Terms
- Announced
- 29 Oct 2025
- Instrument
- Grants
- Amount
- US$0.50mReported as CAD 700,000, converted at 0.7148 USD/CAD (October 2025 average)
- Source
- northx.ca
Parties
- Project developer
- NULIFE GreenTech
- Recipient type
- Grant recipient
- Country
- Canada
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis NorthX Climate Tech Investor US$0.50m Sole provider: the whole transaction
Carbon
- Pathway
- Bio-oil / biomass burial
What happened
- NULIFE’s own ticket within a CAD 3.4m pool shared across four ventures. Natural Resources Canada funded NorthX at its founding but did not fund NULIFE directly and has no provider row.
Kumo note
- A small public ticket from a government-seeded fund sits beside a much larger Frontier offtake signed seven weeks later, which is the clearer signal of where this company’s capital comes from: customers rather than investors.
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