Green Equity - August 29, 2024
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
BQE Water (BQE) has been selected to design and build a water treatment plant for the Valley Tailings Facility closure in Yukon, Canada. The plant will operate seasonally for about six years. It aims to treat heavy metals in water, address environmental concerns, and aid in the cleanup of historical mine sites.
Uranium Royalty Corp (UROY) has renewed its at-the-market equity program (ATM Program), allowing the company to sell up to $39 million of common shares. The shares will be sold at the prevailing market price, with proceeds intended to fund the acquisition of additional royalties, streams, physical uranium, and similar interests, as well as for working capital.
RE Royalties (RE) has completed the initial closing of its private placement of Series 4 senior secured green bonds, raising CAD $3.8 million. These green bonds, with a five-year term and 9% annual interest rate, are secured against the company's portfolio of royalty and loan investments, and proceeds will be used to finance renewable energy projects aligned with the Green Bond Principles.
Nickel 28 Capital (NKL) has repurchased 230,000 of its common shares for CAD $172,110 as part of its share buyback program, intending to enhance shareholder value during challenging market conditions for nickel and cobalt. The buyback was executed under the company's normal course issuer bid (NCIB) through the TSX Venture Exchange.
Ghana has signed an agreement with NuScale Power (SMR) to deploy a NuScale VOYGR-12 small modular reactor as the country moves toward its first nuclear power plant. Ghana aims to enhance its energy security and support economic development.