Westaim Corp. (WED.TO) on Friday announced a purchase and sale agreement between its wholly owned subsidiary iFire Technology Ltd. and CTS Group Ltd.
Under the agreement, iFire will sell its equipment, patents and intellectual property for net proceeds of about US$8.0 million.
The sale is subject to several conditions, including iFire obtaining certain Government of Canada consents and approvals, which are expected to be obtained by mid-November.
CTS Group is a Canadian-Chinese joint venture with established operations in Henan province, People's Republic of China.
For comments and feedback contact: editorial@rttnews.com
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.