Japan’s Kajima Corporation Makes Direct Investment in Eavor Technologies Inc. [Canadian Business Journal (Canada)]
KAJIMA CORP UNSP/ADR (KAJMY)
NASDAQ:AMEX Investor Relations:
kajima.co.jp/english/ir/index.html
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Source: Canadian Business Journal
CALGARY, Alberta and TOKYO, Feb. 20, 2024 (GLOBE NEWSWIRE) — Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal energy technology, has entered into an agreement with Kajima Corporation (“Kajima”) to receive a direct investment into the company.The investment by Kajima demonstrates Eavor’s ability to attract capital from various entities and develop key partnerships with industry leaders worldwide. The Kajima investment not only strengthens Eavor’s balance sheet, enables the growth and deployment of Eavor’s technology in various market sectors, it also represents the third major investment in the company by a Japanese entity.The investment aligns with Kajima’s aim to further its position as a leader in the energy transition in Japan, and beyond, while also integrates Kajima’sEnvironmental Vision of Triple Zero 2050Eavor-Loop™ utilizes heat from the natural geothermal gradient of the Earth, as opposed to tapping natural hot springs, which are commonly seen in
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