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NU E Power Corp. ( (TSE:NUE) ) has issued an announcement.
Nu E Power Corp. has secured a $6.2 million loan financing agreement with Global Green Asset Finance Ltd. The funds will be used for corporate acquisitions, allowing the company to pursue valuable opportunities while limiting dilution. The loan features a one-year term, a 20% interest rate, and provisions for early repayment. This financing is expected to enhance Nu E’s strategic positioning in the renewable energy sector.
More about NU E Power Corp.
Nu E Power Corp. is a green energy company focused on developing, constructing, and operating clean and renewable energy infrastructure across North America. The company collaborates with Low Carbon Canada Solar Limited to facilitate non-dilutive investment, aiming to develop up to 2GW of renewable energy projects in Canada by 2030.
YTD Price Performance: -40.91%
Average Trading Volume: 226,859
Technical Sentiment Signal: Strong Buy
Find detailed analytics on NUE stock on TipRanks’ Stock Analysis page.