Ecolomondo Reaches Agreement in Principle for Financing of $2.7 million

Core Viewpoint - Ecolomondo Corporation has secured an agreement in principle for financing of $2.7 million with Export Development Canada to support the ramp-up of its Hawkesbury TDP facility [1][2]. Financing Details - The financing agreement includes an increase of $2.7 million to the existing $2 million loan for Ecolomondo Environmental (Hawkesbury) Inc, originally signed in January 2025 [3]. - EDC has also agreed to a temporary principal and interest holiday during the 2026 ramp-up period for loans signed in January 2025 and July 2024 [3]. Operational Progress - The company has been actively hiring, training, and increasing production and sales at the Hawkesbury facility, aiming to improve efficiency [4]. - The additional financing is expected to help the facility achieve its full operational potential [4]. Company Overview - Ecolomondo Corporation is a Canadian cleantech company specializing in sustainable scrap tire recycling technology, particularly its proprietary Thermal Decomposition Process (TDP) [5]. - The TDP technology recovers valuable commodities from scrap tire waste, including recovered carbon black (rCB), oil, syngas, fiber, and steel [5]. Revenue Streams - Revenue from the Hawkesbury TDP facility is generated through the sale of end-products such as rCB, oil, steel, and syngas, as well as tipping fees for scrap tire disposal [5]. Mission and Vision - The company's mission is to contribute to a dynamic Circular Economy and enhance shareholder value by supplying large quantities of recovered resources for new product manufacturing [6]. - Ecolomondo aims to be a leading producer and reseller of recovered resources by strategically building and operating TDP facilities in industrialized countries [7]. Strategic Goals - The strategy focuses on becoming a major global builder and operator of TDP turnkey facilities, with plans for aggressive expansion in North America and Europe [8]. - Ongoing research and development will be prioritized to maintain technological advancement [8]. Environmental Impact - The TDP process significantly reduces greenhouse gas emissions, with a 90% reduction in GHG emissions compared to virgin carbon black production [10]. - The production of rCB at the Hawkesbury facility is projected to reduce CO2 emissions by 22,400 tons per year [10].