Welcome to our dedicated page for Cielo Waste Solu news (Ticker: CWSFF), a resource for investors and traders seeking the latest updates and insights on Cielo Waste Solu stock.
Cielo Waste Solutions Corp. (OTCQB: CWSFF; TSXV: CMC) is a publicly traded waste solutions company that reports frequently on its efforts to transform waste materials into high-value products and renewable fuels. The news flow around Cielo provides insight into its evolving waste-to-fuel strategy, flagship projects and corporate developments.
Recent company announcements highlight Project Nexus, described as Cielo’s first commercial project and flagship clean fuels initiative. News releases outline plans for Project Nexus as a large-scale platform for converting biomass and wood waste into low-carbon transportation fuels and renewable fuels such as natural gas and hydrogen. Updates also discuss the related NEXUS Platform concept, intended as a scalable model for future waste-to-fuel facilities in multiple jurisdictions.
Cielo’s news also covers its proposed waste-to-hydrogen facility in British Columbia, including the relocation of its first planned commercial waste-to-fuel facility and a shift in focus from renewable diesel to green hydrogen. These updates often reference feedstocks such as scrap or creosote-treated railway ties, woody biomass and agricultural residues, as well as potential participation in programs like the Clean Fuels Fund and provincial low carbon fuel standard credit initiatives.
Beyond project development, Cielo’s releases address financing and capital structure actions, including securities-for-debt transactions, private placement plans and grant applications, all subject to regulatory approvals. The company also reports on settlement agreements and dispute resolution processes with Expander Energy Inc., shareholder meeting requisitions, board nominations and governance matters.
Investors and observers who follow CWSFF news can use this page to review Cielo’s official announcements on Project Nexus milestones, strategic pivots toward hydrogen and renewable natural gas, shareholder communications and legal or settlement updates. Regular news items provide context on how the company describes its progress in advancing waste-to-fuel projects and its broader mission to contribute to the circular economy and emissions reduction.
Cielo Waste Solutions has announced the appointment of George H. Brookman and Larry Schafran to its board of directors, effective September 8, 2021, replacing Doug Mackenzie and Chris Dovbniak who are resigning. Additionally, Christopher Sabat has been appointed as Corporate Secretary and General Counsel, effective September 1, 2021. The company also disclosed a delay in filing its annual financial statements for the fiscal year ended April 30, 2021, due to the need to restate previous financial documents. An application for a Management Cease Trade Order has been made to the BC Securities Commission.
Cielo Waste Solutions has successfully acquired a 60-acre industrial site in Fort Saskatchewan, Alberta, complemented by a 31,750 square foot industrial building, for CDN$13M, offering a net savings of CDN$9M. The site, previously developed at a cost of CDN$22M, is set to expedite Cielo's future waste-to-fuel facility operations. Concurrently, the company secured a CDN$12M mortgage loan at a 6% annual interest rate to help finance the purchase. The loan includes 12 million share purchase warrants as an inducement and has received conditional approval from the TSX Venture Exchange.
Cielo Waste Solutions has successfully completed a non-brokered convertible debenture financing, securing gross proceeds of CDN$4,000,000. This financing involved the issuance of 4,000 unsecured convertible debentures, each worth CDN$1,000, convertible into common shares at $1.25 per share within a 12-month period. The funds will support engineering work for a new facility in Fort Saskatchewan, Alberta. Cielo will also pay transaction fees totaling CDN$600,000. The debentures are subject to a 4-month hold period, ending December 4, 2021.
Cielo Waste Solutions Corp. (OTCQB:CWSFF) has appointed Gregg Gegunde as Chief Operating Officer, bringing over 26 years of experience in the energy sector. His prior roles include Senior Vice President at Penn West Petroleum. Concurrently, Lionel Robins transitions to Senior Vice President of Global Development/Indigenous Relations, while Raphael Bohlmann takes on the role of Senior Vice President of Corporate Development and Investor Relations. Cielo aims to expand its innovative technology that converts waste into renewable fuels, furthering its commitment to environmental sustainability.
Cielo Waste Solutions Corp. provided an update on its Aldersyde and Edmonton facilities. Key initiatives include desulphurization at Aldersyde and achieving a production goal of 24,000 liters per day. The company has begun commissioning desulfurization equipment to lower sulfur content and is seeing increasing production of diesel from wood waste. Cielo is also progressing on its new Edmonton facility, preparing for necessary permitting and engineering setup. Management aims for ongoing revenue growth from these facilities, laying a foundation for expansion over the next 12 to 36 months.
Cielo Waste Solutions Corp. (CSE:CMC)(OTCQB:CWSFF) announced final approval for its shares to list on the TSX Venture Exchange starting June 24, 2021. The trading symbol 'CMC' remains unchanged, and shareholders need not take any action for the transition from the Canadian Securities Exchange (CSE). This move is expected to be seamless, with trading on the CSE concluding on June 23, 2021. CEO Don Allan expressed gratitude to the TSXV for assisting in expediting the listing process.
Cielo Waste Solutions Corp. has received conditional approval to list its common shares on the TSX Venture Exchange (TSXV), with the transition expected to occur shortly. The company plans to voluntarily delist from the Canadian Securities Exchange (CSE) immediately before trading begins on the TSXV, where it will retain its stock symbol 'CMC.' Cielo's CEO, Don Allan, expressed excitement about the move, highlighting its potential to enhance investor access and the company's global presence. The shares will continue to trade on the OTCQB under the symbol 'CWSFF.'
Cielo Waste Solutions Corp. (CSE:CMC)(OTCQB:CWSFF) has announced its agreement to purchase a 60-acre property in Fort Saskatchewan, Alberta, for CAD $13 million. This land features a 31,750 sq ft building and existing infrastructure, which management believes will expedite facility construction and production timelines. Additionally, Cielo secured a CAD $12 million loan from First Choice Financial, with a 6% interest rate and favorable repayment terms. The loan is secured against Cielo's assets, and the company anticipates significant revenue increases upon completion of facility operations.
Cielo Waste Solutions Corp. (CSE: CMC, OTCQB: CWSFF) announced significant changes to its Board of Directors. Three members, Robin Ray, Mel Angeltvedt, and Lionel Robins, resigned for personal reasons, allowing Ryan Jackson to join as a new board member. Jackson brings extensive experience, having led successful business ventures and currently serving as managing director for RAMECO Group. CEO Don Allan expressed gratitude for the outgoing members' contributions and welcomed Jackson, highlighting the company's commitment to addressing global waste issues through innovative renewable fuel technology.
Cielo Waste Solutions Corp. has successfully completed a non-brokered, convertible debenture financing, raising gross proceeds of CDN$10,000,000. A total of 10,000 unsecured convertible debentures were issued, each at CDN$1,000, convertible into common shares at $1.02 within the term. The funds will be allocated for acquiring land in Edmonton, expanding production capacity, and general working capital. All debentures have been converted at a premium, reflecting strong shareholder confidence. The company aims to enhance its financial position significantly.