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CIELO WASTE SOLUTIONS CRP - CWSFF STOCK NEWS

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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. (CWSFF) has reported its fiscal Q2 2023 financial results, revealing a net loss of $2.1 million amid streamlined expenses and rental income from a $0.6 million lease. Total assets fell by $21 million due to a $22.4 million impairment, while total liabilities decreased by $2.4 million. The company is set to commission its R&D Facility in early Q2 2023 and aims for long-term sustainability in the waste-to-fuel sector.

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Cielo Waste Solutions Corp. (OTCQB: CWSFF) announced today the results of its annual general meeting held on October 27, 2022. Shareholders approved all board proposals, including the election of four directors: Sheila Leggett, Hon. Peter MacKay, Ryan Jackson, and Larry Schafran. KPMG LLP was appointed as the company's auditors. The amended 10% rolling stock option plan received shareholder approval, facilitating stock options for insiders. Currently, there are 829,256,894 common shares outstanding, allowing for a potential grant of 82,925,689 options under the Plan.

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Cielo Waste Solutions Corp. (OTCQB:CWSFF) is set to host a corporate webinar on November 9, 2022, at 2 PM ET. CEO Ryan Jackson, CFO Jasdeep K. Dhaliwal, and EVP of Operations Ryan Carruthers will present updates on the company's waste-to-fuel technology and upcoming milestones. The presentation will include highlights from the latest Investor Presentation and details about the new Research and Development Facility in Aldersyde, Alberta. Interested parties can register for the webinar to gain insights and ask questions.

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Cielo Waste Solutions Corp. (CWSFF) reported significant financial losses for the quarter ending July 31, 2022, with a net loss of $27.6 million, up from $3.0 million in Q1 2021, primarily due to a $25.4 million impairment loss linked to the Aldersyde Facility's decommissioning. Total assets decreased by $19.7 million, driven by falling property, plant and equipment values, while working capital improved to $9.0 million following a public offering that raised $9.8 million. Liabilities also declined, showcasing a shift in financial positioning amid ongoing strategic developments.

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Cielo Waste Solutions Corp. (CWSFF) has announced its Annual General Meeting (AGM) to be held on October 27, 2022. The company confirmed the permanent appointments of Ryan Jackson as CEO and Jasdeep K. Dhaliwal as CFO. Both will focus on leading the company toward commercialization goals. Furthermore, Don Allan and Jasdeep K. Dhaliwal will retire from the Board. Cielo has also extended its engagement with RB Milestone Group for investor relations services at a cost of US$10,833 per month.

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Cielo Waste Solutions Corp. has successfully completed a shares for debt transaction to repay CAD $2,000,000 of a mortgage loan with First Choice Financial and KV Capital. This transaction, approved by the TSXV Venture Exchange, involved the issuance of 26,984,126 common shares at prices between $0.07 and $0.09 per share, reducing the loan principal to CAD $4,500,000. The repaid shares will be subject to a 4-month hold period expiring on January 9, 2023. Additionally, 2,000,000 Bonus Warrants will expire on or about December 7, 2022.

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Cielo Waste Solutions Corp. (OTCQB:CWSFF) announced its financial results for the year ending April 30, 2022. The company reported a net loss of $14.4 million, significantly down from $39.7 million in the previous year. Total assets rose by $8.3 million to reflect investments in facilities and patents. Meanwhile, total liabilities saw a reduction of $0.7 million. A private placement of $4 million in convertible debentures and a public offering of units raising $9.775 million were also completed during the year.

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Cielo Waste Solutions Corp. (CWSFF) provided an operational update regarding its waste-to-fuel facilities, particularly focusing on the Aldersyde Facility. Due to rising costs, Cielo shifted its focus towards enhancing its R&D Facility, which will serve as a model for full-scale facilities. The company achieved a 7-day steady-state production run, but plans to transition to R&D operations. Cielo also aims to test new feedstocks to optimize its technology while preparing for a live webinar on August 16, 2022, to discuss its milestones and operational overview.

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Cielo Waste Solutions Corp. (CWSFF) announced a commercial lease agreement for 15 acres of its Fort Saskatchewan Property, starting August 1, 2022, for $50,000 monthly rent plus occupancy costs. The lease term is five years, with an option for the tenant to extend for another five years. This agreement is aimed at generating steady income while the company develops its R&D Facility in Aldersyde, Alberta. CEO Ryan Jackson emphasized the benefits of utilizing the property to reduce carrying costs during this phase.

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Cielo Waste Solutions Corp. announced the appointment of Ryan Carruthers as Executive Vice President, Operations. With over 22 years in the oil and gas sector and a history of operational excellence, Carruthers is expected to drive project execution crucial for Cielo's goals. Ryan Jackson, Interim CEO, expressed confidence in Carruthers' expertise as vital for future success. This strategic move may enhance the company's operational capabilities in waste-to-fuel technology, contributing to its mission of sustainable waste management.

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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

OTC:CWSFF

CWSFF Rankings

CWSFF Stock Data

12.57M
111.33M
6.69%
Waste Management
Industrials
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United States of America
Calgary