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MYX Mycelx Technologies Corporation

0.50 (0.79%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Mycelx Technologies Corporation MYX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.50 0.79% 64.00 16:16:23
Open Price Low Price High Price Close Price Previous Close
63.50 63.50 64.00 64.00 63.50
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Industry Sector

Mycelx Technologies MYX Dividends History

No dividends issued between 23 May 2014 and 23 May 2024

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Posted at 21/5/2024 07:30 by someuwin
21 May 2024

MYCELX Technologies Corporation

("MYCELX" or the "Company" (AIM: MYX)

Director Dealing

The Company announces that it was notified by André Schnabl, a Non-Executive Director of the Company, that on 20 May 2024, he purchased 71,598 common shares in the Company of US$0.025 each ("Common Shares"), at a price of £0.54 per Common Share. Following this transaction, Mr. Schnabl holds 118,011 Common Shares representing 0.51 per cent of the total issued capital of the Company.
Posted at 11/4/2024 08:15 by someuwin
11 April 2024


EPA Publishes National Drinking Water Standards

MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water and clean air technology company transforming the environmental impact of industry, notes the announcement by the United States Environmental Protection Agency ("EPA") regarding the first-ever national, legally enforceable drinking water standards for PFAS exposure.

MYCELX notes that the EPA has announced the first-ever national, legally enforceable drinking water standard to protect communities from exposure to harmful PFAS substances known as "forever chemicals". PFAS exposure has been linked to several cancers, liver and heart issues, and immune and developmental damage to infants and children. The final rule will reduce PFAS exposure for approximately 100 million people, preventing deaths and reducing serious illnesses. There will be circa $1 billion in newly available funding through the Bipartisan Infrastructure Law to help states and territories implement PFAS testing and treatment at public water systems and to help owners of private wells address PFAS contamination in addition to a $9 billion investment to help communities with drinking water impacted by PFAS and other emerging contaminants.

More details can be found at the following link:

Connie Mixon, CEO, commented:

