Carbon Streaming Announces Amendment to Azuero Reforestation Carbon Removal Stream

Core Viewpoint - Carbon Streaming Corporation has announced amendments to its carbon credit streaming agreement with Azuero Reforestación Colectiva, S.A. for the Azuero Reforestation Project in Panama, which will impact the project's scale and expected carbon credit generation [1][3]. Project Amendments - The project plan has been revised, reducing the area to be restored from 10,000 hectares to a minimum of 7,500 hectares, and the expected carbon dioxide equivalent (tCO2e) removal has decreased from 3.24 million tonnes to 2.32 million tonnes [2][3]. - If Carbon Streaming does not exercise its funding option, it will receive approximately 54,000 carbon credits, which is about 2.3% of the total credits [3]. Funding Options - Carbon Streaming has an option to participate in future funding, with an upfront deposit of US$1.2 million already paid. The option can be exercised by June 30, 2026, or June 30, 2027, requiring additional funding of US$4.6 million and US$3.8 million, respectively [3][4][5]. - If the option is exercised in the First Election Period, the project will restore a minimum of 9,539 hectares and remove 2.94 million tonnes of tCO2e, resulting in approximately 357,000 carbon credits (12.1% of total credits) [4]. - If the option is exercised in the Second Election Period, the project will restore a minimum of 9,050 hectares and remove 2.79 million tonnes of tCO2e, resulting in approximately 295,000 carbon credits (10.6% of total credits) [5]. Offtake Agreement - The offtake agreement between Microsoft and Carbon Streaming to purchase 100% of the carbon credits generated from the project through 2040 remains in place [6]. Financial Position - Carbon Streaming currently holds C$53.7 million in cash, has no debt, and has 48.5 million shares outstanding [7].