Green Equity - December 17, 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
Casella Waste Systems (CWST) has priced up to $45 million in solid waste disposal revenue bonds through the Finance Authority of Maine, with a 4.625% interest rate fixed until 2035 and maturity on December 1, 2047. The proceeds will fund qualifying capital projects in Maine, cover issuance costs, and refinance the 2005 bonds.
CHAR Technologies (YES.V) provided updates on key projects for December 2024:
The Synagro PFAS Elimination Project is nearing completion, marking CHAR Tech's first high-temperature pyrolysis deployment in the U.S.
The Thorold Renewable Energy Facility is progressing with equipment delivery and installation, targeting commercial biocoal production in 2025.
CHAR Tech continues to secure biocarbon offtake agreements with major industries, supporting future developments like the Lake Nipigon Forest Renewable Energy Facility, which is set to begin construction in 2025 following the completion of its engineering phase.
Silver Crown Royalties (SCRI.NE) will acquire up to a 15% royalty on silver production from PPX's Igor 4 project in Peru for $2.47 million. An initial $1 million payment will secure a 6% royalty, increasing to 15% with a second $1.5 million payment within six months. The funds will help PPX complete a 250 t/day processing plant. The royalty, delivering a minimum cash equivalent of 14,062.5 oz of silver per quarter, will end after 225,000 oz is delivered. SCRI expects annual silver production to reach 80,000 oz by late 2025.