Cielo Provides Update on Corporate Matters
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 (CWSFF) ha annunciato diversi aggiornamenti aziendali. L'azienda ospiterà un webinar il 17 aprile 2025, con il CEO Ryan C. Jackson e il CFO Jasdeep K. B. Dhaliwal, per discutere le iniziative strategiche e le prospettive future.
L'azienda prevede di trasferire il suo primo impianto commerciale di trasformazione dei rifiuti in carburante da Carseland, Alberta, alla Columbia Britannica, spostando l'attenzione dalla produzione di diesel rinnovabile alla produzione di idrogeno verde. Questa mossa strategica mira a sfruttare il programma di crediti del British Columbia Low Carbon Fuel Standard. Cielo è in avanzate trattative con un fornitore di tecnologia per un progetto in BC che utilizza traverse ferroviarie di scarto come materia prima e ha identificato due ulteriori progetti potenziali negli Stati Uniti.
Inoltre, Cielo sta affrontando sfide legali con Expander Energy Inc. L'11 aprile 2025, Expander ha emesso avvisi di cessazione sia per il Contratto di Licenza che per il Contratto di Servizi di Gestione, insieme a dichiarazioni di reclamo. Cielo ha incaricato Norton Rose Fulbright Canada LLP come consulente legale per affrontare queste questioni.
Cielo Waste Solutions Corp (CWSFF) anunció varias actualizaciones corporativas. La empresa organizará un seminario web el 17 de abril de 2025, con el CEO Ryan C. Jackson y el CFO Jasdeep K. B. Dhaliwal, para discutir iniciativas estratégicas y perspectivas futuras.
La empresa planea reubicar su primera instalación comercial de residuos a combustible de Carseland, Alberta, a Columbia Británica, cambiando el enfoque de la producción de diésel renovable a la producción de hidrógeno verde. Este movimiento estratégico tiene como objetivo aprovechar el programa de créditos del British Columbia Low Carbon Fuel Standard. Cielo está en conversaciones avanzadas con un proveedor de tecnología para un proyecto en BC que utiliza traviesas ferroviarias de desecho como materia prima y ha identificado dos proyectos potenciales adicionales en los Estados Unidos.
Además, Cielo enfrenta desafíos legales con Expander Energy Inc. El 11 de abril de 2025, Expander emitió avisos de terminación tanto para el Acuerdo de Licencia como para el Acuerdo de Servicios de Gestión, junto con declaraciones de reclamación. Cielo ha contratado a Norton Rose Fulbright Canada LLP como asesor legal para abordar estos asuntos.
Cielo Waste Solutions Corp (CWSFF)는 여러 기업 업데이트를 발표했습니다. 이 회사는 2025년 4월 17일에 CEO Ryan C. Jackson과 CFO Jasdeep K. B. Dhaliwal이 참석하는 웨비나를 개최하여 전략적 이니셔티브와 향후 전망에 대해 논의할 예정입니다.
회사는 첫 상업적 폐기물-연료 시설을 알버타의 카셀랜드에서 브리티시 컬럼비아로 이전할 계획이며, 재생 디젤 생산에서 녹색 수소 생산으로 초점을 전환하고 있습니다. 이 전략적 이동은 브리티시 컬럼비아 저탄소 연료 기준 크레딧 프로그램을 활용하는 것을 목표로 하고 있습니다. Cielo는 스크랩 철도 침목을 원료로 사용하는 BC 프로젝트를 위한 기술 제공업체와 고급 논의를 진행 중이며, 미국에서 두 개의 추가 잠재적 프로젝트를 식별했습니다.
또한, Cielo는 Expander Energy Inc.와 법적 도전에 직면해 있습니다. 2025년 4월 11일, Expander는 라이센스 계약 및 관리 서비스 계약 모두에 대한 해지 통지를 발행했으며, 청구 진술서도 함께 보냈습니다. Cielo는 이러한 문제를 해결하기 위해 Norton Rose Fulbright Canada LLP를 법률 상담사로 고용했습니다.
