AMCO News Friday, June 13, 2014 10:54:19 PM $AMCO
Armco Metals Holdings, Inc. Receives Government Approval to Import 20,000 Metric Tons of Restricted Materials Annually
Marketwire - Thu Jun 05, 2:05AM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings"
(NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler in China, today announced that its Armco (Lianyungang) Renewable Metals, Inc. subsidiary ("Renewable Metals" has received a restricted materials import approval from the Environmental Management of Solid Waste in China.
Armco Metals Holdings, Inc. Receives $15 Million Credit Approval From a Chinese Commercial Bank
Marketwire - Wed May 21, 8:03AM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings" (NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler in China, today announced that the Company has received a credit approval letter from a Chinese commercial bank with an approved credit limit equivalent to RMB 96 million or $15 million, of which $7.5 million can be used for general purposes such as Import Letters of Credit and Import Bill Advances, and the other $7.5 million can be used for special business purposes such as secured business loans. The new credit facility became effective on May 16, 2014 and is in effect for a period of 12 months and replaced the facility of RMB 78 million or $12.7 million we had with the same bank.
Armco Metals Holdings Announces Financial Results for the First Quarter of 2014
Marketwire - Tue May 20, 3:00PM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings" (NYSE MKT: AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by steel mills in the production of recycled steel and provides sourcing and pricing services for various metals to its network of customers, today announced its financial results for the first quarter of 2014.
Armco Metals Holdings, Inc. Enters Into Scrap Steel Distribution Agreement With TEWOO Metals International Trade Co., Ltd.
Marketwire - Fri May 16, 8:02AM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings" (NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler in China, today announced that its Armco (Lianyungang) Renewable Metals, Inc. subsidiary ("Renewable Metals" has entered into a steel scrap distribution agreement with TEWOO Metals International Trade Co., Ltd. ("TEWOO Metals", the largest state-owned enterprise in Tianjin that engages in domestic and international trading, distribution, machining, delivery and E-commerce of metals and industrial commodities.
Armco Metals Holdings Inc. to Host First Quarter End 2014 Earnings Conference Call on Tuesday May 20, 2014 at 5:00 p.m. EST
Marketwire - Thu May 15, 7:32AM CDT
Armco Metals Holdings, Inc. (NYSE MKT: AMCO) ("Armco Metals" or the "Company", a distributor of imported metal ore and metal recycler, today announced that it will release its first quarter end 2014 financial results on Tuesday, May 20, 2014.
Armco Metals Holdings Enters Into Agreement to Acquire 100% of Draco Resources, Inc.
Marketwire - Wed Apr 16, 8:16AM CDT
Armco Metals Holdings, Inc. ("Armco Metals" (NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler, today announced that it entered into a stock purchase agreement to acquire 100% of Draco Resources, Inc. ("Draco Resources", a California-based corporation engaged in the exploration, mining, and trading of iron ore and minerals, via a stock exchange valued at approximately $46 million at the closing price of Armco Metals as of April 15, 2014. The closing of the acquisition is subject to completion of due diligence, approval from shareholders, approval for continued listing by the New York Stock Exchange, and approval by any applicable governmental regulatory agency. Upon successful completion of the acquisition, Draco shareholders will own approximately 72.8% of the total outstanding shares of the combined companies.
Armco Metals Holdings Announces Financial Results for the Fourth Quarter and Full Year of 2013
Marketwire - Fri Apr 04, 4:45PM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings" (NYSE MKT: AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by steel mills in the production of recycled steel and provides sourcing and pricing services for various metals to its network of customers, today announced its financial results for its fourth quarter and for the fiscal year ended December 31, 2013.
Armco Metals Holdings, Inc. and Midland Resources Enter Into Steel Scrap Supply Agreement
Marketwire - Tue Apr 01, 7:32AM CDT
Armco Metals Holdings, Inc. ("Armco Metals" (NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler in China, today announced that it entered into a steel scrap supply agreement with Midland Resources (China) Company Limited ("Midland", a Hong Kong-based joint venture with Shagang Steel Group ("Shagang Steel". Midland serves as the exclusive agent for Shagang Steel for the sale of its steel products in the Hong Kong markets. Midland fulfilled the sale of over 400,000 tons of steel products for Shagang Steel in 2013. Shagang Steel ranks as one of the largest importers of steel scrap in China.
Armco Metals Holdings to Host Fourth Quarter & Year End 2013 Earnings Conference Call on Friday, April 4, 2014 at 5:00 p.m. ET
Marketwire - Mon Mar 31, 3:20PM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings" (NYSE MKT: AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by steel mills in the production of recycled steel and provides sourcing and pricing services for various metals to its network of customers, today announced that it will release its fourth quarter and year end 2013 financial results on Friday, April 4, 2014.
