Clean Energy Transition Inc. Completes Pivot with Launch of transition.inc Website
TORONTO, ON / ACCESSWIRE / June 7, 2024 / Clean Energy Transition Inc. (formerly Rogue Resources Inc.) (TSXV:TRAN) has successfully completed its pivot to focus on opportunities in the energy transition sector. As part of this transition, the company has launched its new website, transition.inc, to provide stakeholders and investors with updated information as the business evolves.
In an effort to keep investors informed, Clean Energy Transition Inc. will be posting a Corporate Update on www.transition.inc at 5pm Eastern time on June 12th, 2024. Stakeholders are encouraged to submit questions in advance through the website’s submission form.
Additionally, the company has finalized two significant transactions. The Bobcaygeon Quarry, which was not operational, has been returned to its original vendor, along with the discharge of the $700,000 Vendor Mortgage associated with the asset. This move, together with the earlier sale of the Orillia Quarry, signifies the conclusion of the Rogue Stone business. On the acquisition front, Clean Energy Transition Inc. has secured an Ontario mining lease for $150,000 in cash consideration. Should a feasibility study compliant with National Instrument 43-101 Standard of Disclosure for Mineral Projects be submitted, the company will issue 1 million shares and provide a 1% net smelter return royalty to the vendor.
Clean Energy Transition Inc., known as transition.inc, is dedicated to pursuing opportunities that generate positive cash flow in the energy transition sector. The company’s Quartz division is actively developing its silica/quartz business through projects such as the Snow White Project in Ontario and the Silicon Ridge Project in Québec. The high-quality silica found in quartz is a crucial component in the production of silicon metal, which is essential for solar energy panels.
In conclusion, Clean Energy Transition Inc. has successfully completed its pivot towards the energy transition sector, with the launch of its new website and significant transactions. The company’s focus on generating positive cash flow through its Quartz division demonstrates its commitment to sustainability and innovation in the energy sector.
For further information, visit www.transition.inc or contact Sean Samson, President & CEO at Clean Energy Transition Inc. at (647) 243-6581 or via email at info@transition.inc.
SOURCE: Clean Energy Transition Inc.