Provides Carbon Credit Stream Portfolio Summary and Signs Term Sheet for Canadian Reforestation Project
MarVivo Blue Carbon Project Achieves Next Funding Milestone
Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) is pleased to provide a general corporate update.
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Note: Carbon credit volumes are estimated based on forecasts provided by project partners and historical credit generation by the project. Volumes include credits covered under streaming agreement, credits that are subject to stream participation rights, and associated marketing and sales arrangements. Vintage Year reflects the year in which the associated emission reduction or removal occurred. Actual results may vary.
Justin Cochrane, Founder and CEO stated: “This week marks the one-year anniversary of Carbon Streaming’s public listing on the NEO Exchange. I am proud of the company we are building as we continue to grow and diversify our stream investments, advance our project pipeline, and build internal capabilities. We are excited to see our partners advancing projects, with MarVivo Blue Carbon recently reaching another project milestone”.
Mr. Cochrane continued, “Near term, we are excited by the sustained organic growth potential as 10 or more projects for which we have stream investments are expecting credit issuance by the end of 2023. We look forward to continued collaboration with our project partners and forging productive new partnerships with operators and corporate clients as we advance the collective agenda to ensure a net-zero future.”
Carbon Credit Stream Portfolio Summary
Carbon Streaming continues to build a high quality, diversified portfolio of carbon credit streams and investments. The portfolio has now grown to comprise six streams, covering 13 carbon projects across four continents, with carbon credits expected to be issued from 10 or more carbon projects by the end of 2023. A summary of the portfolio is provided in the following table.
SUMMARY OF KEY STREAM TERMS
Stream
Project Description
Upfront Deposit(1)
(US$)
Initial Term(2)