Foresta Group Advances Kawerau Project with Key Approvals and Partnerships

An update from Leaf Resources Limited ( (AU:FGH) ) is now available.

Foresta Group Holdings Limited has achieved significant milestones in its flagship project in Kawerau, New Zealand, which has been included in the country’s Fast-Track Approvals Act 2024. This inclusion facilitates a streamlined decision-making process for infrastructure projects with substantial regional and national benefits. The company has also signed a term sheet with Genesis Energy Limited for the supply of torrefied wood pellets, aiming to reduce New Zealand’s dependency on coal. Additionally, Foresta has secured resource consent for its Kawerau development, received $2 million from a convertible note agreement, and completed the acquisition of substantial shareholders’ shares, positioning itself for future growth and collaboration with local stakeholders.

More about Leaf Resources Limited

Foresta Group Holdings Limited operates in the renewable energy sector, focusing on the production of pine chemicals and torrefied wood pellets. The company is primarily engaged in developing sustainable biomass solutions and is actively involved in projects that align with regional and national energy goals.

Average Trading Volume: 1,007,649

Technical Sentiment Signal: Buy

Current Market Cap: A$26.53M

See more data about FGH stock on TipRanks’ Stock Analysis page.