This exciting news is the result of thousands of manhours, months of work by many individuals on our team, and extensive data analysis. While there is certainly much more work to be done, we are extremely excited with the progress ElementUS has made with the DOE Loan Programs Office and look forward to continuing down the path of acceptance into the program.
The partners of DADA Holdings, LLC (“DADA”) announce that their affiliate, Niche European Holdings, LLC, has acquired a controlling stake in Niche Fusina Rolled Products S.r.l., which operates an aluminum rolling mill and related facilities in Fusina, Italy, just outside of Venice.
The regional councilor for labor Elena Donazzan and the regional councilor for economic development Roberto Marcato met the top management of Niche Fusina Rolled Products Srl today at Palazzo Balbi. The meeting was attended by the company's president Thomas Robb, the CEO Vincenzo Zinni and Roberta Trevisol; for the DADA group the CEO David D'Addario and the CFO Monte Schaefer.
Italy-based aluminum rolling mill Niche Fusina Rolled Products (Fusina) will start providing its customers with product carbon footprint information for its tailor-made coils, metal sheets, and plates. Prospective buyers will be able to request the average product carbon footprint information when making purchasing decisions, and customers will receive a carbon footprint report attached to their invoices, for use in their own Scope 3 reporting and product lifecycle calculations.
Ft. Lauderdale, FL – September 6, 2022 – ElementUS Minerals, LLC, whose process will extract and refine strategic minerals, including pig iron, alumina, and rare earth elements from bauxite residue with zero mining impact, has announced an exclusive agreement with the partners of LAlumina to process bauxite residue situated at LAlumina’s refinery in Burnside, Louisiana.
On March 31, 2022, at the end of a competitive procedure promoted in the context of a “composition with creditors proceeding” (“procedura di concordato preventivo”) pending before the Court of Venice - Bankruptcy Section, Niche Fusina Rolled Products S.r.l. (“Niche Fusina”), a newly incorporated Italian company held by the partners of DADA Holdings LLC (“DADA”),
DADA Holdings, LLC (“DADA”) announced they have concluded a deal to sell to Concord Resources Ltd. (“Concord”) a portion of their interest in New Day Aluminum Holdings, LLC (“New Day”), the parent of Noranda Bauxite, Noranda Alumina, and NICHE Industrial Chemicals. As a result of the transaction, Concord will substantially increase its equity stake in New Day. In addition to retaining a minority ownership interest in New Day, DADA will retain majority ownership of the European operations located in France and England, while Concord retains its minority shareholding in those operations.
ElementUS, the rare earth elements and minerals extraction JV between DADA Holdings and Enervoxa, announced that it has been approved by the Louisiana Public Facilities Authority (“LPFA”) for a significant allocation of tax-exempt private activity bond issuance as part of the anticipated $850 million of total debt approved for construction of the facility. This approval, and the subsequent Executive Order from the Governor of Louisiana on granting the bond issue, represents a major step forward for ElementUS.
The Durst Organization and The Port Authority of New York and New Jersey announced a half dozen new leases at One World Trade Center.DADA Holdings LLC has signed a five-year lease for 4,786 s/f on the 71st floor; Princeton Longevity Center signed a 10-year lease for 11,075 s/f on the 71st floor. This will be both DADA and Princeton Longevity’s first offices in New York City.