DRCR Transforms into Waste Oil Recycler While Spinning Off Tech Business for IPO

MATRIX FUELS (OTC: DRCR), formerly known as Dear Cashmere Holding Company, has embarked on a transformative journey to unlock shareholder value through a dual-strategy approach. The company recently completed a strategic restructuring, transferring its legacy online gaming technology business into a new entity expected to pursue an initial public offering (IPO) in 2026. Existing DRCR shareholders will retain their current holdings while receiving shares in the IPO company, with a dedicated website planned for registration and information access. Concurrently, DRCR is pivoting into the waste oil recycling sector, recognizing both environmental responsibility and economic opportunity in a market estimated to exceed $8 billion globally.

The company's transition into waste oil recycling addresses a critical environmental challenge while capitalizing on compelling market dynamics. With over 50 million metric tons of waste oil generated annually worldwide—much of it improperly disposed of—DRCR sees significant potential in re-refining this material into base oil, fuel oil, and lubricants. Chairman Nicolas Link emphasized the strategic logic of recycling what he calls 'black gold,' noting that geopolitical tensions and increasing energy demands from automation, logistics, and artificial intelligence data centers create sustained need for reliable fuel oils. DRCR plans to acquire an established, licensed refinery in Dubai operated by an experienced management team, with due diligence completed and closing expected in late Q1 or early Q2 2026.

This strategic shift represents a complete transformation for the company, which maintains the same ownership structure despite the business model overhaul. CEO James Gibbons indicated he anticipates transitioning out of executive management while remaining a significant shareholder as DRCR enters this new operational phase. The company believes shareholders will benefit from both the waste oil recycling business and participation in the technology business IPO, positioning DRCR for sustainable, cash-flow-positive growth. For additional details, readers can view the original release on www.newmediawire.com, which provides comprehensive information about this corporate evolution.