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NoviqTech Details Strategic Shift to Biochar Focus Amid Non-Coralia Asset Sale

11:16am on Thursday 18th of June, 2026 AEST Environmental Technology
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NoviqTech Details Strategic Shift to Biochar Focus Amid Non-Coralia Asset Sale

11:16am on Thursday 18th of June, 2026 AEST
Key Points
  • Non-Coralia asset sale followed unsolicited approach by Renaissance
  • Board prioritises Coralia biochar carbon removal business
  • CEO Freddy El Turk resigns as part of divestment transition
  • Transaction deemed not a change in core business under ASX rules
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