Blackheath Resources to acquire clean energy assets of Wolverine for $150m.

Blackheath Resources, a Canada-based mineral exploration company, agreed to acquire clean energy assets of Wolverine, adiversified energy and infrastructure service provider, for $150m. Following completion of the transaction, GIP's operations will focus on creating value from by-products through acquiring, developing and optimizing technology and operating high quality assets. GIP's business will focus on energy transition and universal by-product management, deploying proven technologies to capitalize on expanding programs for alternatives to carbon emitting fuels. GIP will have a strategic presence in key markets in North America and intends to act quickly on opportunities with its understanding of incentives and other industry structures. In addition, the expected management of GIP firmly believes that repurposing its by-product and energy infrastructure will be key to achieving Global emission targets.