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Foresta Secures $3.1M Funding Boost and Advances NZ Renewable Project
7:03pm on Monday 2nd of June, 2025 AEST
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Renewable Energy
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Foresta Secures $3.1M Funding Boost and Advances NZ Renewable Project
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Raised $2 million via convertible note linked to director Russell Allen
Completed $1.1 million share placement with attaching options
Exclusive license secured for E3 Carbon’s torrefaction technology
Letter of intent signed with Lawter Inc. NZ for biomass product offtake
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