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 Circular Innovations (CSE: PLAS, FSE: XV2) appointed Nathan Diebold as Vice President, Construction & Operations. Diebold brings nearly 30 years of industrial construction and operations experience, including leadership of a major industrial contractor’s construction division and an MBA plus advanced executive training.
He will oversee construction planning, contractor coordination, commissioning, and operational readiness as PlasCred advances its proposed Neos facility at CN’s Scotford Yard in Fort Saskatchewan, Alberta, under a conditional long-term lease with CN. Neos is designed to process up to 100 tonnes/day of mixed plastic waste into about 500 barrels/day of refined hydrocarbon condensate.
According to the company, all planned Neos production is covered by a five-year fixed-price offtake at CAD $120 per barrel with a global commodities firm, while feedstock is supported by an agreement with Circular Materials under a tolling arrangement where PlasCred is paid to process post-consumer plastic waste. Detailed engineering with Grey Owl Engineering is underway, alongside regulatory and financing work for a final investment decision.
PlasCred (CSE: PLAS, FSE: XV2, OTC: MGPRF) agreed a conditional long-term lease with CN Rail for its proposed Neos advanced recycling facility at Scotford Yard in Fort Saskatchewan, Alberta.
The 7.34-acre site includes a 35,000-square-foot building and 200-car rail siding, supporting operations that could process up to 100 tonnes of mixed plastics per day into about 500 barrels per day of refined hydrocarbon condensate.
PlasCred (CSE: PLAS, FSE: XV2, OTC: MGPRF) signed a commercial supply agreement with Circular Materials to toll-process post-consumer flexible plastic packaging collected in Alberta.
The deal helps secure EPR-backed feedstock for PlasCred’s proposed Neos facility, which is designed to process 100 tonnes/day into 500 barrels/day of refined hydrocarbon condensate under a five-year, $120 CAD per barrel offtake contract.
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.