EQTEC PLC (AIM:EQT) shares soared in Wednesday's early trade, rising over 50%, after it announced a complementary strategic expansion that aims to build on its waste-to-value gasification platform with selective exposure to capital-light resource assets linked to global electrification. The company said it is targeting critical and
precious metals including copper, gold and rare earth elements, alongside its core gasification technology, to introduce nearer-term cash-flow opportunities. “Selective, capital-light exposure allows us to balance the portfolio and introduce nearer-term value inflexion points while remaining aligned with the same electrification and decarbonisation drivers," said chief executive James Parsons. He added: "Since joining EQTEC, my focus has been on sharper execution, capital discipline and commercial outcomes, and that remains unchanged. I am confident in the medium-term potential of our gasification technology and team and in its ability to deliver scalable returns as multiple reference plants come onstream." EQTEC, meanwhile, noted constructive engagement with lenders and said discussions are advanced regarding a comprehensive restructuring of its existing debt facilities, aimed at deleveraging the balance sheet and improving liquidity. In London, the nanocap shares were up 55.45% changing hands at 0.086p.
