chain and services contracts. Differentiated and Superior Proprietary Green Technology: Already approved by regulators in key global markets, Ace's electrified process eliminates the typical toxic waste and carbon emissions that have forced the shutdown of peer facilities. Additionally, Ace is differentiated in its ability to process both lead and lithium batteries, including LFP, as its competitors are generally unable to process LFP batteries and are able to process either lead or lithium batteries, but not both. Superior Supply-Chain Expertise : Ace believes that it is poised for global expansion, supported by a robust network of supply chain partners across the U.S., Europe , Asia and Africa . Anchored by Marquee Customers: Global offtake agreement with Glencore, one of the world's largest global diversified natural resource companies and a leading company in the recycling industry, underpins the high demand for low-cost feedstock to enable the electrification of vehicles, solar energy and the transition to green energy solutions. Supportive Global Tailwinds: National security, economic and sustainability initiatives have globalized the refining of feedstock and battery production away from traditional sources. U.S. Focus: We believe that Ace's planned facility in Texas and anticipated U.S. footprint will support the U.S. in safeguarding its critical battery metals supply chain. Additionally, Ace is collaborating with the U.S. Department of Energy's National Renewable Energy Laboratory for advanced research on recycling of LFP batteries and upcycling of spent graphite to battery grade. Leading IP Portfolio: Executing customized IP strategies in the lithium and lead recycling spaces, Ace has developed an industry-leading IP portfolio consisting of utility patents, stealth patents and trade secrets supported by more than a decade of research and development ("R&D"). Ace also collaborates with R&D institutions such as the Indian Institute of Technology and Singapore Polytechnic on battery recycling topics. Management Expertise: Ace's team of industry leaders brings together diverse expertise in battery recycling, green energy, business development and global strategy. Backed by Seasoned Industry Investors: Ace's current investors have deep expertise in the metals and recycling sectors, including Claude Dauphin Family Office, former executives at Trafigura, Circulate Capital, and the Francis Family Fund ApS. Management Commentary "Ace is advancing electrification by building a global recycling technology to create sustainable supply chain solutions for critical metals that will enable next-generation technologies," said Nishchay Chadha, CEO of Ace. "Compared to other recyclers, we employ a modular, fully electrified, low CapEx strategy, addressing two distinct and sizeable markets in lead and lithium-ion batteries. We believe that this approach will allow us to rapidly achieve commercial scale while diversifying both our feedstock and end-markets. Our planned focus on the U.S. market makes listing on a U.S. exchange a strategic move that better aligns our goals with our core stakeholders." Transaction Overview The proposed business combination (the "Proposed Business Combination") is expected to close in the first half of 2025, subject to customary closing conditions including regulatory, court and shareholder approvals. Concurrently, Ace expects to complete a financing from existing insiders and various strategic and fundamental investors. Advisors Chardan is serving as exclusive financial advisor to Ace Green Recycling Inc. Lucosky Brookman LLP is serving as legal counsel to Ace Green Recycling Inc. Latham & Watkins LLP is serving as legal counsel to Athena Technology Acquisition Corp. II. About Ace Green Recycling Ace Green Recycling, Inc., incorporated in Delaware , is an innovative battery recycling technology platform offering sustainable end-of-life solutions. It has deployed modular, Scope 1 emissions-free recycling plants for Lithium (NMC & LFP) and Lead batteries used in various industries including electronics, automotive and energy storage. Ace is founded by Nishchay Chadha, who serves as its Chief Executive Officer and is a veteran in recycling, mining and global supply chain industries and Dr Vipin Tyagi as Chief Technology Officer, who is an accomplished scientist with extensive experience in battery materials recycling technology. For more information, please visit https://www.acegreenrecycling.com/ . Additional Information and Where to Find It In connection with the Proposed Business Combination, ATAC II and Ace are expected to prepare a registration statement on Form S-4 (the "Registration Statement") to be filed with the U.S. Securities and Exchange Commission (the "SEC") by ATAC II, which will include preliminary and definitive proxy statements to be distributed to ATAC II's shareholders in connection with ATAC II's solicitation for proxies for the vote by ATAC II's shareholders in connection with the Proposed Business Combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Ace's shareholders in connection with the completion of the Proposed Business Combination. After the Registration Statement has been filed and declared effective, ATAC II will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the Proposed Business Combination. ATAC II's shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, in connection with ATAC II's solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the Proposed Business Combination, because these documents will contain important information about ATAC II, ACE, and the Proposed Business Combination. