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Coronavirus Update • AMG regrets to inform you that on July 15 , 2021 , AMG experienced its first COVID related fatality among its more than 3,000 employees since the beginning of the pandemic . Active cases at AMG have receded to a very low level . We continue to apply all safety measures at our disposal with the highest degree of attention in order to ensure our employees are working in the lowest risk environment possible . Strategic Highlights The construction of AMG Vanadium's second spent catalyst recycling facility in Zanesville , Ohio , AMG's largest capital project , is proceeding as planned . In Nuremberg , Germany , AMG Titanium Alloys & Coatings has started the construction of a plant to produce vanadium electrolytes from spent catalysts , targeting the vanadium battery market . AMG Engineering is building AMG's first industrial battery , a Hybrid Lithium Vanadium Redox Flow Battery System for use in one of our operating units to flatten production - driven spikes in electricity demand and thereby reduce CO2 emissions and energy costs . The new all - solid - state - battery ( ASSB ) materials pilot plant of AMG Lithium in Frankfurt , Germany , has provided samples to all of the major battery manufacturers working on the emerging transformation to ASSB technology . Financial Highlights ● ● ● AMG AMG ADVANCED METALLURGICAL GROUP N.V. REPORTS SECOND QUARTER 2021 RESULTS ● ● Revenue increased by 44 % to $ 298.4 million in the second quarter 2021 from $ 207.6 million in the second quarter 2020 . EBITDA was $ 31.4 million in the second quarter of 2021 , over four times higher than second quarter 2020 EBITDA of $ 7.8 million , marking the fourth straight quarter of sequential improvement . Cash from operating activities was $ 23.0 million in the second quarter of 2021 , and $ 42.9 on a year - to - date basis , more than double the total cash from operating activities for full year 2020 . Net income attributable to shareholders was $ 3.6 million in the second quarter of 2021 compared to a net loss of $ 12.5 million in the second quarter of 2020 . AMG's liquidity as of June 30 , 2021 , was $ 511 million , with $ 341 million of unrestricted cash and $ 170 million of revolving credit availability . 1