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Cover Technologies ( (TSE:PLAS) ) has provided an announcement.
PlasCred Circular Innovations Inc., a Canadian advanced recycling company focused on converting mixed plastic waste into refined hydrocarbon condensate for industrial and energy markets, is progressing its business model around a modular platform designed to supply feedstock for virgin plastics, petrochemicals and upstream energy applications. The company has granted 1,000,000 stock options to its directors at an exercise price of $0.14 per share for a five-year term, with the options vesting in thirds over 12 months, a move that further aligns board incentives with long-term shareholder value as PlasCred advances development of its recycling facilities and broader growth strategy.
More about Cover Technologies
PlasCred Circular Innovations Inc. is an Alberta-based company developing an advanced plastic recycling facility that uses an engineered, modular platform to convert mixed plastic waste into refined hydrocarbon condensate for use in virgin plastic production, petrochemical feedstock, and upstream energy applications.
Average Trading Volume: 247,032
Technical Sentiment Signal: Hold
Current Market Cap: C$10.91M
Find detailed analytics on PLAS stock on TipRanks’ Stock Analysis page.