Montréal, QC — September 16, 2025 — Deep Sky, the Montreal-based carbon removal project developer, announced today the closing of a bespoke credit facility for its flagship Deep Sky Alpha facility, located in Innisfail, Alberta with Montreal-based Finalta Capital, Canada’s largest private lender specializing in the financing of refundable tax credits.

This $11M credit facility, specifically designed to finance Deep Sky’s capital investments in carbon capture, storage & utilisation (CCUS), is a first of its kind in Canada.

“This landmark deal sends a clear signal: carbon removal is no longer a moonshot in Canada, it’s a bankable industry,” said Alex Petre, Deep Sky CEO. “By pioneering innovative debt financing, we’re unlocking the capital needed to scale carbon removal and cement Canada’s leadership in the global climate economy.”

Deep Sky Alpha is the world’s first cross-technology carbon removal facility, which captures and sequesters CO₂ from the atmosphere and generates high-quality carbon removal credits. From breaking ground to operational in just 12 months, Alpha became the first direct air capture (DAC) facility in North America to sequester CO₂ underground in August 2025. The commercial facility has already pre-sold all of its carbon removal credits.

A breakthrough in climate finance, the agreement with Finalta Capital underscores a growing appetite among financial institutions to back climate infrastructure and demonstrates the sector’s ability to attract private capital that’s typically inaccessible to fast-growing climate organizations. By structuring this pioneering facility, Finalta demonstrates its ability to rapidly unlock liquidity for fast-growing companies in emerging sectors.  

“At Finalta Capital, our mission is to accelerate the growth of Canada’s most innovative companies by providing enhanced non-dilutive liquidity solutions on the basis of their refundable tax credits,” said Pierre-Luc Labelle, Finalta Capital President. “Partnering with Deep Sky to finance CCUS capital investments is a milestone not only for our firm, but for the entire climate sector. It proves that breakthrough climate solutions can attract institutional-level financing today, while generating both environmental and economic returns tomorrow.”

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About Deep Sky
Montreal-based Deep Sky is the world's first tech-agnostic carbon removal project developer aiming to remove gigatons of carbon from the atmosphere and permanently store it underground. As a project developer, Deep Sky brings together the most promising direct air and ocean carbon capture companies under one roof to bring the largest supply of high quality carbon credits to the market, commercializing and catalyzing carbon removal and storage solutions like never before. With $130M in funding, Deep Sky is backed by world class investors including Investissement Québec, Brightspark Ventures, Whitecap Venture Partners, OMERS Ventures, BDC Climate Fund, Breakthrough Energy Catalyst, BMO, National Bank of Canada, and more. For more information, visit deepskyclimate.com.

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About Finalta Capital
Finalta Capital is Canada’s largest private lender specializing in tax credit financing. Offering up to 100% more liquidity than traditional lenders at institutional-level interest rates, and with quarterly disbursements in anticipation of expenses. Finalta helps innovative companies in technology, life sciences, multimedia, and now climate solutions accelerate their growth while preserving equity. For more information, visit finaltacapital.com.

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