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BluSky Carbon Inc. ( (TSE:BSKY) ) just unveiled an update.
BluSky Carbon Inc. has received a US$400,000 closing payment tied to the sale and long-term operations of its Arkansas biochar production facility, AR1, under a previously announced project financing arrangement with WARB1 LLC. The transaction, which values the AR1 facility at about US$8.3 million, combines an upfront payment, a future commissioning payment, and a seller-financed balance over at least 12 years at a 1.99% interest rate, while allowing BluSky to remain the exclusive operations and maintenance provider; this structure provides near-term liquidity, recurring service revenue and continued operational control, underscoring the company’s strategy to monetize assets while retaining long-term participation in its biochar infrastructure.
More about BluSky Carbon Inc.
BluSky Carbon Inc. is a renewable energy company that converts organic and industrial waste into biochar, renewable power and carbonate rocks, and also develops and sells carbon capture technology, positioning itself in the broader decarbonization and waste-to-energy market.
Average Trading Volume: 74,210
Technical Sentiment Signal: Sell
Current Market Cap: C$2.73M
For detailed information about BSKY stock, go to TipRanks’ Stock Analysis page.