Carbon Streaming Corporation
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Carbon Streaming Announces Amendment to Azuero Reforestation Carbon Removal Stream
Globenewswire· 2025-12-16 00:00
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].
Carbon Streaming Announces Amendment to Azuero Reforestation Carbon Removal Stream
Globenewswire· 2025-12-16 00:00
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]
Carbon Streaming Announces Financial Results for the Three and Nine Months Ended September 30, 2025
Globenewswire· 2025-11-10 12:00
Core Viewpoint - Carbon Streaming Corporation reported a strengthened financial position in Q3 2025, achieving positive operating cash flow and implementing successful cost reduction initiatives while navigating challenging conditions in the voluntary carbon market [2][20]. Financial Highlights - The company ended the quarter with $37.6 million in cash and no corporate debt, continuing to earn interest income on its cash balance [6]. - Positive operating cash flow was achieved, primarily driven by settlements from carbon credit streaming and royalty agreements, alongside ongoing cost reduction initiatives [6]. - The number of full-time salaried individuals was reduced from 24 at the start of 2024 to three by September 2025, with the CEO not collecting a salary and the CFO receiving a part-time salary [6]. - A net gain of $1.0 million was recognized on the revaluation of carbon credit streaming and royalty agreements, compared to a net loss of $11.7 million in Q3 2024 [6]. - The company generated $549 thousand in cash settlements from carbon credit streaming and royalty agreements, a significant increase from $124 thousand in Q3 2024 [6]. - Operating loss decreased to $0.3 million from $13.6 million in Q3 2024, while net income improved to $0.6 million from a net loss of $11.9 million in the same period [6][7]. Legal and Strategic Developments - The company filed a statement of claim against former executives and board members to hold them accountable for financial harm caused to the company [3]. - In July 2025, the company reached a settlement with InfiniteEARTH, resulting in $0.7 million in cash and the cancellation of 4,539,180 common shares [9][10]. - The company also settled with Fundación MarVivo México regarding the Magdalena Bay Blue Carbon Stream, retaining certain rights for future project reactivation [12]. - Repayment agreements were established with counterparties under the Amazon Portfolio Royalty, expecting to collect approximately $1.1 million by Q2 2026 [14][15]. Strategic Focus - Carbon Streaming is focused on maximizing value from its existing portfolio while exploring strategic options such as acquisitions, divestments, and partnerships [2][19]. - The company aims to optimize cash flow through reduced operating expenses and reassessment of existing streams and royalties [20]. - The ongoing uncertainty in carbon markets, including potential registry delays and project-specific issues, remains a challenge for the company [21].
Carbon Streaming Announces Appointment of Jonathan Rubenstein as Expert Consultant
Globenewswire· 2025-10-27 11:00
Core Viewpoint - Carbon Streaming Corporation has appointed Jonathan Rubenstein and Hein Poulus as expert consultants to provide strategic direction and oversight for significant litigation [1][3]. Group 1: Appointments and Expertise - Jonathan Rubenstein has over 45 years of experience in the mining sector, transitioning from a successful 18-year legal career, and has directed numerous acquisitions and litigation matters [2]. - Rubenstein has served on the boards of over 10 significant mining companies and was instrumental in winning complex litigation against major mining firms [2]. - Hein Poulus has also been engaged as an expert consultant for significant litigation, with Baker McKenzie acting as the Company's litigation counsel [3]. Group 2: Company Focus - Carbon Streaming focuses on projects that generate high-quality carbon credits while positively impacting the environment, local communities, and biodiversity [3].
Early Warning Press Release Regarding Acquisition of Common Shares in Carbon Streaming Corporation by Marin Katusa
Globenewswire· 2025-10-21 03:03
Core Viewpoint - Carbon Streaming Corporation's CEO, Mr. Marin Katusa, has acquired 74,500 common shares at a price of $0.67 per share, totaling $49,915, indicating a personal investment in the company [1]. Summary by Sections Acquisition Details - The Acquiror purchased 74,500 common shares at $0.67 each for a total of $49,915 [1]. - Prior to the acquisition, the Acquiror owned 4,101,000 common shares, representing approximately 8.5% of the total shares outstanding [2]. - After the acquisition, the Acquiror's total ownership increased to 4,175,500 common shares, approximately 8.6% of the total shares outstanding [3]. Warrant Information - The Acquiror held 1,170,000 common share purchase warrants before and after the acquisition [2][3]. - If all warrants were exercised, the Acquiror would control 5,345,500 common shares, representing approximately 10.8% on a partially diluted basis [3]. Purpose of Acquisition - The shares were acquired for investment purposes, with the potential for future acquisitions or disposals depending on market conditions [4]. Regulatory Compliance - The press release is issued in compliance with National Instrument 62-103, detailing early warning reporting requirements [5].
Carbon Streaming Announces Receipt of Settlement Funds and Share Cancellation Pursuant to Settlement Agreement Related to Rimba Raya Project
Globenewswire· 2025-09-29 23:00
Core Insights - Carbon Streaming Corporation has successfully implemented a settlement agreement with Infinite-Earth Limited and related parties regarding the Rimba Raya Biodiversity Reserve Project [1][2]. Financial Summary - The company received a payment of US$650,000 from Infinite-Earth and cancelled 4,539,180 common shares, resulting in a total of 48,332,053 common shares outstanding [2]. - Carbon Streaming currently holds total cash of C$52.4 million (US$37.6 million), with no debt reported [3]. Company Overview - Carbon Streaming focuses on projects that generate high-quality carbon credits while positively impacting the environment, local communities, and biodiversity [4].
