The latest announcement is out from Delta Cleantech, Inc. ( (TSE:DELT) ).
Delta CleanTech Inc. announced the resignation of Jeffrey Allison as director and officer, with Marty Seymour appointed as the new CEO. This leadership change coincides with the sale of Delta’s emission reduction division to Scovan Inc., which will employ Allison and some Delta team members to continue developing CO2 capture and solvent reclamation businesses. The company plans to change its name following the sale, with a special shareholders’ meeting scheduled to vote on the amendment. This strategic move is expected to impact Delta’s operations and industry positioning, potentially leading to royalties from successful projects under Scovan.
More about Delta Cleantech, Inc.
Delta CleanTech Inc. is a 19-year ESG-driven global technology leader specializing in CO2 capture, decarbonization of energy, solvent and glycol reclamation, blue hydrogen production, and carbon credit aggregation and management. The company provides solutions worldwide for sequestering, capturing, and reducing CO2 emissions and, through its affiliate Carbon RX, is involved in originating, validating, digitizing, and streaming carbon credits.
YTD Price Performance: 50.0%
Average Trading Volume: 53,170
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$3.45M
Learn more about DELT stock on TipRanks’ Stock Analysis page.