Ecolomondo Stock Price, News & Analysis

Ecolomondo Corporation (TSXV: ECM, OTC: ECLMF) announced the ramp-up of production at its new Hawkesbury TDP facility. Following two successful initial batches using Reactor 1, the company has made enhancements to both Reactor 1 and 2. A recent test batch of 4,000 lbs with Reactor 2 resulted in a thermal processing time of 4½ hours, exceeding predictions. The company plans to operate both reactors simultaneously and aims for a processing capacity of 15,000 lbs per batch, ultimately reaching a target of three batches per day by June 2023. The facility can produce 5,300 tons of carbon black, 42,700 barrels of oil, and more. While management is optimistic, they acknowledge potential necessary adjustments during the ramp-up phase.

Ecolomondo Corporation (OTC: ECLMF) is preparing to ramp up operations at its new Thermal Decomposition Process (TDP) facility in Hawkesbury, after successful initial testing. Following a first batch of 1,600 lbs on January 11, the company completed a second test of 7,000 lbs on January 25. The facility aims to process up to 15,000 lbs per batch and produce significant quantities of recovered resources including 5,300 tons of carbon black and 42,700 barrels of oil annually. Full ramp-up to six batches per day is expected by June 2023.

Ecolomondo Corporation (TSXV:ECM) announced an upcoming investor webinar on March 15, 2023, at 4:00 PM EST. The event will be hosted by Emmy award-winner Ashleigh Barry and feature Eliot Sorella, Chairman and CEO, discussing the progress of the Hawkesbury Thermal Decomposition Process (TDP) facility and the Shamrock, Texas TDP facility. An interactive Q&A session will follow. The TDP technology, focused on recycling scrap tires into valuable commodities, aims to play a vital role in the circular economy, reducing CO2 emissions significantly. Registrants are encouraged to secure their spot early due to limited availability.

Ecolomondo Corporation (ECLMF) announced the successful completion of a second production run at its TDP facility in Hawkesbury on January 25, 2023, following an initial test with 1,600 lbs of scrap tire waste on January 11. The recent batch processed 7,000 lbs, marking the beginning of a ramp-up phase aimed at reaching payloads of 16,000 lbs per reactor. The facility aims to operate 330 days annually, producing 5,300 tons of recovered carbon black, 42,700 barrels of oil, and more. The efficient functioning of the thermal process has been confirmed, which bodes well for Ecolomondo's technology and future operations.

Ecolomondo Corporation (TSXV: ECM, OTC: ECLMF) has launched a new user-friendly website on January 23, 2023. The site enhances accessibility and provides real-time data for investors and stakeholders, reflecting the Company's vision and long-term goals. CEO Eliot Sorella highlighted the site’s focus on corporate values and ESG information. Additionally, a recent podcast discussed Ecolomondo's 2022 achievements and future plans for its proprietary Thermal Decomposition Process (TDP), which aims to support a circular economy and reduce carbon emissions by up to 90%. The Company’s facilities will significantly lower CO2 emissions, with reductions of 22,400 and 67,200 tons per year.

Ecolomondo Corporation (TSXV: ECM, OTC: ECLMF) announced the successful closure of a private placement on January 16, 2023, raising $1,000,051.60. The placement involved issuing 2,222,336 units at $0.45 each, comprising one common share and a purchase warrant. The warrants allow for purchasing additional shares at $0.55 for six months post-closure. A related party, 3212521 Canada Inc., controlled by CEO Eliot Sorella, acquired 852,225 units. Proceeds will be allocated towards working capital and completing the Hawkesbury TDP facility, enhancing Ecolomondo's waste-to-resource technology.