Ecolomondo Corporation Announces Court Approval for Asset Sale

Montreal, Québec — October 23, 2026 — Leads & Copy — The Superior Court of Québec (Commercial Division) has approved an Asset Purchase Agreement for the sale of substantially all of Ecolomondo Corporation's assets outside the ordinary course of business to Tire Reviver Inc. The approval, granted by the Court, authorizes the sale under an agreement dated October 1, 2026, with KPMG Inc. acting as the monitor.

KPMG Inc., in its capacity as monitor for Ecolomondo Corporation and its wholly-owned subsidiaries, served as the vendor in the transaction. The subsidiaries involved include Ecolomondo Environmental (Hawkesbury) Inc., Ecolomondo Environmental (Contrecoeur) Inc., 9083-5018 Québec Inc., and Ecolomondo Advanced Carbon Technologies Inc., collectively referred to as the Debtors. Tire Reviver Inc. is the designated purchaser.

The net proceeds generated from this asset sale will be distributed in accordance with applicable legislation. Further details regarding Ecolomondo Corporation's proceedings under the Companies' Creditors Arrangement Act (CCAA) are available on the Monitor's website. The company indicated that additional news releases will be issued as required by law, securities regulations, or as deemed necessary by the Company or the Court.

Ecolomondo Corporation, headquartered in Québec, is a Canadian cleantech company. Its core technology, the proprietary Thermal Decomposition Process (TDP), is designed to recover valuable commodities from scrap tire waste. These recovered materials include recovered carbon black (rCB), tire-derived oil (TDO), syngas, fiber, and steel.

Source: Ecolomondo Corporation