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Loop Industries Announces MOU For US$66 Million of Non-Dilutive Financing from Reed Management, as Part of a Joint Venture for European Infinite Loop(TM) Technology Roll-Out
Loop Industries, Inc. has announced a non-binding Memorandum of Understanding with Reed Management for a strategic partnership to commercialize Loop's technology in Europe. The partnership includes a joint venture and financing of €60 million in non-dilutive capital from Reed. The press release details the investment structure and the potential impact of the partnership on Loop's strategic development and shareholder value. -
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Loop Industries annonce la signature d'un protocole d'accord pour un financement non dilutif de 66 millions de dollars Américains avec Reed Management, dans le cadre d’une coentreprise pour le déploiement d’Infinite Loop(mc) en Europe
Loop Industries, Inc. annonce un partenariat stratégique avec Reed Management pour le déploiement de sa technologie en Europe. Ce partenariat permettra de financer la commercialisation de la technologie de Loop en Europe -
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Loop Industries Reports Third Quarter Fiscal 2024 Results and Provides Updates on Business Developments
Loop Industries, Inc. (Nasdaq:LOOP) announced a non-binding Memorandum of Understanding with Reed Management for US$66 million in non-dilutive financing as part of a joint venture to roll out Loop's technology in the European market. The JV aims to commercialize Loop's technology in Europe and will provide funding for the development of projects, including the construction of an Infinite LoopTM plant in Saint-Avold, France. The partnership allows Loop Industries to reduce the funding needs for its equity contributions and receive royalty and engineering fees directly from the planned facilities in Europe. The non-binding MOU is subject to customary due diligence and is expected to close by the end of March 2024. Loop's CEO, Daniel Solomita, expressed excitement about the partnership and the potential for Loop's groundbreaking technology as global brands adapt to increasingly stringent regulatory requirements for plastic recycling. -
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Carbon Capture & Utilization Pioneer Blue Planet Systems Announces New Strategic Funding to Advance Commercialization of Technology
Blue Planet Systems Corporation has announced the completion of new funding and a strategic collaboration with Marathon Petroleum Corporation to advance the commercialization of its Geomimetic® mineralization approach, which sequesters and permanently stores CO2 in synthetic limestone aggregate. The funding and collaboration will support the enhancement of production and technology readiness level of Blue Planet's carbon mineralization facility on the San Francisco Bay. This technology is seen as a critical alternative to traditional carbon capture approaches, as it mimics the low energy chemistry in nature responsible for the formation of limestone. -
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Kingsway Publishes Updated Investor Presentation To Company Website
Kingsway Financial Services Inc. has announced the publication of a new investor presentation on its website, offering insights into the company's business, industry, and financials. The presentation can be accessed via the investor relations section of the Company's website. Kingsway is a holding company with subsidiaries in the extended warranty and business services industries, listed on the NYSE under the symbol 'KFS'. For media and company inquiries, contact details are provided in the press release. -
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Ur-Energy to Present January 31, 2024, at The Microcap Conference in Atlantic City
Ur-Energy Inc. is excited to announce that its Chairman and CEO, John Cash, will be participating in The Microcap Conference at Caesar's Atlantic City Hotel and Casino on January 30-31 and February 1, 2024. Mr. Cash will provide an update on production operations at the Lost Creek ISR uranium mine site, the company's sales contract book, and the current uranium market. Attendees are invited to register and join Mr. Cash's presentation at the conference to learn more about the company's activities. -
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CORRECTION; From Icon to Actress: Denise Matthews' Life Story to Hit the Big Screen with Nova Yara in the Lead
Actress Yara Nova, also known as 'Nova', has been chosen to play the role of Denise 'Vanity' Matthews in an upcoming biopic. Directed by Matthews herself, the film promises an in-depth look into her life, including her tumultuous relationship with musician Prince. Nova's unwavering dedication to the role will bring a powerful and provocative tale to the screen, filled with high profile characters and exciting events. -
COMMUNIQUÉ DE PRESSE
United Association Local 250 Endorses Efren Martinez
Efren Martinez, a candidate representing South Los Angeles, has gained a significant endorsement from the United Association Local 250, a prominent union. The endorsement showcases Martinez's dedication to economic growth and well-being. His campaign has also garnered support from numerous elected officials, unions, and organizations. -
