Ecolomondo Reaches Agreement in Principle for Financing of $2.7 million

Executive Summary

• Ecolomondo Corporation announced an agreement in principle with Export Development Canada (EDC) for a $2.7 million loan to fund additional capital investments and working‑capital needs at its Hawkesbury TDP facility.
• The new financing will increase the existing $2 million loan (originally signed January 2025) by $2.7 million, subject to final documentation.
• EDC also agreed to a temporary principal‑and‑interest holiday for the 2025 and July 2024 loans during the 2026 ramp‑up period, supporting the facility’s path to full operational capacity.

Key Details

• Financing Amount: $2.7 million loan from Export Development Canada (EDC).
• Purpose: Capital investments and working capital required for ramp‑up of Hawkesbury Thermal Decomposition Process (TDP) facility.
• Existing Debt Impact: Increases the subsidiary Ecolomondo Environmental (Hawkesbury) Inc.’s existing $2 million loan (signed Jan 2025) by $2.7 million.
• Loan Terms: Subject to final documentation; includes a temporary principal and interest holiday for loans signed in Jan 2025 and July 2024 during the 2026 ramp‑up period.
• Operational Goal: Provide sufficient liquidity to achieve full ramp‑up of Hawkesbury TDP operations, including hiring, training, production scaling, sales growth, and efficiency improvements.
• Quote: “This additional financing from EDC is greatly appreciated and should allow the Hawkesbury TDP facility to achieve its full potential,” – Jean‑François Labbé, Interim CEO.

Notable Quotes

“We have been working steadily in Hawkesbury, hiring, training, increasing production, increasing sales and, most of all, improving efficiency. This additional financing from EDC is greatly appreciated and should allow the Hawkesbury TDP facility to achieve its full potential.” – Jean‑François Labbé, Interim CEO

Materiality Assessment: Material – Positive (significant new financing that materially supports operational ramp‑up).