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An announcement from Leaf Resources Limited ( (AU:FGH) ) is now available.
Foresta Group Holdings Limited announced key developments in its operations, including a convertible note agreement for AUD 2 million and a share placement raising AUD 1.1 million. The company has also signed a Technology License Agreement with E3 Carbon GmbH to use their torrefaction technology in New Zealand and Australia. A letter of intent from Lawter Inc. NZ underscores the demand for the company’s sustainable products. Additionally, Foresta’s flagship project in New Zealand is included in the Fast-Track Approvals Act 2024, facilitating streamlined development of its manufacturing facility. These advancements are positioned to strengthen Foresta’s market presence and operational capabilities in the renewable energy sector.
More about Leaf Resources Limited
Foresta Group Holdings Limited operates in the renewable energy sector, focusing on the production of sustainable biocarbon products. Its primary offerings include torrefied wood pellets, wood rosin, and wood turpentine, with a market focus on providing innovative alternatives to fossil fuel products. The company has formed a strategic partnership with E3 Carbon GmbH to utilize advanced torrefaction technology, enhancing its capacity to produce high-quality biomass fuels at its flagship facility in Kawerau, New Zealand.
YTD Price Performance: 0%
Average Trading Volume: 2,474,909
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$28.92M
See more data about FGH stock on TipRanks’ Stock Analysis page.
