Green Equity - January 13, 2025
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
Mosaic (MOS) is selling its Brazilian phosphate mine and tailings dams in Patos de Minas to Fosfatados Centro for $125 million over six years, aligning with its strategy to divest non-core assets and focus on higher-return investments. The sale supports Brazil's National Fertilizer Plan, aimed at boosting domestic production.
Greenwave Technology Solutions (GWAV) has announced a $4 million offering through a combination of a registered direct offering and a private placement, selling approximately 7.5 million shares of common stock with warrants at $0.5302 per unit. The offering, set to close on January 14, 2025, aims to address debt and support working capital.
Fusion Fuel Green PLC (HTOO), an energy engineering and advisory solutions firm, has secured $1.28 million through senior convertible notes and established a $25 million equity line of credit to bolster its liquidity and fund strategic growth initiatives. The funds will support the company's expansion, including scaling its Al Shola Gas business and launching its BrightHy solutions platform, reinforcing its position in the energy services sector.
Tidewater Renewables (LCFS.TO) has completed the sale of its stake in the Rimrock Renewables Limited Partnership to Biocirc Canada Holdings, a renewable natural gas developer. The deal, valued at $7.8 million, includes $4.7 million received at closing and up to $3.1 million contingent on post-closing conditions by December 30, 2025. Proceeds from the sale will be used to reduce debt on Tidewater's senior credit facility.