Cielo Waste Solu Stock Price, News & Analysis

Cielo Waste Solutions (CWSFF) has issued a shareholder letter outlining its strategic direction as a waste solutions company. The company announced its first major project - a waste-to-hydrogen facility in British Columbia that will convert scrap railway tie feedstock into energy while generating Low Carbon Fuel Standard (LCFS) credits. Moving away from a technology-dependent model, Cielo is adopting a technology-agnostic approach, focusing on proven technologies and vendor-customer relationships.

The company also announced it will not proceed with previously disclosed shares for debt transactions from January 21, 2025, but plans to complete them under revised terms. Additionally, Cielo intends to launch a private placement offering, with details forthcoming.

Cielo Waste Solutions has announced a significant Settlement Agreement with Expander Energy and related parties, effectively unwinding previous transactions from their November 2023 asset purchase agreement. The settlement includes:

Between 40-60 million common shares (30-47% of outstanding shares) will be surrendered back to Cielo for cancellation. All agreements, including the License Agreement and Service Agreements, will be terminated. Expander will withdraw its shareholder meeting requisition and agree to an 18-month standstill period.

The settlement requires Cielo to pay C$748,208.79 to the Settlement Parties. Additionally, the company has rescheduled its annual general meeting to June 24, 2025, where incumbent directors will be nominated for re-election. Cielo has also assigned a promissory note from its Aldersyde, Alberta property sale at a discount.

Cielo Waste Solutions Corp (CWSFF) announced several corporate updates. The company will host a webinar on April 17, 2025, featuring CEO Ryan C. Jackson and CFO Jasdeep K. B. Dhaliwal to discuss strategic initiatives and future outlook.

The company plans to relocate its first commercial waste-to-fuel facility from Carseland, Alberta to British Columbia, shifting focus from renewable diesel to green hydrogen production. This strategic move aims to leverage the British Columbia Low Carbon Fuel Standard credit program. Cielo is in advanced discussions with a technology provider for a BC project using scrap railway ties as feedstock and has identified two additional potential projects in the United States.

Additionally, Cielo is facing legal challenges with Expander Energy Inc. On April 11, 2025, Expander issued termination notices for both the License Agreement and Management Services Agreement, along with statements of claim. Cielo has retained Norton Rose Fulbright Canada LLP as legal counsel to address these matters.

Cielo Waste Solutions Corp (TSXV: CMC; OTC PINK: CWSFF) has issued a statement on April 10, 2025, responding to what it describes as misleading press release from Expander Energy Inc. published on April 6, 2025.

The company highlights several concerns regarding Expander's communication:

• Material misstatements and misleading attributions of third-party statements to Cielo
• Expander's delayed raising of issues regarding October 31, 2023 financial statements
• Expander's unusual request for shareholder approval to become a 'Control Person' of Cielo

CEO Ryan C. Jackson has invited all shareholders, including Expander, to engage in constructive dialogue. The company has retained Norton Rose Fulbright Canada LLP as legal advisor and announced that a previously scheduled corporate update webinar will be rescheduled to a later date.

Cielo Waste Solutions (TSXV:CMC; OTC PINK:CWSFF) has received a shareholder meeting requisition from Expander Energy, its largest shareholder holding over 5% of common shares. The requisition follows Cielo's April 1, 2025 announcement of an annual general meeting planned for June 2025.

Expander's requisition calls for:

• Fixing board size at five directors
• Removal of all current directors
• Election of five Expander nominees
• Re-appointment of MNP LLP as auditor
• Re-approval of company's incentive plan
• Authorization for Expander to become a Control Person

CEO Ryan C. Jackson expressed disappointment in Expander's escalation rather than engaging in constructive dialogue. The company attributes share price decline to broader market conditions and industry challenges, while implementing transformation efforts for sustainable growth.

Cielo Waste Solutions (CWSFF) announced significant strategic changes to its operations. The company plans to relocate its first commercial waste-to-fuel facility from Carseland, Alberta to British Columbia, shifting production focus from Renewable Diesel to Green Hydrogen using scrap railway ties as feedstock. This move aims to leverage the British Columbia Low Carbon Fuel Standard credit program.

The company has cancelled its previously announced acquisition of Rocky Mountain Clean Fuels' EGTL facility in Carseland, Alberta, citing market uncertainty and regulatory challenges. Additionally, Cielo is entering a dispute resolution process with Expander Energy regarding their licensing agreement for EBTL™ and BGTL™ technologies, following notices of breach from Expander.

Other corporate updates include the resignation of James H. Ross from the Board of Directors and the postponement of the Annual General Meeting to June 2025. A corporate update webinar is scheduled for April 10th, 2025.

Cielo Waste Solutions (TSXV:CMC; OTC:CWSFF) has announced plans to settle $1,622,413.10 in debt through share issuances. The company will issue 15,451,545 common shares at $0.105 per share, subject to TSX Venture Exchange approval.

The settlement includes two components: 14,480,856 shares to settle $1,520,490.67 with various creditors, and 970,689 shares to settle $101,922.43 with a company insider. The insider transaction falls under MI 61-101 regulations but is exempt from valuation and minority shareholder approval requirements as it represents less than 25% of the company's market capitalization.

All issued shares will be subject to a 4-month hold period. The company also corrected a previous announcement from April 29, 2024, regarding prior debt settlements, noting the share price should have been stated as $0.31 instead of $0.32.

Cielo Waste Solutions (TSXV:CMC; OTC:CWSFF) provided an update on its proposed acquisition of an Enhanced Gas to Liquids (EGTL™) facility in Carseland, Alberta, owned by Rocky Mountain Clean Fuels Inc. (RMCFI). The key development is RMCFI securing a C$20.8 Million grant through the Alberta Petrochemicals Incentive Program (APIP), which is expected to be included in the transaction assets.

Cielo plans to enhance the facility by building a gasifier to deploy Enhanced Biomass to Liquids (EBTL™) Technology, enabling the production of Bio-Synfuels with near net-zero carbon intensity. The company and RMCFI are continuing due diligence procedures and will provide further updates upon executing a definitive agreement. The APIP Grant remains contingent on achieving certain operational milestones.

Cielo Waste Solutions (CWSFF) announces the sale of its TCD Technology assets and Aldersyde Property for $3.9 million. The transaction includes the assignment of a $2.6 million mortgage loan to the purchaser. The company will receive $300,000 at closing and a $1 million promissory note with 7.5% annual interest. This strategic move allows Cielo to focus on its recently acquired Licensed Technologies from Expander Energy, including EBTL™ and BGTL™, which are considered more market-ready. The transaction is set to be effective on November 29, 2024, subject to customary conditions.