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Carbonxt Nears Kentucky Plant Launch, Raises $2.5M, Boosts Sales and Margins
4:40am on Monday 2nd of June, 2025 AEST
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Cleantech
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Carbonxt Nears Kentucky Plant Launch, Raises $2.5M, Boosts Sales and Margins
4:40am on Monday 2nd of June, 2025 AEST
Key Points
Kentucky activated carbon facility commissioning progressing, nearing production
Raised $2.5 million via Share Purchase Plan, convertible notes, and placement
Activated Carbon Pellet sales rebound; Powdered Activated Carbon sales strong under ReWorld contract
Lease restructure at Black Birch reduces fixed costs by over 50%, improving cash flow
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