Cielo Waste Solutions (TSE:CMC) has released an update.
Cielo Waste Solutions Corp. has reported significant progress in Q3 2024, including the closure of an asset purchase that positions them for the production of net-zero carbon intensity Bio-SynDiesel®. The company is advancing the construction of two facilities in Alberta aimed at transforming wood by-products into low-carbon fuels, aligning with global energy transition goals. Financially, Cielo has consolidated shares, raised funds through private placement, and is shifting towards convertible instruments for project financing.
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