MyCelx Technologies Aims to Raise Funds for Expansion

MyCelx Technologies (GB:MYX) has released an update.

MyCelx Technologies Corporation announces a fundraising initiative to raise approximately $0.9 million through the issuance of new common shares, aiming to accelerate the commercialization of its PFAS Remediation System and expand its US footprint. The company’s technology is being deployed in critical environmental applications, including water treatment for PFAS and Enhanced Oil Recovery (EOR), with expectations for increased demand and regulatory drivers. The proceeds will be used to build equipment, hire personnel, and further trials to expedite market penetration and accelerate contract wins.

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