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Cielo Waste Solutions Corp. (CWSFF) is a publicly traded company specializing in the conversion of waste materials into renewable fuels. Operating at the intersection of waste management and renewable energy, Cielo leverages proprietary technology to transform landfill-bound waste into high-value synthetic fuels. This innovative approach not only addresses critical waste disposal challenges but also contributes to the global transition toward cleaner energy sources.
Core Business Model
Cielo's primary business revolves around its patented waste-to-fuel technology. The company processes a wide range of feedstocks, including plastics, wood waste, and organics, to produce renewable diesel and other synthetic fuels. By monetizing waste streams that would otherwise contribute to environmental degradation, Cielo generates revenue through multiple channels: waste processing fees, the sale of renewable fuels, and potential licensing agreements for its proprietary technology. This multi-faceted revenue model positions the company as a key player in the circular economy.
Industry Context
The waste-to-energy sector is a rapidly growing segment within the broader renewable energy and waste management industries. Rising global concerns about landfill overcapacity, plastic pollution, and greenhouse gas emissions have spurred demand for innovative solutions like those offered by Cielo. The company's operations align with global sustainability goals, including reducing reliance on fossil fuels and promoting resource efficiency.
Market Differentiation
Cielo sets itself apart through its advanced technology, which enables the efficient conversion of diverse waste streams into high-quality fuels. Unlike traditional waste management practices that focus on disposal or basic recycling, Cielo's process adds significant value by creating marketable end products. This differentiation is further enhanced by the company's focus on scalability and cost-effectiveness, making its solutions attractive to a broad range of stakeholders, from municipalities to industrial partners.
Challenges and Opportunities
While Cielo operates in a promising industry, it faces challenges such as regulatory compliance, the capital-intensive nature of its operations, and competition from both established and emerging players in the waste-to-energy space. However, the company's innovative technology and alignment with global sustainability trends position it well to capitalize on growing market opportunities.
Significance in the Industry
As a pioneer in waste-to-fuel conversion, Cielo Waste Solutions plays a critical role in addressing some of the most pressing environmental challenges of our time. By transforming waste into renewable fuels, the company not only reduces landfill dependency but also supports the global shift toward sustainable energy solutions. Its contributions are particularly significant in regions grappling with waste management crises and stringent emissions targets.
Cielo Waste Solutions (TSXV:CMC; OTC:CWSFF) has announced plans to settle $1,622,413.10 in debt through share issuances. The company will issue 15,451,545 common shares at $0.105 per share, subject to TSX Venture Exchange approval.
The settlement includes two components: 14,480,856 shares to settle $1,520,490.67 with various creditors, and 970,689 shares to settle $101,922.43 with a company insider. The insider transaction falls under MI 61-101 regulations but is exempt from valuation and minority shareholder approval requirements as it represents less than 25% of the company's market capitalization.
All issued shares will be subject to a 4-month hold period. The company also corrected a previous announcement from April 29, 2024, regarding prior debt settlements, noting the share price should have been stated as $0.31 instead of $0.32.
Cielo Waste Solutions (TSXV:CMC; OTC:CWSFF) provided an update on its proposed acquisition of an Enhanced Gas to Liquids (EGTL™) facility in Carseland, Alberta, owned by Rocky Mountain Clean Fuels Inc. (RMCFI). The key development is RMCFI securing a C$20.8 Million grant through the Alberta Petrochemicals Incentive Program (APIP), which is expected to be included in the transaction assets.
Cielo plans to enhance the facility by building a gasifier to deploy Enhanced Biomass to Liquids (EBTL™) Technology, enabling the production of Bio-Synfuels with near net-zero carbon intensity. The company and RMCFI are continuing due diligence procedures and will provide further updates upon executing a definitive agreement. The APIP Grant remains contingent on achieving certain operational milestones.