Cielo Waste Solutions Corp (CWSFF) a annoncé plusieurs mises à jour corporatives. L'entreprise organisera un webinaire le 17 avril 2025, avec le PDG Ryan C. Jackson et le directeur financier Jasdeep K. B. Dhaliwal, pour discuter des initiatives stratégiques et des perspectives d'avenir.
L'entreprise prévoit de déménager sa première installation commerciale de déchets en carburant de Carseland, Alberta, en Colombie-Britannique, en déplaçant son attention de la production de diesel renouvelable vers la production d'hydrogène vert. Ce mouvement stratégique vise à tirer parti du programme de crédits du British Columbia Low Carbon Fuel Standard. Cielo est en pourparlers avancés avec un fournisseur de technologie pour un projet en Colombie-Britannique utilisant des traverses de chemin de fer usagées comme matière première et a identifié deux projets potentiels supplémentaires aux États-Unis.
De plus, Cielo fait face à des défis juridiques avec Expander Energy Inc. Le 11 avril 2025, Expander a émis des avis de résiliation pour l'accord de licence et l'accord de services de gestion, ainsi que des déclarations de réclamation. Cielo a retenu les services de Norton Rose Fulbright Canada LLP en tant que conseiller juridique pour traiter ces questions.
Cielo Waste Solutions Corp (CWSFF) hat mehrere Unternehmensupdates angekündigt. Das Unternehmen wird am 17. April 2025 ein Webinar veranstalten, in dem CEO Ryan C. Jackson und CFO Jasdeep K. B. Dhaliwal über strategische Initiativen und zukünftige Aussichten sprechen werden.
Das Unternehmen plant, sein erstes kommerzielles Abfall-zu-Kraftstoff-Werk von Carseland, Alberta, nach British Columbia zu verlagern und den Fokus von der Produktion von erneuerbarem Diesel auf die Produktion von grünem Wasserstoff zu verlagern. Dieser strategische Schritt zielt darauf ab, das Kreditprogramm des British Columbia Low Carbon Fuel Standard zu nutzen. Cielo befindet sich in fortgeschrittenen Gesprächen mit einem Technologieanbieter für ein Projekt in BC, das Schrottschwellen als Rohstoff verwendet, und hat zwei weitere potenzielle Projekte in den Vereinigten Staaten identifiziert.
Darüber hinaus sieht sich Cielo rechtlichen Herausforderungen mit Expander Energy Inc. gegenüber. Am 11. April 2025 gab Expander Kündigungsmitteilungen für sowohl den Lizenzvertrag als auch den Managementdienstleistungsvertrag heraus, zusammen mit Klageerklärungen. Cielo hat Norton Rose Fulbright Canada LLP als rechtlichen Berater beauftragt, um diese Angelegenheiten zu klären.
- Strategic pivot to green hydrogen production allows access to BC Low Carbon Fuel Standard credits
- Advanced discussions with technology provider for British Columbia project
- Identified two additional project opportunities in the United States
- Legal dispute with Expander Energy resulting in termination of key agreements
- Disruption to original business plan with facility relocation from Alberta to BC
- Potential legal costs and operational impacts from ongoing dispute resolution
CALGARY, Alberta, April 14, 2025 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) today provides an update on certain business and corporate matters.
Corporate Update Webinar
Cielo is pleased to announce that the corporate update webinar (the “Webinar”) with CEO Ryan C. Jackson and CFO Jasdeep K. B. Dhaliwal, as previously announced on April 1, 2025, and re-scheduled on April 9, 2025, will now take place on April 17, 2025. The Webinar will provide Cielo’s shareholders and stakeholders with updates on the Company’s strategic initiatives and future outlook.
