Mass Megawatts (OTCMKTS:MMMW) Stock Gains Momentum: Here are Key Developments
Companies involved in the renewable energy space are expected to be at the forefront of the revolution that might be coming in the future and hence, more and more investors are now interested in the sector. A company that you could look into at this point is Mass Megawatts (OTCMKTS:MMMW), which is involved in a range of renewable energy projects at this point.
Aluminum Micro Smelter as Anchor for its Small Community Solar Project
In this context, it may be a good time for investors to take a look at the announcement that had been made by the company back on January 10. The company announced at the time that the lion’s share of the electricity that is going to be generated by the 160 kW solar project is going to be deployed towards the powering of an aluminium recycling facility. The facility in question is small in size.
It was also noted that the electricity that is going to be supplied by Mass Megawatt is going to help with the running of one electric induction furnace at least. In this situation, it may be a good idea for investors to keep in mind that many of these projects that Mass Megawatts is targeting at this point in time could also bring in government incentives and that is something else that could prove to be a significant long term boost. On the other hand, the company also announced that the project is expected to be self-sustaining within the next three to four years.
Mass Megawatts’ Regulation A Stock Offering is Sold Out at Five Cents a Share
On the other hand, a development from back in December 2021 could also be worth noting. Back on December 7, 2021 the company had announced that it had been successful in completing the offering of as many as 5 million shares of its common stock. The shares were sold for five cents a share and Mass Megawatts managed to bring in as much as $250,000 in the form of fresh capital. The proceeds from the offering are going to be used by the company to further refine its products and also to boost sales in the near future.