CARBON STREAMING CORP - OFSTF STOCK NEWS

Carbon Streaming provides an update on the Rimba Raya Project following reports of the revocation of the Forest Utilization Business License held by PT Rimba Raya Conservation. The Company is working to validate these claims and preserve its carbon rights. InfiniteEARTH, the project proponent, is disputing the revocation and seeking clarification from the Indonesian Government. The Company will continue to update shareholders on further developments.

Carbon Streaming (OFSTF) reports financial results for 2023 with a focus on reduced operating costs and strong cash balance. The company ended the year with $51.4 million in cash, no corporate debt, and a restructuring plan resulting in $7.5 million in expense reductions. Despite a net loss of $35.5 million for the year, adjusted net loss improved to $7.6 million. Quarterly highlights show a net loss of $26.1 million with $2.1 million in upfront deposits for carbon credit agreements.

Carbon Streaming Corporation announces a new streaming agreement with Mast for the Baccala Ranch Reforestation Project in California, USA. The project aims to restore 523 acres damaged by the Dixie Fire, generating 91,500 tCO2e and carbon credits. The company will make upfront payments and receive proceeds from carbon credit sales. The Sheep Creek Reforestation Project is expanded, and Indonesian regulatory updates are discussed.

Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) has announced a reduction in the size of its Board of Directors from eight to five members. Three directors have voluntarily resigned, and the Board is now comprised of five directors, three of whom are independent. The company's Chair stated that the move is part of a restructuring plan to enhance efficiency and maintain the independence and experience needed for success.

Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) announced the initiation of a strategic review process as part of its ongoing corporate restructuring to ensure competitiveness and long-term sustainability. The company has made significant progress in reducing operating expenses and is actively reviewing its carbon credit stream and royalty portfolio. The Board of Directors and a Special Committee will evaluate various options to maximize shareholder value, including acquisitions, divestments, financings, and strategic partnerships.

Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) reported its Q3 financial results, highlighting a strong cash balance, reduced operating costs, and a diversified investment portfolio. The company recognized net income of $0.7 million and ended the quarter with $54.4 million in cash and no corporate debt. Carbon Streaming Founder and CEO Justin Cochrane emphasized the commitment to protecting the balance sheet and executing on sales, positioning the company to benefit from future increases in demand for voluntary carbon credits.

Carbon Streaming Corporation enters into a streaming agreement with Mast Reforestation for the Feather River Dome Reforestation Project in California, USA.

Carbon Streaming Corporation will provide Microsoft with carbon removal credits from the Waverly Biochar project, which is expected to deliver up to 10,000 tonnes of carbon dioxide removal credits per year. Microsoft's commitment to offtake verified carbon dioxide removal from the project is seen as a positive move for the industry. Biochar is considered a vital piece of the puzzle for corporations with net zero commitments and has the potential to sequester significant amounts of carbon emissions by 2050. Carbon Streaming's approach of providing project capital to developers is beneficial for corporations using carbon credits as part of their climate strategies.

Carbon Streaming Corporation announces expense reductions expected to save over $3 million per annum and strong cash balance