J-Star Holding Announces Capital Initiatives To Finance Construction Of Its Automated Carbon Fiber Manufacture Site In Houston, Secures Requisite Capital To Acquire Automated Equipment, Execute Site Preparation In U.S.

J-Star Holding Co., Ltd. (NASDAQ: YMAT) has announced capital initiatives aimed at financing the construction of an automated carbon fiber production facility in Houston, Texas. The funding will be used to acquire automated equipment and prepare the site for mass production of drone frames for commercial and defense UAVs. The facility will leverage initial R&D and material testing from a Japan-based, Tier-1 multinational carbon fiber supplier.