CVW CleanTech - CVWFF STOCK NEWS

CVW CleanTech (TSXV: CVW) (OTCQX: CVWFF) announces that Fort McKay Métis Nation has joined their non-binding framework agreement with four other Indigenous Nations. The agreement enables Indigenous communities to purchase up to 20% interest in hydrocarbon recovery ventures and 40% in mineral recovery technologies. CVW CleanTech's Creating Value from Waste™ technology can annually recover up to 13.2 million barrels of hydrocarbons and 1.5 million tonnes of titanium and zircon critical minerals from oil sands tailings. The technology aims to improve water management and environmental conditions while providing economic benefits to local communities. The agreement remains subject to definitive agreements and regulatory approvals.

CVW CleanTech CEO Akshay Dubey has been invited to address the House of Commons' Standing Committee on Environment and Sustainable Development regarding environmental and climate impacts on the Canadian financial system. Additionally, the company has been selected to join Alberta's official delegation at COP 29 in Baku, Azerbaijan (November 11-22, 2024). The company's Creating Value From Waste™ technology focuses on recovering hydrocarbons, water, and critical minerals from oil sands mining tailings while reducing GHG emissions, VOCs, and tailings volume. This technology addresses global environmental challenges related to tailings ponds, which contain 217km³ of material with a total mass of 282 billion tonnes worldwide.

CVW CleanTech (TSXV: CVW) (OTCQX: CVWFF) has successfully closed a $14 million royalty investment with Northstar Clean Technologies. The investment involves purchasing a five-year $14 million second secured 10% convertible debenture from Northstar, replacing a previous $1.5 million Initial Convertible Debenture. Upon conversion, CVW CleanTech will receive recurring royalty payments of at least 12% of revenues from Northstar's next two commercial facilities.

The convertible debenture features a 10% annual coupon rate with semi-annual interest payments and a five-year maturity term. It is second lien secured and includes provisions for automatic conversion into royalties when Northstar's facilities reach specific volume and revenue thresholds. This transaction marks CVW CleanTech's first royalty investment, aiming to create value and accelerate growth for shareholders through exposure to additional clean technologies.

CVW CleanTech Inc. (TSXV: CVW) (OTCQX: CVWFF) has released its Q2 2024 financial results. Key highlights include:

• Cash on hand of $4.6 million as of June 30, 2024
• Net loss of $1,230,000 for Q2 2024, with a net loss per share of $0.01
• Net loss of $2,181,000 for H1 2024, with a net loss per share of $0.02
• Entered into a royalty investment with Northstar Clean Technologies Inc.
• Announced a private placement offering of $15 million

The company is focusing on commercializing its Creating Value From Waste™ technology and diversifying into a clean tech royalty platform to create shareholder value and accelerate growth.

CVW CleanTech and the University of Alberta have announced a three-year, $1.4 million research project aimed at recovering rare earth elements from oil sands waste. The initiative, supported by the Natural Sciences and Engineering Research Council of Canada (NSERC) and InnoTech Alberta, seeks to produce commercial-grade monazite from tailings ponds. This advancement promises to bolster Canada's supply of critical minerals essential for clean technologies like electric vehicles and wind turbines, supporting the nation's transition to a lower-carbon economy. Initial results are anticipated within the first year.

CVW CleanTech has announced a non-binding framework agreement with four First Nation and Métis communities in the Regional Municipality of Wood Buffalo. This partnership aims to foster economic and governance participation in the deployment of CVW CleanTech's tailings reprocessing technology, known as Creating Value from Waste™ (CVW™). The goal is to recover valuable commodities from oil sands tailings, including hydrocarbons and critical minerals, while significantly reducing environmental pollutants. The framework enables Indigenous communities to purchase up to a 40% interest in the joint venture and participate in equity financings, promoting sustainable long-term cash flows and generational wealth creation. The agreement is subject to definitive agreements and regulatory approvals.

CVW CleanTech announced its Q1 2024 financial results and participation in the upcoming Canadian Climate Investor Conference. The company reported a cash balance of $5.3 million as of March 31, 2024, with a net loss of $951,000 and a net loss per share of $0.01. Stock-based compensation expenses amounted to $312,000. CVW CleanTech continues to engage with oil sands mining operators to promote its CVW™ technology, focusing on ESG objectives and commercial scale deployment. The company is also exploring diversification opportunities within the clean technology sector to enhance shareholder value. CVW CleanTech will present at the Canadian Climate Investor Conference on June 25, 2024, to connect with investors and stakeholders.

CVW CleanTech Inc. announced its operating and financial results for the year ended December 31, 2023. The company had $6.0 million in cash on hand, with a net loss of $3.7 million. Non-cash charges for stock-based compensation were $1.6 million. CVW CleanTech continues to focus on commercial opportunities for its CVW™ technology in the oil sands mining sector, with positive stakeholder engagement and potential project financing.

CVW CleanTech Inc. appoints Mathew Ullattikulam as Vice President, Corporate Development, with a wealth of experience in the oil sands mining space. The company grants 300,000 stock options and 161,290 RSUs to Mr. Ullattikulam under the equity incentive plan.