ElectraLith Appoints Vincent D. McBeth Vice President
Summary: Highly regarded executive, distinguished Naval Officer, and White House Fellow joins ElectraLith in its first executive appointment outside of Australia, signaling an increasing focus on the US and DLE-R's ability to deliver critical mineral independence.
Melbourne, Victoria--(Newsfile Corp. - March 19, 2025) - Melbourne-based ElectraLith Pty Ltd ('ElectraLith') today announced the appointment of Vincent D. McBeth as Vice President - North America. McBeth's appointment follows the December announcement of ElectraLith's oversubscribed Series A capital raise, comprising a world class investor syndicate.
To view an enhanced version of this graphic, please visit:
As Vice President - North America, McBeth will oversee all aspects of ElectraLith's activities in the region including commercial, operational, financial, media and investor matters. McBeth will also lead ElectraLith's engagements at the federal, state and local level throughout the US.
McBeth's appointment marks ElectraLith's first executive hire outside of Australia and signals its increasing focus on the US market. McBeth will be based in Washington, DC and Smackover, Arkansas.
McBeth joins ElectraLith from Sydney-based and In-Q-Tel-backed startup Q-CTRL where he led strategy and business development in the US and UK. Prior to Q-CTRL, McBeth was Managing Partner of Gartner, where he led the company's defense consulting practice. McBeth was previously Founder and President of The McBeth Group International, an independent defense technology consultancy.
A graduate of the United States Naval Academy, McBeth is also a distinguished and exceptionally well-regarded former Naval Officer. In his 22 years of service, McBeth commanded two warships, was a White House Fellow, served as Aide to the Secretary of the Navy, and served as Special Assistant to the Chairman of the Joint Chiefs of Staff.
ElectraLith CEO Charlie McGill said: 'We are absolutely thrilled to welcome Vince to the ElectraLith Team. Vince's ability to forge meaningful commercial, operational and government relationships at all levels will be the kingpin to executing our North America strategy.'
McGill added: 'We are particularly excited for Vince to unlock DLE-R's proven ability to process otherwise unviable lithium reserves in the US, directly addressing the Trump Administration's objective of critical mineral independence.'
McBeth commented: 'ElectraLith's disruptive DLE-R technology will drive rapid transformation in the lithium industry. DLE-R's ability to extract and refine lithium into battery grade lithium hydroxide or carbonate with no water or chemicals is a game changer, especially in the water-constrained Paradox Basin and Smackover Formation.'
McBeth continued: 'DLE-R's ability to do this completely independent of China marks a turning point for US critical minerals independence.'
McBeth is a graduate of the US Naval Academy and The Fletcher School of Law & Diplomacy at Tufts University.
About ElectraLith
ElectraLith is unlocking a green future with a clean, versatile and cost-efficient method of extracting and refining lithium, the fundamental element of a sustainable future. ElectraLith's cutting-edge DLE-R technology revolutionises the Direct Lithium Extraction ('DLE') and refining industry by extracting and producing battery-grade lithium hydroxide or carbonate in a single, scalable and modular step. As opposed to other DLE processes, DLE-R fully eliminates the need for water and chemicals and can run entirely on renewable energy. ElectraLith is based in Melbourne, Australia.
