Pitch-based carbon fiber

Base Carbon Reports Third-Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 14, 2023

TORONTO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) (“Base Carbon”, or the “Company”) is pleased to announce its third-quarter 2023 consolidated financial results.

Key Points: 
  • TORONTO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) (“Base Carbon”, or the “Company”) is pleased to announce its third-quarter 2023 consolidated financial results.
  • All financial references are denominated in U.S. dollars, unless otherwise noted.
  • Vietnam project capital deployment is now 92% complete with contractual, milestone-based payments of $0.2mm deployed during Q3 2023.
  • The current NCIB program began on June 21, 2023, allowing Base Carbon to purchase up to an additional 7,974,471 common shares during the 12 months following renewal.

Abaxx Provides Corporate Update and Quarterly Development Activities

Retrieved on: 
Wednesday, August 16, 2023

TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, summarizes development activities over the past quarter and the general progress of the Company’s business plans.

Key Points: 
  • Exchange Product Development: Abaxx Singapore is finalizing Stage 3 of its nickel-related product development — focused on industry, risk, and regulatory considerations.
  • Abaxx Group Development Company Base Carbon Delivers First Revenues to Abaxx Technologies: In Q2-2023, Abaxx achieved an important corporate milestone by recognizing first revenues on the Company’s 2.5% gross revenue royalty on Base Carbon sales, the first group revenue from an organic development project within Abaxx.
  • The Company plans to host a quarterly business update investor presentation, to provide a business update and respond to investor questions.
  • The Company invites current and prospective shareholders to attend this quarterly business update and Q&A session with the Abaxx executive team.

Base Carbon Announces AGM Results

Retrieved on: 
Tuesday, August 15, 2023

TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal, and related climate action projects, is pleased to announce the results of its first Annual General Meeting.

Key Points: 
  • TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal, and related climate action projects, is pleased to announce the results of its first Annual General Meeting.
  • A total of 58,856,795 common shares, representing 48.928% of the issued and outstanding common shares of the Company, were represented at the Meeting.
  • Five (5) directors were elected to the Company’s board for the ensuing year.
  • The following is a tabulation of the votes submitted in person and by proxy:

Base Carbon Partners With Developer of Carbon Removal Projects

Retrieved on: 
Tuesday, August 8, 2023

TORONTO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal, and related climate action projects, is pleased to announce it has executed an agreement, through its wholly owned subsidiary Base Carbon Capital Partners Corp. (“BCCPC”), to facilitate the development of a nature-based carbon removal project, focused on the reforestation of degraded rural farmlands in the northern Indian state of Uttar Pradesh (the “Project”).

Key Points: 
  • TORONTO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal, and related climate action projects, is pleased to announce it has executed an agreement, through its wholly owned subsidiary Base Carbon Capital Partners Corp. (“BCCPC”), to facilitate the development of a nature-based carbon removal project, focused on the reforestation of degraded rural farmlands in the northern Indian state of Uttar Pradesh (the “Project”).
  • Base Carbon anticipates reinvesting a portion of proceeds from Project credit sales to fund maintenance capital requirements.
  • Base Carbon will retain the right of first refusal on any expansions of the Project.
  • Base Carbon, through its wholly owned subsidiary BCCPC, is diversifying its portfolio into carbon removal projects beginning with an afforestation, reforestation, and revegetation project (ARR) in India.

Base Carbon Reports Second-Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 2, 2023

TORONTO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) (“Base Carbon”, or the “Company”) is pleased to announce its second-quarter 2023 consolidated financial results.

Key Points: 
  • TORONTO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) (“Base Carbon”, or the “Company”) is pleased to announce its second-quarter 2023 consolidated financial results.
  • Base Carbon CEO Michael Costa stated: “Our performance in the second quarter of 2023 reflects the incredible work of the team at Base Carbon.
  • In June of 2023, Base Carbon received full contractual settlement proceeds of $6.4mm for VCUs issued and delivered.
  • On June 21, 2023, Base Carbon renewed its NCIB and may purchase up to an additional 7,974,471 common shares during the 12 months following renewal.

Base Carbon Enters Into Automatic Share Purchase Plan

Retrieved on: 
Friday, July 14, 2023

TORONTO, July 14, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal and related climate action projects, announced today that it has entered into an automatic share purchase plan ("ASPP") with a broker in order to facilitate repurchases of Base Carbon's common shares ("Common Shares") under its previously announced normal course issuer bid ("NCIB").

