Carbon Credits

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Zefiro Methane Completes First-Ever Sale of Carbon Offsets Originated Under ACR's Orphan Well Methodology
Newsfile· 2025-08-19 11:30
Zefiro Methane Completes First-Ever Sale of Carbon Offsets Originated Under ACR's Orphan Well MethodologyZefiro has made a key breakthrough by successfully originating carbon credits based on confirmed emissions reductions of 92,956 metric tonnes of CO2 equivalent from a remediation project in Custer County, Oklahoma. Zefiro has also made its first delivery of carbon credits to Mercuria Energy America, LLC to fulfill a pre-sale agreement. This transaction sets a new precedent in the marketplac ...
Base Carbon Reports Second-Quarter 2025 Operating and Financial Results
Globenewswire· 2025-08-13 11:30
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]
CARBON DONE RIGHT DEVELOPMENTS INC. ANNOUNCES CEASE TRADE ORDER
GlobeNewswire News Room· 2025-07-30 23:20
VANCOUVER, BC, July 30, 2025 (GLOBE NEWSWIRE) -- Carbon Done Right Developments Inc. ("Carbon Done Right" or the "Company") (TSXV: KLX) (FSE: Q1C), a leading provider of high-quality carbon credits sourced exclusively from afforestation and reforestation projects developed and owned by the Company, announces that on July 30, 2025, the British Columbia Securities Commission (“BCSC”) has issued a failure-to-file cease trade order (the “CTO”) under National Policy 11‑207 Failure‑to‑File Cease Trade Orders and ...
Carbon Streaming Announces Settlement Agreements Related to Rimba Raya and Marvivo Projects
Globenewswire· 2025-07-24 11:30
TORONTO, July 24, 2025 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) announces that it has entered into two settlement agreements resolving disputes related to the Rimba Raya Biodiversity Reserve Project (the “Rimba Raya Project”) and the MarVivo Blue Carbon Conservation Project (the “MarVivo Project”). Rimba Raya Project Settlement Carbon Streaming has reached a settlement with Infinite-Earth Limited (“IE”), PT Infinite Ear ...
CARBON DONE RIGHT DEVELOPMENTS INC. ANNOUNCES DELAY IN FILING OF ANNUAL FINANCIAL STATEMENTS AND APPLICATION FOR MANAGEMENT CEASE TRADE ORDER
Globenewswire· 2025-07-15 23:40
Core Viewpoint - Carbon Done Right Developments Inc. is experiencing a delay in filing its continuous disclosure documents due to a recent change of auditor, with an expected filing date by September 30, 2025 [1] Group 1: Company Operations - Carbon Done Right is a leading provider of high-quality carbon credits sourced from afforestation and reforestation projects [1] - The company focuses on nature-based carbon assets to meet the growing demand for carbon credits from companies aiming for Net Zero goals [5] - It engages in the exploration, restoration, and management of terrestrial and marine systems to enhance greenhouse gas sequestration [5] Group 2: Regulatory Actions - The company has applied for a Management Cease Trade Order (MCTO) from the British Columbia Securities Commission, which would prevent management from trading in the company's securities until the documents are filed [2] - There is no guarantee that the MCTO will be granted, and if granted, it would affect the trading ability of the CEO, CFO, and possibly other insiders [2][3] - The British Columbia Securities Commission may issue an issuer cease trade order if the documents are not filed in a timely manner [3] Group 3: Compliance and Internal Policies - During the default period, the company intends to comply with alternative information guidelines as required by National Policy 12-203 [4] - Management and insiders are subject to an insider trading blackout policy consistent with National Policy 11-207 [4] - The company is actively working to resolve outstanding issues related to the audit process and is allocating resources to support its completion [1]
CARBON DONE RIGHT DEVELOPMENTS INC. ANNOUNCES DELAY IN FILING OF ANNUAL FINANCIAL STATEMENTS AND APPLICATION FOR MANAGEMENT CEASE TRADE ORDER
GlobeNewswire News Room· 2025-07-15 23:40
Core Viewpoint - Carbon Done Right Developments Inc. is experiencing a delay in filing its continuous disclosure documents due to a recent change of auditor, with an expected filing date by September 30, 2025 [1] Group 1: Company Operations - Carbon Done Right is a leading provider of high-quality carbon credits sourced from afforestation and reforestation projects [1] - The company focuses on nature-based carbon assets to meet the growing demand for carbon credits from companies aiming for Net Zero goals [5] - It engages in the exploration, restoration, and management of terrestrial and marine systems to enhance greenhouse gas sequestration [5] Group 2: Regulatory Actions - The company has applied for a Management Cease Trade Order (MCTO) from the British Columbia Securities Commission, which would prevent management from trading the company's securities until the documents are filed [2] - There is no guarantee that the MCTO will be granted, and if granted, it would affect the trading of the CEO, CFO, and possibly other insiders [2][3] - The British Columbia Securities Commission may issue an issuer cease trade order if the documents are not filed in a timely manner [3] Group 3: Compliance and Internal Policies - During the default period, the company intends to comply with alternative information guidelines as required by National Policy 12-203 [4] - Management and insiders are subject to an insider trading blackout policy consistent with National Policy 11-207 [4] - The company is actively working to resolve outstanding issues related to the audit process and is allocating resources to support its completion [1]
