Hybrid Thermal Production System
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Syntholene Energy Corp. Announces Upsize to Previously Announced Non-Brokered Private Placement
TMX Newsfile· 2026-02-09 20:30
Financing Details - Syntholene Energy Corp. is increasing its non-brokered financing from up to $2.0 million to up to $3.75 million [1] - The financing will consist of units priced at $0.45 each, with each unit including one common share and one non-transferable warrant [2] - Each warrant allows the purchase of an additional common share at $0.63 for two years, with an acceleration provision [2] Use of Proceeds - Gross proceeds from the financing are intended for the procurement and assembly of components for a planned demonstration facility in Iceland, as well as for corporate marketing, investor relations, and working capital [3] Insider Participation and Regulatory Compliance - Insiders of the company may participate in the financing, though the extent of participation is not yet determined [4] - All securities issued will be subject to a four-month hold period and the financing is subject to regulatory approvals, including from the TSX Venture Exchange [5] Company Overview - Syntholene is focused on commercializing a Hybrid Thermal Production System for low-cost clean fuel synthesis, targeting a 70% lower cost for ultrapure synthetic jet fuel compared to competing technologies [7] - The company has secured 20MW of dedicated energy for its upcoming demonstration facility and aims to deliver a scalable modular production platform for cost-competitive synthetic fuel [8][9]
Syntholene Energy Announces Co-Listing in the United States on OTCQB Market Under Symbol SYNTF
TMX Newsfile· 2026-01-30 08:05
Core Viewpoint - Syntholene Energy Corp has commenced trading on the OTCQB Venture Market in the U.S. under the symbol SYNTF, aiming to broaden its U.S. investor base and enhance visibility in the aviation fuel and energy infrastructure sectors [1][3]. Company Overview - Syntholene is focused on commercializing its Hybrid Thermal Production System for low-cost clean fuel synthesis, targeting the production of ultrapure synthetic jet fuel at 70% lower cost than competing technologies [4]. - The company aims to deliver high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, potentially producing clean synthetic fuel cheaper than fossil fuels for the first time [4]. Strategic Importance - Establishing a U.S. trading presence is seen as a strategic move, as the U.S. is the largest aviation market and a key center for capital formation in energy and infrastructure investments [3]. - The OTCQB listing is expected to enhance visibility and accessibility in the U.S. market, coinciding with increasing policy support for sustainable aviation fuel and synthetic fuels [3]. Technology and Infrastructure - Syntholene's power-to-liquid strategy integrates thermal energy with hydrogen production and fuel synthesis, having secured 20MW of dedicated energy for its upcoming demonstration facility and commercial scale-up [5]. - The company is led by experienced operators in advanced energy infrastructure, aiming to create a scalable modular production platform for cost-competitive synthetic fuel [6].