Hamilton is no longer for sale, it was removed from the MLS and is no longer listed.
Meanwhile, the adjacent 10-acre property located east of SusGlobal’s 5.3-acre site is now on the market for $30 million, or $3 million per acre. This listing significantly enhances the perceived value of SusGlobal’s existing property.
Importantly, SusGlobal holds the ECA license. If the combined 15 acres were to be marketed together, the presence of this license would add substantial value to the opportunity.
There remains the possibility that SusGlobal could acquire the 10-acre parcel, as they still have an agreement in place with Enbridge.
Additionally, the City of Belleville has signed a service agreement that references an “operate and manage” with an established and well-resourced company. Their involvement suggests strong confidence in the project’s potential and feasibility. The coming weeks and months are likely to be very revealing in the future direction of SNRG. Just my take on everything!
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