ECM:CC - Ecolomondo Announces Non-Brokered Private Placement for up to C$1.5 Million

(TheNewswire)

June 13, 2024. Montréal, Quebec – TheNewswire – Ecolomondo Corporation (TSXV: ECM) (OTC: ECLMF) (the “ Company ” or“ Ecolomondo ”), a cleantech company specializing in thecommercialization of its Thermal Decomposition Process(“ TDP ”) proprietary recycling technology and the globaldeployment of TDP turnkey facilities, ispleased to announce that it will complete a non-brokered privateplacement (the " Offering ") for gross proceeds of up toC$1,500,000 from the sale of up to 8,333,333 units of the Company(each, a “ Unit ”) at a price of C$0.18 per Unit. Each Unit will consist ofone common share of the Company (each, a “ Unit Share ”) andone common share purchase warrant (a “ Warrant ”). EachWarrant shall entitle the holder to purchase one common share of theCompany (each, a “ WarrantShare ”) at a price of C$0.24 at any time on orbefore that date which is 2 years after the closing date of theOffering.

Subject to compliance with applicable regulatoryrequirements and in accordance with National Instrument 45-106 –Prospectus Exemptions (“ NI45-106 ”), the Units will be offered for saleto purchasers in the provinces of Quebec, Alberta, British Columbia,Manitoba, Ontario and Saskatchewan pursuant to the listed issuerfinancing exemption under Part 5A of NI 45-106 (the “ Listed Issuer FinancingExemption ”). The Unit Shares and WarrantShares are expected to be immediately freely tradeable underapplicable Canadian securities legislation if sold to purchasersresident in Canada.

The Offering is scheduled to close in one or moretranches with the final closing no later than July 28, 2024, and issubject to certain conditions including, but not limited to, thereceipt of all necessary approvals including the approval of the TSXVenture Exchange. The Company intends to usethe net proceeds from the Offering to optimize the process andproduction in the Hawkesbury TDP Facility and for working capital andgeneral corporate purposes. At the closing ofthe Offering, the Company may pay to certain finders a cash commissionup to 7.0% of the gross proceeds of the Offering resulting frompurchasers introduced by such finders.

There is an offering document related to the Offeringthat can be accessed under the Company’s profile at www.sedarplus.caand on the Company’s website at www.ecolomondo.com .Prospective investors should read the offering document before makingan investment decision.

None of the securities sold under the Private Placementhave been and will not be registered under

the United States Securities Act of 1933, as amended,and no such securities may be offered or sold in the United Statesabsent registration or an applicable exemption from the registrationrequirements. This news release shall not constitute an offer to sellor the solicitation of an offer to buy nor shall there be any sale ofthe securities in the United States or any jurisdiction in which suchoffer, solicitation or sale would be unlawful.

About Ecolomondo Corporation

Ecolomondo Corporation is a Canadian cleantech companythat prides itself after its proprietary Thermal Decompositiontechnology TDP which is headquartered in Québec, Canada. It has a25-year history and during this time has been focused on itsdevelopment of its technology and the deployment of TDP turnkeyfacilities. TDP recovers high value re-usable commodities from scraptire waste, notably rCB, oil, syngas, fiber and steel.

Ecolomondo expects to be a leading player in thecleantech space and be an active contributor to the global circulareconomy. Ecolomondo trades in Canada on the TSX Venture Exchange underthe symbol (TSXV:ECM) and in the United States under the symbol(OTCQB:ECLMF). To learn more, visit www.ecolomondo.com

About the Hawkesbury Plant – A 2-Reactor TDPFacility

The Hawkesbury facility building is 46,200 sq.ft andhas an impressive indoor clearance of 28 feet. It is state-of-the-artand houses 4 main production departments, tire shredding, thermaldecomposition, recycled carbon black refining and oil fractionation.Once fully operational, this facility is expected to process 1.3M ofscrap tires per year and produce 8.7M lbs of recovered carbon black,34,608 barrels of oil, 2.9M lbs of steel, and 2.6M lbs of processgas.

About the Shamrock Project – A 6-Reactor TDPFacility

Processing capabilities for the Shamrock facility isprojected at 5.5M per year of end-of-life tires, yieldingapproximately 35.1M lbs of recovered carbon black, 128,100 barrels ofoil, 11.9M lbs of steel, and 10.6M lbs of syngas; roughly three timesthe size of the Company’s Hawkesbury (Ontario) plant output..Projected cost to build is approximately US $93 million.

Our Mission, Vision & Strategy

Ecolomondo’s mission is to be a contributingparticipant in a dynamic Circular Economy and to increase shareholdervalue by producing and supplying large quantities of recoveredresources to be re-used in the manufacture of new products.

Ecolomondo’s vision is to be a leading producer andreseller of recovered resources by building and operating TDPfacilities, strategically located in industrialized countries, closeto feedstock, labor and offtake clients.

Our strategy is to become a major global builder andoperator of TDP turnkey facilities, for now specializing in theprocessing of ELTs. Our intent is to expand aggressively in NorthAmerica and Europe. Our experience and modular technology should helpus get there faster and better. We plan to keep performing ongoingresearch and development to ensure that Ecolomondo remainstechnologically advanced.

ISCC Certification

ISO Certification

The Company has obtained ISO 9001:2015, ISO 14001:2015& ISO 45001:2018 certification of its Integrated Management System(IMS), which acknowledges Ecolomondo’s commitment for quality,environmental impact and health and safety at work.

Environmental, Social & Governance (ESG)

On the social aspect the Company plans to measureglobal health and safety, injury rate and gender diversity, andfinally in the corporate governance aspect, the Company is measuringethics and anticorruption, ESG reporting and boardindependence.

About TDP

The TDP process is technically proven and more advancedthan most other pyrolysis technologies. Over the years, ourTechnological teams were able to overcome all uncertainties thatplagued most competitors especially in these areas: pre-filtration,reactor cooling, reactor rotation, water recycling, processing of rCB,(hydrocarbon removal), mass monitoring, heat curve development,humidity and water removal, safety testing, system automation,emissions control and monitoring.

TDP is Environmentally Friendly – CO2Reduction

By producing rCB, TDP reduces GHG emissions by 90%versus the production of virgin carbon black. The production of rCB atthe Hawkesbury and Shamrock facilities are expected to reduce CO2emissions by 22,400 and 67,200 tons per year, respectively.

Please follow Ecolomondo on Twitter, Facebook,LinkedIn, Instagram and YouTube.

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Ecolomondo CorporationContact:

Gary Economo

Chief Executive Officer, Ecolomondo

Tel: (450) 587-5999

geconomo@ecolomondocorp.com

www.ecolomondo.com

Cautionary Note Regarding ForwardLooking Statements

The information in this news release includes certaininformation and statements about management’s view of future events,expectations, plans and prospects that constitute forward lookingstatements. These statements are based upon assumptions that aresubject to significant risks and uncertainties. Because of these risksand uncertainties and as a result of a variety of factors, the actualresults, expectations, achievements or performance may differmaterially from those anticipated and indicated by theseforward-looking statements. Although Ecolomondo believes that theexpectations reflected in forward looking statements are reasonable,it can give no assurance that the expectations of any forward-lookingstatements will prove to be correct. Except as required by law,Ecolomondo disclaims any intention and assumes no obligation to updateor revise any forward-looking statements to reflect actual results,whether as a result of new information, future events, changes inassumptions, changes in factors affecting such forward-lookingstatements or otherwise.

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

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