CVW CleanTech Announces Full Year 2023 Results
CVW CleanTech Announces Full Year 2023 Results
Calgary, Alberta--(Newsfile Corp. - April 18, 2024) - CVW CleanTech Inc. (TSXV: CVW) (OTCQX: CVWFF) (the "Company" or "CVW CleanTech") today announced its operating and financial results for the year ended December 31, 2023. For complete details, please refer to the fiscal year 2023 Annual Audited Financial Statements and associated Management Discussion and Analysis, available on SEDAR+: or on the Company's website: .
艾伯塔省卡尔加里--(Newsfile Corp.-2024 年 4 月 18 日)- CVW CleanTech Inc.(多伦多证券交易所股票代码:CVW)(场外交易代码:CVWFF)(“公司” 或 “CVW CleanTech”) 今天公布了截至2023年12月31日的年度的经营和财务业绩。有关完整详情,请参阅2023财年年度经审计的财务报表和相关的管理层讨论与分析,可在SEDAR+上查阅:或公司网站:。
Highlights
亮点
- Cash on hand as at December 31, 2023 was $6.0 million. Throughout 2023, the Company demonstrated prudent cash management, focusing resources on key deliverables to advance the commercial opportunities for its proprietary Creating Value From Waste ("CVW") technology.
- Net loss for the year ended December 31, 2023 was $3.7 million and the net loss per share was $0.03 (basic and diluted) for the same period.
- Non-cash charges recognized for stock-based compensation expense totaled $1.6 million for the year ended December 31, 2023.
- 截至2023年12月31日,手头现金为600万美元。在整个 2023 年,公司表现出谨慎的现金管理,将资源集中在关键可交付成果上,以推动其专有的 “从废物中创造价值”(“CVW”)技术的商业机会。
- 截至2023年12月31日止年度的净亏损为370万美元,同期每股净亏损为0.03美元(基本亏损和摊薄后)。
- 截至2023年12月31日的财年,股票薪酬支出的确认非现金费用总额为160万美元。
The Company continues to engage with all oil sands mining operators to highlight our technology's alignment with their business and ESG objectives. A key priority and a continuing focus for the business is to ensure that commercial scale deployment of the CVW technology in the oil sands mining sector moves ahead to deliver value to CVW CleanTech's shareholders.
该公司继续与所有油砂开采运营商合作,以强调我们的技术与其业务和ESG目标的一致性。该业务的关键优先事项和持续重点是确保CVW技术在油砂采矿业的商业规模部署向前推进,为CVW CleanTech的股东创造价值。
CVW CleanTech's CEO, Akshay Dubey, said: "We continue to action on our stakeholder engagement strategy to proactively build support behind the development of our first CVW project. During the quarter we completed our initial dialogue with several financial institutions which culminated in the receipt of five non-binding expressions of interest for project financing. This result provides the Company with a high degree of certainty around financing a potential CVW implementation. We have strengthened relationships with the business teams of the Indigenous communities in the Athabasca region and are excited about the benefits which could be achieved through partnering."
CVW CleanTech首席执行官阿克沙伊·杜贝表示:“我们将继续就利益相关者参与战略采取行动,积极为我们的第一个CVW项目的开发争取支持。在本季度,我们完成了与几家金融机构的初步对话,最终收到了五份不具约束力的项目融资意向书。这一结果为公司为潜在的CVW实施提供资金提供了高度的确定性。我们加强了与阿萨巴斯卡地区土著社区业务团队的关系,并对合作可能带来的好处感到兴奋。”
Mr. Dubey continued, "During the quarter, we completed the initial phases of our engagement with large multinational insurance providers to secure a non-binding indication of insurance for technology performance insurance. We also completed initial discussions with Tier 1 Engineering, Procurement, and Construction ("EPC") companies to confirm their capabilities and interest in supporting the Company and potential operating partners. We believe these comprehensive efforts will create positive momentum behind commercialization of the Company's CVW technology."
杜贝先生继续说:“在本季度,我们完成了与大型跨国保险提供商合作的初始阶段,以确保为科技绩效保险提供不具约束力的保险指示。我们还完成了与一级工程、采购和施工(“EPC”)公司的初步讨论,以确认他们支持公司和潜在运营合作伙伴的能力和兴趣。我们相信,这些全面的努力将为公司CVW技术的商业化创造积极动力。”
CVW CleanTech is also actively reviewing opportunities to diversify our technology portfolio by identifying additional value-add transactions which would enhance shareholder returns. These efforts include examining how the Company's resources could be applied more broadly within the clean technology industry to create a diversified platform. Diversifying in this manner, while retaining a focus on clean technology and the role it plays within decarbonization and the circular economy, has the potential to accelerate the growth of the business across multiple sectors and geographies while transforming the Company into a leader in the clean technology space.
CVW CleanTech也在积极审查机会,通过确定可提高股东回报的额外增值交易,实现技术组合的多元化。这些努力包括研究如何将公司的资源更广泛地应用于清洁技术行业,以创建多元化平台。以这种方式实现多元化,同时保持对清洁技术及其在脱碳和循环经济中的作用的关注,有可能加速多个行业和地区的业务增长,同时将公司转变为清洁技术领域的领导者。
About CVW CleanTech Inc.
关于 CVW CleanTech Inc.
CVW CleanTech Inc. is a clean technology innovator working to develop sustainable technology solutions. The Company has developed a suite of proprietary technology called Creating Value from Waste that recover bitumen, solvents, critical minerals, and water from oil sands froth treatment tailings while significantly reducing tailings pond emissions and enhancing tailings management.
