Business
Green Impact Partners Reports Q2 2025 Results and Provides Business Updates
Calgary, Alberta--(Newsfile Corp. - August 28, 2025) - Green Impact Partners Inc. (TSXV: GIP...
About this update from Green Impact Partners Inc
[{"type":"text","content":"Green Impact Partners Reports Q2 2025 Results and Provides Business UpdatesCalgary, Alberta--(Newsfile Corp. - August 28, 2025) - Green Impact Partners Inc. (TSXV: GIP) (\"GIP\" or the \"Company\") provides a summary of its second quarter 2025 results and key business updates.Key ActivitiesSigned Definitive Agreement to Sell Its Water and Recycling Facilities: On May 21, 2025, the Company entered into a definitive agreement with a purchaser for the sale of its water, waste treatment, and recycling facilities located in Alberta and Saskatchewan (the \"PSA\") for a purchase price of $53.25 million, subject to working capital adjustments (the \"Transaction\"). The Company and the purchaser have renegotiated the terms for a further extension to close the Transaction which is now expected to occur on or before September 15, 2025. As a result of the extensions, the Transaction purchase price has increased to $54.25 million, and the purchaser has paid GIP an additional $1.5 million deposit. The total amount of non-refundable deposits and exclusivity fees received and available for immediate use by GIP is now $2.25 million. In addition, the purchaser has agreed to pay out the previously announced Vendor Take Back loan in full by October 31, 2025. The termination fee payable to GIP remains at $7.5 million. The Transaction is conditional on the purchaser closing financing and the satisfaction of other negotiated closing conditions, including receipt of final approval from the TSX Venture Exchange.While GIP continues to progress closing of the Transaction with the purchaser, GIP has executed a non-binding term sheet with an alternative third party for the sale of its water, waste treatment and recycling facilities. The Company is actively negotiating a definitive agreement for the sale of these assets with this third party, with a target closing date of September 30, 2025.Executed Lead Equity Partner Term Sheet for the Future Energy Park (\"FEP\"): GIP finalized a non-binding, equity term sheet with a global Japanese investment partner for the lead project equity investment in FEP. Closing is subject to obtaining final internal approvals, entering into definitive investment agreements, the close of project-level debt financing and other customary terms and conditions.Additional Insider Investment: On June 12, 2025, the Company entered...