CARBON STREAMING CORP - OFSTF STOCK NEWS

Carbon Streaming Corporation (OTCQB: OFSTF) has finalized a US$20 million carbon credit streaming agreement with Community Carbon and UpEnergy Group. This initiative is set to deploy fuel-efficient cookstoves and safe water solutions across five African nations, targeting a reduction of approximately 50 million tCO₂e over 15 years. The plan includes an upfront payment of US$6.5 million and potential additional payments tied to emissions reduction milestones. Carbon credits are expected to generate around 3.3 million annually, with payback anticipated in under five years.

Carbon Streaming Corporation (OTCQB: OFSTF) has changed its auditor from Baker Tilly WM LLP to Deloitte LLP, effective August 11, 2022. This decision follows the Audit Committee's recommendation and the Board's approval. No reportable events occurred between Carbon Streaming and Baker Tilly, as defined by National Instrument 51-102. Carbon Streaming focuses on ESG principles, providing investors access to carbon credits and investing in projects that contribute to carbon offset initiatives worldwide.

Carbon Streaming Corporation (OTCQB: OFSTF) announces corporate updates marking a year since its public listing. The company reports a diversified carbon credit stream portfolio consisting of six streams across 13 projects globally, anticipating credit issuance from over 10 projects by the end of 2023. Additionally, Carbon Streaming has committed C$400,000 for a reforestation project in Quebec. The MarVivo Blue Carbon Project reached a funding milestone, enhancing its role in sustainable carbon credit generation.

Carbon Streaming Corporation (OTCQB: OFSTF) announces a carbon credit streaming agreement with Will Solutions Inc. to expand sustainable community projects in Quebec and Ontario. The agreement involves an initial investment of US$4 million and potential total funding up to US$20 million for these projects, which aim to generate over 100 million Verified Carbon Units (VCUs) over ten years. Carbon Streaming expects to receive 50% of the VCUs, projected to reach up to 44.1 million carbon credits.

The collaboration between IG Wealth Management and Carbon Streaming Corporation aims to create the IG Climate Action Portfolios, innovative investment solutions for Canadians focused on net-zero emissions. These portfolios will offset their asset emissions through purchasing and retiring carbon credits, improving their environmental impact. The first year's credits will come from the Rimba Raya Biodiversity Reserve, promoting sustainable investment. IG Wealth Management oversees $111.6 billion in assets, while Carbon Streaming specializes in carbon credit investments, enhancing climate action opportunities for investors.

Carbon Streaming Corporation (OTCQB: OFSTF) has entered a US$20 million carbon credit streaming agreement with Community Carbon and UpEnergy Group to distribute fuel-efficient cookstoves and water solutions across eastern and southern Africa. This initiative aims to deliver 3.5 million devices and reduce approximately 50 million tonnes of CO₂ emissions over 15 years. The company will invest US$6.5 million upfront, with additional milestone payments of US$13.5 million. The project includes verified carbon credits under The Gold Standard and Verra.

Carbon Streaming Corporation (OTCQB: OFSTF) reported its financial results for Q3 2022, with a net income of $48.5 million, despite facing a $53.5 million non-cash charge. Excluding this charge, the adjusted net loss was $5.0 million. The company has $102.5 million in cash and no debt, positioning itself strongly for future growth. A significant milestone was achieved with the filing of a registration statement to list on the Nasdaq. Additionally, the investment pipeline is estimated at over $1 billion with multiple opportunities in development.

Carbon Streaming Corporation (OTCQB: OFSTF) announced a carbon credit streaming agreement with Restoration Bioproducts to support a biochar production facility in Virginia. This project represents Carbon Streaming's first carbon stream for biochar and its first in the U.S., enhancing geographic diversification. The facility is projected to reduce over 161,000 tonnes of CO2 equivalent emissions over 25 years, generating an equal number of CO2 Removal Certificates (CORCs). Initial cash investment totals US$0.6 million, with further milestone payments expected.

Carbon Streaming Corporation (NEO: NETZ, OTCQB: OFSTF) will disclose its interim financial results for Q1 2022 on May 16, 2022. An investor conference call is scheduled for May 17, 2022, at 11:00 a.m. EDT, where details of the financial results will be shared. Participants can register for the call via a provided link, and a recording will be accessible on the Company’s website until June 1, 2022.

Carbon Streaming focuses on investing in carbon credit projects to support climate goals.