Birchtech launches $5 million share repurchase program

Birchtech Corp., based in Corsicana, Texas, has announced a new share repurchase program. The company plans to buy back up to $5 million worth of its common stock. CEO Richard MacPherson expressed confidence in the company's strategy and future potential. He stated that the share repurchase decision comes from strong cash flows expected from recent intellectual property successes and licensing deals. The repurchase may begin in the second half of 2025 and will allow Birchtech to return capital to shareholders while maintaining its financial flexibility. Purchases will be made at management's discretion using various methods, including open market transactions or negotiated trades. The company aims to strengthen its capital structure and support upcoming initiatives, such as launching its new water purification business. Birchtech specializes in air and water treatment technologies, focusing on sustainability and innovative solutions for pollution issues.