Barrick Mining's $2 Billion Lumwana Super Pit Expansion on Track
ZACKS· 2025-07-11 13:06
Core Insights - Barrick Mining Corporation is advancing its $2 billion Super Pit Expansion Project at the Lumwana mine, aiming to transform it into a Tier One copper mine [1][2] - The expansion will double Lumwana's copper output to 240,000 tons annually, supported by a new processing plant with a capacity of 50 million tons per year [2][6] - Lumwana has significantly contributed to Zambia's economy, with over $4 billion generated since 2019, primarily through local procurement [3][6] - The mine is leading an environmental initiative through a REDD+ forest conservation program, covering 300,000 hectares, aimed at generating carbon credits and promoting sustainable practices [4][6] - Barrick's shares have increased by 13.7% over the past year, compared to a 33.7% rise in the industry [5] Economic Impact - Lumwana has contributed more than $4 billion to Zambia's economy through taxes, royalties, wages, and local procurement since 2019 [3] - 79% of total procurement, amounting to over $3.4 billion, has been spent with Zambian suppliers [3] - In Q1 of this year, $177 million, or 81% of procurement, was allocated to local contractors [3] Environmental Initiatives - The REDD+ program aims to conserve 300,000 hectares and generate future carbon credits while promoting sustainable livelihoods and biodiversity [4][6] - The initiative is developed in partnership with local chiefdoms and the Forestry Department [4] Industry Performance - Barrick Mining's shares have gained 13.7% over the past year, while the industry has seen a 33.7% increase [5]
Carbon Done Right Provides Board of Directors Update
Globenewswire· 2025-07-08 21:27
Core Viewpoint - Carbon Done Right Developments Inc. is enhancing its board of directors to strengthen its focus on expanding carbon projects beyond its current nature-based solutions and tropical geographies [1] Group 1: Board Appointments - Yang Zhou has been appointed to the board, bringing over 18 years of experience in finance, ESG, and carbon markets [2] - The company is in the process of recruiting a second board member to further bolster its governance [1] Group 2: Board Changes - Neil Passmore and Abayomi Akinjide will step down from the board to concentrate on their corporate roles in the UK, with Passmore remaining as a consultant for operations in South America [3] Group 3: Company Overview - Carbon Done Right is a provider of high-quality carbon credits from afforestation and reforestation projects, aiming to meet the growing demand for carbon credits from companies pursuing Net Zero goals [4] - The company invests in the restoration and management of ecosystems to enhance greenhouse gas sequestration and has a robust pipeline of carbon credit projects [4]
Carbon Done Right Announces Shares for Debt Settlement
Globenewswire· 2025-07-02 21:01
Core Viewpoint - Carbon Done Right Developments Inc. has successfully completed a shares for debt settlement, converting $172,487.50 (US$125,000) of debt into equity to preserve cash for working capital [1][2]. Company Overview - Carbon Done Right is a provider of high-quality carbon credits sourced from afforestation and reforestation projects, focusing on meeting the growing demand for carbon credits from companies aiming for Net Zero goals [1][3]. - The company operates nature-based carbon assets and invests in the exploration, restoration, and management of terrestrial and marine ecosystems to enhance greenhouse gas sequestration [3]. Financial Settlement - The company issued 11,499,166 common shares at a deemed price of $0.015 per share to settle the debt, which was related to a promissory note from 2024 [2]. - The shares issued will be subject to a four-month hold period from the issuance date [2].
Carbon Done Right Announces Closing of $120,000 Non-Brokered Private Placement
Globenewswire· 2025-06-30 15:45
Core Viewpoint - Carbon Done Right Developments Inc. has successfully closed a non-brokered private placement, issuing 8,000,000 shares at $0.015 per share, resulting in gross proceeds of $120,000 [1] Group 1: Private Placement Details - The private placement includes a related party transaction, with 4,000,000 units subscribed by related parties [2] - The proceeds from the offering will be used for continued investment in operations and corporate support for the Company's projects globally [3] - The private placement is subject to closing conditions, including necessary approvals from the TSX Venture Exchange, and no finders' fees were paid [4] Group 2: Company Overview - Carbon Done Right is focused on providing high-quality carbon credits from afforestation and reforestation projects, addressing the growing demand for carbon credits from companies aiming for Net Zero goals [6] - The Company engages in the exploration, restoration, and management of terrestrial and marine systems to enhance greenhouse gas sequestration [6] - Carbon Done Right operates in various jurisdictions, including Sierra Leone, Yucatan, Guyana, and Suriname, under different arrangements with government engagement [6]