TORONTO--(BUSINESS WIRE/AETOSWire)-- Carbon Streaming Corporation (“Carbon Streaming” or the “Company”) (NEO:NETZ) is pleased to provide a corporate update in advance of today’s public listing at 9:30am ET on the Neo Exchange Inc. (“NEO Exchange”). The Company is hosting a live webcast at 10:30am ET today, July 27, 2021, and would welcome participation from current and prospective shareholders, alike. Further details on how to register and participate in the webcast are provided below.
Company Highlights:
- Carbon Streaming’s ticker symbol on the NEO Exchange is NETZ, in reference to the Company’s mission of financing a net-zero carbon future.
- The Company’s current cash position is US$141 million (C$176 million) and no corporate debt.
- Carbon Streaming is in a strong financial position to execute its investment strategy of executing carbon credit streaming agreements for high-quality carbon dioxide equivalent (“CO2e”) carbon credits. The Company is targeting to have completed investments that have the potential to deliver:
- 20 million carbon credits per year for 30 years by year-end 2021;
- 50 million carbon credits per year for 30 years by 2023; and,
- 100 million carbon credits per year for 30 years by 2025.
- The Company has announced a carbon credit stream agreement to purchase the greater of 200,000 carbon credits annually or 20% of the annual carbon credits created from the MarVivo blue carbon project, over the 30-year project life.
- The Company has also announced an exclusive term sheet with the Bonobo Conservation Initiative to develop carbon projects on the Sankuru Nature Reserve and the Kokolopori Bonobo Reserve, which have the potential to remove hundreds of millions of tonnes of CO2e over their 30-year project lives.
- The Company is actively pursuing investment opportunities with multiple First Nations groups throughout Canada to develop carbon credit projects on their traditional territories. The Company expects news on this initiative before the end of 2021.
- In addition, the Company is actively pursuing an extensive pipeline of carbon credit streaming and investment opportunities on projects in North and South America, Europe, Africa, and Southeast Asia that would achieve the corporate goals listed above.
- The Company is also exploring stock exchange listing opportunities in the United States (“U.S.”) and is targeting to be listed on a U.S. stock exchange such as the NASDAQ or NYSE by year-end 2021.
Justin Cochrane, President and CEO of Carbon Streaming, noted “after 20 months of developing a pipeline of high quality CO2e carbon credit investment opportunities, the Company is fully funded to purchase and register the highest quality carbon credits on the planet as we deliver on our mission of financing a net-zero carbon future.”
Webcast
The general public is invited to join a live webcast on Tuesday July 27, 2021 at 10:30am ET where Mr. Cochrane will provide a brief company update and answer questions from participants. Registration details are available on the Company’s website at Carbon Streaming Corporation - Events and at https://zoom.us/webinar/register/WN_OvF8RntbSSmwYcTQxJJSzw
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