Latest news with #cleantechnology
Globe and Mail
19 hours ago
- Business
- Globe and Mail
Aduro Clean Technologies Announces Closing of Underwriter's Over-Allotment Option in Public Offering
LONDON, Ontario, June 20, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (' Aduro ' or the ' Company ') (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21 st century, today announced that it issued an additional 142,180 common shares and warrants to purchase an additional 71,090 common shares, for total gross proceeds of approximately US$1.2 million, pursuant to D. Boral Capital LLC's full exercise of its underwriter's over-allotment option in connection with the Company's previously announced underwritten U.S. public offering of common shares and accompanying warrants to purchase common shares ('Offering'). The common shares issued pursuant to the over-allotment option were sold in combination with an accompanying half warrant (with each whole warrant being exercisable into one common share of the Company). Each whole warrant has an exercise price of US$10.13 per share and are exercisable immediately and will expire three years from the date of issuance. D. Boral Capital LLC is acting as the sole book-running manager for the Offering. Aduro intends to use the net proceeds from the offering for ongoing research and development costs, expenditures related to the construction of its 'Demonstration-Scale' plant and the remainder (if any) for general corporate purposes and working capital. The Offering was being made pursuant to an effective shelf registration statement on Form F-10, as amended (File No. 333-287475), previously filed with the U.S. Securities and Exchange Commission ('SEC') and became effective on May 28, 2025, and the Company's Canadian short form base shelf prospectus dated May 28, 2025 (the 'Base Shelf Prospectus'). Aduro offered and sold the securities in the United States only. No securities were offered or sold to Canadian purchasers. The Base Shelf Prospectus relating to the Offering and describing the terms thereof has been filed with the applicable securities commissions in Canada and with the SEC in the United States and is available for free by visiting the Company's profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at or the SEC's website at as applicable. A final prospectus supplement with the final terms was be filed with the securities regulatory authorities in the Canadian provinces of British Columbia and Ontario and the SEC. Copies of the final prospectus may be obtained, when available, at the SEC's website at or from D. Boral Capital LLC, Attention: 590 Madison Avenue 39th Floor, New York, NY 10022, or by email at dbccapitalmarkets@ or by telephone at +1 212 970 5150. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offers, solicitations or sales would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company's Hydrochemolytic™ Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21 st century. For further information, please contact: Abe Dyck, Head of Business Development and Investor Relations ir@ +1 226 784 8889 KCSA Strategic Communications Jack Perkins, Senior Vice President aduro@ D. Boral Capital LLC. dbccapitalmarkets@ +1 212 970 5150 Forward-Looking Statements This press release contains forward-looking statements regarding the Company's current expectations. These forward-looking statements include, without limitation, references to the Company's expectations regarding anticipated use of net proceeds from the Offering. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to the factors that may result in changes to the Company's anticipated use of proceeds. These and other risks and uncertainties are described more fully in the section captioned "Risk Factors" in the Company's annual information form dated May 20, 2025, which is available on SEDAR+ at on EDGAR at Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law, including the securities laws of the United States and Canada.
