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Why Sumitomo’s $24M Bet on MSV’s Loop Could Reshape Mining Decarbonisation
3:33am on Saturday 30th of August, 2025 AEST
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Energy
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Why Sumitomo’s $24M Bet on MSV’s Loop Could Reshape Mining Decarbonisation
3:33am on Saturday 30th of August, 2025 AEST
Key Points
Sumitomo to acquire up to 25% equity in Loop through staged cash investments
Loop valued at approximately $24 million following initial tranches
Investment contingent on Loop securing or extending drilling contracts
Loop offers end-to-end decarbonisation services focused on mining emissions
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