Astra Energy Inc. has announced a new shareholder agreement following a unanimous vote by its Board of Directors on June 5th, 2025. The agreement involves a settlement and stock redemption with Holcomb Energy Systems LLC and HRE Scientific Holdings Ltd. As part of the deal, Holcomb will return 10 million restricted common shares to Astra. In exchange, Astra will relinquish its 50% stake in the joint venture, Astra-Holcomb Energy Systems LLC, and the exclusive global manufacturing and distribution rights for specific patents. However, Astra retains a non-exclusive license to use the technology in its projects, subject to a 7.5% royalty and a 2.5% contribution towards research and development. Astra believes this technology will significantly enhance the return on investment in its projects.
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