Loop Industries reported its consolidated financial results for the third quarter of fiscal year 2025. The company highlighted the recent closing of the Reed Societe Generale Group financing and the sale of its first technology license in December 2024, which generated total cash proceeds of $20.8 million (€20 million).
The company also provided an update on the continued progress of its Infinite Loop™ India manufacturing facility. This project remains a key focus for Loop's global expansion strategy, leveraging India's low-cost environment and abundant waste polyester.
Management is scheduled to hold an update call on January 15, 2025, to discuss these business developments further. The report emphasizes the company's ongoing efforts to advance its commercialization plans and secure strategic partnerships.
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