Person: Craig Regan
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Here's Why Micron (MU) is a Strong Momentum Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum. For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates. Idaho-based Micron Technology has established itself as one of the leading worldwide providers of semiconductor memory solutions. MU boasts a Momentum Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Micron has seen some interesting price action recently; the stock is up 6.9% over the past one week and up 32.4% over the past four weeks. And in the last one-year period, MU has lost 11.4%. As for the stock's trading volume, 18,061,174 shares on average were traded over the last 20 days. Momentum investors also pay close attention to a company's earnings. For MU, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.08 to $6.93 per share for 2025. MU boasts an average earnings surprise of 10.7%. With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding MU to their portfolios. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Micron Technology, Inc. (MU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
24 minutes ago
- Yahoo
VBTX Q1 Deep Dive: Deposit Remixing, Cost Control, and Cautious Loan Growth Shape Results
Texas-based bank holding company Veritex Holdings (NASDAQGM:VBTX) met Wall Street's revenue expectations in Q1 CY2025, with sales up 4.2% year on year to $110.2 million. Its non-GAAP profit of $0.54 per share was 5.2% above analysts' consensus estimates. Is now the time to buy VBTX? Find out in our full research report (it's free). Revenue: $110.2 million vs analyst estimates of $110.2 million (4.2% year-on-year growth, in line) Adjusted EPS: $0.54 vs analyst estimates of $0.51 (5.2% beat) Market Capitalization: $1.32 billion Veritex Holdings' first quarter results were well received by the market, as the company delivered revenue growth and exceeded Wall Street's non-GAAP profit expectations. Management attributed the quarter's performance to disciplined deposit remixing, tighter expense control, and continued balance sheet strength. CEO Malcolm Holland emphasized initiatives to reduce high-cost funding and increase lower-cost relationship deposits, while also highlighting stable credit metrics and rising tangible book value. Chief Financial Officer Terry Earley noted, 'Fee income continues to build momentum across every category. Increased attention to expenses is showing encouraging results, and loan production has increased meaningfully.' Looking forward, management is focused on maintaining net interest margin (NIM) stability through ongoing deposit repricing efforts and further investments in commercial banking talent, even as loan growth remains muted. The company expects loan production to translate into growth in 2026, while remaining cautious about payoff trends and broader economic uncertainties. Earley cautioned that, although expense discipline remains a priority, some increase is expected due to strategic hiring. Will Holford, Chief Operating Officer, pointed to growing momentum in government-guaranteed lending and fee income, stating, 'You don't see it all yet, but you can feel the momentum. We're not hanging on one area. Every single area is contributing.' Management attributed first quarter results to deposit portfolio remixing, cost reductions, and stable credit, while acknowledging continued headwinds from elevated loan payoffs and muted loan growth. Deposit Remixing Success: Veritex reduced its reliance on higher-cost brokered and public deposits, replacing them with lower-cost relationship deposits. This shift contributed to a decline in overall deposit costs and helped expand net interest margin, as highlighted by the management team during the call. Expense Discipline: Management maintained a strong focus on controlling non-interest expenses, resulting in a lower operating efficiency ratio. While some expense growth is anticipated due to ongoing investments in commercial banker hires, the company does not expect spending to return to previous high levels. Muted Loan Growth: Elevated loan payoffs continued to offset strong loan production, resulting in a net decrease in total loans during the quarter. Management views this as an industry-wide challenge and cited a robust loan pipeline that is expected to support growth in 2026. Stable Credit Quality: Chief Credit Officer Curtis Anderson noted improvement in criticized and past-due loans, with charge-offs remaining below forecast. The increase in non-performing assets was largely related to two specific loans in retail and office real estate, which are expected to reach resolution by early third quarter. Capital Actions and Shareholder Returns: The company increased its quarterly dividend by 10% and repurchased 377,000 shares, with minimal tangible book value dilution. Management remains opportunistic regarding further buybacks, particularly if shares trade below tangible book value. Veritex's outlook centers on navigating muted loan growth, maintaining NIM stability, and growing fee income through