Green Equity - October 14, 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
BluSky Carbon (BSKY) has announced a joint venture with Red Mountain Biochar, forming a new entity called BluMountain Carbon. This collaboration aims to commercialize biochar production and explore carbon removal technologies, focusing on opportunities in the Southern United States. Both companies will fund the joint venture activities equally and work together on various projects.
LanzaTech (LNZA) is expanding its biorefining platform to produce nutritional protein, a sustainable microbial protein created through its gas fermentation process. Lanza’s protein is a nutrient-rich alternative to traditional proteins, requiring less land and water while addressing food security challenges. The company is progressing the technology from pilot operations to the engineering phase for commercial-scale production, with a facility expected by 2026 and full-scale production by 2028.
EMX Royalty Corporation (EMX) has repurchased two million shares at C$2.05 per share, totaling C$4.1 million (US$3.0 million) through its Normal Course Issuer Bid (NCIB). Since launching the NCIB in February 2024, the company has bought 2,805,346 shares for approximately C$6.0 million at an average price of C$2.15.
Dragonfly Energy (DFLI) has recently introduced its Dragonfly IntelLigence™ smart battery technology for heavy-duty trucking. This patent-pending system provides real-time monitoring and app-based connectivity, allowing drivers and fleets to track their battery systems at both the individual and overall system levels. Dragonfly IntelLigence is designed to complement the company's All-Electric Auxiliary Power Unit, improving cost efficiency for truck operators. Public availability is expected by the end of 2024.