Infinitum Updates & More

VANCOUVER, BC / November 26, 2023 / Infinitum Energy Pte. Ltd. (“Infinitum“, “iEg“, or the “Company“) is pleased to announce the Company has received Presidential Committee approval to develop the first 100MW phase of the Company’s 350MW solar project in the Hambantota region of Sri Lanka.  This approval paves the way for iEg to maintain the development schedule of this critical project. The project is expected to reduce the country’s carbon emissions by more than 147,000 tons annually, and save the government $35,000,000 in imported fuel costs. Lindsay Nagle, Infinitum’s CEO, commented: "This critical approval poises Infinitum to be well positioned going into an exciting 2024 with two projects slated for construction. Our local Country...

VANCOUVER, BC / September 23, 2023 / Infinitum Energy Pte. Ltd. (“Infinitum“, “iEg“, or the “Company“) held a pivotal meeting with His Excellency President Julius Maada Bio (“His Excellency”) of Sierra Leone during the United Nations General Assembly in New York, centered around the Company's groundbreaking $189 million Waste-to-Energy Project that is poised to be transformative for Sierra Leone's energy landscape. Subsequent to meeting with His Excellency, CEO Lindsay Nagle, joined by CSO Dr. Jahan Moghadam, made a strategic presentation on the project to Dr. Kandeh Kolleh Yumkella, Sierra Leone’s newly appointed Chairman of the Special Initiative for Climate Change, Renewable Energy and Food Security, was attended by several dignitaries. Notable government officials such as...

VANCOUVER, BC / July 22, 2023 / Infinitum Energy Pte. Ltd. (“Infinitum“, “iEg“, or the “Company“) regrets to inform stakeholders that Infinitum has served MyTC Corporation (“MyTC”); its sole shareholder eWealthtech LLC (“eWealth”); and it’s Directors, Mr. Mrudang Patel (“Mru Patel”, or “Patel”) and Mr. Bharat Sevak (“Sevak”) with a notice of default for their subscription of the Company’s $7,500,000 Series A financing jointly announced November 18, 2022.   Infinitum has made numerous attempts over the previous months to find an amicable solution with MyTC, Patel and Sevak. As a result of MyTC not responding to the Notice of Default sent on July 10th, 2023, iEg deems MyTC to have defaulted in its obligations and...

VANCOUVER, BC / March 29, 2023 / In a significant development, Infinitum Energy Pte. Ltd. (“Infinitum“, “iEg“, or the “Company“) made a compelling presentation on March 28, 2023 to the Sierra Leone Parliamentary Standing Committee on Planning and Economic Development, held at the House of Parliament in Freetown. The meeting marked a pivotal moment for iEg's plans to provide a substantial 30 megawatts of electricity for Sierra Leone's Western Area by harnessing the power of waste-to-energy (the “Project”), resulting in preliminary Parliamentary approval of the project.  The Project represents the single largest impact project on the continent and is a landmark for Sierra Leone. Project Highlights:       30MW of clean, renewable, 24/7 baseload...

VANCOUVER, BC / March 5, 2023 / Infinitum Energy Pte. Ltd. (“Infinitum”, “iEg”, or the “Company”), a pioneering climate infrastructure company, is pleased to announce the agreement with the Mahaweli Authority for up to 1,100 acres of land in Sri Lanka. This acquisition marks a pivotal advance in the implementation of iEg’s renewable energy portfolio and enables the Company to move into the next phase of conducting detailed project studies. Infinitum has been approved to spearhead the development of a portfolio of wind and solar projects, cumulatively expected to deliver a robust 488MW installed capacity. This initiative aligns with Sri Lanka's strategic plan to reduce its reliance on imported thermal fuel through the integration of...

VANCOUVER, BC / ACCESSWIRE / November 18, 2022 / Infinitum Energy Pte. Ltd. (“Infinitum“, “iEg“, or the “Company“) is pleased to announce it has closed a non-brokered private placement for gross proceeds of $7,500,000 priced at $0.75 per Common Share. The private placement was fully subscribed by eWealthTech LLC (“eWealthTech“), through their wholly owned US-based subsidiary, MyTC Corporation (“MyTC“). Pursuant to significant interest, the Company announces that it is arranging a follow-on non-brokered private placement financing for up to $2,500,000, also priced at $0.75 per Common Share, targeting close prior to December 15, 2022. Mr. Lindsay Nagle, CEO of Infinitum, commented: “We are very pleased to have MyTC as an equity partner going forward, as their ESG-focused experience as a leading-edge impact…

Vancouver, B.C., February 1, 2022 – Infinitum Energy Pte Ltd. (“Infinitum”, “iEg”, or the “Company”) is pleased to announce it has entered into a joint venture agreement (the “JV Agreement”) with Samsara Energy Management LLC (“Samsara”) to develop a 240MW wind energy project in Mongolia (the “Project”). Pursuant to the JV Agreement, Samsara has secured 200 hectares of land in a potential Class 1 wind area (the “Project Site”), which will be contributed to the Project. The Company anticipates up to 240MW of installed wind capacity at the Project Site. The Project Site’s Class 1 designation gives this project tremendous energy generation potential relative to the land required, thus making the project far more attractive…

Vancouver, B.C., December 23, 2021 – Infinitum Energy Pte Ltd. (“Infinitum”, “iEg”, or the “Company”) is pleased to announce it has entered into an amalgamation agreement dated December 14th, 2021 ( the “Amalgamation Agreement”) by and among the Company, Infinitum Energy Ltd. (“Subco”), a wholly-owned British Columbia based subsidiary of Infinitum, and Lambo Acquisition Corp. (“Lambo”), pursuant to which, Subco agreed to amalgamate with Lambo by way of a three-cornered amalgamation (the “Transaction”) to form one corporation, continuing under the name Infinitum Energy Pte Ltd. (“Amalco”). About Infinitum Energy Pte Ltd. Infinitum is a climate infrastructure company focused on emerging market clean-energy project development, domiciled in Singapore. The team’s prior experience includes more than $12B…