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Clean energy solutions provider Gentari, through its subsidiary Gentari Renewables India Castor One Private Ltd and AM Green Ammonia India Private Ltd (AMG Ammonia) have recently executed a firm and binding Power Purchase Agreement.
The first in Brazil, Yara now produces ammonia made from renewable biomethane and has already delivered the first tonnes of lower carbon product to its customers.
This funding, with existing commitments from a dedicated long-term shareholder and new investors, including Manitoba-based farmers, will allow the company to complete the final phase of pressure vessel certification, secure third-party engineering certifications, and move forward with the final step: connecting the system to Manitoba's green grid.
11 950 000 stock options announced at the price of US$0.065 per share and are exercisable for a period of 5 years.
The company's president and CEO for the past 7 years, is expected to leave the company in early 2025, following both the appointment of a replacement and a formal transition.
The fundraising was led by Shard Capital Partners LLP (Shard). The net proceeds of the fundraising will primarily support the company as it looks at its various options with respect to the dispute with the Moroccan Government.
The company and Banco Angolano de Investimentos, S.A. (Banco BAI), Angola’s largest commercial bank, signed a final term sheet in relation to a US$12 million term loan.
The catalyst is performing successfully at Sichuan Lutianhua's nitric acid plant and is projected to reduce annual emissions by 275 000 of CO2e.
The project would produce an annual average of 900 000 t of beneficiated phosphate concentrate at 40% P2O5 content and 380 000 t of magnetite at 92% Fe2O3 content over a 23-year mine life.
Minbos Resources reports that initial site reconnaissance underway with mobilisation to site this month.
This transformative US$2 billion fertilizer plant project reflects the commitment of OPAIA Group to the Southern African country’s industrial and agricultural development.
New director brings agriculture and fertilizer experience to the AgTech company, Pivot Bio.