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Ecolomondo Corp - ECLMF STOCK NEWS

Welcome to our dedicated news page for Ecolomondo (Ticker: ECLMF), a resource for investors and traders seeking the latest updates and insights on Ecolomondo.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ecolomondo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ecolomondo's position in the market.

Rhea-AI Summary
Ecolomondo Corporation (ECM) announces additional funding of $1 million and conversion of previous loans totalling $3,498,853 into voting common shares. The controlling shareholder intends to advance a further $1 million with an 8.5% interest rate, constituting a related party transaction under MI 61-101. This demonstrates the commitment of the controlling shareholder.
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Ecolomondo Corporation (ECM) Restructures Loan Agreement with Export Development Canada (EDC) to Complete Hawkesbury TDP Facility
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Ecolomondo Corporation (ECM) announces an agreement in principle to restructure its original loan agreement with Export Development Canada, postponing principal and interest payments to December 2023. The restructured loan facility will allow the Company to bring the new Hawkesbury TDP facility to commercial operations.
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Ecolomondo Corporation (ECM) released its unaudited consolidated financial statements and management discussion and analysis for the nine-month period ended September 30, 2023. The company reported revenues of $105,486, a loss for the quarter of $511,354, and capital expenditures for the Hawkesbury TDP turnkey facility totaling $46,234,419. Ecolomondo also gained significant headway in production ramp-up at its Hawkesbury facility and continued preparations for the construction of its Shamrock, Texas, TDP turnkey facility. The company secured a further advance of $1,000,000 from a company under common control and filed an application for listing on the OTCQB Markets under the symbol 'ECLMF' in the United States. Ecolomondo also entered into amending agreements to the original loan agreement with Export Development Canada to postpone principal and interest payments to November 30, 2023.
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Ecolomondo Corporation has concluded an Amending Agreement to its original loan agreement with Export Development Canada. The agreement allows for the postponement of principal and interest payments to November 30, 2023 as the company continues to work towards bringing its new Hawkesbury TDP facility to commercial operations. The facility is now capable of processing industrial quantities of end-of-life tires and producing sustainable quality products.
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Ecolomondo files application for listing on OTCQB Markets
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Ecolomondo expands leadership team for its Hawkesbury TDP facility, fully funded $45 million construction costs. Facility expected to process 12,786 metric tons of scrap tires per year. Positive revenue streams from sale of end-products. Mr. Sethi brings experience in process optimization. Mr. Mehta joins as Executive Assistant. Mr. Mynampati to focus on international sales.
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Ecolomondo Corporation has retained Independent Trading Group (ITG) for market making services, aiming to improve liquidity and maintain a reasonable and orderly market. The agreement is for one month and will renew for subsequent one-month terms, with a fee of $5,000 per month. ITG will be responsible for the costs of buying and selling the Company's shares. No concrete positive or negative business takes were identified.
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Ecolomondo Corporation has reached an Amending Agreement to its loan agreement with Export Development Canada, allowing for the postponement of principal and interest payments. The agreement confirms EDC's support of Ecolomondo's Hawkesbury TDP turnkey plant.
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Ecolomondo releases unaudited financial statements for Q2 2023, with a loss of $379,897 compared to $365,406 in 2022. Capital expenditures for Hawkesbury facility reach $44,677,910. Positive cash flows expected in Q1 2024. ISCC certification obtained for Hawkesbury facility. Shamrock facility budgeted cost estimated at $93 million.
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Ecolomondo Corp

OTC:ECLMF

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15.56M
79%
Facilities Support Services
Administrative and Support and Waste Management and Remediation Services
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Canada
Saint-Laurent