Welcome to our dedicated page for Blusky Carbon news (Ticker: BSKCF), a resource for investors and traders seeking the latest updates and insights on Blusky Carbon stock.
BluSky Carbon Inc. develops carbon-removal clean technology centered on biochar production and related carbon-credit applications. Company news commonly covers certified testing of biochar produced by Vulcan Heavy equipment, biochar offtake and project development updates, and commercial relationships involving biochar and engineered carbon uses in construction and industrial materials.
Capital-markets updates include non-brokered convertible debenture financing, warrant terms, working-capital use of proceeds, annual financial statements, management discussion and analysis, certifications, shareholder voting matters, governance matters, and capital-structure disclosures.
BluSky Carbon Inc. (CSE:BSKY)(OTCQB:BSKCF)(FWB:QE4) has been accepted as a general member of the German Association for Negative Emissions (DVNE). The DVNE, founded in June 2023, is believed to be the first national association for CO2 removal. It serves as a multi-stakeholder, industry-led platform to facilitate collaboration and policy development for the carbon dioxide removal industry.
BluSky CEO Will Hessert stated that the company already works with some DVNE member organizations on carbon removal verification technologies and business development opportunities. He emphasized the company's aim to participate, learn, and bring policies and ideas back to help build a more robust industry in North America.
BluSky Carbon Inc. (CSE:BSKY)(OTCQB:BSKCF) has secured a US$105 million biochar sales agreement over 10 years. The contract involves supplying up to 382,213 tonnes of biochar for agricultural grade soil amendments in Southern USA. The delivery schedule aims for 22,200 short tons in the first year, scaling up to 40,000 tons per year thereafter. The negotiated rate is US$275 per ton.
The company's ability to meet deliveries beyond year 1 depends on commissioning additional Vulcan Heavy biomass pyrolysis systems, each costing about US$3 million. BluSky's current capacity with one Vulcan Heavy system is estimated at 15,000 tons annually, worth approximately US$4 million under the agreement.
The contract includes provisions for renegotiation or termination based on USDA funding changes or failure to fulfill terms. Emlia Partners assisted in facilitating the agreement.
BluSky Carbon Inc. (CSE:BSKY, OTCQB:BSKCF, FRA:QE4) has announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States. This follows the company's recent listing on the OTCQB Market. DTC eligibility allows for faster and more efficient trading of BluSky's shares, expanding its reach to a wider range of U.S. investors and brokerage firms.
CEO Will Hessert described this development as an important milestone that significantly extends BluSky's market presence. The company's shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol 'BSKY' and on the Frankfurt exchange (FWB) under 'QE4', in addition to the OTCQB Market under 'BSKCF'.
BluSky Carbon Inc. (CSE:BSKY)(OTCQB:BSKCF)(FWB:QE4) has announced two significant developments:
1. A partnership with Cula Technologies GmbH for technical data verification services. Cula's Monitoring, Reporting, and Verification (MRV) platform will integrate with BluSky's operations to ensure transparency and data verification for carbon credit certification.
2. The listing of its common shares on the US-based OTCQB Market under the symbol 'BSKCF'. The company has applied for DTC eligibility, with approval expected in Q3 2024.
BluSky's CEO, Will Hessert, emphasized the importance of Cula's technology in bridging the gap between real-world processes and carbon credits. The company will continue trading on the CSE and Frankfurt exchange. Additionally, BluSky has terminated its letter of intent with Carbon Alliance Group Inc.
BluSky Carbon Inc. (CSE:BSKY)(OTCQB:BSKCF)(FWB:QE4) has partnered with Cula Technologies GmbH, a leading data management verification service, to enhance its carbon dioxide removal (CDR) technology. This collaboration aims to provide evidence-backed transparency for carbon credit certification.
Cula's technology integrates directly with BluSky's biochar machinery, offering real-time monitoring of carbon removal processes. This partnership ensures that one ton of carbon removal equals one ton of carbon credits, bridging the gap between real-world processes and carbon credit verification.
Additionally, BluSky has listed on the US-based OTCQB Market, potentially increasing its visibility to investors.