Cielo Waste Solutions (CWSFF) announces the sale of its TCD Technology assets and Aldersyde Property for $3.9 million. The transaction includes the assignment of a $2.6 million mortgage loan to the purchaser. The company will receive $300,000 at closing and a $1 million promissory note with 7.5% annual interest. This strategic move allows Cielo to focus on its recently acquired Licensed Technologies from Expander Energy, including EBTL™ and BGTL™, which are considered more market-ready. The transaction is set to be effective on November 29, 2024, subject to customary conditions.
Cielo Waste Solutions (TSXV:CMC; OTC PINK:CWSFF) announces the cancellation of its Annual General Meeting (AGM) scheduled for December 19, 2024, due to the ongoing Canada Post strike that began November 15, 2024. The strike has disrupted the distribution of proxy materials to shareholders. The company is unable to meet the statutory AGM deadline of December 31, 2024, and has applied for an extension, aiming to reschedule for January 2025. U.S. shareholders who receive materials should disregard them. New meeting details will be distributed once a new date is set.
Cielo Waste Solutions (TSXV:CMC; OTC PINK:CWSFF) has announced the cancellation and rescheduling of its annual general meeting (AGM) originally planned for October 29th, 2024. The meeting will be rescheduled for the week of December 16, 2024, with the exact date to be determined. The Board's decision was primarily due to technical difficulties. Instead of using Microsoft Teams, the rescheduled AGM will be held in-person to enhance efficiency, transparency, and communication. A new Notice of Meeting and Management Information Circular will be distributed to shareholders and filed on SEDAR+.
Cielo Waste Solutions (TSXV:CMC; OTC PINK:CWSFF) announces its virtual Annual General Meeting (AGM) scheduled for Tuesday, October 29, 2024, at 10 a.m. MT. The company has extended the proxy voting deadline to Monday, October 28, 2024, at 2 p.m. MT to provide shareholders additional time to vote. Shareholders can attend virtually through Microsoft Teams using the provided link, meeting ID, and passcode. Meeting materials are available on SEDAR+ and the company's website. Management encourages advance proxy voting while noting that proxy voters can still participate in the AGM's question and answer session.
Cielo Waste Solutions Corp. (TSXV:CMC; OTC PINK:CWSFF) provides an update on its binding letter of intent (LOI) to acquire the Carseland Facility from Rocky Mountain Clean Fuels Inc. The transaction aims to position Cielo for commercial production and revenue generation. The facility uses patented Enhanced Gas-To-Liquids technology to produce synthetic diesel and jet fuel. Cielo plans to enhance the process by building a gasifier to deploy its licensed Enhanced Biomass to Liquids technology, resulting in Bio-Synfuels with near net-zero carbon intensity.
The closing date has been extended for additional due diligence. Cielo has also engaged Integral Wealth Securities as a market maker for a monthly fee of $6,000. Additionally, the company has terminated its proposed private placement offering of convertible debenture units due to current market conditions.
Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) will participate in the Canadian Climate Investor Conference (CCIC) on June 25, 2024, in Toronto. CEO Ryan Jackson will present details about Cielo's recent acquisition of a gas-to-liquids processing facility in Carseland, Alberta, and the planned expansion to produce renewable fuel from wood waste. This event, hosted by the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), offers Cielo a platform to engage with stakeholders and discuss its long-term growth strategy.
Cielo Waste Solutions announced the final closing of its non-brokered private placement of unsecured convertible debenture units, raising a total of C $2.13 million. The last tranche included 90 units for C $90,000, resulting in 90 debentures and 225,000 warrants. Each debenture unit is priced at C $1,000 and includes 2,500 detachable share purchase warrants. The debentures accrue interest at 12% per annum, payable semi-annually and are convertible into common shares at C $0.40 per share. The warrants allow purchase of shares at C $0.70 per share for 24 months. The proceeds will fund renewable fuel projects in Alberta and general corporate purposes.
Cielo Waste Solutions Corp. (TSXV: CMC; OTCQB: CWSFF), a renewable fuel company, announced the appointment of MNP LLP as their new auditor.
This change is in line with the company's ongoing strategy to improve financial oversight and corporate governance. The necessary documentation has been filed on www.sedarplus.ca.
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