Greenway Technologies, Inc. (OTCQB: GWTI) entered into a non‑binding term sheet on December 5, 2025, with Swift Creek, LLC, a native‑ and veteran‑owned company that supports tribal economic development. The agreement values a modular G‑Reformer™ unit and a Fischer‑Tropsch unit—capable of producing at least five barrels of liquid hydrocarbons per day—at approximately $16 million. Under the terms, Greenway will retain a 20% share of the offtake from the produced liquids, while Swift Creek will act as a marketing representative and receive agreed commissions for securing customers. Greenway expects to negotiate definitive documentation by the first quarter of 2026.
The transaction is a pivotal commercial milestone for Greenway, which has spent a decade developing its proprietary Gas‑to‑Liquids technology but has yet to generate revenue. By selling the micro‑plant and securing a revenue‑sharing arrangement, Greenway gains an immediate cash infusion and a recurring income stream that can help address its working‑capital deficit and fund ongoing R&D. The partnership also opens access to tribal‑specific funding programs and market opportunities that may accelerate deployment of the technology.
Greenway’s financials underscore the importance of the deal. The company has posted net losses in every quarter of 2025 and reported a working‑capital shortfall of $12 million at year‑end. The $16 million term sheet therefore represents a critical liquidity event, providing the capital needed to bridge the gap between research and commercial operations. Management emphasized that the sale is “a first revenue‑generating step that will help us move from a pre‑revenue, R&D‑focused company to a revenue‑generating operator.”
CEO Doug Cogan highlighted the strategic fit of the partnership, noting that Swift Creek’s tribal ownership “positions us to tap into federal and state incentives that are not available to other players.” He added that the 20% offtake share will generate a predictable cash flow that can be reinvested in scaling the G‑Reformer™ platform. Swift Creek’s co‑founder Michael Stopp expressed confidence that the technology’s modularity and low‑carbon profile will resonate with tribal communities seeking sustainable energy solutions.
The announcement was well received by investors and analysts, who viewed the term sheet as a tangible move toward commercialization. While the company’s stock price rose modestly in the days following the announcement, analysts cited the deal’s potential to unlock new revenue streams and improve liquidity as key drivers of the positive market reaction.
Looking ahead, the partnership could serve as a launchpad for additional micro‑plant deployments across tribal lands and other underserved regions. If the definitive agreement is finalized, Greenway will be positioned to generate recurring revenue, reduce its reliance on capital raises, and demonstrate the commercial viability of its G‑Reformer™ technology—an outcome that could reshape the company’s long‑term growth trajectory.
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