Core Viewpoint - Carbon Streaming Corporation has entered into a Buyout Agreement with Community Carbon and UpEnergy Group for a total consideration of USD$6 million, which includes rights to the Community Carbon Stream and the full inventory of carbon credits [1][2]. Financial Details - The total payment of USD$6 million consists of: - A non-refundable deposit of USD$100,000 payable on or before March 23, 2026 - A closing payment of USD$4.9 million for the Community Carbon Stream payable on or before May 30, 2026 - USD$1 million for the purchase of all carbon credits from the Project Portfolio, payable in four installments on or before July 1, 2026, October 1, 2026, January 1, 2027, and April 1, 2027 [2][6]. Strategic Focus - The company aims to maximize shareholder value by optimizing its existing portfolio of projects that generate high-quality carbon credits, while also having a positive impact on the environment and local communities [3]. - The CEO emphasized that the transaction is in the best interests of shareholders and that the company will continue to explore acquisitions, divestments, and other strategic opportunities to enhance shareholder value [2][3].
Carbon Streaming Sells Community Carbon Stream and Credits for USD$6,000,000
Globenewswire·2026-03-13 00:00