Cielo Waste Solu Stock Price, News & Analysis

Cielo Waste Solutions Corp. (CWSFF) has successfully completed the commissioning of its new research and development facility in Aldersyde, Alberta. This facility aims to refine performance characteristics and optimize the conversion of waste to fuel, crucial for the eventual launch of the Dunmore Facility. Cielo is also collaborating with Alberta Environment for the necessary permits to operate the R&D Facility, having opted to submit a new application to aid in timely approval. The company has engaged Matrix Solutions to strengthen its application process. Cielo's leadership emphasizes the importance of this milestone in moving towards commercialization. A webinar scheduled for April 26, 2023, aims to inform investors about current operations and future steps.

Cielo Waste Solutions Corp. has announced plans for its first commercial facility in Dunmore, Alberta. The company is in discussions to finalize financing with Crestmont Investments, changing its earlier proposal from convertible debentures to units of common shares and warrants. Management confirms substantial progress on its R&D facility in Aldersyde and anticipates operational updates soon. Crestmont's due diligence review has led to its commitment to support Cielo's first commercial plant, minimizing shareholder dilution while unlocking funding opportunities. A secured note of CAD $3 to $5 million is set to be issued, facilitating immediate cash flow and enabling Crestmont's potential participation in the project. Cielo's strategy focuses on sustainable waste-to-fuel conversion, with an investor webinar scheduled for April 26, 2023 to discuss operational updates and future milestones.

Cielo Waste Solutions Corp. (CWSFF) announced the successful settlement of its $4,500,000 mortgage loan through a Securities for Debt Transaction, approved by the TSXV. This transaction involved issuing 64,285,714 repayment units at $0.07 each, composed of shares and warrants. The move will eliminate 54,500,000 bonus warrants previously issued, reducing the common shares reserved. The company’s properties in Fort Saskatchewan and Aldersyde will be discharged as security for the mortgage loan. Cielo aims to drive sustainable waste-to-fuel technology while minimizing environmental impact.

Cielo Waste Solutions Corp. (CWSFF) reported its financial results for the three and nine months ending January 31, 2023. The company's total assets decreased from $53.5 million to $31.9 million, while total liabilities slightly decreased to $19.4 million. Notably, general and administrative costs dropped by $2.1 million over nine months, reflecting cost management efforts. Research and development expenses also fell as focus shifted towards the new R&D Facility, recently completed and now in commissioning phases. Despite a net loss of $2.3 million for the quarter and $20 million for the nine-month period, the company anticipates further advancements and funding via a private placement offering.

Cielo Waste Solutions Corp. has announced a significant debt settlement agreement of CAD 4.5 million through the issuance of securities. This agreement aims to eliminate outstanding mortgage debt with First Choice Financial and KV Capital Partners, enhancing Cielo's financial position. The terms include issuing 64,285,714 units at CAD 0.07 per unit, which consists of common shares and purchase warrants. The deal will also remove the Aldersyde Property from being used as security, improving liquidity and reducing debt burden. The company plans to proceed with its R&D facility, targeting completion by Q2 2023.

Cielo Waste Solutions Corp. announces a shift from a CAD $5,000,000 secured convertible note offering to an equity placement with Crestmont Investments. This change aims to enhance financial stability without pledging assets. Additionally, Cielo is working on a secured debt repayment of CAD $4,500,000 owed to First Choice Financial through securities issuance. The financing will support the company's R&D facility, projected for commissioning by Q2 2023, and aims to foster long-term economic sustainability. Crestmont's equity investment reflects confidence in Cielo's commercialization strategy, which aims to convert waste into fuel efficiently.

Cielo Waste Solutions Corp. (CWSFF) has granted 17,692,308 stock options to directors, officers, and staff as part of its amended 2022 stock option plan, approved by shareholders. Independent directors will exercise options at $0.10 per share, while officers and employees will do so at $0.065. Vesting schedules vary, with specific milestones for the CEO and CFO. This initiative aims to retain talent as the company progresses in developing its first commercial facility. The options expire on December 28, 2027. Cielo focuses on converting waste to fuel using sustainable technology.