Green Equity - December 2, 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
Northstar Clean Technologies Inc. (ROOF.V) has signed a non-binding letter of intent with Great Lakes Port Management for a 15-year lease on industrial property in Hamilton, Ontario. This site will house Northstar's planned Empower Hamilton Facility, designed to process 40,000 to 80,000 tonnes of asphalt shingle waste annually. Located on repurposed industrial lands, the site offers multimodal transport access and proximity to key industry partners. Northstar plans to begin permitting, grant applications, and feedstock and off-take agreement negotiations in early 2025.
Cielo Waste Solutions (CMC.V) has sold its Aldersyde Property, related equipment, and Thermal Catalytic Depolymerization (TCD) technology for $3.9 million to eliminate a $2.6 million mortgage loan and refocus on advanced Licensed Technologies acquired in 2023. This strategic move allows Cielo to concentrate on its BioSynfuels® business and expand its Carseland Facility using more advanced, market-ready technologies.
Pryme N.V. (PRYME) has updated projections for its Pryme One demonstration plant, now expected to reach full usable capacity by the end of 2025 and achieve positive EBITDA at the plant level by 2026. To address liquidity challenges and fund engineering for the planned Pryme Two plant, Pryme aims to raise €8-10 million.
Ecolomondo Corporation (ECM) is enhancing its tire recycling operations with a new milling line to boost recovered carbon black (rCB) output and meet client requirements. The company has also improved its tire shredding process, increasing crumb rubber production to support reactor efficiency.
Enviri Corporation (NVRI), in partnership with its subsidiary ALTEK, REAL ALLOY, and the U.S. Department of Energy, is developing a zero-waste aluminum salt slag recycling facility in Wabash, Indiana. This first-of-its-kind project advances the U.S. aluminum industry's sustainability goals and contributes byproducts for reuse in industries like cement and steel.
BluSky Carbon Inc. (BSKY.CN) is launching a public offering of up to 6,000,000 units at $0.50 per unit, targeting gross proceeds of $3 million. Each unit includes one common share and half a warrant, with warrants exercisable at $0.65 for 24 months. Proceeds will support working capital and corporate purposes.
dynaCERT (DYA) has reported strong growth with repeat and new orders for its HydraGEN™ technology across regions like Western Canada, Australia, Brazil, and Mexico, serving mining and oil & gas industries. Significant deals include 114 HG1 units in Western Canada and expanded use in South America and Australia for mining operations.