It was a strong quarter for KMX, and the outlook continues to improve.
During the quarter, the team continued to build out our two core markets (oil & gas produced water desalination, and lithium concentration). The team also executed on our diversification strategy with the entry into the mining market.
In this update, I’ll provide additional insights on:
- KMX’s work in uranium mining
- Oil & gas produced water desalination
- KMX’s North American expansion
- The macro environment and KMX
KMX for Uranium Mining
Last month, we were excited to share a funding award from the State of Wyoming to construct a KMX system for the largest operating uranium mine in the U.S.
The use of KMX’s VMD technology at Ur-Energy’s Lost Creek Uranium Mine presents an opportunity to maximize wastewater recovery and alleviate a critical uranium processing potential bottleneck for the uranium recovery industry. The award comes at a time of growing demand for uranium production and increasing interest in nuclear energy.
We are excited to work with Ur-Energy and look forward to sharing details on this exciting project as it unfolds.
KMX and Ur-Energy Management at the Lost Creek Uranium Mine
Source: KMX Technologies
Momentum Continues to Build for Oil & Gas Produced Water Desalination
Last month, TETRA Technologies, Inc. announced a pilot project with EOG Resources, Inc. using TETRA Oasis Total Desalination Solution (“TDS”), an end-to-end water treatment and desalination solution for re-use and mineral extraction applications for produced water from oil and gas wells.
As highlighted by the Wall Street Journal last week, oil companies are “wrestling with huge amounts of wastewater have bold plans to turn the nuisance into a valuable product”. KMX congratulates the TETRA and EOG teams and is proud to support this innovative partnership.
Update on North American Operational Expansion
The KMX team is thrilled to welcome new team members in commercial, operations, and support roles as part of our North American buildout.
As part of this expansion, we are excited to be doubling our laboratory capacity to further support existing and new customers as well as our next generation development efforts.
The team intends to share details on our new laboratory in the coming months and looks forward to commencing operations at our new lab soon.
We hope to see some of you at the new lab opening!
Macro Environment Provides Tailwinds for KMX
The current focus on critical mineral national security and revitalizing the U.S. manufacturing base presents two significant tailwinds for KMX:
- The opportunity presented by KMX’s technology to concentrate and extract critical minerals from U.S.-based unconventional sources, such as tailings dams, brine sources, and wastewater directly aligns with recent Executive Orders.
- The opportunity to provide our desalination technology to manufacturers looking to establish new operations with best-in-class wastewater technology in the U.S.
Regarding some of the macro challenges and uncertainties, our operations team and manufacturing partners are highly focused on navigating the unfolding global supply chain and tariff environment.
With the majority of the components of KMX systems being manufactured in the U.S., KMX is uniquely positioned to both capitalize on the growing U.S. critical mineral demand as well as the increasing need to source domestically manufactured industrial technology.
We look forward to continuing to work with our manufacturing partners, including Sumitomo Electric, on further enhancing KMX’s supply chain for the benefit of critical mineral and water security.
Up Next:
Building on our strong first quarter and recent milestones, the team is excited to share additional updates on our next generation technology development as well as our cornerstone customer initiatives in the months ahead.
Thank you once again to our customers, partners, and manufacturers that made the first quarter of 2025 a great one!
– Zac
Zachary Sadow
Chairman & CEO
KMX Technologies