Cielo Issues Letter to Shareholders
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 (CWSFF) ha pubblicato una lettera agli azionisti in cui illustra la sua direzione strategica come azienda di soluzioni per i rifiuti. La società ha annunciato il suo primo grande progetto: un impianto di conversione rifiuti-idrogeno in British Columbia che trasformerà i materiali di scarto delle traversine ferroviarie in energia, generando al contempo crediti Low Carbon Fuel Standard (LCFS). Abbandonando un modello dipendente dalla tecnologia, Cielo sta adottando un approccio tecnologicamente neutrale, concentrandosi su tecnologie già consolidate e su relazioni solide tra fornitori e clienti.
La società ha inoltre comunicato che non procederà con le transazioni di azioni per debito precedentemente annunciate a partire dal 21 gennaio 2025, ma intende completarle secondo termini rivisti. Inoltre, Cielo prevede di avviare un'offerta in collocamento privato, di cui saranno forniti ulteriori dettagli.
Cielo Waste Solutions (CWSFF) ha emitido una carta a los accionistas en la que detalla su dirección estratégica como empresa de soluciones para residuos. La compañía anunció su primer proyecto importante: una planta de conversión de residuos a hidrógeno en Columbia Británica que transformará los desechos de durmientes ferroviarios en energía, generando créditos del Low Carbon Fuel Standard (LCFS). Alejándose de un modelo dependiente de la tecnología, Cielo adopta un enfoque agnóstico en cuanto a tecnología, enfocándose en tecnologías probadas y relaciones sólidas entre proveedores y clientes.
La empresa también anunció que no continuará con las transacciones de acciones por deuda previamente divulgadas a partir del 21 de enero de 2025, pero planea completarlas bajo términos revisados. Además, Cielo tiene la intención de lanzar una oferta privada, cuyos detalles se darán a conocer próximamente.
Cielo Waste Solutions (CWSFF)는 주주들에게 폐기물 솔루션 기업으로서의 전략적 방향을 담은 서한을 발행했습니다. 회사는 첫 주요 프로젝트로 브리티시컬럼비아에 폐기물-수소 전환 시설을 발표했으며, 이 시설은 폐철도 침목 원료를 에너지로 전환하고 Low Carbon Fuel Standard(LCFS) 크레딧을 생성할 예정입니다. 기술 의존 모델에서 벗어나 Cielo는 입증된 기술과 공급업체-고객 관계에 집중하는 기술 중립적 접근 방식을 채택하고 있습니다.
또한 회사는 2025년 1월 21일부터 예정되었던 부채 대가 주식 거래를 진행하지 않을 것이며, 수정된 조건으로 거래를 완료할 계획임을 발표했습니다. 아울러 Cielo는 사모 배정 공모를 시작할 예정이며, 세부 사항은 추후 공지될 예정입니다.
Cielo Waste Solutions (CWSFF) a publié une lettre aux actionnaires exposant sa stratégie en tant qu'entreprise de solutions pour les déchets. La société a annoncé son premier projet majeur : une usine de conversion des déchets en hydrogène en Colombie-Britannique qui transformera des matériaux de traverses ferroviaires usagées en énergie tout en générant des crédits Low Carbon Fuel Standard (LCFS). S'éloignant d'un modèle dépendant de la technologie, Cielo adopte une approche agnostique en matière de technologie, se concentrant sur des technologies éprouvées et des relations solides entre fournisseurs et clients.
La société a également annoncé qu'elle ne procédera pas aux transactions d'actions contre dettes précédemment divulguées à partir du 21 janvier 2025, mais prévoit de les finaliser selon des conditions révisées. De plus, Cielo envisage de lancer une offre privée, dont les détails seront communiqués ultérieurement.
Cielo Waste Solutions (CWSFF) hat einen Aktionärsbrief veröffentlicht, in dem die strategische Ausrichtung als Abfalllösungsunternehmen dargelegt wird. Das Unternehmen kündigte sein erstes großes Projekt an – eine Abfall-zu-Wasserstoff-Anlage in British Columbia, die Altmaterialien von Bahnschwellen in Energie umwandelt und dabei Low Carbon Fuel Standard (LCFS)-Gutschriften generiert. Cielo verabschiedet sich von einem technologieabhängigen Modell und verfolgt einen technologieagnostischen Ansatz, der sich auf bewährte Technologien und Lieferanten-Kunden-Beziehungen konzentriert.