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus, or any other document that ATAC II will send to its shareholders in connection with the Proposed Business Combination. Shareholders may also obtain a copy of the preliminary or definitive proxy statement, once available, as well as other documents filed with the SEC regarding the Proposed Business Combination and other documents filed with the SEC by ATAC II, without charge, at the SEC's website located at www.sec.gov or by directing a request to Athena Technology Acquisition Corp. II, Attn: Isabelle Freidheim , 442 5th Avenue, New York, NY . INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ, WHEN AVAILABLE, THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE PROPOSED BUSINESS COMBINATION . Investors and security holders will be able to obtain copies of these documents (if and when available) and other documents filed with the SEC free of charge at www.sec.gov . The definitive proxy statement/ prospectus (if and when available) will be mailed to shareholders of ATAC II as of a record date to be established for voting on the Proposed Business Combination. Shareholders of ATAC II will also be able to obtain copies of the proxy statement/prospectus without charge, once available, at the SEC's website at www.sec.gov . Participants in the Solicitation ATAC II, Ace and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from ATAC II's shareholders in connection with the Proposed Business Combination. Information about ATAC II's directors and executive officers and a description of their interests in ATAC II and with respect to the Proposed Business Combination and any other matters to be acted upon at the ATAC II shareholder meeting will be included in the proxy statement/prospectus for the Proposed Business Combination and be available at the SEC's website ( www.sec.gov ). Information about Ace's directors and executive officers and information regarding their interests in Ace and with respect to the Proposed Business Combination will also be included in such registration statement. No Offer or Solicitation This press release relates to a proposed transaction between ATAC II and Ace. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any offer, sale or exchange of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. These forward-looking statements include the statements regarding the expected timing for completion of the Proposed Business Combination, Ace's U.S. development plans and global expansion plans, the expected impact of Ace's planned battery recycling plants in the U.S., and Ace's expectation that it will be profitable in 2026; in some cases you can also identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these terms or other comparable terminology. All forward-looking statements are based on ATAC II's and Ace's current expectations and beliefs concerning future developments and their potential effects. Forward-looking statements are based on various assumptions, whether or not identified in this press release, are not guarantees of future performance, and involve a number of risks, uncertainties, or other factors that may cause actual results or performance to be materially different from those expressed or implied by the forward-looking statements included in this press release. These risks and uncertainties include, but are not limited to: (i) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the adoption and approval of the Business Combination Agreement, the Proposed Business Transaction, the intended financing and other related matters by ATAC II's shareholders, (ii) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (iii) the effect of the announcement or pendency of the Proposed Business Combination on Ace's business relationships, operating results and business generally, (iv) risks that the Proposed Business Combination disrupts Ace's current plans and operations, (v) the outcome of any legal proceedings that may be instituted against ATAC II or Ace related to the Business Combination Agreement or the Proposed Business Combination, (vi) the risks that the consummation of the Proposed Business Combination is substantially delayed or does not occur, including prior to the date on which ATAC II is required to liquidate under the terms of its charter documents (as may be amended) and the potential failure to obtain an extension of its business combination deadline in ATAC II's upcoming Annual Meeting of Stockholders, (vii) costs related to the Proposed Business Combination and the failure to realize anticipated benefits thereof or to realize estimated pro forma results and underlying assumptions, including with respect to estimated shareholder redemptions, (viii) the risk that Ace and its current and future collaborators are unable to continue to successfully develop and commercialize Ace's products and services, or experience significant delays in doing so, (ix) the risk that Ace may need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all, (x) the ability of ATAC II to maintain the listing of its securities on a U.S. exchange before the closing of the Proposed Business Combination and following the Proposed Business Combination, and (xi) the risk that the post-transaction company experiences difficulties in managing its growth and expanding operations. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the registration statement on Form S-4 and proxy statement/prospectus discussed above and other documents filed or to be filed by ATAC II and/or or any successor entity thereof from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ATAC II and Ace assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Contacts: Media Media@acegreenrecycling.com Investors Investors@acegreenrecycling.com View original content to download multimedia: https://www.prnewswire.com/news-releases/ace-green-recycling-a-global-leader-in-battery-recycling-technology-to-become-a-public-company-302323175.html SOURCE ACE Green Recycling © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Tweet Facebook Mail Two Australian teenagers and a British woman died from suspected methanol poisoning after drinking tainted alcohol in Laos. An American man and two Danes also died, though their exact causes of death have not been released. A New Zealander also has been sickened. The US State Department issued a warning to travellers to be "alert