Ecolomondo Corporation (TSE:ECM) has released an update.
Ecolomondo Corporation has secured a supplementary $3 million loan from Export Development Canada to bolster the operations of its subsidiary’s Hawkesbury facility, which specializes in the recycling of end-of-life tires using proprietary technology. The additional capital is earmarked for enhancing the subsidiary’s cash reserves and purchasing extra equipment to achieve full commercial functionality of the plant. This financial move underlines EDC’s continued support and confidence in Ecolomondo’s contribution to the global circular economy.
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