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Deep Sky Alpha has announced a groundbreaking financing agreement with Finalta Capital, which will provide an $11 million credit facility to support the development of its carbon removal facility in Alberta, Canada. This facility aims to implement multiple direct air capture technologies to optimize carbon capture and storage.

Finalta Capital, Canada's largest private lender specializing in refundable tax credits, sees this partnership as a significant step in attracting institutional financing for climate solutions. Deep Sky Alpha's CEO emphasized that this deal validates carbon removal as a viable industry in Canada.