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Waste Energy Advances Two Strategic Expansion Initiatives as Company Builds Larger Waste Infrastructure Platform

WAST
  • Waste Energy Corp. signed a non-binding Letter of Intent to acquire a tire processing operation & 10-acre industrial property for approximately $1.2 million.
  • Under the proposed structure, Waste Energy would hold a 51% ownership stake in the acquisition entity.
  • Preliminary plans suggest the facility could process 3 million to 5 million tires annually, generating $3 million to $5 million in revenue upon reaching full capacity.
  • The transaction remains subject to due diligence, financing, & definitive document negotiations, with no assurance that the deal will close.
  • Specific details regarding the target business location are withheld to protect ongoing negotiations.
  • Waste Energy confirmed its Midland, Texas facility expansion remains on track for closing to increase processing & conversion capacity.
  • The company expects to provide further updates on the Midland expansion after the transaction closes.
  • Forward-looking statements regarding potential volumes, revenues, & deal completion are not guarantees & involve significant risks.