government-guaranteed lending and C&I expansion. Loan Growth Dependent on Production and Payoffs: Management expects loan growth to remain flat for the year, with the potential for expansion in 2026 as a substantial loan pipeline converts to funded balances. Elevated payoffs, particularly in commercial real estate, remain a key headwind. Net Interest Margin and Deposit Strategy: The company anticipates stable NIM through continued deposit repricing and remixing, even as interest rate uncertainty and repricing of maturing certificates of deposit present risks. A large portion of the deposit book carries short maturities, allowing Veritex to react quickly to rate changes. Fee Income and Government Lending Momentum: Management is optimistic about further growth in fee-based income streams, especially from Small Business Administration (SBA) and other government-guaranteed lending. Investments in specialized lending teams and treasury management are expected to diversify revenue and offset lower loan growth. In the coming quarters, our team will be watching (1) whether loan growth materializes as the current pipeline is funded and payoffs moderate, (2) the pace of deposit cost declines as CDs reprice and remixing efforts continue, and (3) further growth in fee income, particularly from SBA and government-guaranteed lending. Progress on credit resolution and expense management will also be key signposts. Veritex Holdings currently trades at $24.30, up from $22.09 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Yahoo
34 minutes ago
- Yahoo
Senate's Byrd Rule Upends Trump's ‘Big Beautiful Bill'
Senate Majority Leader John Thune (R-SD) listens during a press conference at the U.S. Capitol Building in Washington, DC, on June 10, 2025. Credit - Kayla Bartkowski—Getty Images She wasn't elected and she doesn't cast votes. But over the past week, Elizabeth MacDonough, the quietly powerful Senate parliamentarian, may have had more influence over Donald Trump's legislative agenda than anyone else in Washington. After meeting with Republicans and Democrats behind closed doors, MacDonough in recent days has significantly shrunk the size of the President's sweeping tax-and-spending package known as the 'One Big Beautiful Bill' by striking several measures that violated an arcane, decades-old Senate rule known as the Byrd Rule, which prohibits provisions considered 'extraneous' to the federal budget in the kind of legislation Republicans are trying to craft. One of the main GOP provisions the parliamentarian said did not satisfy the Byrd Rule was a measure to push some of the costs of federal food aid onto states, sending Republicans back to the drawing board to find the billions in savings that provision would have yielded. MacDonough also rejected measures to bar non-citizens from receiving SNAP benefits and one that would have made it more difficult to enforce contempt findings against the Trump Administration. MacDonough could issue additional guidance this week. The spate of rulings from the Senate parliamentarian, an official appointed by the chamber's leaders to enforce its rules and precedents, has significantly complicated the prospects of passing Trump's tax and spending bill by the July 4 deadline he imposed on Congress. Republicans have been scrambling for months to secure enough votes for Trump's megabill, which centers on extending his 2017 tax cuts and delivering on several of his campaign promises, such as boosting border security spending and eliminating taxes on tips. Support for the package has softened this month as more Republicans warn that it would add trillions of dollars to the deficit without further spending cuts. But the parliamentarian's latest rulings will force Republicans to either strip those provisions from the bill or secure a 60-vote supermajority to keep them in, a nearly impossible hurdle given that Senate Republicans only hold 53 seats. MacDonough ruled that some of the provisions have little business in a budget reconciliation bill, which can make big changes to how the federal government spends money but, under Senate rules, isn't allowed to substantively change policy. MacDonough's rulings came about after days of behind-the-scenes meetings between her office and Senate staff. They illustrate the often-overlooked power of Senate procedure—and the person tasked with interpreting it. MacDonough, a former Justice Department trial attorney and the first woman to ever serve as Senate parliamentarian, is Washington's ultimate rules enforcer. She was appointed in 2012 and has struck prohibited measures from reconciliation bills several times under both Republicans and Democrats. Now, the parliamentarian's rulings may force Republicans back to the drawing board just as they were hoping to finalize their legislative centerpiece. Here's what to know about the rejected measures. The Byrd Rule, adopted in 1985, is a procedural constraint named after the late Senator Robert C. Byrd of West Virginia to prohibit 'extraneous' provisions from being tacked onto reconciliation bills, which are fast-tracked budget packages that