Ecolomondo Issues Stock Options

Core Insights - Ecolomondo Corporation has issued stock options to employees, Board members, and consultants, totaling 1,930,000 common shares, to acknowledge their contributions to the company's success and the Hawkesbury plant [1][3] Stock Options Details - Each stock option allows the purchase of one common share at an exercise price of $0.20 for ten years from the grant date [2] - Options for directors and officers will vest over one year, while those for employees and consultants will vest over three years [2] Company Overview - Ecolomondo is a Canadian cleantech company specializing in sustainable scrap tire recycling through its proprietary Thermal Decomposition technology (TDP) [7] - The company aims to be a leading player in the cleantech sector and contribute to the global circular economy [8][9] Revenue Streams - Revenue from the Hawkesbury TDP facility comes from the sale of end-products such as recovered carbon black (rCB), oil, steel, and syngas, as well as tipping fees for scrap tire disposal [7] Future Outlook - The company is focused on expanding its operations in North America and Europe, with a full ramp-up targeted for July 2026 [11][10] - Ecolomondo's TDP process is expected to significantly reduce greenhouse gas emissions, with projected reductions of 22,400 tons and 67,200 tons of CO2 per year from its Hawkesbury and Shamrock facilities, respectively [13]