What changed in this filing

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Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2025-03-13 compared with 2024-03-13 · 57 added, 28 removed, 49 unchanged (63% of the section changed)

13 unchanged sentences

for our services;

government shutdown or additional continued resolution;

waste shipment by government related customers;

opportunities

in the level of government funding in future years;

business is positioned for improvement in 2025;

of operations improvement in 2025;

of initiatives to be further realized in 2025;

of scope attributable to the Company under the West Valley Development Project contract;

of the West Valley Development Project;

Tank Waste and benefits of supplemental capability;

operating costs and non-essential expenditures;

to meet loan agreement quarterly covenant requirements;

relating to the West Valley Development Project;

to meet loan agreement quarterly financial covenant requirements;

priorities under new Administration;

of the 2025 fiscal year U.S.

government budget;

flow requirements;

of remaining Canadian receivable upon completion of conditions/terms of the settlement agreement in 2024;

liquidity to fund operations for the next twelve months;

revenue under the Italian project;

results of operations and liquidity;

of macroeconomic concerns, such as inflation and higher interest rates, on our business;

cash flow and Liquidity to fund operations for the next twelve months;

of international waste shipments in 2025;

of capital expenditures;

under the Italian project;

in which the applicable government will be required to spend funding to remediate various sites;

of non-binding partnership agreement with Springfields Fuels Limited;

on international bids;

increases in operating costs;

of capital expenditures from cash from operations, collections of unpaid receivables, borrowing availability under our credit facility

and/or financing;

improvement in waste shipments and work under projects in 2024;

of operating and capital expenditures from cash from operations, Liquidity under our Credit Facility, and/or financing;

PFAS technology process will exceed current treatment options available;

of an additional 20,000 AFFF liquid;

of the second generation unit;

for our System;

of our PFAS technology;

of remediation expenditures for sites from funds generated internally;

with environmental regulations;

effect of being a PRP;

for procurements from DOE and other government agencies;

effect of being a potentially responsible party (“PRP”);

violations of environmental laws and attendant remediation at our facilities;

ability to effect increases in the prices of the services we offer.

the Company believes the expectations reflected in such forward-looking statements are reasonable, it can give no assurance such

expectations will prove to be correct.

There are a variety of factors which could cause future outcomes to differ materially from

those described in this report, including, but not limited to:

economic conditions;

financial covenant requirement for the next twelve months.

the Company believes the expectations reflected in such forward-looking statements are reasonable, it can give no assurance such expectations

will prove to be correct.

There are a variety of factors which could cause future outcomes to differ materially from those described

in this report, including, but not limited to:

economic conditions and uncertainties;

bids, including international markets;

reduction in revenues;

dependence on contracts with federal, state and local governments, agencies, and departments for the majority of our revenue;

in federal government budgeting and spending priorities;

by Congress or other governmental bodies to approve budgets and debt ceiling increases in a timely fashion and related reductions

in government spending and/or a government shutdown;

uncertainties

relating to the new presidential administration (the “Administration”) and failure of the Administration to spend Congressionally

mandated appropriations, which may result in the failure to realize the full amount of our backlog;

of the Administration and Congress to agree on spending priorities, which may result in temporary shutdowns of non-essential federal

functions, including our work to support such functions;

of routine and non-routine government audits and investigations, including the unpredictability of the actions of the newly-formed

to meet PNC covenant requirements;

10 unchanged sentences

in federal, state and local laws and regulations, especially environmental laws and regulations, or in interpretation of such;

to obtain permits for TSD activities or licensing requirements to handle low level radioactive materials are limited or lessened;

to obtain permits for treatment, storage and disposal (TSD) activities or licensing requirements to handle low level radioactive

materials are limited or lessened;

retention and development;

4 unchanged sentences

the Company under the contracts or subcontracts;

failure of joint venture partner to perform its requirements in connection with the Italian project;

failure to approve 2024 budget by the U.S.

partial government shutdown;

Changes in the scope of work relating to existing contracts;

occurrence of an event similar to COVID-19 having adverse effects on the U.S.

of our Italian team partner to perform its requirements in connection with the Italian project;

in the scope of work relating to existing contracts;

of an event similar to COVID-19 having adverse effects on the U.S.

and world economics;

4 unchanged sentences

to increase profitable revenue;

uncertainties;

resulting from expanding our service offerings and client base;

non-acceptance

of our new technology;

to our valuation allowance;

governmental regulations;

factors contained in Item 1A of this report.

forward-looking statements are based on the beliefs and assumptions of our management and the information available to our management

at the time these statements were prepared.

Although we believe the expectations reflected in these statements are reasonable, we cannot

guarantee future results, levels of activity, performance, or achievements.

You should not place undue reliance on these forward-looking

statements, which apply only as of the date of this Annual Report on Form 10-K.

We undertake no obligation to update these forward-looking

statements, even if our situation changes in the future.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk