Welcome to our dedicated page for Cielo Waste Solu news (Ticker: CWSFF), a resource for investors and traders seeking the latest updates and insights on Cielo Waste Solu stock.
Cielo Waste Solu (CWSFF) drives innovation in sustainable fuel production through advanced waste conversion technologies. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, environmental milestones, and clean energy solutions.
Access timely announcements including earnings reports, strategic partnerships, and technological breakthroughs in synthetic fuel production. Our curated collection ensures transparent tracking of operational expansions and regulatory compliance achievements within the waste-to-energy sector.
Key updates cover three critical areas: financial performance through quarterly disclosures, technology advancements in catalytic conversion systems, and strategic collaborations enhancing renewable fuel distribution networks. Regular monitoring enables informed analysis of market positioning and environmental impact initiatives.
Bookmark this resource for streamlined access to Cielo Waste Solu's evolving role in sustainable industrial solutions. Verify time-sensitive details through official filings while leveraging our comprehensive news aggregation for strategic decision-making.
Cielo Waste Solutions Corp (CWSFF) announced several corporate updates. The company will host a webinar on April 17, 2025, featuring CEO Ryan C. Jackson and CFO Jasdeep K. B. Dhaliwal to discuss strategic initiatives and future outlook.
The company plans to relocate its first commercial waste-to-fuel facility from Carseland, Alberta to British Columbia, shifting focus from renewable diesel to green hydrogen production. This strategic move aims to leverage the British Columbia Low Carbon Fuel Standard credit program. Cielo is in advanced discussions with a technology provider for a BC project using scrap railway ties as feedstock and has identified two additional potential projects in the United States.
Additionally, Cielo is facing legal challenges with Expander Energy Inc. On April 11, 2025, Expander issued termination notices for both the License Agreement and Management Services Agreement, along with statements of claim. Cielo has retained Norton Rose Fulbright Canada LLP as legal counsel to address these matters.
Cielo Waste Solutions Corp (TSXV: CMC; OTC PINK: CWSFF) has issued a statement on April 10, 2025, responding to what it describes as misleading press release from Expander Energy Inc. published on April 6, 2025.
The company highlights several concerns regarding Expander's communication:
- Material misstatements and misleading attributions of third-party statements to Cielo
- Expander's delayed raising of issues regarding October 31, 2023 financial statements
- Expander's unusual request for shareholder approval to become a 'Control Person' of Cielo
CEO Ryan C. Jackson has invited all shareholders, including Expander, to engage in constructive dialogue. The company has retained Norton Rose Fulbright Canada LLP as legal advisor and announced that a previously scheduled corporate update webinar will be rescheduled to a later date.
Cielo Waste Solutions (TSXV:CMC; OTC PINK:CWSFF) has received a shareholder meeting requisition from Expander Energy, its largest shareholder holding over 5% of common shares. The requisition follows Cielo's April 1, 2025 announcement of an annual general meeting planned for June 2025.
Expander's requisition calls for:
- Fixing board size at five directors
- Removal of all current directors
- Election of five Expander nominees
- Re-appointment of MNP LLP as auditor
- Re-approval of company's incentive plan
- Authorization for Expander to become a Control Person
CEO Ryan C. Jackson expressed disappointment in Expander's escalation rather than engaging in constructive dialogue. The company attributes share price decline to broader market conditions and industry challenges, while implementing transformation efforts for sustainable growth.
Cielo Waste Solutions (CWSFF) announced significant strategic changes to its operations. The company plans to relocate its first commercial waste-to-fuel facility from Carseland, Alberta to British Columbia, shifting production focus from Renewable Diesel to Green Hydrogen using scrap railway ties as feedstock. This move aims to leverage the British Columbia Low Carbon Fuel Standard credit program.
The company has cancelled its previously announced acquisition of Rocky Mountain Clean Fuels' EGTL facility in Carseland, Alberta, citing market uncertainty and regulatory challenges. Additionally, Cielo is entering a dispute resolution process with Expander Energy regarding their licensing agreement for EBTL™ and BGTL™ technologies, following notices of breach from Expander.
Other corporate updates include the resignation of James H. Ross from the Board of Directors and the postponement of the Annual General Meeting to June 2025. A corporate update webinar is scheduled for April 10th, 2025.
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.