Das Unternehmen gab außerdem bekannt, dass es die zuvor angekündigten Aktien-gegen-Schulden-Transaktionen ab dem 21. Januar 2025 nicht fortsetzen wird, diese jedoch unter überarbeiteten Bedingungen abschließen möchte. Zudem plant Cielo die Durchführung eines Privatplatzierungsangebots, dessen Details noch bekannt gegeben werden.
- Strategic shift to a technology-agnostic approach reduces development risks
- New waste-to-hydrogen facility project in British Columbia with potential LCFS credits revenue
- Focus on proven technologies and vendor relationships may accelerate time to market
- Cancellation of previously announced shares for debt transactions indicates potential financing challenges
- Need for additional funding through upcoming private placement suggests cash constraints
- Unwinding of previous transaction (announced April 30) may impact operational plans
CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) is pleased to have issued today a letter to shareholders, as below:
Dear Shareholders,
Thank you to all those who attended our webinar on April 17, 2025. We are grateful for your continued interest in and support of Cielo and the future we have envisioned for the Company.
Following the announcement of the proposed unwinding of our previous transaction (announced on April 30, 2025), I would like to reaffirm our commitment to a forward-focused strategy that enhances Cielo’s core mission and long-term growth objectives. Cielo is a waste solutions company. Our mission is to match waste products and by-products with compatible technologies that effectively reduce environmental impact while achieving and maintaining profitability. Rather than relying on a single technology, Cielo remains strategically flexible, leveraging lessons learned through development, ownership, acquisition, and licensing of past technologies. While we recognize the benefits of owning or licensing technology, our business model does not depend on it. Instead, we see value in investing in proven technologies under trusted vendor-customer relationships, mitigating risks and reducing anticipated timelines while strengthening our asset base through capital expenditures and fully constructed facilities. By maintaining a technology-agnostic approach, we can strategically allocate resources to drive growth and focus on our core mission of delivering effective waste solutions.
Cielo’s first proposed project is the development of a waste to hydrogen facility in British Columbia. We will deploy a process designed to produce minimal waste by converting scrap railway tie feedstock into usable energy while generating value through Low Carbon Fuel Standard (LCFS) credits and access to various government programs. We expect this will position Cielo to deliver both strong environmental outcomes and meaningful economic returns.
We appreciate your continued trust and support as we execute on the development of our British Columbia facility. We look forward to sharing milestones and providing updates in our forthcoming webinars and news releases. Should you have any questions or wish to discuss our progress further, please feel free to contact me directly.
Sincerely,
Ryan C. Jackson
Chief Executive Officer
Financing
Cielo also announces that it will not proceed with the shares for debt transactions as previously disclosed on January 21, 2025. However, the Company remains committed to completing such transactions under revised terms, which will be announced in the coming days. Additionally, Cielo intends to undertake a private placement offering of securities, with further details to be announced shortly after this news release. These financial initiatives align with the Company’s strategic growth objectives, reinforcing its commitment to operational strength and long-term value creation.
ABOUT CIELO
Cielo Waste Solutions Corp. is a publicly traded company focused on transforming waste materials into high-value products. Cielo seeks to address global waste challenges while contributing to the circular economy and reducing carbon emissions. Cielo is fueling renewable change with a mission to be a leader in the wood by-product-to-fuels industry by using environmentally friendly, economically sustainable and market-ready technologies. Cielo is committed to helping society which the Company believes will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol “CMC,” as well as on the OTC Pink Market under the symbol “CWSFF.”
For further information please contact:
Cielo Investor Relations
Ryan C. Jackson, CEO
Phone: (403) 348-2972
Email: investors@cielows.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.
Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Cielo, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. The Company is making forward-looking statements, including but not limited to, with respect to: its strategic initiatives, business model, and potential benefits and outcomes; its proposed project in British Columbia and related matters, including with respect to grants and credits; anticipated shares for debt transactions and private placement offering; future news releases and webinars.
Investors should continue to review and consider information disseminated through news releases and filed by Cielo on SEDAR+. Although the Company has attempted to identify crucial factors that could cause actual results to differ materially from those contained in forward looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Cielo’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
FAQ
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