Cielo Waste Solu Stock Price, News & Analysis

Cielo Waste Solutions Corp. has extended the term of a previously announced $12 million mortgage loan from 12 months to 24 months, now maturing on September 1, 2023. The company repaid $5.5 million, with a remaining balance of $6.5 million. In exchange for the loan extension, Cielo agreed to use proceeds from any bonus warrants to reduce the loan balance. This extension improves liquidity and reduces short-term liabilities within the next year, aligning with Cielo's goal to lead in waste-to-fuel technology.

Cielo Waste Solutions Corp. (CWSFF) announced it will release its fiscal Q3 2022 financial results after market close on March 21, 2022. Following this, a conference call will take place on March 22, 2022, at 9:00 a.m. MT, featuring CEO Gregg Gegunde, CFO Stephanie Li, and Chief Legal Officer Chris Sabat. They will discuss financial results and provide operational updates. Investors can access the call via phone or webcast, with a replay available until March 29, 2022.

Cielo Waste Solutions Corp. has closed an $11 million mortgage loan to partially repay a $12 million existing mortgage and support working capital. The new loan features a 3% interest rate and a 24-month term, maturing on February 18, 2024. The amendment removes market cap requirements from the existing loan, offering more flexibility. Cielo intends to use the funds to enhance operations at its Aldersyde facility and support R&D at Fort Saskatchewan, improving cash flow and generating interest savings. The loan settlement marks a significant improvement in the company's financial structure.

Cielo Waste Solutions Corp. (OTCQB: CWSFF) announced the grant of 26,573,197 stock options, 5,500,000 restricted share units (RSUs), and 2,100,000 deferred share units (DSUs) to its directors and employees. The options are priced at CAD $0.20, vesting between now and December 31, 2024, and expire on December 31, 2026. This stock-based compensation aims to attract and retain talent while conserving cash during the company's pre-revenue phase. Cielo is focused on developing innovative waste-to-fuel technology, enhancing shareholder and stakeholder alignment.

Cielo Waste Solutions Corp. has secured an $11 million mortgage loan to partially repay an existing loan and support working capital. The loan terms include a 24-month duration with a reduced interest rate of 3%. This financing aims to eliminate market cap requirements associated with the existing loan and return approximately $200,000 in interest reserves. Additionally, Cielo has engaged a New York investor relations firm to enhance its market presence. The closing of the loan is expected around January 17, 2022.

Cielo WasteSolutions Corp. (OTCQB: CWSFF) reported its financial results for Q2 2022, ending October 31, 2021. Total assets rose by $8.5 million to $53.7 million, driven by an asset purchase in Fort Saskatchewan. Total liabilities decreased by $1.9 million, reflecting effective debt management. However, working capital deficiency worsened to $8.2 million, from $0.7 million previously. The net loss for the quarter increased to $4.8 million due to rising R&D and administrative costs. Cielo plans a conference call on December 22, 2021, to discuss results and operational updates.

Cielo Waste Solutions Corp. (OTCQB: CWSFF) announced significant updates on December 16, 2021, including operational progress at its Aldersyde and Fort Saskatchewan facilities. The company successfully terminated royalty and refinery fees with 1888711 Alberta Inc., improving its earnings potential. Additionally, founder Don Allan will retire on February 1, 2022, with Sheila A. Leggett joining the board. A conference call is scheduled for December 22, 2021, to discuss fiscal Q2 2022 results and operational updates.

Cielo Waste Solutions Corp. (OTCQB:CWSFF) announced a significant agreement with 18887711 Alberta Inc., terminating their previous partnership. Under this agreement, Cielo will issue 10 million common shares to 1888, granting Cielo exclusive rights to patented technology enabling waste-to-fuel production. This strategic move is expected to enhance earnings by removing Royalty and Refinery Fees obligations, thus simplifying operations and clarifying rights to technology. The agreement awaits TSX Venture Exchange approval, with closure planned for December 3, 2021.

Cielo Waste Solutions Corp. announces an operational update detailing progress at its Aldersyde Facility and plans for a new R&D facility in Fort Saskatchewan, Alberta. The company aims to enhance production through process modifications, focusing on achieving steady-state production of diesel and naphtha from waste. Key milestones include engineering design commencement in August 2021, with procurement and construction slated for late 2021 and early 2022, respectively. The anticipated commissioning of the Aldersyde Facility is targeted for April 2022, promoting future revenue generation.