Related Parties

6 Months Ended

Jun. 30, 2021

Related Parties [Abstract]

Related Parties

Note 15 – Related Parties

The following persons are owners of Fasemex: Jesus Gil, VP Operations and director of the Company; and Alejandro Gil, sibling of Jesus Gil. Fasemex provides steel fabrication services to the Company and is the lessor for the Company’s leased facility in Castaños. The Company paid $13.4 million and $18.1 million to Fasemex during the three and six months ended June 30, 2021, respectively, related to rent payment, security deposit, fabrication services and royalty payments. Distribuciones Industrials JAS S.A. de C.V. (“Distribuciones Industrials”) is owned by Alejandro Gil, sibling of Jesus Gil, and Salvador Gil, an immediate family member of Jesus and Alejandro Gil. The Company paid $0.5 million and $0.9 million to Distribuciones Industrials related to material and safety supplies during the three and six months ended June 30, 2021, respectively. Maquinaria y equipo de transporte Jova S.A. de C.V

is owned by Jorge Gil, sibling of Jesus and Alejandro Gil. The Company paid $0.3 million and $0.4 million to Maquinaria y equipo de transporte Jova S.A. de C.V related to trucking services during the three and six months ended June 30, 2021, respectively.

The Company paid $0.5 million to the Warrantholder in relation to the Amendment described in Note 8 Debt Financing and Revolving Credit Facilities during the three and six months ended June 30, 2021. The Company paid $1.4 and $2.6 million to the Warrantholder during the three and six months ended June 30, 2021, respectively, for term loan interest.