Armco Metals Holdings, Inc. and Mitsui & Co. (Shanghai) Ltd. Enter Into Long Term Steel Scrap Supply Agreement
Marketwire - Wed Mar 05, 8:31AM CST
Armco Metals Holdings, Inc. ("Armco Metals Holdings" (NYSE MKT: AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by steel mills in the production of recycled steel and provides sourcing and pricing services for various metals to its network of customers, today announced that its Armco (Lianyungang) Renewable Metals, Inc. subsidiary ("Renewable Metals" has entered into a steel scrap supply agreement with Mitsui & Co. (Shanghai) Ltd. ("Mitsui Shanghai", a wholly owned subsidiary of Mitsui & Co., Ltd., ("Mitsui & Co." whose business covers energy, machinery, chemicals, food, textile, logistics, finance, and more on a global scale.
Armco Metals Holdings, Inc. Has Elected to Deliver the Additional Closing Notice to Hanover Holdings
Marketwire - Wed Feb 26, 4:10PM CST
Armco Metals Holdings, Inc. (NYSE MKT: AMCO), a distributor of imported metal ore and a metal recycler in China, today announced that the company has elected to deliver the Additional Closing Notice to Magna Group affiliate Hanover Holdings I, LLC pursuant to which we will issue and sell Hanover an additional $500,000 principal amount convertible promissory note under the terms of the Securities Purchase Agreement entered into with Hanover in November 2013. We expect to close the second tranche of this financing on March 3, 2014. We will use the proceeds from this transaction for working capital.
Armco Metals Holdings Announces Second Quarter 2013 Financial Results
Marketwire - Wed Aug 14, 5:42PM CDT
Armco Metals Holdings, Inc. (NYSE MKT: AMCO) ("Armco Metals" or the "Company", a distributor of imported metal ore and metal recycler with a new state-of-the-art scrap metal recycling facility in China, today announced its financial results for the second quarter 2013 and first half year 2013.
Armco Metals Holdings Inc. Hosts Second Quarter 2013 Earnings Conference Call on Thursday, August 15, 2013 at 5:00 p.m. ET
Business Wire - Fri Aug 09, 7:26PM CDT
Armco Metals Holdings, Inc. (NYSE MKT: AMCO) ("Armco Metals" or the "Company", a distributor of imported metal ore and metal recycler, today announced that it will release its second quarter 2013 financial results on Wednesday, August 14, 2013.
Armco Metals Holdings, Inc. Receives Government Approval to Import 20,000 Metric Tons of Restricted Materials Annually
Marketwire - Thu Jun 05, 2:05AM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings"
(NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler in China, today announced that its Armco (Lianyungang) Renewable Metals, Inc. subsidiary ("Renewable Metals" has received a restricted materials import approval from the Environmental Management of Solid Waste in China. Armco Metals Holdings, Inc. Receives $15 Million Credit Approval From a Chinese Commercial Bank
Marketwire - Wed May 21, 8:03AM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings"
(NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler in China, today announced that the Company has received a credit approval letter from a Chinese commercial bank with an approved credit limit equivalent to RMB 96 million or $15 million, of which $7.5 million can be used for general purposes such as Import Letters of Credit and Import Bill Advances, and the other $7.5 million can be used for special business purposes such as secured business loans. The new credit facility became effective on May 16, 2014 and is in effect for a period of 12 months and replaced the facility of RMB 78 million or $12.7 million we had with the same bank. Armco Metals Holdings Announces Financial Results for the First Quarter of 2014
Marketwire - Tue May 20, 3:00PM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings"
(NYSE MKT: AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by steel mills in the production of recycled steel and provides sourcing and pricing services for various metals to its network of customers, today announced its financial results for the first quarter of 2014. Armco Metals Holdings, Inc. Enters Into Scrap Steel Distribution Agreement With TEWOO Metals International Trade Co., Ltd.
Marketwire - Fri May 16, 8:02AM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings"
(NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler in China, today announced that its Armco (Lianyungang) Renewable Metals, Inc. subsidiary ("Renewable Metals" has entered into a steel scrap distribution agreement with TEWOO Metals International Trade Co., Ltd. ("TEWOO Metals", the largest state-owned enterprise in Tianjin that engages in domestic and international trading, distribution, machining, delivery and E-commerce of metals and industrial commodities. Armco Metals Holdings Inc. to Host First Quarter End 2014 Earnings Conference Call on Tuesday May 20, 2014 at 5:00 p.m. EST
Marketwire - Thu May 15, 7:32AM CDT
Armco Metals Holdings, Inc. (NYSE MKT: AMCO) ("Armco Metals" or the "Company"
, a distributor of imported metal ore and metal recycler, today announced that it will release its first quarter end 2014 financial results on Tuesday, May 20, 2014. Armco Metals Holdings Enters Into Agreement to Acquire 100% of Draco Resources, Inc.
