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ECOLOMONDO CORP (ECLMF) is a leading environmental technology company specializing in advanced thermal recycling technologies for the treatment and recycling of waste materials. With a focus on sustainability and innovation, the company transforms various waste streams into valuable resources, contributing to a cleaner and greener future. ECOLOMONDO's state-of-the-art facilities, strategic partnerships, and commitment to environmental stewardship position it as a key player in the circular economy. The company's financial strength, dedication to research and development, and expansion into new markets underscore its growth potential and long-term viability in the environmental sector.
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Ecolomondo Corporation (ECM) announces additional funding of $1 million and conversion of previous loans totalling $3,498,853 into voting common shares. The controlling shareholder intends to advance a further $1 million with an 8.5% interest rate, constituting a related party transaction under MI 61-101. This demonstrates the commitment of the controlling shareholder.
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Ecolomondo Corporation (ECM) Restructures Loan Agreement with Export Development Canada (EDC) to Complete Hawkesbury TDP Facility
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Ecolomondo Corporation (ECM) announces an agreement in principle to restructure its original loan agreement with Export Development Canada, postponing principal and interest payments to December 2023. The restructured loan facility will allow the Company to bring the new Hawkesbury TDP facility to commercial operations.
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Ecolomondo Corporation (ECM) released its unaudited consolidated financial statements and management discussion and analysis for the nine-month period ended September 30, 2023. The company reported revenues of $105,486, a loss for the quarter of $511,354, and capital expenditures for the Hawkesbury TDP turnkey facility totaling $46,234,419. Ecolomondo also gained significant headway in production ramp-up at its Hawkesbury facility and continued preparations for the construction of its Shamrock, Texas, TDP turnkey facility. The company secured a further advance of $1,000,000 from a company under common control and filed an application for listing on the OTCQB Markets under the symbol 'ECLMF' in the United States. Ecolomondo also entered into amending agreements to the original loan agreement with Export Development Canada to postpone principal and interest payments to November 30, 2023.
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Ecolomondo Corporation has concluded an Amending Agreement to its original loan agreement with Export Development Canada. The agreement allows for the postponement of principal and interest payments to November 30, 2023 as the company continues to work towards bringing its new Hawkesbury TDP facility to commercial operations. The facility is now capable of processing industrial quantities of end-of-life tires and producing sustainable quality products.
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Ecolomondo files application for listing on OTCQB Markets
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Ecolomondo expands leadership team for its Hawkesbury TDP facility, fully funded $45 million construction costs. Facility expected to process 12,786 metric tons of scrap tires per year. Positive revenue streams from sale of end-products. Mr. Sethi brings experience in process optimization. Mr. Mehta joins as Executive Assistant. Mr. Mynampati to focus on international sales.
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Ecolomondo Corporation has retained Independent Trading Group (ITG) for market making services, aiming to improve liquidity and maintain a reasonable and orderly market. The agreement is for one month and will renew for subsequent one-month terms, with a fee of $5,000 per month. ITG will be responsible for the costs of buying and selling the Company's shares. No concrete positive or negative business takes were identified.
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Ecolomondo Corporation has reached an Amending Agreement to its loan agreement with Export Development Canada, allowing for the postponement of principal and interest payments. The agreement confirms EDC's support of Ecolomondo's Hawkesbury TDP turnkey plant.
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Ecolomondo releases unaudited financial statements for Q2 2023, with a loss of $379,897 compared to $365,406 in 2022. Capital expenditures for Hawkesbury facility reach $44,677,910. Positive cash flows expected in Q1 2024. ISCC certification obtained for Hawkesbury facility. Shamrock facility budgeted cost estimated at $93 million.
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FAQ
What is the current stock price of Ecolomondo (ECLMF)?
The current stock price of Ecolomondo (ECLMF) is $0.15015 as of February 7, 2025.
What is the market cap of Ecolomondo (ECLMF)?
The market cap of Ecolomondo (ECLMF) is approximately 32.2M.
What is ECOLOMONDO CORP known for?
ECOLOMONDO CORP is known for its expertise in advanced thermal recycling technologies for the treatment and recycling of waste materials.
What are ECOLOMONDO CORP's key focus areas?
The company focuses on sustainability, innovation, and transforming various waste streams into valuable resources.
What sets ECOLOMONDO CORP apart in the environmental sector?
ECOLOMONDO CORP stands out for its state-of-the-art facilities, strategic partnerships, and commitment to environmental stewardship.
How does ECOLOMONDO CORP contribute to a cleaner future?
By transforming waste materials into valuable resources, ECOLOMONDO CORP contributes to a cleaner and greener future.
What factors contribute to ECOLOMONDO CORP's growth potential?
The company's financial strength, dedication to research and development, and expansion into new markets contribute to its growth potential.
Why is ECOLOMONDO CORP considered a key player in the circular economy?
ECOLOMONDO CORP's focus on transforming waste into resources aligns with the principles of the circular economy, making it a key player in the industry.
What are some of ECOLOMONDO CORP's recent achievements?
Recent achievements include the successful implementation of innovative recycling technologies and the establishment of strategic partnerships.
How does ECOLOMONDO CORP demonstrate its commitment to sustainability?
ECOLOMONDO CORP demonstrates its commitment to sustainability through its eco-friendly practices, waste reduction initiatives, and environmental impact assessments.
What is ECOLOMONDO CORP's long-term vision?
ECOLOMONDO CORP's long-term vision is to be a global leader in environmental technology, driving positive change through innovative recycling solutions.
How does ECOLOMONDO CORP ensure its operations align with environmental regulations?
ECOLOMONDO CORP complies with all relevant environmental regulations and standards to ensure its operations are environmentally responsible and sustainable.
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