Carbonxt Group Ltd. (AU:CG1) has released an update.
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Carbonxt Group Ltd has reported a strong June 2024 quarter, with a significant increase in customer receipts driven by major contracts, including a $4.3 million upfront sale of activated carbon pellets to Wisconsin Public Service, and a $24 million, four-year contract with Reworld Waste, LLC. The company is experiencing robust demand for its activated carbon products in the US market, and its Kentucky manufacturing facility is expected to further boost production and revenues upon its completion later in the quarter.
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