to the potential risk of methanol poisoning." But what is methanol, and how do you avoid it? READ MORE: Major heatwave to sweep millions this week Methanol can be deadly even in small doses. (Getty) What is methanol? There are three main types of alcohol: ethanol, methanol and isopropyl. Ethanol is what is found in consumer spirits and is the only one intended for consumption. Isopropanol is the main ingredient in rubbing alcohol and hand sanitisers. Methanol, commonly called wood alcohol because it is the byproduct of wood distillation, is frequently used as fuel and in products such as antifreeze and solvents. Holly Bowles (right) and her best friend Bianca Jones (left), aged 19, died in Thailand after drinking tainted alcohol. (Supplied) What happens if you consume methanol? According to the Methanol Institute, the global trade association for the industry, drinking just 25 to 90 millilitres of methanol can be fatal without proper medical treatment, but can be successfully treated if caught early. Methanol poisoning can cause headaches, dizziness and decreased consciousness including coma, seizure, nausea, vomiting, blurred vision and multiple other symptoms, according to the US Centres for Disease Control. READ MORE: Police gun stolen during break-in in Queensland Six deaths have been linked to suspected methanol poisoning in Vang Vieng, Laos. (CNN) The CDC recommends seeking medical attention immediately if methanol poisoning is suspected. "Individuals vary in their response to methanol," said toxicologist Alastair Hay from Britain's University of Leeds. "Some will be able to tolerate more than others because we all have variability in the capacity of our enzymes to detox. But small quantities ... might be fatal for individuals; others may survive slightly more." Why would it be in drinks if it's not meant for consumption? Methanol is sometimes added deliberately by unscrupulous bars to mixed drinks to give them more "kick" and to save money on using higher-priced ethanol-based spirits such as vodka or rum. This practice is not specific to Laos or south-east Asia, but occurs wherever taxes on legitimate alcohol or the cost of legitimate alcohol is perceived as being too high, according to the Methanol Institute. Methanol is also a normal product of the distillation process that produces ethanol, and in home-brew distilleries without strict controls — often found in poorer countries — it can end up in the mix. Methanol spiking has come into the spotlight following the deaths of several tourists in Laos. (AP) Gang grabs $200 million worth of diamonds in just a few minutes View Gallery How do you avoid methanol poisoning? The answer is easy: don't drink it. But it's colourless, odourless and tasteless, so that can be something of a challenge. In guidance issued after the Laos poisonings, Britain's Foreign Office recommends only purchasing alcoholic beverages from licensed liquor stores, buying drinks only from licensed bars and hotels, always checking if bottle seals are intact, and checking labels for poor print quality or incorrect spellings. The Methanol Institute notes that beverages such as canned beer, cider, wine, pre-mix, and duty-free products tend to be safer and less easy to adulterate. It also urges people to be wary of homemade brews, and free drinks or drinks priced far below normal. DOWNLOAD THE 9NEWS APP : Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play .MANCHESTER CITY striker Khadija Shaw was bizarrely shown a yellow card after being hit by an object thrown from the crowd during Thursday's Champions League clash with Hammarby. Shaw broke the deadlock for City with a deflected shot in the 31st minute. 3 Khadija Shaw was hit by a projectile while celebrating her first goal Credit: EPA 3 The striker was left completely baffled after the incident Credit: EPA 3 She was then left stunned after receiving a bizarre yellow card Credit: Getty But as she ran over to the corner flag to celebrate, she was struck by a projectile which appeared to be thrown from the home supporters. The striker looked over to the crowd to see where the object came from, but as she began walking back to the halfway line referee Silvia Gasperotti brandished a yellow card. Shaw looked completely perplexed as her team-mate Alex Greenwood attempted to question the decision. However, Gasperotti just walked away before restarting the match. Read More in Football GET IN LINE Ex-England star more popular than Lineker named fans' favourite to host MOTD Fans on social media were equally confused as to why Shaw received a booking. One person wrote: "Absolutely crazy decision from the ref." Another commented: "Just when you think you have seen the worst decision in women's football the refs just have to take it to a new level." While a third said: "Poor officiating, there has to be severe punishment for this incompetence." Most read in Champions League VLAD THREAT Putin warns he could strike British targets after new hypersonic missile launch COPS PROBE Scottish football club at centre of police investigation into alleged fraud BOOZE TRAGEDY Brit, 28, becomes fifth to die after 'drinking fake booze' on holiday RUSSELL UP Ex-Rangers star forgets mounting pressure on his job on romantic break with Wag FOOTBALL FREE BETS AND SIGN UP DEALS Other fans appeared to suggest that Shaw was booked for "excessively celebrating" in front of the Hammarby fans. One commented: "She celebrated in front of Hammarby stand, that's why she got a yellow card." Chelsea women’s coach Emma Hayes SHOVES Arsenal boss Jonas Eidevall in heated scenes after losing League Cup final Shaw had the last laugh, however, as she went on to score the winner in superb style. Just four minutes after Ellen Ingegerd Wangerheim equalised for Hammarby, the striker fired a shot straight into the top-right corner from the edge of the box. The goal saw her become Man City Women's all-time top goalscorer in the Champions League. City went on to win 2-1 to book a spot in the quarter-finals.