Green Equity - July 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
ClearSign Technologies (CLIR), a leader in industrial combustion and sensing technologies, has received an initial engineering 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. This project, the company's largest process burner order to date, includes computational flow simulations and physical testing for performance optimization. The project is expected to be completed by the second half of 2025.
Stallion Uranium has returned the Richmond Mountain gold project in Nevada to Bronco Creek Exploration after unsuccessful drilling results. Bronco Creek is a subsidiary of EMX Royalty (EMX). Despite the potential of the Battle Mountain-Eureka Trend, known for rich mineral deposits, Stallion's exploration did not yield significant findings.
Vicinity Motor (VEV), an electric vehicle supplier, has closed a $2.5 million financing deal. It is issuing 4,807,692 common shares and warrants for another 4,807,692 shares at a combined price of $0.52 each.