Welcome to our dedicated page for PlasCred Circular Innovations news (Ticker: MGPRF), a resource for investors and traders seeking the latest updates and insights on PlasCred Circular Innovations stock.
PlasCred Circular Innovations Inc. develops advanced plastic recycling technology in Alberta, with a focus on converting mixed and hard-to-recycle plastic waste into refined hydrocarbon condensate and circular naphtha used as feedstock for virgin plastic production. Its Primus pilot facility supports process validation, while Neos is described as the company’s proposed first commercial-scale facility.
Company announcements commonly address non-dilutive project funding from government and innovation programs, engineering and design work for Neos, capital-raise activity, commercial arrangements for condensate output, technology validation, industry coalition participation, and stock-option or other capital-structure matters.
PlasCred (OTC:MGPRF) has started stage-gated pre-FID detailed engineering for its Neos advanced recycling facility with Grey Owl Engineering, moving the 100-tonne-per-day project toward Final Investment Decision and construction readiness.
Neos has a five-year fixed-price offtake at CAD $120/barrel, $15.85M identified non-dilutive/debt support, and about $6.68M in recent equity financing.
PlasCred Circular Innovations (CSE:PLAS, FSE:XV2, OTC:MGPRF) closed the second tranche of its upsized non-brokered $7,000,000 private placement, issuing 9,746,000 units at $0.17 for gross proceeds of $1,656,820.
Each unit includes one share and a 36‑month warrant at $0.22, with an acceleration clause above $0.40. Combined with the first tranche, total proceeds reach $6,683,820.
Funds will support development of the Neos advanced plastic recycling facility and general working capital. The financing used the listed issuer financing exemption, and units sold to Canadian residents are immediately freely tradeable.
PlasCred Circular Innovations (OTC:MGPRF) announced a non-brokered private placement under the listed issuer financing exemption to raise up to $5,000,000 (minimum $2,500,000). The Offering: up to 29,411,765 Units at $0.17 per Unit, each Unit including one common share and one warrant exercisable at $0.22 for 36 months.
Proceeds will fund development of the Neos commercial facility (engineering, permitting, long-lead equipment) and general working capital. Closing expected on or about April 16, 2026, subject to regulatory approvals; finders may receive 7% cash and broker warrants.
PlasCred Circular Innovations (MGPRF) announced receipt of advisory services and up to $2.35 million from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support engineering, staffing and operating activities for its proposed commercial Neos facility.
Neos is designed to process approximately 100 metric tonnes of mixed plastic waste per day into refined hydrocarbon condensate. The company said the IRAP funding will advance engineering and design costs. A previously announced $5.0 million grant from Emissions Reduction Alberta will become available when Neos construction begins; remaining construction funding is still being pursued under a PwC engagement.
PlasCred Circular Innovations (MGPRF) granted 1,000,000 stock options to its directors at $0.14 per common share, exercisable for 5 years. Options vest one-third immediately, one-third at six months, and one-third at twelve months from the grant date.
PlasCred Circular Innovations (MGPRF) provided a project and financing update for its first commercial-scale facility, Neos, on January 27, 2026. The company confirmed Alberta Innovates awarded approximately CAD $500,000 to validate reactor performance, operating parameters, and process behaviour on mixed plastic waste to reduce scale-up and execution risk.
Neos is designed for ~100 tonnes per day feedstock and plans to produce refined hydrocarbon condensate sold under a 5-year fixed price agreement at CAD $120 per barrel. PlasCred completed an additional equity draw, raising $100,462 via issuance of 1,176,408 shares at an average of $0.0854 per share; basic shares outstanding are 89,276,408, fully diluted 118,446,408.
PlasCred Circular Innovations (OTC: MGPRF) engaged PricewaterhouseCoopers Corporate Finance to lead capital raising for its first commercial advanced recycling facility, Neos, in Fort Saskatchewan, Alberta.
Neos is a 100 tonnes-per-day plant projected to cost $25 million, has a $5 million ERA grant, a non-binding $8.5 million senior debt term sheet from BDC, and a five-year fixed-price $120 CAD/barrel offtake covering 100% of production.
PlasCred Circular Innovations (CSE: PLAS) has joined the Business Coalition for a Global Plastics Treaty, a significant alliance of over 300 businesses, investors, and NGOs dedicated to addressing plastic pollution. The coalition, led by WWF and the Ellen MacArthur Foundation, includes major corporations like Coca-Cola, Nestlé, and Walmart.
As a clean technology company specializing in advanced plastic recycling, PlasCred will contribute technical expertise and participate in policy discussions focused on creating scalable circular solutions. The company's role will involve shaping treaty provisions that promote innovation, environmental outcomes, and the circular economy infrastructure.
PlasCred Circular Innovations (CSE: PLAS) has secured a non-binding term sheet from the Business Development Bank of Canada for up to $8.5 million in senior debt financing. This complements a $5.0 million non-dilutive grant from Emissions Reduction Alberta and $500,000 in R&D funding from Alberta Innovates.
The company's planned Neos facility in Fort Saskatchewan will process 100 metric tonnes of post-consumer plastic waste daily, producing 500 barrels of Renewable Green Condensate™. The facility has secured a five-year offtake agreement at $120 per barrel with a Global Commodities Company. The $25 million project is expected to begin construction in Q1 2026, with commissioning later that year.
The facility will divert 36,500 tonnes of plastic waste annually and avoid 51,000 tonnes of CO₂e emissions. PlasCred plans to expand with a larger Maximus facility, scaling up to 2,000 tonnes per day capacity.
PlasCred Circular Innovations (CSE: PLAS) has secured a $5 million non-dilutive grant from Emissions Reduction Alberta for its Neos commercial-scale facility development. The facility will process 100 tonnes of post-consumer plastic waste daily, producing approximately 500 barrels per day of Renewable Green Condensate™.
The Neos facility, with a $25 million capital cost, is projected to generate $19 million in annual revenue and $6.9 million in EBITDA. The company has secured a five-year offtake agreement at CAD $120.00 per barrel with a global commodities company. The project expects an IRR of 22.8% with a 4.3-year payback period.
Located at CN Rail's Scotford Yard in Fort Saskatchewan, the facility will reduce greenhouse gas emissions by 51,000 tonnes of CO₂e annually while diverting 36,500 tonnes of plastic waste per year.