Original News Release
Carbon Streaming to sell Community Carbon stream
Mr. Marin Katusa reports
CARBON STREAMING SELLS COMMUNITY CARBON STREAM AND CREDITS FOR USD$6,000,000
Carbon Streaming Corp. has entered into a buyout agreement with Community Carbon and UpEnergy Group for all rights to the Community Carbon stream and the full inventory of carbon credits for $6-million (U.S.).
Pursuant to the agreement, the UPE parties will pay Carbon Streaming an aggregate total of $6-million (U.S.) comprising the following payments:
A non-refundable deposit of $100,000 (U.S.) payable on or before March 23, 2026;
A closing payment for the Community Carbon stream of $4.9-million (U.S.) payable on or before May 30, 2026;
$1-million (U.S.) for the purchase of all the carbon credits from the project portfolio in the company's current inventory as of March 12, 2026, payable in four instalments on or before each of July 1, 2026, Oct. 1, 2026, Jan. 1, 2027, and April 1, 2027; the UPE parties can elect to accelerate the purchase of carbon credits.
Marin Katusa, chief executive officer, stated: "This agreement monetizes the current value of the Community Carbon stream and the inventory of carbon credits by selling for a total consideration of $6-million (U.S.). This transaction is in the best interests of our shareholders and the company. The company will continue to focus on maximizing value for shareholders in our existing portfolio and recovering assets through advancing ongoing litigation. The company will continue to evaluate acquisitions, divestments, corporate transactions, financings and other strategic partnership opportunities that will result in maximizing shareholder value."
About Carbon Streaming Corp.
Carbon Streaming's focus is to maximize shareholder value by optimizing the existing portfolio of projects that generate high-quality carbon credits that can maximize shareholder value and have a positive impact on the environment, local communities and biodiversity, in addition to their carbon reduction or removal potential.
We seek Safe Harbor.
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