What Was The Reason Behind MEEC Stock Increasing 25% Last Session?

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During last session, Midwest Energy Emissions Corp. (OTCQB:MEEC) saw its share price rise 25.00% to $0.8500, with its market capitalization at $75.88M. Recently, MEEC stock traded 195.10K shares, less than its average daily volume of 224.26K shares. Additionally, MEEC stock has traded between $0.6110 and $0.9000. MEEC has 89.27M outstanding shares compared to 55.55M float. MEEC stock rallied following an event.

Which event has MEEC participated in?

A leading environmental technologies company, Midwest Energy develops and provides patented and proprietary solutions to the global energy sector. MEEC’s cutting-edge services achieve significant emissions reductions at low costs and with minimal operational impact compared with currently used methods and make the byproducts marketable for beneficial use. MEEC is doing business as ME2C Environmental under the name Midwest Energy Emissions Corp.

A virtual webcast of 36 SmallCap, MicroCap and NanoCap public companies to a global audience will be held on October 5th – 8th, 2021, entitled “The Fall Harvest – Best Ideas from the Buy-Side.”

  • It began on October 5th, 2021 with company presentations beginning at 8:30 am eastern time.
  • “The Fall Harvest – Best Ideas from the Buy Side: VIRTUAL” concluded on October 7th, 2021.
  • Throughout Tuesday and Wednesday (October 5th and 6th), presentations from participating companies were broadcast live online.
  • This event will take place on October 7th and 8th (2021), when a MEEC presentation will take place at 2:30 pm ED, and 1×1 meetings will take place on Thursday and Friday.

An agreement has recently been signed between Midwest Energy and a utility provider in the Midwest to provide the utility with the right to use MEEC patents at its coal-fired generator. Patents related to MEEC’s two-step Sorbent Enhancement Additive (SEA) method used to remove mercury from coal-fired power plants were licensed.

In exchange for use of MEEC Environmental’s patented processes to capture mercury emissions, MEEC Environmental will be charged an annual sum. Additionally, ME2C Environmental’s bid for product supply will be considered after the utility’s existing contract for product supply expires.

MEEC’s new partnership:

MEEC expects its relationship with the utility, which began with that agreement, to grow over time. This license agreement demonstrates that this utility recognizes MEEC’s patent position and the value it brings to that facility’s coal-fired operations. MEEC will be this utility’s full-service business partner, which will provide even greater benefits and optimizations to their current operations.

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