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One and One Green Technologies Procures Over 2,000 Tons of Raw Materials in the Philippines
One and One Green Technologies announced that it has procured more than 2,000 tons of raw materials for its new metals recovery line in the Philippines. Installation of the line's smelting equipment is currently underway, and the company expects to commence production before the end of 2026. The new line is designed to process industrial waste to recover high-value metals, including copper, nickel, gold, and silver. "Our priority is to ensure that once equipment installation and commissioning are completed, we are positioned to ramp up production as quickly as possible," said Tina Yan, chairman and CEO of One and One Green Technologies. "By procuring raw materials in parallel with equipment installation, we are preparing the operation to move toward full production without unnecessary delay. We believe this approach will help accelerate the contribution of the new production line and establish it as a new source of growth for the Company."
One and One Green Tech Shareholders Extend Sale Restrictions to January 9, 2027
One and One Green Tech announced that shareholders beneficially owning 5% or more of the company's outstanding Class A ordinary shares have voluntarily agreed to extend restrictions on the sale of their shares for an additional six months, commencing on July 9 and ending on January 9, 2027. In aggregate, the participating shareholders represent approximately 67.7% of the company's outstanding shares, or approximately 31M Class A ordinary shares.
One and One Green Completes Chemical Testing Lab in Philippines
One and One Green announced that construction of its self-built professional chemical testing laboratory at the company's Philippine processing facility is substantially complete, with full operations targeted before the end of May. The new laboratory has been designed to provide independent internal capabilities across the full quality control cycle for all categories of materials handled by the company, including raw material inspection, in-process monitoring, and finished product verification.
One and One Green Technologies Signs Smelting Equipment Purchase Contract
One and one Green Technologies announced that it has executed a contract for the purchase of smelting equipment to support its previously announced production line in Metro Manila, Philippines. "The execution of this smelting equipment contract is a critical operational milestone in the build-out of our Philippine platform, moving us from strategic intent to installed processing capacity," said Tina Yan, chairman and CEO of One and One Green Technologies. "With our regulatory qualifications in place, raw material procurement channels established, and in-house chemical testing laboratory coming online this quarter, this equipment order completes the next foundational block of our vertically integrated recycling operation. We believe this positions the Company to capitalize on rising global demand for responsibly sourced copper, gold, and silver while addressing the equally important need for compliant management of industrial hazardous waste."
One and One Green Technologies Sells 1,733,334 Units at $7.50 Each
One and one Green Technologies announced that it has entered into a securities purchase agreement with two institutional investors for the sale of 1,733,334 units in a follow-on offering of its securities at a purchase price of $7.50 per Unit, each unit consisting of one Class A ordinary share and one warrant to purchase one and a half Class A Ordinary Shares. The gross proceeds from the offering are expected to be $13M, before deducting placement agent fees and other offering expenses. In addition, the investors have the right, for a period of 45 days following the closing, to purchase an additional $3M of Units on the same terms and conditions. The company intends to use the net proceeds from the offering for working capital and general corporate purposes. The closing of the offering is expected to occur on or about April 13, subject to the satisfaction of customary closing conditions. FT Global Capital is acting as the exclusive placement agent for the offering.
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