Buscar Company Acquires 50% Stake in Terramer, Inc. via Stock Swap, Bolstering Sustainable Innovation with Hemp-Based Bioplastics
Buscar Company (OTC: CGLD) has acquired a 50% stake in Terramer, Inc. through a stock swap transaction. Terramer is known for developing TERBO-1000, a hemp-based bioplastic that biodegrades within 180 days without leaving microplastic residue.
Terramer operates a 350,000 sq. ft. facility capable of producing 300 million pounds annually. The company has secured $6.8 million in purchase orders and over $80 million in LOIs from major household brands. The partnership aims to accelerate TERBO-1000's development and commercialization across packaging, food service, automotive, and construction industries.
The deal structure involves Buscar issuing shares to Terramer stakeholders for the 50% equity position, preserving cash while aligning both companies' interests. This acquisition complements Buscar's portfolio, which has recently benefited from a 70% surge in gold prices affecting its mining assets.
Buscar Company (OTC: CGLD) ha acquisito una partecipazione del 50% in Terramer, Inc. attraverso una transazione di scambio azionario. Terramer è conosciuta per lo sviluppo di TERBO-1000, un bioplastico a base di canapa che si biodegrada entro 180 giorni senza lasciare residui di microplastica.
Terramer gestisce un impianto di 350.000 piedi quadrati in grado di produrre 300 milioni di libbre all'anno. L'azienda ha assicurato ordini di acquisto per 6,8 milioni di dollari e oltre 80 milioni di dollari in lettere di intenti da importanti marchi di consumo. La partnership mira ad accelerare lo sviluppo e la commercializzazione di TERBO-1000 nei settori del packaging, della ristorazione, dell'automotive e delle costruzioni.
La struttura dell'accordo prevede che Buscar emetta azioni ai soci di Terramer per la posizione di capitale del 50%, preservando liquidità e allineando gli interessi di entrambe le aziende. Questa acquisizione completa il portafoglio di Buscar, che ha recentemente beneficiato di un aumento del 70% dei prezzi dell'oro che ha influenzato i suoi beni minerari.
Buscar Company (OTC: CGLD) ha adquirido una participación del 50% en Terramer, Inc. a través de una transacción de intercambio de acciones. Terramer es conocida por desarrollar TERBO-1000, un bioplástico a base de cáñamo que se biodegrada en 180 días sin dejar residuos de microplásticos.
Terramer opera una instalación de 350,000 pies cuadrados capaz de producir 300 millones de libras anualmente. La empresa ha asegurado pedidos de compra por 6.8 millones de dólares y más de 80 millones de dólares en cartas de intención de importantes marcas de consumo. La asociación tiene como objetivo acelerar el desarrollo y la comercialización de TERBO-1000 en las industrias de empaques, servicios de alimentos, automotriz y construcción.
La estructura del acuerdo implica que Buscar emita acciones a los accionistas de Terramer por la posición de capital del 50%, preservando efectivo mientras alinea los intereses de ambas empresas. Esta adquisición complementa el portafolio de Buscar, que recientemente se ha beneficiado de un aumento del 70% en los precios del oro que afecta sus activos mineros.
Buscar Company (OTC: CGLD)는 Terramer, Inc.의 50% 지분을 주식 교환 거래를 통해 인수했습니다. Terramer는 180일 이내에 생분해되며 미세 플라스틱 잔여물을 남기지 않는 대마 기반의 생분해성 플라스틱 TERBO-1000을 개발한 것으로 알려져 있습니다.
Terramer는 연간 3억 파운드를 생산할 수 있는 350,000 평방 피트 규모의 시설을 운영하고 있습니다. 이 회사는 주요 소비재 브랜드로부터 680만 달러의 구매 주문과 8천만 달러 이상의 LOI(의향서)를 확보했습니다. 이 파트너십은 포장, 식품 서비스, 자동차 및 건설 산업 전반에 걸쳐 TERBO-1000의 개발 및 상용화를 가속화하는 것을 목표로 하고 있습니다.
이번 거래 구조는 Buscar가 Terramer 이해관계자에게 50% 지분에 대한 주식을 발행하여 현금을 보존하고 두 회사의 이익을 일치시키는 내용을 포함합니다. 이번 인수는 최근 금 가격이 70% 상승하여 광산 자산에 영향을 미친 Buscar의 포트폴리오를 보완합니다.
Buscar Company (OTC: CGLD) a acquis une participation de 50 % dans Terramer, Inc. par le biais d'une transaction d'échange d'actions. Terramer est connue pour le développement de TERBO-1000, un bioplastique à base de chanvre qui se dégrade en 180 jours sans laisser de résidus de microplastiques.
Terramer exploite une installation de 350 000 pieds carrés capable de produire 300 millions de livres par an. L'entreprise a sécurisé 6,8 millions de dollars de commandes d'achat et plus de 80 millions de dollars en lettres d'intention de grandes marques de consommation. Le partenariat vise à accélérer le développement et la commercialisation de TERBO-1000 dans les secteurs de l'emballage, de la restauration, de l'automobile et de la construction.
