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BASE CARBON INC - BCBNF STOCK NEWS

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BASE CARBON INC (BCBNF) is a leading company in the renewable energy sector, specializing in innovative projects worldwide. Their core business focuses on developing sustainable solutions for household devices, cookstoves, and nature-based removals in countries like Vietnam, Rwanda, and India. With a strong financial position and strategic partnerships, BASE CARBON INC continues to drive positive change and growth in the industry.

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Base Carbon Inc. (BCBNF) reported Q3 2024 results with significant operational milestones. The company received $11.2 million from carbon credit sales from Vietnam and Rwanda projects. Total payments from the Vietnam project reached $30 million, representing full capital expenditure payback and 43.9% return on investment. The company completed planting 6.5 million trees in India ARR project and holds 1.7 million Article 6 Authorized carbon credits. As of September 30, 2024, Base Carbon had total assets of $126.9 million, including $13.6 million in cash, $9.2 million in carbon credit inventory, and $101.4 million in project investments.

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Base Carbon Inc. (BCBNF) has received a second transfer of 1,014,635 carbon credits from its Rwanda project, all designated with Verra's Article 6 Authorized label. This transfer comes after 23,060 credits were retired for global emission reductions and 115,300 credits were allocated to the Government of Rwanda. The company's total inventory from the Rwanda project now stands at 1,712,193 Article 6 Authorized labeled carbon credits.

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Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) has announced key project updates:

  • The India ARR project has completed planting 6.5 million trees, expected to generate 1.6 million carbon credits over 20 years.
  • The Rwanda project anticipates receiving 1,014,635 Article 6 Authorized carbon credits soon.
  • The Vietnam project expects to receive an estimated 1.8 million additional carbon credits as early as late Q4, 2024.
  • Verra has updated its cookstove project methodology to enhance credibility and integrity.

The company holds an inventory of 700,000 Article 6 Authorized carbon credits from the Rwanda project and believes maintaining a short-term inventory will allow for positive exposure to anticipated price momentum and liquidity. Base Carbon continues to support the operational excellence of the DelAgua Group as the Rwanda project developer.

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Base Carbon Inc. (BCBNF) reported its Q2 2024 financial results, highlighting significant progress in its carbon credit projects. The company received $12.5 million from carbon credit sales in Vietnam during the quarter, with an additional $11.2 million post-quarter from Vietnam and Rwanda projects. The Rwanda cookstoves project achieved its first issuance of 717,558 carbon credits, valued at $9.3 million. The India ARR project has planted over 82% of the planned 6.5 million trees. As of June 30, 2024, Base Carbon had total assets of $127.2 million, including $7.5 million in cash and $108.8 million in carbon credit project investments. The company reported a net income of $7.47 million for the quarter, with basic and diluted income per share of $0.06.

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Base Carbon Inc. (BCBNF) reported its Q2 2024 financial results, highlighting significant progress in its carbon credit projects. The company received $12.5 million from carbon credit sales in Vietnam during the quarter, with an additional $11.2 million post-quarter from Vietnam and Rwanda projects. The Rwanda cookstoves project achieved its first issuance of 717,558 Article 6 Authorized carbon credits, valued at $9.3 million. The India ARR project has planted over 82% of its planned 6.5 million trees.

As of June 30, 2024, Base Carbon had total assets of $127.2 million, including $7.5 million in cash and $108.8 million in carbon credit project investments. The company reported a net income of $7.47 million for the quarter, with gains on carbon credit project investments of $10.67 million.

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Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) has announced receipt of $11.2 million from carbon credit sales from its Vietnam and Rwanda projects. Key highlights include:

1. Total payments of $30 million from the Vietnam project, achieving full payback within 2 years.
2. Inventory of 700,000 Article 6 labeled carbon credits from the Rwanda project, potentially eligible for CORSIA.
3. Expected additional proceeds of $6.3 million from the Vietnam project off-take arrangement.
4. Rights to purchase approximately 25 million carbon credits in 'phase 2' of the Vietnam project.
5. Completed a 'test-trade' of 20,000 carbon credits from the Rwanda project.

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Base Carbon has announced the results of its Annual General and Special Meeting held on June 25, 2024. The meeting saw representation of 67,395,288 common shares, or 56.234% of the company's outstanding shares. Five directors were elected: Catherine Flax, Margot Naudie, Bruce Tozer, Michael Costa, and Andrew Fedak, with high approval ratings ranging from 95.992% to 99.869%.

