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An announcement from Tymlez Group Ltd. ( (AU:NVQ) ) is now available.
NoviqTech Limited has agreed to acquire 90% of Coralia Pty Ltd, an institutional-scale Australian biochar carbon dioxide removal company targeting data centres and AI hyperscalers seeking to offset rising emissions, with an option to acquire the remaining 10% via milestone-based share issuances. The deal, backed by a $1.5 million equity raising at $0.02 per share, is designed to anchor NoviqTech’s expansion into the fast-growing biochar carbon removal market, leveraging Coralia’s flagship Great Barrier Reef Biochar project, which aims to convert 2 million tonnes of invasive woody weeds into biochar for large-scale carbon removal credits and dual revenues from biochar sales into sectors such as cement and data centre construction; if successfully executed and certified, the strategy could position Coralia as a leading global biochar CDR producer, enhance NoviqTech’s role in data centre decarbonisation, and deliver environmental co-benefits for Australian agriculture and the Great Barrier Reef.
More about Tymlez Group Ltd.
NoviqTech Limited is an Australian technology company focused on environmental and carbon markets, operating digital infrastructure such as its Carbon Central platform to support high-integrity carbon removal and sustainability solutions for large emitters, including data centres and AI-focused hyperscale customers.
Average Trading Volume: 442,391
Technical Sentiment Signal: Sell
Current Market Cap: A$6.46M
See more insights into NVQ stock on TipRanks’ Stock Analysis page.