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Cielo Waste Solutions Corp (CWSFF) is a leading company focused on converting waste into renewable fuels. Their Carseland Project is a breakthrough in converting wood by-products into low carbon intensity Bio-SynDiesel® fuel. Partnering with Rocky Mountain Clean Fuels Inc. and utilizing patented technology from Expander Energy Inc., Cielo is at the forefront of sustainable energy solutions. With a commitment to environmental responsibility and innovation, Cielo is poised for significant growth in the renewable energy sector.
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Cielo Waste Solutions Corp. provides an update on the closing of its asset purchase transaction with Expander Energy Inc. The Transaction is expected to close in the coming days, and the trading halt will be lifted once it is closed. The CEO of Cielo attended the Annual Railway Tie Association Symposium and Technical Conference 2023.
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Cielo Waste Solutions Corp. announces Q1 2024 highlights and financial results. Key highlights include obtaining a $5 million mortgage loan facility, executing agreements for land purchase and asset acquisition, and completing the sale of the Fort Saskatchewan property. Net loss for Q1 2024 was $4.8 million, $23 million less than the same period last year. Operating cash flow was negative at $1.4 million. Outlook includes the completion of an asset purchase transaction, closing of a minimum of C$45 million, and acquisition of land in Dunmore, Alberta.
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Giga Metals announces positive pre-feasibility study for Turnagain Nickel-Cobalt Deposit
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Cielo Waste Solutions Corp. has executed an asset purchase agreement with Expander Energy Inc. for the purchase of certain assets and liabilities to operate the EBTL™ and BGTL™ technologies business. The acquisition is expected to accelerate Cielo's timeline to commercialization and enhance its existing TCD technology. The Proposed Transaction includes exclusive licenses in Canada and the US. Projected financial metrics for the first two proposed projects are provided. Expander's expertise is expected to improve Cielo's proprietary technology. The consideration for the acquisition is C$45,323,785.30 in common shares of Cielo, resulting in Expander owning 49.9% of the issued shares post-closing.
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Cielo Waste Solutions Corp. has closed its mortgage loan from First Choice Financial Incorporated for CAD $2 million. The loan has a 7.5% interest rate and Cielo can draw down up to an additional CAD $3 million. The proceeds will be used for general working capital.
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Cielo Waste Solutions Corp. announces proposed financing, sale of property, and operational update.
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FAQ
What is the current stock price of CIELO WASTE SOLUTIONS CRP (CWSFF)?
The current stock price of CIELO WASTE SOLUTIONS CRP (CWSFF) is $0.06 as of October 15, 2024.
What is the market cap of CIELO WASTE SOLUTIONS CRP (CWSFF)?
The market cap of CIELO WASTE SOLUTIONS CRP (CWSFF) is approximately 12.6M.
What is Cielo Waste Solutions Corp known for?
Cielo Waste Solutions Corp is known for converting waste into renewable fuels, particularly through their Carseland Project.
What is the Carseland Project?
The Carseland Project is a significant initiative by Cielo Waste Solutions Corp to convert wood by-products into low carbon intensity Bio-SynDiesel® fuel.
Who are the key partners of Cielo Waste Solutions Corp?
Cielo Waste Solutions Corp partners with Rocky Mountain Clean Fuels Inc. and utilizes patented technology from Expander Energy Inc.
What is Cielo's focus in terms of environmental responsibility?
Cielo is committed to environmental responsibility by converting waste into renewable fuels and promoting sustainability.
How is Cielo positioned in the renewable energy sector?
Cielo is at the forefront of the renewable energy sector, driving innovation and growth through their sustainable energy solutions.
Who can be contacted for further information about Cielo Waste Solutions Corp?
For further information, please contact Cielo Investor Relations at investors@cielows.com or RB Milestone Group LLC at cielo@rbmilestone.com
What are some recent achievements of Cielo Waste Solutions Corp?
Cielo Waste Solutions Corp recently achieved significant milestones with their Carseland Project and advancements in waste-to-fuel technology.
What sets Cielo apart from other companies in the industry?
Cielo stands out in the industry due to their innovative approach to waste conversion, strategic partnerships, and commitment to sustainable practices.
How does Cielo contribute to reducing carbon emissions?
Cielo contributes to reducing carbon emissions by converting waste into low carbon intensity Bio-SynDiesel® fuel, promoting cleaner energy solutions.
What are the future prospects for Cielo Waste Solutions Corp?
Cielo Waste Solutions Corp has promising future prospects in the renewable energy sector, with continued growth potential and a focus on sustainable development.
CIELO WASTE SOLUTIONS CRP