Marketwire - Wed Apr 16, 8:16AM CDT
Armco Metals Holdings, Inc. ("Armco Metals"
(NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler, today announced that it entered into a stock purchase agreement to acquire 100% of Draco Resources, Inc. ("Draco Resources", a California-based corporation engaged in the exploration, mining, and trading of iron ore and minerals, via a stock exchange valued at approximately $46 million at the closing price of Armco Metals as of April 15, 2014. The closing of the acquisition is subject to completion of due diligence, approval from shareholders, approval for continued listing by the New York Stock Exchange, and approval by any applicable governmental regulatory agency. Upon successful completion of the acquisition, Draco shareholders will own approximately 72.8% of the total outstanding shares of the combined companies. Armco Metals Holdings Announces Financial Results for the Fourth Quarter and Full Year of 2013
Marketwire - Fri Apr 04, 4:45PM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings"
(NYSE MKT: AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by steel mills in the production of recycled steel and provides sourcing and pricing services for various metals to its network of customers, today announced its financial results for its fourth quarter and for the fiscal year ended December 31, 2013. Armco Metals Holdings, Inc. and Midland Resources Enter Into Steel Scrap Supply Agreement
Marketwire - Tue Apr 01, 7:32AM CDT
Armco Metals Holdings, Inc. ("Armco Metals"
(NYSE MKT: AMCO), a distributor of imported metal ores and a steel recycler in China, today announced that it entered into a steel scrap supply agreement with Midland Resources (China) Company Limited ("Midland", a Hong Kong-based joint venture with Shagang Steel Group ("Shagang Steel". Midland serves as the exclusive agent for Shagang Steel for the sale of its steel products in the Hong Kong markets. Midland fulfilled the sale of over 400,000 tons of steel products for Shagang Steel in 2013. Shagang Steel ranks as one of the largest importers of steel scrap in China. Armco Metals Holdings to Host Fourth Quarter & Year End 2013 Earnings Conference Call on Friday, April 4, 2014 at 5:00 p.m. ET
Marketwire - Mon Mar 31, 3:20PM CDT
Armco Metals Holdings, Inc. ("Armco Metals Holdings"
(NYSE MKT: AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by steel mills in the production of recycled steel and provides sourcing and pricing services for various metals to its network of customers, today announced that it will release its fourth quarter and year end 2013 financial results on Friday, April 4, 2014. Armco Metals Holdings, Inc. and Mitsui & Co. (Shanghai) Ltd. Enter Into Long Term Steel Scrap Supply Agreement
Marketwire - Wed Mar 05, 8:31AM CST
Armco Metals Holdings, Inc. ("Armco Metals Holdings"
(NYSE MKT: AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by steel mills in the production of recycled steel and provides sourcing and pricing services for various metals to its network of customers, today announced that its Armco (Lianyungang) Renewable Metals, Inc. subsidiary ("Renewable Metals" has entered into a steel scrap supply agreement with Mitsui & Co. (Shanghai) Ltd. ("Mitsui Shanghai", a wholly owned subsidiary of Mitsui & Co., Ltd., ("Mitsui & Co." whose business covers energy, machinery, chemicals, food, textile, logistics, finance, and more on a global scale. Armco Metals Holdings, Inc. Has Elected to Deliver the Additional Closing Notice to Hanover Holdings
Marketwire - Wed Feb 26, 4:10PM CST
Armco Metals Holdings, Inc. (NYSE MKT: AMCO), a distributor of imported metal ore and a metal recycler in China, today announced that the company has elected to deliver the Additional Closing Notice to Magna Group affiliate Hanover Holdings I, LLC pursuant to which we will issue and sell Hanover an additional $500,000 principal amount convertible promissory note under the terms of the Securities Purchase Agreement entered into with Hanover in November 2013. We expect to close the second tranche of this financing on March 3, 2014. We will use the proceeds from this transaction for working capital.
Armco Metals Holdings Announces Second Quarter 2013 Financial Results
Marketwire - Wed Aug 14, 5:42PM CDT
Armco Metals Holdings, Inc. (NYSE MKT: AMCO) ("Armco Metals" or the "Company"
, a distributor of imported metal ore and metal recycler with a new state-of-the-art scrap metal recycling facility in China, today announced its financial results for the second quarter 2013 and first half year 2013. Armco Metals Holdings Inc. Hosts Second Quarter 2013 Earnings Conference Call on Thursday, August 15, 2013 at 5:00 p.m. ET
Business Wire - Fri Aug 09, 7:26PM CDT
Armco Metals Holdings, Inc. (NYSE MKT: AMCO) ("Armco Metals" or the "Company"
, a distributor of imported metal ore and metal recycler, today announced that it will release its second quarter 2013 financial results on Wednesday, August 14, 2013. 