Additionally, shareholders reappointed KPMG LLP as auditors with a 99.225% approval rate, and approved the company's amended equity incentive plan with a 98.212% majority. For more details, the management information circular dated May 10, 2024, is available on the company's profile at sedarplus.ca.

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Base Carbon announced the renewal of its normal course issuer bid (NCIB) approved by Cboe Canada. From June 21, 2024, to June 20, 2025, Base Carbon may repurchase up to 7,571,314 common shares, equivalent to approximately 6.5% of its outstanding shares and 10% of its public float. This renewal follows the completion of the current NCIB on June 20, 2024, during which 4,702,702 shares were repurchased. The daily maximum purchase is set at 49,709 shares, 25% of the average daily trading volume over the last six months. Block trades are permitted once per week. All repurchased shares will be canceled. The company also entered an automatic share purchase plan (ASPP) to ensure repurchases during blackout periods. The Board believes these actions align with shareholder interests and reflect the company's value and growth potential.

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Base Carbon (BCBNF) announced its Q1 2024 financial results and key operational highlights.

Notable achievements include a $12.5 million payment from the Vietnam project and the first issuance of 717,558 carbon credits from the Rwanda cookstoves project. The company reported total assets of $121.1 million, with $118.3 million invested in carbon credit projects and $0.7 million in cash and cash equivalents.

However, they faced significant losses, including an unrealized accounting loss of $38.6 million from the Vietnam project and an overall net loss of $19.8 million. Operating expenses increased to $1.8 million, leading to an operating loss of $20.6 million. The company continues to invest in carbon credit projects, including a new $13.6 million reforestation initiative in India.

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Base Carbon Inc. announces receiving $10.7 million from carbon credits in Vietnam project, with an additional $1.8 million expected. The company anticipates generating 6 million carbon credits and $29.1 million in sales over the next year. An investor update call is scheduled for April 23, 2024, to discuss recent developments and financial results.
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FAQ

What is the current stock price of BASE CARBON (BCBNF)?

The current stock price of BASE CARBON (BCBNF) is $0.3186 as of November 22, 2024.

What is the market cap of BASE CARBON (BCBNF)?

The market cap of BASE CARBON (BCBNF) is approximately 36.7M.

What is BASE CARBON INC known for?

BASE CARBON INC is known for its work in the renewable energy sector, focusing on sustainable solutions for household devices, cookstoves, and nature-based removals.

In which countries does BASE CARBON INC operate?

BASE CARBON INC operates in countries like Vietnam, Rwanda, and India, where they are involved in projects related to renewable energy and sustainability.

What are some recent achievements of BASE CARBON INC?

Some recent achievements of BASE CARBON INC include advancements in the Vietnam Household Devices Project, Rwanda Cookstoves Project, and India Nature Based Removals Project.

Who are BASE CARBON INC's key partners?

BASE CARBON INC partners with various institutions and investors to support their projects and initiatives in the renewable energy sector.

How is BASE CARBON INC's financial condition?

BASE CARBON INC maintains a strong financial position, supported by their projects and partnerships in the renewable energy industry.

What is the focus of BASE CARBON INC's core business?

The core business of BASE CARBON INC revolves around developing sustainable solutions for household devices, cookstoves, and nature-based removals.

How can I stay updated on BASE CARBON INC's latest news?

To stay updated on BASE CARBON INC's latest news and developments, visit their official website or follow their social media channels.

Where can I find more information about BASE CARBON INC?

For more information about BASE CARBON INC, you can visit their official website or contact their investor relations team.

What sets BASE CARBON INC apart in the renewable energy sector?

BASE CARBON INC stands out in the renewable energy sector due to their innovative projects, strong financial position, and strategic partnerships.

What is BASE CARBON INC's outlook for the future?

BASE CARBON INC has a positive outlook for the future, with ongoing projects and initiatives aimed at driving sustainable growth and impact in the renewable energy industry.

BASE CARBON INC

OTC:BCBNF

BCBNF Rankings

BCBNF Stock Data

36.66M
100.27M
27.78%
7.02%
Asset Management
Financial Services
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United States of America
Toronto