Cielo launches Project Nexus waste-to-fuel effort

Executive Summary

• Cielo Waste Solutions Corp. has launched its flagship clean fuels initiative, Project Nexus, a commercial waste-to-fuel facility located in Northern British Columbia.
• The project aims to convert challenging waste streams (creosote-treated railway ties, woody biomass, agricultural residues) into renewable natural gas and hydrogen, serving as a proving ground for the scalable "Nexus platform."
• The company has submitted a $5-million grant application to the Canadian Clean Fuels Fund and is pursuing additional non-dilutive funding from provincial and federal programs to reduce capital requirements.

Key Details

• Project Nexus Scope: Designed to transform waste streams into renewable fuels including natural gas and hydrogen. It serves as the foundation for the "Nexus platform," a replicable framework for future waste-to-fuel facilities.
• Location and Status: A jurisdiction in Northern British Columbia has been identified. The company is currently completing site due diligence before advancing to the pre-FEED (front-end engineering design) stage.
• Funding Applications:
  • Submitted a $5-million grant application under the Canadian Clean Fuels Fund.
  • Intends to pursue funding from the CleanBC Industry Fund, the Strategic Innovation Fund, and B.C.'s Low Carbon Fuels Initiative.
  • These funds are intended to provide non-dilutive capital to reduce capital requirements and enhance project economics.
• Market Context: The company noted the Canadian government's Sept. 5, 2025, announcement of a $370-million biofuels production incentive program. While Project Nexus is not expected to directly benefit from this specific program, the company views it as indicative of a supportive federal commitment to clean energy.
• Trading Update: Common shares have commenced trading on the OTCQB Venture Market under the symbol CWSFF. Shares continue to trade on the TSX Venture Exchange under the symbol CMC.

Notable Quotes

• "Project Nexus marks the beginning of a new chapter for Cielo... This flagship facility is being designed not simply as a stand-alone commercial project to convert waste into renewable natural gas and hydrogen but also to lay the groundwork for what we call the Nexus platform -- a scalable model in development that can be replicated across Canada and into global markets." — Ryan Jackson, CEO
• "Federal measures like the new biofuels production incentive indicate to us that Canada is committed to building a strong, competitive clean fuels industry... the flexibility of the Nexus platform is expected to allow the company to adapt as incentives and market conditions evolve." — Ryan Jackson, CEO