REG - MyCelx Tech. Corp. MyCelx Tech. Cp-MYXR - Trading Update & $3.9m Project Award

Mycelx TechnologiesAnnouncement

03/11/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251103:nRSC7945Fa&default-theme=true

RNS Number : 7945F  MyCelx Technologies Corporation  03 November 2025

The information contained within this Announcement is deemed by MYCELX
Technologies Corporation to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part
of UK domestic law by virtue of the European Union (Withdrawal) Act 2018
("MAR").

 

3 November 2025

 

MYCELX Technologies Corporation

("MYCELX" or the "Company")

 

Trading Update

 

MYCELX Awarded $3.9m Produced Water Project in the US Permian Basin

 

MYCELX Technologies Corporation (AIM: MYX), the clean water and clean air
technology company, is pleased to announce it has been awarded a $3.9 million
produced water treatment project in the US Permian Basin, the most active and
productive oil region in the world. The system will be owned and operated by a
major Midstream Operating Company that provides water management services to
major producers in the region. The company continues to be in advanced
discussions on a number of additional US Permian Basin projects.

 

Under the contract, MYCELX will supply its patented REGEN system, an advanced
water treatment technology with a proven track record of outperforming the
competition. The system will be installed at one of the operator's key water
handling facilities to manage their customers' significantly increased water
volumes resulting from rising water-to-oil ratios during production and
induced seismicity caused by pressurized disposal well usage. This project,
which is expected to be delivered in 2026 but is included within current
market expectations, marks MYCELX's expanding presence in the US Permian Basin
and underscores growing industry confidence in the Company's innovative and
proven water treatment solutions.

 

MYCELX Presents at Middle East Symposium on Successful REGEN Retrofit in Oman

 

The Company was pleased to address the recent Middle East Produced Water
Oilfield Symposium and Exhibition in Qatar, presenting the case study on
MYCELX's installation of its first REGEN Retrofit Package at the Enhanced Oil
Recovery ('EOR') field operated by Petroleum Development Oman ('PDO').
Underperforming nutshell filter vessels can now be modified to transition to
MYCELX's REGEN filter media, enabling increased production and delivering
significantly improved water quality and performance reliability. The Company
is set to deliver its second project with PDO later this year.

 

These projects and the recent technical presentation highlight MYCELX's
continued global momentum and the growing recognition of its innovative,
proven solutions for the most demanding produced water treatment challenges.

 

Connie Mixon, CEO, commented:

 

"We are delighted to have been selected by a leading Midstream Operator in the
US Permian Basin for this significant project, which further validates the
strength and differentiation of our REGEN technology. This award represents an
important milestone in expanding our presence in the most active energy region
in the world and demonstrates the industry's increasing confidence in MYCELX's
proven ability to solve complex produced water challenges.

 

The recent recognition at the Produced Water Oilfield Symposium in Qatar and
our continued collaboration with Petroleum Development Oman further underscore
the growing global demand for advanced water treatment solutions that deliver
measurable performance and reliability. With a strong pipeline of
opportunities ahead, MYCELX is well positioned to build on this momentum and
continue driving sustainable growth in both domestic and international
markets."

 

 

For further information, please contact:

 

 MYCELX Technologies Corporation

 Connie Mixon, CEO                                                      Tel: +1 888 306 6843

 Kim Slayton, CFO

 Cavendish Capital Markets Limited (Nominated Adviser and Sole Broker)

 Giles Balleny / Callum Davidson / Elysia Bough (Corporate Finance)     Tel: +44 20 7220 0500

 Harriet Ward (Corporate Broking)

 Jasper Berry / Michael Johnson (Sales)

 Celicourt Communications (Financial PR)

 Mark Antelme                                                           Tel: +44 20 7770 6424

 Charlie Denley-Myerson

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTDLLFBEFLLFBB



            Copyright 2019 Regulatory News Service, all rights reserved