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QNB Metals ( ($TSE:TIM.X) ) has issued an announcement.
ReSolve Energy Inc. has completed a reverse takeover of QNB Metals Inc., marking a significant step towards the commercialization of its green energy technologies. The transaction, which involved a $2.5 million private placement financing, positions the company to access government grants and funding alternatives, enhancing its renewable energy project portfolio. The company’s shares are expected to resume trading on the CSE under the new symbol ‘RESO’ following regulatory approvals, with the board and management team remaining largely unchanged.
More about QNB Metals
ReSolve Energy Inc., formerly known as QNB Metals Inc., is focused on the development and commercialization of advanced biofuel and renewable energy technologies. The company is also involved in exploring natural hydrogen resources and has engineered a proprietary, patent-pending acid hydrolysis platform.
Technical Sentiment Signal: Hold
Current Market Cap: C$1.64M
For a thorough assessment of TIM.X stock, go to TipRanks’ Stock Analysis page.