What is the purpose of the C$2.92 million funding secured by Loop Canada Inc.?

The C$2.92 million in non-dilutive funding and advisory services from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) will support the scale-up, engineering, operational efficiency, and deployment of Loop's Infinite Loop technology platform, aimed at advancing its proprietary plastic recycling technology towards commercial-scale deployment.

How did Loop Industries' stock react to the announcement of the government funding?

Loop Industries' shares rose by 10.3% following the announcement that its Canadian subsidiary, Loop Canada Inc., secured up to C$2.92 million in non-dilutive funding and advisory services from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

Loop Industries Stock Jumps on C$2.92M Government Funding

Jun 4, 2026

Loop Industries shares rose 10.3% after securing C$2.92 million in non-dilutive funding from Canada's National Research Council. The grant will accelerate the commercial deployment of its proprietary Infinite Loop plastic recycling technology.

Investing.com South Africa

Loop Industries stock jumps on C$2.92M government funding

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