TORONTO, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (“BCCPC”, together, with affiliates, “Base Carbon”, or the “Company”), is pleased to announce that carbon credit registry Verra has approved the application of CORSIA-compliant methodology VM0050 to the Company’s Rwanda Cookstoves project. As previously disclosed, the DelAgua Group, project developer for the Rwanda Cookstoves proj ...

Company Highlights - Base Carbon Inc. reported a realized cash settled gain on investments in carbon credit projects of $1,022,000 for Q2 2025, a significant decrease from $12,508,000 in Q2 2024 [3] - Total operating expenses decreased to $1,765,000 from $2,537,000 year-over-year [3] - The company recorded an operating loss of $743,000 for the period, compared to an operating income of $9,971,000 in the same quarter last year [3] - Comprehensive income for the period was $239,000, down from $7,470,000 in Q2 2024 [3] Financial Highlights - As of June 30, 2025, total assets were $110,969,000, a slight decrease from $112,068,000 at the end of 2024 [5] - Total liabilities were reported at $8,802,000, down from $9,059,000 [5] - Total shareholders' equity decreased to $102,167,000 from $103,008,000 [5] Carbon Credit Projects - The company achieved net cash proceeds of $1.0 million from the Vietnam cookstove carbon credit monetization, marking five consecutive quarters of carbon credit sales revenue [6] - The inventory of carbon credits increased by 11.2% to 1,905,003 following the receipt of 192,810 carbon credits from the Rwanda cookstoves project [6] - The DelAgua Group submitted a requantification request to Verra for the Rwanda cookstoves project, which could enhance the value of carbon credits issued under the new CORSIA-approved methodology [6][13] Investment and Share Repurchase - The company repurchased approximately 6 million shares at an average price of C$0.49 per share through its normal course issuer bid [6] - As of June 30, 2025, cash and cash equivalents stood at $10,425,000, down from $14,799,000 [7] Future Projects - The India Afforestation, Reforestation, and Revegetation project is expected to issue its first carbon credits in the first half of 2026 [15] - The company is actively assessing capital deployments that generate carbon credits while producing commercial products, including biochar and agroforestry [18][19] Investor Engagement - An Investor Town Hall is scheduled for September, where management will provide updates and respond to investor questions [20]

Core Insights - Hybrid Power Solutions Inc. has partnered with Terrapass to provide customers with a way to offset carbon emissions even when using hybrid systems that include generators [1][2][3] - The partnership allows clients to calculate and offset emissions through certified carbon credits, addressing the environmental impact of backup generators [2][3] - The collaboration aims to streamline emissions reporting and credit purchasing, making it easier for clients to meet sustainability goals without compromising operations [4][7] Company Overview - Hybrid Power Solutions is a Canadian clean energy innovator focused on developing portable power systems that minimize or eliminate the need for fossil fuels in off-grid and remote applications [5] - Terrapass is a social enterprise dedicated to reducing climate change and supports projects that reduce greenhouse gas emissions and produce renewable energy [5] Partnership Benefits - Clients can purchase verified carbon credits to balance emissions from hybrid systems, ensuring trackable impact through reports that quantify offset amounts and project types [7] - The partnership supports certified projects in forestry, methane capture, and refrigerant recycling, allowing clients to operate mission-critical equipment while achieving ESG targets [7]