CVW Sustainable Royalties loses $1.2-million in Q2 2025

Executive Summary

• CVW Sustainable Royalties Inc. reported its operating and financial results for the three and six months ended June 30, 2025.
• The company generated $367,000 in revenue from its royalty debenture with Northstar Clean Technologies Inc. for the quarter, with a net loss of $1.2 million.
• Significant operational updates include Northstar’s successful production of its first liquid asphalt and the receipt of a non-binding letter of intent for potential project financing from Export Development Canada.
• CVW updated its listing status to "investment issuer" on the TSX Venture Exchange and changed its name to CVW Sustainable Royalties to support its royalty strategy.

Key Details

• Financial Performance (Q2 2025):
  • Total revenue from royalty debenture with Northstar Clean Technologies Inc.: $367,000.
  • Net loss: $1.2 million.
  • Net loss per share: $0.01 (basic and diluted).
  • Non-cash stock-based compensation expense: $722,000.
• Financial Performance (Six Months Ended June 30, 2025):
  • Total revenue from royalty debenture with Northstar Clean Technologies Inc.: $721,000.
  • Net loss: $2.1 million.
  • Net loss per share: $0.01 (basic and diluted).
  • Non-cash stock-based compensation expense: $1.2 million.
• Cash Position:
  • Cash on hand as at June 30, 2025: $3.8 million.
• Northstar Clean Technologies Inc. Updates:
  • Successfully produced first liquid asphalt at its Calgary facility in July 2025, completing commissioning activities.
  • Both front-end and hydrocarbon processing back-end are fully operational.
  • Current focus is on increasing throughput to reach a milestone target of 80 tonnes per day.
  • Received a non-binding letter of intent from Export Development Canada for potential project financing for up to four Northstar facilities in the United States.
• Corporate Actions:
  • Updated listing status to "investment issuer" pursuant to TSX Venture Exchange policies in July 2025.
  • Amended articles and commenced trading under the new name "CVW Sustainable Royalties".
  • Ticker symbol remains unchanged.
  • Company aims to capitalize on a pipeline of over $600 million in potential royalty transactions.

Notable Quotes

• No direct quotes from the CEO/President were included in the provided text.