La structure de l'accord implique que Buscar émette des actions aux parties prenantes de Terramer pour la position de 50 % en capital, préservant ainsi des liquidités tout en alignant les intérêts des deux entreprises. Cette acquisition complète le portefeuille de Buscar, qui a récemment bénéficié d'une augmentation de 70 % des prix de l'or affectant ses actifs miniers.
Buscar Company (OTC: CGLD) hat eine 50%ige Beteiligung an Terramer, Inc. durch eine Aktien-Tauschtransaktion erworben. Terramer ist bekannt für die Entwicklung von TERBO-1000, einem auf Hanf basierenden Biokunststoff, der innerhalb von 180 Tagen abbaubar ist, ohne Mikroplastik-Rückstände zu hinterlassen.
Terramer betreibt eine 350.000 Quadratfuß große Anlage, die jährlich 300 Millionen Pfund produzieren kann. Das Unternehmen hat Bestellungen im Wert von 6,8 Millionen Dollar und über 80 Millionen Dollar an LOIs von großen Verbrauchermarken gesichert. Die Partnerschaft zielt darauf ab, die Entwicklung und Kommerzialisierung von TERBO-1000 in den Bereichen Verpackung, Gastronomie, Automobil und Bauwesen zu beschleunigen.
Die Struktur des Deals sieht vor, dass Buscar Aktien an die Terramer-Aktionäre für die 50%ige Eigenkapitalposition ausgibt, um Bargeld zu erhalten und die Interessen beider Unternehmen in Einklang zu bringen. Diese Akquisition ergänzt das Portfolio von Buscar, das kürzlich von einem Anstieg der Goldpreise um 70% profitiert hat, was sich auf seine Bergbauvermögenswerte auswirkt.
- Secured $6.8M in purchase orders and $80M in LOIs from major brands
- Large production capacity of 300M pounds annually
- Benefits from 70% surge in gold prices affecting mining assets
- Enters $44B bioplastics market with proprietary technology
- Stock swap structure preserves cash resources
- Share dilution due to stock swap transaction
- Letters of intent ($80M) are non-binding commitments
Terramer, Inc. is the developer of TERBO-1000, a proprietary hemp-based bioplastic that is
Driving Sustainability Through Hemp Innovation
Under this partnership, Buscar and Terramer plan to accelerate the development and commercialization of TERBO-1000, leveraging industrial hemp to produce scalable, compostable plastics for industries including packaging, food service, automotive, and construction. The collaboration aligns with Buscar's vision of integrating sustainable technologies into its portfolio while capitalizing on the demand for eco-friendly alternatives to petroleum-based plastics.
"Acquiring a significant stake in Terramer represents a transformative milestone for Buscar," said Alexander Dekhtyar, CEO and Chairman of Buscar Company. "By combining Terramer's groundbreaking bioplastic technology with our financial and operational strengths, we're positioned to lead the charge in eliminating microplastic pollution while delivering value to shareholders and the planet."
A Strategic Stock Swap
The transaction was executed through a stock swap, with Buscar issuing shares to Terramer stakeholders in exchange for a
Future Plans and Market Impact
With Buscar's support, Terramer aims to ramp up production of TERBO-1000 and expand its applications across high-impact sectors. Key initiatives include:
- Scaling production to meet growing demand from B2B clients.
- Enhancing R&D through Terramer's AI-driven Terramer Designer Space to develop custom formulations.
- Exploring carbon credit monetization opportunities tied to TERBO-1000's lifecycle emissions reductions.
"Partnering with Buscar accelerates our mission to redefine sustainable materials," said Paul Leslie Smith, CEO of Terramer, Inc. "Their resources and strategic vision will help us bring TERBO-1000 to a global scale, tackling plastic pollution head-on."
About Buscar Company
Buscar Company (OTC: CGLD) is a diversified holding company focused on natural resources and sustainable energy. Its subsidiaries include EON Discovery Inc., which manages gold mining claims in
About Terramer, Inc.
Terramer, Inc., is a leader in sustainable materials. It delivers TERBO-1000, a hemp-based bioplastic that biodegrades in under 180 days with zero microplastic residue. With a vertically integrated supply chain of 70+ hemp farmers and a robust client pipeline, Terramer is revolutionizing the bioplastics industry.
Forward-Looking Statements
Statements in this release may constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than historical facts are "forward-looking statements." These statements are based on management's current expectations and projections about future events and involve risks and uncertainties that may cause actual results to differ materially. Such risks include market acceptance of TERBO-1000, regulatory challenges, production scalability, and general economic conditions. Buscar Company undertakes no obligation to update these statements unless required by law.
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SOURCE Buscar Company
FAQ
What is the production capacity of Terramer's facility for CGLD's new bioplastic venture?
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What is the biodegradation timeline for CGLD's TERBO-1000 bioplastic?
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