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Foresta Secures $3.1M Funding Boost and Advances NZ Renewable Project

7:03pm on Monday 2nd of June, 2025 AEST 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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