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 (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.
Cielo Waste Solutions (TSXV:CMC; OTC PINK:CWSFF) announces the cancellation of its Annual General Meeting (AGM) scheduled for December 19, 2024, due to the ongoing Canada Post strike that began November 15, 2024. The strike has disrupted the distribution of proxy materials to shareholders. The company is unable to meet the statutory AGM deadline of December 31, 2024, and has applied for an extension, aiming to reschedule for January 2025. U.S. shareholders who receive materials should disregard them. New meeting details will be distributed once a new date is set.
Cielo Waste Solutions (TSXV:CMC; OTC PINK:CWSFF) has announced the cancellation and rescheduling of its annual general meeting (AGM) originally planned for October 29th, 2024. The meeting will be rescheduled for the week of December 16, 2024, with the exact date to be determined. The Board's decision was primarily due to technical difficulties. Instead of using Microsoft Teams, the rescheduled AGM will be held in-person to enhance efficiency, transparency, and communication. A new Notice of Meeting and Management Information Circular will be distributed to shareholders and filed on SEDAR+.
Cielo Waste Solutions (TSXV:CMC; OTC PINK:CWSFF) announces its virtual Annual General Meeting (AGM) scheduled for Tuesday, October 29, 2024, at 10 a.m. MT. The company has extended the proxy voting deadline to Monday, October 28, 2024, at 2 p.m. MT to provide shareholders additional time to vote. Shareholders can attend virtually through Microsoft Teams using the provided link, meeting ID, and passcode. Meeting materials are available on SEDAR+ and the company's website. Management encourages advance proxy voting while noting that proxy voters can still participate in the AGM's question and answer session.
Cielo Waste Solutions Corp. (TSXV:CMC; OTC PINK:CWSFF) provides an update on its binding letter of intent (LOI) to acquire the Carseland Facility from Rocky Mountain Clean Fuels Inc. The transaction aims to position Cielo for commercial production and revenue generation. The facility uses patented Enhanced Gas-To-Liquids technology to produce synthetic diesel and jet fuel. Cielo plans to enhance the process by building a gasifier to deploy its licensed Enhanced Biomass to Liquids technology, resulting in Bio-Synfuels with near net-zero carbon intensity.
The closing date has been extended for additional due diligence. Cielo has also engaged Integral Wealth Securities as a market maker for a monthly fee of $6,000. Additionally, the company has terminated its proposed private placement offering of convertible debenture units due to current market conditions.
Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) will participate in the Canadian Climate Investor Conference (CCIC) on June 25, 2024, in Toronto. CEO Ryan Jackson will present details about Cielo's recent acquisition of a gas-to-liquids processing facility in Carseland, Alberta, and the planned expansion to produce renewable fuel from wood waste. This event, hosted by the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), offers Cielo a platform to engage with stakeholders and discuss its long-term growth strategy.