Carbon Streaming Announces Receipt of Settlement Funds and Share Cancellation Pursuant to Settlement Agreement Related to Rimba Raya Project
Globenewswire· 2025-09-29 23:00
Core Points - Carbon Streaming Corporation has successfully implemented a settlement agreement with Infinite-Earth Limited and related parties regarding the Rimba Raya Biodiversity Reserve Project [1][2] - The company received a payment of US$650,000 and cancelled 4,539,180 common shares, resulting in a total of 48,332,053 common shares outstanding [2] - Carbon Streaming currently holds C$52.4 million (US$37.6 million) in cash and has no debt [3] Financial Summary - Payment received from IE: US$650,000 [2] - Common shares cancelled: 4,539,180 [2] - Total common shares outstanding: 48,332,053 [2] - Total cash held: C$52.4 million (US$37.6 million) [3] - Cash breakdown: C$37.8 million and US$10.5 million [3] - Debt status: No debt [3] Company Overview - Carbon Streaming focuses on projects that generate high-quality carbon credits while positively impacting the environment, local communities, and biodiversity [4]
Carbon Streaming Announces Financial Results for the Three and Six Months Ended June 30, 2025
Globenewswire· 2025-08-14 22:30
Core Viewpoint - Carbon Streaming Corporation reported significant progress in financial sustainability during Q2 2025, achieving its best quarterly operating cash flow and lowest operating expenses since inception, while exploring strategic alternatives to enhance shareholder value [2][19]. Financial Highlights - The company ended Q2 2025 with $37.1 million in cash and no corporate debt, continuing to earn interest income on its cash [5]. - The number of full-time employees was reduced from 24 at the start of 2024 to three by June 2025, with the CEO not receiving a salary and the CFO on a part-time salary [5]. - The company recognized a net loss on revaluation of carbon credit streaming and royalty agreements of $1.5 million, primarily due to a decrease in the fair value of the Amazon Portfolio Royalty [5]. - Operating loss for Q2 2025 was $1.8 million, an improvement from a $3.0 million loss in Q2 2024 [5]. - Adjusted net income for Q2 2025 was $0.6 million, compared to an adjusted net loss of $1.7 million in Q2 2024 [5]. Portfolio Updates - Settlements were reached regarding the Rimba Raya Stream, resulting in $0.7 million in cash and the cancellation of 4,539,180 common shares [8][11]. - The company accepted the abandonment of the Magdalena Bay Blue Carbon Stream project, retaining certain rights for potential future reactivation [11]. - The Amazon Portfolio Royalty counterparties were in arrears on minimum royalty payments, with the company actively pursuing recovery [12]. - Arbitration proceedings were initiated against Will Solutions Inc. regarding the Sustainable Community Stream termination due to non-compliance [13]. Strategic Focus - The company aims to maximize value from its existing portfolio while evaluating strategic options, including acquisitions and partnerships [16]. - Significant reductions in operating expenses have been achieved through employee headcount reduction and renegotiation of vendor agreements [17]. - The company is focused on cash flow optimization and intends to generate cash flow through carbon credit sales over the next year [18].
Carbon Streaming Announces Settlement Agreements Related to Rimba Raya and Marvivo Projects
Globenewswire· 2025-07-24 11:30
Core Viewpoint - Carbon Streaming Corporation has reached settlements regarding disputes related to the Rimba Raya Biodiversity Reserve Project and the MarVivo Blue Carbon Conservation Project, which are expected to positively impact the company's operations and financial standing [1][8]. Rimba Raya Project Settlement - The company has settled disputes with Infinite-Earth Limited and related parties concerning allegations of breach of agreements related to the Rimba Raya Project [2]. - Key terms of the settlement include a payment of US$650,000 and the return of 4,539,180 common shares for cancellation, which will reduce the total outstanding shares to 48,332,053 [5][6]. - The settlement will be implemented within 10 days, and the company continues to pursue damages against Justin Cochrane in a separate court proceeding [3][5]. MarVivo Project Settlement - Carbon Streaming has also settled with Fundación MarVivo México and MarVivo Corporation regarding the MarVivo Project, which includes the abandonment of the project effective September 20, 2024 [8][11]. - The company retains seven-year rights in the MarVivo Project if a MarVivo-affiliated party re-acquires rights to the project [11].
Carbon Streaming Announces Annual General Meeting Results
Globenewswire· 2025-06-18 22:00
Core Points - Carbon Streaming Corporation held its annual general meeting of shareholders on June 18, 2025, where all five proposed director nominees were elected [1] - A total of 16,029,044 common shares were voted, representing approximately 30.32% of all outstanding common shares [2] - Deloitte LLP was approved as the auditor, and the directors were authorized to fix their remuneration [2] Election Results - Marcel de Groot received 12,531,540 votes in favor, accounting for 83.370% [3] - Olivier P. Garret received 12,518,740 votes in favor, accounting for 83.285% [3] - Marin Katusa received 12,585,416 votes in favor, accounting for 83.728% [3] - Alice Schroeder received 12,517,415 votes in favor, accounting for 83.276% [3] - Sam Wong received 13,937,826 votes in favor, accounting for 92.726% [3] Company Overview - Carbon Streaming focuses on projects that generate high-quality carbon credits while positively impacting the environment, local communities, and biodiversity [5]