Base Carbon to Receive Carbon Credits Under CORSIA Approved VM0050 Methodology

Executive Summary

• Verra approved Base Carbon’s application of the CORSIA‑compliant VM0050 methodology to its Rwanda Cookstoves project.
• The requantification will increase the company’s inventory to an estimated 1.0–1.2 million CORSIA‑aligned carbon credits, positioning them for premium pricing in compliance markets such as CORSIA and Article 6.
• Management announced a Zoom investor town‑hall on the same day to discuss the update and answer shareholder questions.

Key Details

• Methodology Approved: VM0050 – “Energy Efficiency and Fuel‑Switch Measures in Cookstoves, v1.0”.
• Project Impact: Requantification of previously issued credits and future issuance under VM0050; all credits will be CORSIA‑eligible.
• Inventory Outlook: Revised balance projected at ≈ 1.0–1.2 million CORSIA‑aligned carbon credits.
• Market Implication: Credits expected to command materially higher values due to scarcity and rising demand in compliance markets; forecasted CORSIA Phase I pricing of US$26–US$63 per tonne.
• Compliance Pathways: Credits eligible for delivery into CORSIA and other Article 6 compliance markets once Verra finalizes Corresponding Adjustment insurance requirements (anticipated near‑term).
• CEO Quote: Michael Costa highlighted the transition as a “watershed moment” that enhances inventory value, monetization pathways, and premium pricing potential.
• Investor Town Hall:
• Date & Time: Tuesday, September 30, 2025 – 11:00 a.m. EDT (Zoom).
• Purpose: Business update and Q&A for shareholders; registration link provided in the release.

Notable Quotes

“CORSIA is a powerful catalyst for value creation… this requantification significantly increases the value of our inventories and portfolio for our shareholders through increased pathways to monetization, near‑term compliance‑based demand and the associated expected premium pricing.” – Michael Costa, CEO