As you may know, there have been recent negative articles written about alleged South American activities of three former employees of NTR Metals Miami, LLC, an indirect subsidiary of Elemetal, LLC. Provident is partially owned by Elemetal.
In light of this media, I want to give you an update on Provident’s status. For over a year, Elemetal and Provident have been seeking a new business partner for Provident in its next chapter of growth. In late 2016, I found a new partner and we are currently moving forward to effectuate an agreement.
As always, Provident looks forward to continuing to serve you well during this transition and the many exciting years to come. And we wish Elemetal the very best.
President and CEO