"We are very pleased to see this announcement by the EPA. The need for successful treatment of "forever chemicals" is now acknowledged and funding is being made available which will accelerate the adoption of new and more effective technology such as ours. MYCELX is engaged and very focused on the PFAS remediation market, as the Company's unique and patented technology is proven to successfully treat water and remediate sites that have been contaminated by PFAS chemicals, up to current EPA water standards."
Posted at 04/4/2024 03:54 by fft
Hopefully MYX have a presence. Global 2024Delve into PFAS regulations worldwideThe manufacture and use of PFAS is under the spotlight globally, across multiple industries. With bans and restrictions entering into force at a rapid pace, it is imperative to be aware of, and compliant with, the latest regulatory changes.   This one-day virtual conference is a valuable platform to discuss the very latest regulatory, legal and scientific challenges related to PFAS. It will offer expert guidance from a diverse range of regulators and specialists who advise on the best compliance strategies for industry, the latest updates on testing methodologies for PFAS and opportunities to transition to PFAS-free chemistry.  Join us virtually??  Watch this event live (virtually) from the comfort of your desk. All the content will also be available on demand shortly after the event, so you can catch up at your convenience.?  Sponsor or exhibit at this event  Showcase your products and services to our highly targeted audience of regulatory and product safety professionals. Your event presence will benefit from a dedicated marketing campaign, and the opportunity to promote your own relevant content before, during and after the event.??FIND OUT MORE What will be covered?   Global developments, especially recent OECD work on PFAS and how to manage the growing number of PFAS restrictions globally  The latest European PFAS updates, with focus on the universal restriction proposal (UPFAS) under REACH and the urban wastewater (UWWT) directive Analytical test method developments for PFAS Help with the transition to PFAS-free chemistry Recent North American developments, especially from the US EPA Testimonials from PFAS Global 2023 (25 April)  'This was probably the most informative and useful PFAS Global conference, as it didn't just repeat what was already available from within ECHA / REACH and the Annex document itself. Some great perspectives on the legal front and how to prepare or protect businesses from PFAS-related legal issues.' 'It was useful to understand where PFAS come from, how present they are within us and the environment, and what different countries are looking at doing to prevent more of these chemicals from entering the environment.' 'The pace was good, and the presenters excellent.' Why attend?  Expert speakers – hear from senior representatives of international institutions, scientists and industry, as they give their perspectives on emerging issues and hot topics Time-efficient – bring yourself up to date with the complex and ever evolving regulatory PFAS landscape Q&A panel sessions – an opportunity to ask questions, discuss topics, raise issues, seek solutions and share experiences with your peers and our expert speakers, all online 
Posted at 21/3/2024 10:29 by fft
Why did a director who already holds nearly 300,000 shares buy just 6,000 ? It just looks so bad. So token. Other PDMR aren't interested ? Make me think we need a board change ! The 6-7 years have seen a number of PFAS contracts awarded, but MYX have not been the recipient.
Posted at 30/1/2024 18:45 by fft
I agree. I think they are spread too thinly given the markets they are in. A strategic investor like SLB would be huge (though I suspect a complete takeover would be more likely).I would be happy for them, for example, to give up the oil side in order to throw more resources at the PFAS side - which is multi billion and worldwide. A small number of contracts have been awarded in the last few the USA for this, but so far MYX arent winning them. But the USA EPA site shows hundreds if not 1000's of contracts that will come up. It just takes a few years to process them. There has been a year end TU in recent years. But this has been in January, February or March (!) so impossible to predict.
Posted at 27/9/2023 16:49 by alter ego
might be some extra interest tomorrow. Mello (organised by Carmensfella aka, David Stredder)ran an event today looking at recent results and MYX was one company featured
Posted at 27/9/2023 15:43 by fft
After seeing the attack on Paul below, I thought I should post the post I made on stockopaedia. Whilst the companies financials look nothing special, it is what they are trying to solve that *could* make this company a multibagger. The issue is PFAS/PFOS which is used in teflon and a load of other products.As Time magazine put it, this could cost more for the companies involved than the cigarette settlements of a few years ago. North of $200bn. best way to understand the PFAS issue and the potential it brings to MYX is to watch the film "Dark Waters" (2019). Big budget legal movie (in the same manner as Erin Brockovich) about tracking down and going after Dupont. Quite scary. Especially how Du Pont knew back in 1962 it would cause birth defects and cancers after testing on their own staff. As the end of the film makes clear this isn't just a USA issue. This product has been made and used all over the world. The film is currently available on Netflix.The film is about Du Pont (who came to a $1.2bn cleanup settlement), but the really big fish is 3M, who, have just come to a $10bn settlement to clean up PFOS.The relevance to Mycelx is that it has started paid trials for filtering PFAS/PFOS in the USA and clearing up existing leaching from landfills. The trials seem to show MYX tech works.Once the trials are complete and data analysed I would not be surprised if Dupont or 3M or others just buy MYX.I had heard about MYX before, but it was only when, by chance, I watched the film one night that I was both horrified and then saw the opportunity that MYX had. I knew nothing about PFOS/PFAS before and couldn't believe it.The main issue with MYX is cash burn. Cash is tight and inventory that can be sold is limited. Can they scale up without a raise ? Or maybe a partner comes in with a strategic stake and cash injection or they just get taken out.My current thought is that once the trials are complete and data analysed I would not be surprised if Dupont or 3M or others just buy MYX. The water treatment side for the oil industry being used in the middle East is also potentially huge. The latest project enables processed waste water to be used directly in irrigation systems. Would Sclumberger be interested in that ?
Posted at 20/9/2023 10:39 by fft
Probably depends on what the money is needed for. Seems like so far, that PFAS is fairly cash neutral, and if other projects don't need a lot of cash up front, the company should be ok. The 'nice' problem might be if substantial orders all arrive at once and either bridging finance or equity is needed to fund that. However, I would expect someone to take a large stake or buy out MYX in that case (3M ? Dupont ? Schlumberger ?)
Posted at 08/8/2023 13:22 by someuwin
Hopefully get an update soon on how the various PFAS remediation trials are going. Along with progress on strategic partnerships. MYX do seem to have one of the best (and most cost effective) solutions for this multi-billion $ global environmental issue.
Posted at 11/7/2023 07:30 by someuwin
11 July 2023


Contract Award

MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water and clean air technology company, is pleased to announce the award of a contract extension for wastewater treatment at a leading independent petrochemical facility in the Middle East.

This contract, together with the award announced on 3rd July 2023 for wastewater treatment in the Middle East, will generate revenue in aggregate in excess of $2 million in 2023 across the two contracts and helps underpin the current market forecast for the current year.

Connie Mixon, CEO, commented:

"Our technology and expertise continue to provide customers with effective solutions for treating complex process water. Maintaining the high level of performance that our customers require is extremely important to us and sets us apart from competitors."

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