Aymium Closes $50 Million Financing with Fortress Investment Group and Kilonova Capital [Yahoo! Finance]
SOFTBANK GRP UNSP/ADR (SFTBY)
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Source: Yahoo! Finance
ST. PAUL, Minn., June 18, 2024 BUSINESS WIRE )--Aymium, the leading producer of renewable biocarbon products, announced today that it has secured IP-backed debt financing from certain affiliates of Fortress Investment Group ("Fortress") and Kilonova Capital ("Kilonova"). The credit facility provides working capital to Aymium to support its continued capacity growth, research and development and expansion of its patent portfolio. Aymium operates the largest advanced biocarbon production facility in North America and is presently constructing multiple new production facilities to supply its renewable and carbon negative products to accelerate decarbonization of energy and metals production globally. This includes investment of over $500 million in new facilities that are under construction in California and Mississippi. "The new capital allows accelerated development of additional production facilities that will supply renewable products that displace fossil fuels in metals product
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