allow legislation to pass with a simple majority, bypassing the 60-vote filibuster threshold. The rule makes it so that every line of a reconciliation package must have a direct and substantive impact on federal spending or revenues. Provisions that serve primarily policy goals—rather than budgetary ones—are subject to elimination by a parliamentary maneuver known as a point of order. Whether a point of order is sustained is ultimately made by the parliamentarian, who is essentially the Senate's umpire tasked with providing nonpartisan advice and ensuring that lawmakers are complying with the Senate's rules. Parliamentarians often face backlash during the budget reconciliation process, when they determine whether policy proposals comply with the constraints of the Byrd Rule. MacDonough's rulings have invalidated a number of headline-grabbing GOP provisions, including a plan requiring states to pay a portion of food benefits—the largest spending cut for SNAP in the bill. The SNAP measure, which the parliamentarian said violated the Byrd Rule, would have required all states to pay a percentage of SNAP benefit costs, with their share increasing if they reported a higher rate of errors in underpaying or overpaying recipients. Some lawmakers warned their states would not be able to make up the difference on food aid, which has long been provided by the federal government, and could force many to lose access to SNAP benefits. Republican Sen. John Boozman of Arkansas, the chairman of the Agriculture Committee, said in a statement that he's looking for other ways to cut food assistance without violating Senate rules. Another rejected provision would have zeroed out $6.4 billion in funding of the Consumer Financial Protection Bureau, effectively shuttering the agency. The bureau was created by Democrats as part of the 2010 Dodd-Frank Act in the aftermath of the financial crisis as a way to protect Americans from financial fraud. Republicans have long decried the CFPB as an example of government over-regulation and overreach. 'Democrats fought back, and we will keep fighting back against this ugly bill,' said Senator Elizabeth Warren of Massachusetts, who said the GOP plan would have left Americans vulnerable to predatory lenders and corporate fraud. The Senate parliamentarian also blocked a GOP provision intended to limit courts' ability to hold Trump officials in contempt by requiring plaintiffs to post potentially enormous bonds when asking courts to issue preliminary injunctions or imposing temporary restraining orders against the federal government. Democrats hailed that decision by the parliamentarian, noting that it would have severely undermined the judiciary's ability to check executive overreach. Senate Democrats 'successfully fought for rule of law and struck out this reckless and downright un-American provision,' Senate Minority Leader Chuck Schumer said in a statement. MacDonough also nixed provisions to reduce pay for certain Federal Reserve staff, slash $293 million from the Treasury Department's Office of Financial Research, and dissolve the Public Company Accounting Oversight Board, which is tasked with overseeing audits of publicly traded companies. Each of these proposals, she ruled, either lacked sufficient budgetary impact or were primarily aimed at changing policy, not federal revenues or outlays. MacDonough also rejected language in the bill drafted by the Senate Environment and Public Works Committee that would have exempted certain infrastructure projects from judicial review under the National Environmental Policy Act. The rejected proposal would have allowed companies to pay a fee in exchange for expedited permitting, a move Republicans argued would streamline bureaucratic delays. Also disqualified was a measure to repeal the Biden Administration's tailpipe emissions rule for cars and trucks manufactured after 2027. MacDonough ruled that the environmental provisions were either insufficiently tied to federal spending or failed to meet the Byrd Rule's strict thresholds for inclusion. The parliamentarian's decisions could, in theory, be overturned. Senate Majority Leader John Thune of South Dakota has the authority to ignore her ruling by calling for a floor vote to establish a new precedent—essentially overruling the Senate's referee. Parliamentarians have been ignored in the past, though it is quite rare. In 1975, Vice President Nelson Rockefeller ignored the parliamentarian's advice as the Senate debated filibuster rules. MacDonough has been overruled twice before: in 2013, when Democrats eliminated filibusters to approve presidential nominees, and in 2017, when Republicans expanded the filibuster ban to include Supreme Court nominations. But Thune has signaled he has no intention of going down that path this time. 'We're not going there,' the Senate Majority Leader said on June 2 when asked by reporters about overruling MacDonough. Thune could also fire the Senate Parliamentarian and replace her with one willing to interpret the rules more in line with how Senate Republicans view them. Write to Nik Popli at