Key Points: 
  • TORONTO, July 14, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal and related climate action projects, announced today that it has entered into an automatic share purchase plan ("ASPP") with a broker in order to facilitate repurchases of Base Carbon's common shares ("Common Shares") under its previously announced normal course issuer bid ("NCIB").
  • During the effective period of Base Carbon's ASPP, Base Carbon's broker may purchase Common Shares at times when the Company would not be active in the market due to insider trading rules and its own internal trading blackout periods.
  • Outside of the effective period of the ASPP, Common Shares may continue to be purchased pursuant to Base Carbon's discretion, subject to applicable law.
  • The ASPP has been entered into in accordance with the requirements of applicable Canadian securities laws.

Abaxx Provides Quarterly Development Activities and Commercial Update

Retrieved on: 
Tuesday, July 11, 2023

TORONTO, July 11, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, summarizes development activities over the past quarter and the general progress of the Company’s business plans.

Key Points: 
  • Achieved an important corporate milestone by recognizing first revenues on the Company’s 2.5% gross revenue royalty on Base Carbon sales, the first group revenue from an organic development project within Abaxx.
  • Progressed the strategic-partner financing process for an equity financing in the Company’s subsidiary Abaxx Singapore Pte.
  • Member engagement accelerated as commercial participants reached out to their respective Futures Commission Merchants (FCMs), signaling their intention to trade Abaxx commodity futures products when available.
  • Exchange Product Development: Abaxx Singapore is pleased to announce significant progress towards completion of Stage 3 of its Nickel product development — focused on industry, risk, and regulatory considerations.

Base Carbon Announces Credit Issuance and Revenues From Water Purifiers

Retrieved on: 
Tuesday, June 27, 2023

TORONTO, June 27, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal, and related climate action projects, announced today that it has received revenues from the sale of 95,318 carbon credits generated from the water purifier component of the Vietnam Household Devices Project (the “Project”) pursuant to its agreement with Project developer, Sustainability Investment Promotion and Development Joint Stock Company (“SIPCO”), and offtake arrangement with the Citigroup Global Markets Limited (“Citigroup”).

Key Points: 
  • TORONTO, June 27, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal, and related climate action projects, announced today that it has received revenues from the sale of 95,318 carbon credits generated from the water purifier component of the Vietnam Household Devices Project (the “Project”) pursuant to its agreement with Project developer, Sustainability Investment Promotion and Development Joint Stock Company (“SIPCO”), and offtake arrangement with the Citigroup Global Markets Limited (“Citigroup”).
  • As previously disclosed, Base Carbon facilitated a carbon credit offtake agreement between Citigroup and SIPCO, developer of the Project, related to the initial 7.4 million carbon credits issued from the Project.
  • Base Carbon has now received full payment associated with delivering the initial 95,318 water purifier generated carbon credits to Citigroup.

Base Carbon Announces Renewal of Normal Course Issuer Bid

Retrieved on: 
Monday, June 19, 2023

TORONTO, June 19, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal, and related climate action projects, announced today that the Neo Exchange (“NEO”) has approved the Company’s renewed normal course issuer bid (“NCIB”) to purchase, for cancellation, up to 7,974,471 of Base Carbon’s common shares (“Common Shares”).

Key Points: 
  • TORONTO, June 19, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal, and related climate action projects, announced today that the Neo Exchange (“NEO”) has approved the Company’s renewed normal course issuer bid (“NCIB”) to purchase, for cancellation, up to 7,974,471 of Base Carbon’s common shares (“Common Shares”).
  • The Company’s current normal course issuer bid ended on June 16, 2023, and pursuant to the renewed NCIB, Base Carbon may purchase over a period of 12 months starting June 21, 2023, and ending June 20, 2024, up to 7,974,471 Common Shares representing approximately 6.6% of the total 121,108,302 issued and outstanding Common Shares and 10% of the Company’s public float as of June 9, 2023.
  • On any given day during the NCIB, Base Carbon may purchase up to 14,678 Common Shares which is equivalent to 25% of the average daily trading volume of 58,713 for the previous six months, which excludes purchases made under the current normal course issuer bid.
  • Block trades for a greater number of Common Shares may be made once per calendar week.

Base Carbon Announces First Revenues From Sale of Carbon Credits

Retrieved on: 
Tuesday, June 6, 2023

As previously disclosed, Base Carbon facilitated a carbon credit offtake agreement between Citigroup and SIPCO, developer of the Project, related to the initial 7.4 million carbon credits issued from the Project.

Key Points: 
  • As previously disclosed, Base Carbon facilitated a carbon credit offtake agreement between Citigroup and SIPCO, developer of the Project, related to the initial 7.4 million carbon credits issued from the Project.
  • Base Carbon has now received full payment associated with delivering the initial 1,020,903 cookstove-generated carbon credits to Citigroup.
  • The Company anticipates the first carbon credit issuance and associated revenues for the water purifier portion of the Project in the near-term.
  • Base maintains a contractual preferential share of the revenues from the first 2.2 million carbon credits generated.