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. develops clean energy products projects that convert waste-derived feedstocks into sustainable aviation fuel and other low-carbon energy products. The company’s recurring news centers on Project Nexus, the Nexus Platform, feedstock and technology partnerships, project evaluation and engineering work, and financing or grant-related steps tied to waste-to-energy development.
Company updates also include capital-structure actions, securities-for-debt transactions, stock option grants, exchange trading status, and shareholder communications following Cielo’s restructuring, wind-down of legacy operations, and strategic pivot toward sustainable aviation fuel projects across North America.
Cielo Waste Solutions Corp. (OTCQB:CWSFF) is set to host a corporate webinar on November 9, 2022, at 2 PM ET. CEO Ryan Jackson, CFO Jasdeep K. Dhaliwal, and EVP of Operations Ryan Carruthers will present updates on the company's waste-to-fuel technology and upcoming milestones. The presentation will include highlights from the latest Investor Presentation and details about the new Research and Development Facility in Aldersyde, Alberta. Interested parties can register for the webinar to gain insights and ask questions.
Cielo Waste Solutions Corp. (CWSFF) reported significant financial losses for the quarter ending July 31, 2022, with a net loss of $27.6 million, up from $3.0 million in Q1 2021, primarily due to a $25.4 million impairment loss linked to the Aldersyde Facility's decommissioning. Total assets decreased by $19.7 million, driven by falling property, plant and equipment values, while working capital improved to $9.0 million following a public offering that raised $9.8 million. Liabilities also declined, showcasing a shift in financial positioning amid ongoing strategic developments.
Cielo Waste Solutions Corp. (CWSFF) has announced its Annual General Meeting (AGM) to be held on October 27, 2022. The company confirmed the permanent appointments of Ryan Jackson as CEO and Jasdeep K. Dhaliwal as CFO. Both will focus on leading the company toward commercialization goals. Furthermore, Don Allan and Jasdeep K. Dhaliwal will retire from the Board. Cielo has also extended its engagement with RB Milestone Group for investor relations services at a cost of US$10,833 per month.
Cielo Waste Solutions Corp. has successfully completed a shares for debt transaction to repay CAD $2,000,000 of a mortgage loan with First Choice Financial and KV Capital. This transaction, approved by the TSXV Venture Exchange, involved the issuance of 26,984,126 common shares at prices between $0.07 and $0.09 per share, reducing the loan principal to CAD $4,500,000. The repaid shares will be subject to a 4-month hold period expiring on January 9, 2023. Additionally, 2,000,000 Bonus Warrants will expire on or about December 7, 2022.
Cielo Waste Solutions Corp. (OTCQB:CWSFF) announced its financial results for the year ending April 30, 2022. The company reported a net loss of $14.4 million, significantly down from $39.7 million in the previous year. Total assets rose by $8.3 million to reflect investments in facilities and patents. Meanwhile, total liabilities saw a reduction of $0.7 million. A private placement of $4 million in convertible debentures and a public offering of units raising $9.775 million were also completed during the year.
Cielo Waste Solutions Corp. (CWSFF) provided an operational update regarding its waste-to-fuel facilities, particularly focusing on the Aldersyde Facility. Due to rising costs, Cielo shifted its focus towards enhancing its R&D Facility, which will serve as a model for full-scale facilities. The company achieved a 7-day steady-state production run, but plans to transition to R&D operations. Cielo also aims to test new feedstocks to optimize its technology while preparing for a live webinar on August 16, 2022, to discuss its milestones and operational overview.
Cielo Waste Solutions Corp. (CWSFF) announced a commercial lease agreement for 15 acres of its Fort Saskatchewan Property, starting August 1, 2022, for $50,000 monthly rent plus occupancy costs. The lease term is five years, with an option for the tenant to extend for another five years. This agreement is aimed at generating steady income while the company develops its R&D Facility in Aldersyde, Alberta. CEO Ryan Jackson emphasized the benefits of utilizing the property to reduce carrying costs during this phase.
Cielo Waste Solutions Corp. announced the appointment of Ryan Carruthers as Executive Vice President, Operations. With over 22 years in the oil and gas sector and a history of operational excellence, Carruthers is expected to drive project execution crucial for Cielo's goals. Ryan Jackson, Interim CEO, expressed confidence in Carruthers' expertise as vital for future success. This strategic move may enhance the company's operational capabilities in waste-to-fuel technology, contributing to its mission of sustainable waste management.
Cielo Waste Solutions Corp. closed a public offering of units, raising approximately $9.775 million. The offering included 139,642,856 units sold at $0.07 each, with an over-allotment option exercised. Each unit comprises one common share and a purchase warrant priced at $0.09 for 60 months. The funds will be used for R&D facility costs, operational expenses, and general corporate purposes. Notably, directors and officers acquired 1,485,851 units, deemed a related party transaction under MI 61-101, exempting them from formal valuation and approval requirements.
Cielo Waste Solutions Corp. announced significant management changes on June 13, 2022, including the resignations of CEO Gregg Gegunde and CLO Chris Sabat. Ryan Jackson is appointed as interim CEO, while Jasdeep K. Dhaliwal becomes interim CFO. The company has engaged Echelon Wealth Partners to explore financing options for capital projects. The Aldersyde facility has seen enhancements, but operational guidance on feed production will no longer be provided due to economic unfeasibility. The company will host a conference call on June 13, 2022, for further insights.