Cover Technologies (TSE:PLAS) has released an update.
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PlasCred Circular Innovations Inc. has announced its Q1 2024 financial results, marking strategic progress with investments and partnerships aimed at advancing its plastic waste upcycling initiatives. The company secured a potential $10 million investment from Nimbus Capital to support projects like Neos, which aims to significantly upscale their plastic waste processing capacity. Despite these developments, PlasCred reported a net loss of $662,689 for the quarter.
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