Green Equity - December 27, 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
Abaxx Technologies (ABXX) has increased its stake in MineHub Technologies (MHUB) from 10.83% to 19.87% by acquiring 8,810,000 additional shares. The shares are held for investment purposes, though Abaxx reserves the right to adjust its holdings based on market conditions and MineHub's business outlook.
NANO Nuclear Energy (NNE) has acquired key assets from Ultra Safe Nuclear Corporation (USNC) for $8.5 million through a Chapter 11 bankruptcy auction. This includes their patented Micro Modular Reactor (MMR) system, which can produce up to 45 MW of power, and the Pylon reactor, designed for various applications including terrestrial and space deployments.
Electric Royalties (ELEC.V) announced that Green Technology Metals has received a letter of interest from Export Development Canada (EDC) for up to C$100 million in financing to support the Seymour Lake Lithium Project in Ontario, where Electric Royalties holds a 1.5% net smelter royalty. This financing, which is part of a broader strategy to secure diversified funding, could accelerate the project's development and position it as Ontario's first lithium producer.