Business
Skycap Investment Holdings Inc. Announces US$4.17 Million SAFE Investment in Clean Metals
Toronto, Ontario--(Newsfile Corp. - May 9, 2025) - Skycap Investment Holdings Inc. (formerly Li-Metal Corp.) (CSE: SKY) (the "Company") is pleased to announce that it has entered into a Simple Agreement for Future Equity (SAFE) with Clean Metals Recycling N.A. Inc. ("Clean Metals") for a principal investment amount of US$4.17 million. The SAFE will convert into equity upon the completion of Clean Metals' next financing round.Clean Metals is a Canadian-based environmental services and critical ..
About this update from Skycap Investment Holdings Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 9, 2025) - Skycap Investment Holdings Inc. (formerly Li-Metal Corp.) (CSE: SKY) (the "Company") is pleased to announce that it has entered into a Simple Agreement for Future Equity (SAFE) with Clean Metals Recycling N.A. Inc. ("Clean Metals") for a principal investment amount of US$4.17 million. The SAFE will convert into equity upon the completion of Clean Metals' next financing round.","length":453,"tagName":"p"},{"type":"text","content":"Clean Metals is a Canadian-based environmental services and critical materials company focused on the recovery of metals from hazardous waste streams, end-of-life vehicles, and industrial by-products. The company is actively executing a national roll-up strategy targeting the acquisition of high-margin, cash flow-positive environmental services businesses across the United States.","length":383,"tagName":"p"},{"type":"text","content":""This investment reflects Skycap's strategy of backing high-growth companies with a strong environmental and commercial mandate," said Brad Morris, CEO of Skycap. "Clean Metals is well positioned to become a market leader in hazardous waste recovery and critical materials recycling, and we are excited to support their expansion."","length":355,"tagName":"p"},{"type":"text","content":"Skycap's investment in Clean Metals reflects the company's confidence in the long-term upside of consolidation strategies within environmental services recycling. Clean Metals is targeting high-margin, cash-flowing businesses in overlooked segments of the market - areas often bypassed by larger incumbents. This strategic focus positions the company to rapidly build scale and drive operational efficiencies. In parallel, Skycap remains committed to delivering shareholder liquidity outcomes and intends to deploy future capital into sectors with strong fundamentals and a clear path to timely liquidity events, ensuring that the Company's portfolio is aligned with both market opportunities and value realization for investors.","length":741,"tagName":"p"},{"type":"text","content":"Skycap looks forward to sharing additional updates as it advances both its long-term and near-term investment strategies. With active capital deployment plans underway and a pipeline of opportunities under review, ...