Webinar Details
Date: Thursday, April 17, 2025
Time: 2:00PM Mountain Standard Time
Registration Link: Cielo Webinar (Posted on the Cielo Website under News and Media)
Duration: 1 Hour
A recording of the Webinar will be made available on Cielo’s website following the event.
Corporate Strategy
As previously announced on April 1, 2025, Cielo intends to relocate its first planned commercial waste-to-fuel facility for the processing of scrap railway ties from Carseland, Alberta to British Columbia, and transition fuel to be produced from renewable diesel to green hydrogen. This strategic pivot allows Cielo to explore funding opportunities through the British Columbia Low Carbon Fuel Standard (BCLCFS) credit program as well as revises the Company’s approach as the demand for renewable fuels changes to better meet market demand.
Cielo continues to be engaged in advanced discussions with a technology provider on a project in British Columbia that will utilize scrap railway ties as feedstock to produce green hydrogen for use in the British Columbia market and is pleased to announce that it has also identified two proposed additional projects for development in the United States.
Cielo is excited to continue executing its broader strategy of providing solutions that address processing waste into useful products, including in green hydrogen, renewable natural gas and other low-carbon initiatives. Cielo continues to explore other projects and funding partners to drive its commitment to innovation and environmental sustainability and achieve success in the short-term and sustainable profitable growth in the long-term. Further updates will be provided in the Webinar.
Dispute Resolution
As previously announced on April 1, 2025, as a result of recent disagreements between Cielo and Expander Energy Inc. (“Expander”) on various matters, the Company notified Expander of the Company’s intentions to initiate a dispute resolution process in accordance with a licence agreement (“License Agreement”) between the Company and Expander. Cielo had previously received notices of breach from Expander with regard to the License Agreement as well as an asset purchase agreement and a management services agreement (“Management Services Agreement”), each between the Company and Expander, which notices had, among other things, announced Expander’s intentions to terminate the License Agreement.
On April 11, 2025, Cielo received termination notices (“Termination Notices”) from Expander terminating both the License Agreement and the Management Services Agreement, effective immediately. Concurrently, Cielo also received statements of claim (“Statements of Claim”) from Expander in connection with the License Agreement, the Management Services Agreement and a supply and services agreement between the Company and Expander. Cielo is in the process of reviewing the contents of the Termination Notices and the Statements of Claim and is working diligently with legal and other professional advisors with respect to same to ensure the interests of shareholders are protected.
Cielo will continue to provide material updates as they become available. As previously announced on April 9, 2025, Cielo has retained Norton Rose Fulbright Canada LLP as legal advisor.
ABOUT CIELO
Cielo Waste Solutions Corp. is a publicly traded company focused on transforming waste materials into high-value renewable fuels. Cielo seeks to address global waste challenges while contributing to the circular economy and reducing carbon emissions. Cielo is fueling renewable change with a mission to be a leader in the wood by-product-to-fuels industry by using environmentally friendly, economically sustainable and market-ready technologies. Cielo is committed to helping society ‘change the fuel, not the vehicle’, which the Company believes will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol “CMC,” as well as on the OTC Pink Market under the symbol “CWSFF.”
For further information please contact:
Cielo Investor Relations
Ryan C. Jackson, CEO
Phone: (403) 348-2972
Email: investors@cielows.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.
Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Cielo, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. Cielo is making forward-looking statements, including but not limited to, with respect to: the Webinar and the date thereof; the change of location of the first planned commercial facility and the focus on green hydrogen; the exploration and use of financial incentives in British Columbia; the Company’s strategic focus; the Company’s intention to continue to explore alternative partnerships and funding opportunities; the dispute resolution process with Expander, including the Company’s review of the Termination Notices and Statements of Claim, Cielo’s intentions with respect thereto and that the Company will provide further updates as they become available.
Investors should continue to review and consider information disseminated through news releases and filed by Cielo on SEDAR+. Although Cielo has attempted to identify crucial factors that could cause actual results to differ materially from those contained in forward looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Cielo’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, Cielo assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
FAQ
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