Acquisitions in Newfoundland and Labrador, Canada

Mysa announced the acquisition of intellectual property and related assets from Zen Ecosystems, expanding Mysa’s smart thermostat offerings beyond high-voltage electric systems into central heating/cooling and commercial energy management. The deal adds Zen’s cloud-based ZenHQ platform, enabling Mysa to serve more residential customers across North America and deepen its commercial energy management capabilities. Mysa will continue to support ZenHQ’s existing clients following the acquisition.

Braya Renewable Fuels, a Newfoundland and Labrador, Canada-based producer converting the Come-By-Chance refinery to renewable fuel operations, received a USD $300 million preferred equity investment from Energy Capital Partners (ECP). The financing supports Braya’s refinery conversion and expansion plans to produce low-carbon fuels including renewable diesel and sustainable aviation fuel, alongside existing owners Cresta Fund Management and North Atlantic Refining Corp. (managed by Silverpeak).

CEMEX USA signed a definitive agreement to purchase the assets of Atlantic Minerals Limited in Newfoundland, Canada, including a construction and chemical aggregates quarry and port operations. The acquisition is intended to secure long-term aggregates reserves and strengthen CEMEX’s supply chain serving Florida and the U.S. East Coast, with closing expected around the end of the first quarter of 2023 subject to conditions and approvals.

Vital Battery Metals Inc. entered into an option agreement to acquire a 100% interest in the Sting Copper Project, a package of five mineral licences in Western Newfoundland. The company will pay CAD $90,000, issue 5,000,000 common shares, and fund required exploration expenditures, while the optionors retain a 2% net smelter returns royalty (with a 1% buyback option).

Labrador Uranium Inc. (LUR), a subsidiary of Consolidated Uranium Inc., acquired a 100% interest in the Central Mineral Belt Uranium-Copper Project and the Notakwanon Uranium Project in Labrador from Altius Resources Inc., a wholly owned subsidiary of Altius Minerals Corporation. The consideration included 8,000,000 common shares of LUR issued to Altius and a 2% gross overriding royalty on the acquired projects.

Repairify, Inc. d/b/a asTech, a portfolio company of Kinderhook Industries, acquired Root Four Imagination Inc., the company behind the BlueDriver direct-to-consumer aftermarket automotive diagnostic scan tool and related services. The deal is described as asTech’s ninth add-on acquisition, and financing was provided by BBVA USA; financial terms were not disclosed.

Irving Oil and Silverpeak signed an agreement for Irving Oil to acquire North Atlantic Refining Corp., subject to regulatory review and satisfaction of sale conditions. The transaction includes North Atlantic’s 135,000 bpd refinery in Come By Chance, Newfoundland and Labrador, along with a network of retail sites and other marketing assets.

Imperva, Inc. acquired the data security (data masking) assets of Camouflage Software, Inc. and hired nearly all of Camouflage’s employees. The deal expands Imperva’s data protection portfolio by deepening its existing technology/OEM relationship with Camouflage and adding data masking capabilities for compliance and risk reduction.