1606 Corp signs LOI with Prime Tex on sale or assignment of Texas biomass power, data center project rights
CBDW•Due diligence and timeline
Prime Tex will conduct due diligence before any definitive agreement. Either party may walk away without liability.
The LOI expires on Dec. 31, 2026 unless extended, and 1606 may continue to pursue other bidders because the process is non-exclusive.
LOI covers Texas project rights
1606 Corp said it entered a non-binding letter of intent with Prime Tex Group, USA to explore a sale or assignment of its rights in a Texas project.
The potential deal involves contractual interests tied to a 132-acre biomass power plant site planned for data center redevelopment.
