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Stock impact report

Why Aduro Clean Technologies (CNSX:ACT) Is Down 7.5% After US$20M Equity Raise And What's Next [Yahoo! Finance]

Aduro Clean Technologies Inc. (ADUR) 
Company Research Source: Yahoo! Finance
help finance construction of its demonstration-scale plant and support broader corporate needs. This move highlights the company's transition into a capital-intensive scale-up phase as it works to commercialize its recycling and upgrading technologies. With the recent share price declines, we'll examine how this US$20,000,000 capital raise reshapes Aduro's investment narrative and risk profile. This technology could replace computers: discover 28 stocks that are working to make quantum computing a reality To own Aduro Clean Technologies, you have to believe that its Hydrochemolytic™ Technology can move from promising pilots and MOUs into commercial plants that meaningfully address hard-to-recycle plastics, despite very limited current revenue and ongoing losses. The recent US$20,000,000 U.S. equity raise is important here: it both funds construction of the demonstration-scale plant, which remains the key near-term catalyst, and reduces the immediate risk of a funding shortfall Show less Read more
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