Carbon Streaming Announces Amendment to Azuero Reforestation Carbon Removal Stream

Core Insights - Carbon Streaming Corporation has amended the terms of its carbon credit streaming agreement with Azuero Reforestación Colectiva, S.A. for the Azuero Reforestation Project in Panama [1][3] Project Amendments - The project plan has been revised and refined [2] - Carbon Streaming has no ongoing funding obligations but retains an option to participate in future funding, having already paid an upfront deposit of US$1.2 million [3] - The option can be exercised by Carbon Streaming on or before June 30, 2026, or June 30, 2027, requiring additional funding of US$4.6 million and US$3.8 million, respectively [3] Carbon Credit Generation - Initial carbon credit issuance is expected in 2029, continuing through to 2052 [3] - If the option is not exercised, the project will restore a minimum of 7,500 hectares and remove 2.32 million tonnes of CO2 equivalent, generating approximately 54,000 carbon credits [3] - If the option is exercised in the First Election Period, the project will restore a minimum of 9,539 hectares, remove 2.94 million tonnes of CO2 equivalent, and generate approximately 357,000 carbon credits [4] - If the option is exercised in the Second Election Period, the project will restore a minimum of 9,050 hectares, remove 2.79 million tonnes of CO2 equivalent, and generate approximately 295,000 carbon credits [5] Offtake Agreement - The offtake agreement between Microsoft and Carbon Streaming to purchase 100% of the carbon credits received from the project through 2040 remains in place [6] Financial Position - The company currently has C$53.7 million in cash, no debt, and 48.5 million shares outstanding [7]