Green Equity - August 9, 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
EMX Royalty (EMX) has successfully completed the closing and drawn down a $35 million loan from a subsidiary of Franco-Nevada Corporation. This loan, secured under a senior term loan facility, will be used primarily to repay a $34.42 million loan from Sprott Resource Lending Corp. and to cover general working capital needs. The agreement also includes provisions for voluntary prepayment of up to $10 million annually without penalty.
ClearSign Technologies (CLIR) received an order from Birwelco USA to retrofit four process heaters with 26 ClearSign burners at a Gulf Coast facility of a Fortune 500 global chemical company. The project will be executed in phases, with final delivery expected by the second half of 2025.
BluSky Carbon (BSKY) has entered into a binding letter of intent to acquire all shares of Carbon Alliance Group, a company involved in carbon removal and clean technology. The acquisition aims to leverage Carbon Alliance's expertise, industry contacts and established feedstock pipeline for biomass pyrolysis operations. The deal includes a CAD$20,250 cash payment, CAD$275,000 in company shares, and a share of future profits from biochar production facilities.