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Ecolomondo Corporation reports developments in sustainable scrap tire recycling through its proprietary Thermal Decomposition Process, or TDP. Company news centers on the Hawkesbury TDP facility, production ramp activity, revenues from recovered end-products, and customer demand for recovered carbon black, oil, gas and steel produced from scrap tire waste.
Recurring updates also cover offtake activity, tipping-fee revenue, project financing and loan amendments, shares-for-debt and shareholder funding transactions, interim financial statements, market-making arrangements, governance topics and the company’s public-market status on the TSX Venture Exchange and OTCQB under ECLMF.
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.
Ecolomondo Corporation (TSXV: ECM, OTC: ECLMF) has successfully processed its first thermal decomposition batch at the new Hawkesbury TDP facility, marking a significant milestone in the commercialization of its proprietary Thermal Decomposition Process (TDP). The batch, conducted on January 11, 2023, achieved flawless execution, confirming the operational readiness of the latest generation reactor. With all sectors of the facility commissioned, ramp-up production is expected to commence shortly, paving the way for full commercial operations. Ecolomondo's TDP technology offers substantial environmental benefits, significantly reducing carbon emissions compared to virgin carbon black production.
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Ecolomondo Corporation (TSXV: ECM, OTC: ECLMF) reports significant advancements in 2022, including nearly completing the Hawkesbury TDP facility, a C$42 million project capable of processing 14,000 tons of scrap tires annually. The facility is set to produce 5,300 tons of recovered carbon black and various other products. Plans for a larger six-reactor facility in Shamrock, Texas, are underway. Despite positive developments, the company secured a loan extension to defer payments, which raises concerns about liquidity. Investor webinars and growing interest in its technology underscore Ecolomondo's potential for future growth.