Yahoo
a day ago
- Business
- Yahoo
EIB to allot 70 billion euros for tech sector in 2025-2027-officials
BRUSSELS (Reuters) -The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said. The programme, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies. The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilise a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, EU officials said. The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said. The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering. The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defence technologies, robotics and advanced materials, the officials said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
EIB to allot 70 billion euros for tech sector in 2025-2027-officials
BRUSSELS (Reuters) -The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said. The programme, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies. The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilise a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, EU officials said. The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said. The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering. The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defence technologies, robotics and advanced materials, the officials said. Sign in to access your portfolio
Yahoo
2 days ago
- Automotive
- Yahoo
US startup unveils lithium battery that lasts 1,300 cycles, skips China entirely
A startup led by a Canadian battery chemist is racing to crack a made-in-America energy breakthrough even as Trump's tariffs cast a long shadow over the battery supply chain. Boston-based Pure Lithium is building a pilot plant for a new kind of lithium metal battery, one it claims could outperform today's lithium-ion cells, and, crucially, be built entirely without Chinese efforts come at a crucial time for the U.S., as the world's biggest economy moves to loosen China's grip on the global supply of critical minerals. China's dominance in this space continues to pose a strategic challenge. The country accounts for around 90 percent of global rare earth production, and for certain heavy rare earths like dysprosium and terbium—essential to clean energy systems, defense equipment, and high-tech electronics—its market share was as high as 99 percent until recently. The U.S. remains heavily dependent on these imports. In 2024 alone, China supplied half of all American critical mineral imports, including key materials such as yttrium, antimony, bismuth, and arsenic, according to the U.S. Geological Survey. Led by CEO Emilie Bodoin, the startup has spent the past four years developing a lithium metal battery it believes can displace conventional lithium-ion technology. The company's design eliminates the need for graphite, cobalt, nickel, and manganese—minerals either sourced from or processed in China—replacing them with a streamlined system that taps lithium extracted from brine. At its lab in Charlestown, Massachusetts, Pure Lithium uses a proprietary 'Brine to Battery' process to produce a pure lithium metal anode directly from brine. The company pairs this anode with a vanadium cathode to manufacture a next-generation battery that has already achieved more than 1,300 cycles at commercially relevant charge and discharge rates. Thanks to the vanadium cathode's ability to operate at temperatures up to 700°C, the battery is significantly more fire-resistant. It also offers higher energy density—lithium metal has about 10 times the capacity of the graphite electrodes used in today's lithium-ion batteries. Until now, high costs, quality limitations, and environmental concerns have prevented the development of commercially viable lithium metal batteries. Pure Lithium says its approach not only boosts performance but also slashes materials costs by eliminating the need for graphite, nickel, cobalt, and manganese—key minerals often sourced or refined in China. 'We're working as hard as we can to build a prototype pilot facility,' Bodoin said in a Bloomberg Television interview on Tuesday. The company is currently expanding its lithium production process and integrating it into a domestic manufacturing line. 'As soon as we get it up and running,' she added, 'we're going to start getting these batteries out into the hands of US customers that need it.' In April, the firm received a letter of interest from the US Export-Import Bank for up to $300 million in financing, a potential boost for its domestic expansion plans. If successful, Pure Lithium could become one of the few battery startups offering a truly American-made solution at a time when Washington is rethinking its dependence on foreign supply chains.
Free Malaysia Today
4 days ago
- Business
- Free Malaysia Today
Asean, Russia begin talks on energy partnership plan for next 3 years
Asean and Russian energy officials at the 16th SOME-Russia meeting in Kuching, Sarawak. (Bernama pic) KUCHING : Asean and Russia have begun discussions on renewing their energy cooperation framework for 2026-2028, aiming to strengthen ties in key areas such as energy security, clean technology, and innovation. The energy transition and water transformation ministry's deputy secretary-general (energy) Mareena Mahpudz said the talks reaffirmed the strategic alignment between Asean's sustainability agenda and Russia's expertise in innovation and energy systems. 'We will also take stock of our shared progress, from regional initiatives to the development of this energy partnership plan,' she said during her opening remarks at the 16th Asean Senior Officials Meeting on Energy (SOME)-Russia. Elena Vikulova, deputy head of Russia's directorate of international cooperation, noted that Southeast Asia's rising energy demand presented strong opportunities for deeper engagement with Asean. 'The cooperation may include projects in areas such as oil and natural gas production, clean technologies, and alternative energy sources, all aligned with the global demand for sustainable energy solutions. 'We believe in a constructive, depoliticised energy dialogue and are committed to working with Asean countries to develop sustainable and reliable energy systems,' she said. The current Asean-Russia Work Plan on Energy Cooperation for 2022-2025 was adopted and endorsed during the 14th SOME-Russia Consultation in 2023. It forms part of the wider Asean Plan of Action for Energy Cooperation (APAEC) Phase II: 2021–2025, which targets 23% renewable energy in the Southeast Asian bloc's energy mix and 35% energy intensity reduction by 2025. The framework has helped Asean and Russia collaborate on capacity-building programmes, technical exchanges, and policy dialogues on sustainable energy, grid stability, and fossil fuel transitions.
