Ecolomondo Concludes $2 Million Credit Facility With EDC

The Credit facility of $2 million, previously announced on November 25, 2024, is extended to the Company’s subsidiary, Ecolomondo Environmental (Hawkesbury) Inc., owner of the Hawkesbury plant, to assist mainly with the purchase, installation and commissioning of the new milling equipment. This new equipment, once commissioned, should enable the gradual ramp-up of all departments to full production. The conditions of the credit facility calls for a $500,000 cash injection by the Parent Company, which has already been paid to the Hawkesbury subsidiary in November 2024. Read the full story here: