Green Equity - November 25, 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
Ecolomondo Corporation (ECM.V) has obtained a $2 million credit facility from Export Development Canada to enhance its Hawkesbury subsidiary's tire recycling operations. The funding will support the acquisition of new milling equipment and operational improvements, with disbursements scheduled over the next eight months.
NANO Nuclear Energy (NNE) has announced a $60 million private placement with three accredited institutional investors, boosting its cash reserves to over $120 million. This funding will expedite the development of its portable nuclear microreactor technologies, auxiliary businesses, potential acquisitions, and growth toward initial revenue generation. The transaction involves the issuance of 2.5 million shares of common stock and five-year warrants for an additional 2.5 million shares, with closing expected on November 27th, 2024.
DevvStream's (DEVS) Monroe Sequestration Facility in northern Louisiana is set to become one of the largest carbon storage projects in the U.S., with a capacity of 260 million metric tons of CO2. The project will be supported by 45Q tax credits and voluntary carbon markets.