Green Equity - September 11, 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
Casella Waste Systems (CWST) is acquiring Royal Carting and Welsh Sanitation, expanding into New York's Hudson Valley and western Connecticut, adding $90 million in annual revenues. The acquisition enhances Casella’s service territory and aims to internalize waste volumes into its existing landfills.
NANO Nuclear Energy (NNE) has signed an agreement with GNS to develop an optimized transportation system for HALEU nuclear fuel types, including uranium oxide, TRISO particles, and molten salt reactor fuel.
PureCycle Technologies (PCT) has raised $90 million through transactions with Sylebra Capital Management and Samlyn Capital, including $50 million in Series A Preferred Stock, a $40 million common stock sale, and warrants for additional shares. PureCycle's Ironton Facility has made significant production progress, reaching feed rates of over 10,000 pounds per hour and processing over 200,000 pounds daily.
Crown LNG Holdings (CGBS) has issued a corporate update highlighting its strategic focus on advancing projects toward commercialization and capitalizing on rising LNG demand in harsh weather locations. The company is targeting FID on two projects in Q3 2025 and Q2 2025. Crown LNG is also exploring strategic acquisitions to generate near-term revenue and expand its capabilities in the LNG value chain, including potential liquefaction export facilities in the U.S. and Canada.
MustGrow Biologics (MGRO) has received approval from the Florida Department of Agriculture and Consumer Services to market its organic biofertility product, TerraSante, in Florida. TerraSante is derived from mustard plants and focuses on enhancing soil and soil microbiome health, while boosting plant yields- all without artificial additives. This approval aligns with MustGrow’s broader commercialization strategy, building on existing certifications in Arizona, Idaho, Oregon, and Washington, with plans to expand to other U.S. states.
Centrus Energy (LEU) has secured a long-term supply commitment from Korea Hydro & Nuclear Power (KHNP) to support new uranium enrichment capacity at its American Centrifuge Plant in Ohio. This agreement is part of Centrus' $1.8 billion in contingent sales commitments, contingent upon securing necessary investments.
Yes I was looking at where they we’re with their cycle. I couldn’t find anything in my brief look about margin for the facility projections, just tonnage etc. For me with Aduro one of the key components is margin, if they can deliver as per their corporate slides the healthy margins they say and their feasibility stacks up it will be very exciting.
Also having a look at PureCycle around 10% plus is owned by passive ETF’s, eventually with Aduro it may be the case they may attract some of these funds.
But loving your email series by the way, its my morning coffee read.
Fascinated to see PureCycle today, thanks for this link. Had a look through their website and took a closer look. The market certainly liked their finance raise today. Will be very interesting with Aduro over this next period.