Green Equity - October 26, 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.
Note: Apologies for the late release.
News From Public Companies
Base Carbon (BCBN) has received a second transfer of 1,014,635 Article 6 Authorized labeled carbon credits from its project in Rwanda, bringing its total inventory from the project to 1,712,193 credits.
Electra Battery Materials (ELBM) has secured a $5 million financing to support early-stage activities at its Ontario Refinery and general corporate needs. The financing includes $4 million in convertible notes with a 12% interest rate and $1 million in common shares, along with warrants for future share purchases.
BluSky Carbon (BSKY) has partnered with Scotia BioChar to supply biochar pyrolysis equipment for producing biochar from waste wood biomass in Eastern Canada. This collaboration, formalized through a master services agreement, will enable scalable biochar production with applications in mine reclamation, agriculture, and environmental remediation.
Polar Power (POLA) has completed the installation of a modular microgrid system at a UNHCR facility in Nigeria, designed to provide reliable power and reduce fuel costs by up to 70%. Polar Power aims to expand this technology to other UN sites and global organizations needing sustainable, resilient power solutions.
Price Targets & Reports
UBS has downgraded Nutrien (NTR) from a Buy to a Neutral rating, citing challenges in the agriculture market that could impact product demand.