CVW CleanTech Inc. 是一家清洁技术创新者,致力于开发可持续的技术解决方案。该公司开发了一套名为 “从废物中创造价值” 的专有技术,该技术可以从油砂泡沫处理尾矿中回收沥青、溶剂、关键矿物和水,同时显著减少尾矿池排放,加强尾矿管理。
On an annual basis, an industry wide implementation of CVW's EcoMax development option could be expected to:
按年计算,预计在全行业范围内实施CVW的EcoMax开发方案将:
- Recover 13.2 million barrels of hydrocarbons (11.4 million barrels of bitumen and 1.8 million barrels of solvent);
- Produce 1.5 million tonnes per year of critical minerals in titanium and zircon concentrates;
- Abate between 2.3 - 5.1 million of CO2 equivalents, primarily methane;
- Eliminate up to 30,000 tonnes of volatile organic compounds (VOCs - considered toxic substances by Environment and Climate Change Canada);
- Potentially eliminate tailings pond growth due to froth treatment operations, and
- Generate annual revenues of $2.7 billion within the province of Alberta.
- 回收1,320万桶碳氢化合物(1140万桶沥青和180万桶溶剂);
- 在钛和锆石精矿中每年生产150万吨的关键矿物;
- 减少230万至510万二氧化碳2 等价物,主要是甲烷;
- 消除多达30,000吨的挥发性有机化合物(挥发性有机化合物——加拿大环境与气候变化部视为有毒物质);
- 有可能消除泡沫处理操作导致的尾矿池生长,以及
- 在艾伯塔省内创造27亿加元的年收入。
Diverting the froth treatment tailings stream to a CVW EcoMax operation could recover up to 90% of bitumen and solvent that are currently lost into tailings ponds, avoid the associated fugitive methane emissions, as well as capture valuable zircon and titanium mineral concentrates. This patented and ready-to-deploy process would produce "Ready-to-Reclaim" tailings to meet the Alberta Energy Regulator's Directive 85 standards which would provide a step change in tailings management and allow for progressive remediation.
将泡沫处理尾矿流转移到CVW EcoMax工厂,可以回收目前流失在尾矿池中的多达90%的沥青和溶剂,避免相关的逃逸性甲烷排放,并捕获宝贵的锆石和钛矿物浓缩物。这种获得专利且随时可以部署的工艺将生产 “随时可回收” 的尾矿,以满足艾伯塔省能源监管机构的第85号指令标准,这将为尾矿管理带来重大变革,并允许进行渐进式补救。
Over $100 million has been invested in the CVW technology over 18 years to advance it to ready-to-deploy status. This technology has been supported by large scale integrated piloting and progressive commercial engineering studies resulting in 20 active patents. The development of the Company's technology has been supported by the Government of Alberta and the Federal Government along with oil sands industry partners. Additional information on CVW CleanTech and its proprietary technology can be found within the Company's Process and Technology Overview which is accessible using the link below:
在过去的18年中,已在CVW技术上投资了超过1亿美元,以将其提高到可以部署的状态。该技术得到了大规模综合试点和渐进式商业工程研究的支持,这些研究产生了20项有效专利。该公司的技术开发得到了艾伯塔省政府和联邦政府以及油砂行业合作伙伴的支持。有关CVW CleanTech及其专有技术的更多信息,可在公司的工艺和技术概述中找到,该概述可通过以下链接访问:
CVW CleanTech trades on the TSX Venture Exchange under the symbol "CVW" and is available on the OTCQX under the symbol "CVWFF".
CVW CleanTech在多伦多证券交易所风险交易所上市,股票代码为 “CVW”,并在OTCQX上市,股票代码为 “CVWFF”。
Disclosure regarding forward-looking information
有关前瞻性信息的披露
This news release contains forward-looking statements and information within the meaning of applicable Canadian securities laws (collectively, "forward-looking information") that reflect the current expectations of management about the future results, performance, achievements, prospects, or opportunities for CVW CleanTech.
本新闻稿包含适用的加拿大证券法所指的前瞻性陈述和信息(统称为 “前瞻性信息”),这些陈述和信息反映了管理层当前对CVW CleanTech未来业绩、业绩、成就、前景或机会的预期。
Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. The forward-looking statements may include statements regarding the anticipated benefits of the adoption and commercialization of CVW technology, the chemical, material, financial, economic, operational, environmental and any other anticipated results of the adoption thereof, potential diversification strategies and the implementation and results thereof, expectations regarding future development, funding (including necessity, sources, and expected structure of the same) and contracted work, expectation as to the timeline on which any goals of the Company will be met, expectations regarding the key economic and policy drivers supporting the adoption of CVW CleanTech's technology, expectations regarding synergies or alignments between the business of the Company and any other organization, CVW CleanTech's research and development and commercialization plans, the advantages of the Company's technology, the Company's ongoing engagement with stakeholders, including business development activities, the development of networks with strategic partners, and the development of Company's relationships with Indigenous communities and any potential benefits for the same, potential financing opportunities, including grant and financing opportunities from applicable government programs and non-governmental organizations, and entering into funding agreements related thereto, any expected next steps for the Company, timelines, strategic plans, the scope of any activities that will be undertaken, the Company's future liquidity situation and the market prices of commodities or other statements that are not statement of fact. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company may differ materially from those reflected in forward-looking statements due to a variety of risks, uncertainties and other factors. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include: uncertainties involved in disputes and litigation, fluctuations in interest rates, commodity prices and currency exchange rates; changes in the availability, and cost, of technical labour required for the success of the Company's products and services; price escalation and/or inflationary pressures affecting the cost of equipment and material required to commercialize the same; the uncertainty of estimates of capital and operating costs; the need to obtain additional financing and uncertainty as to the availability and terms of future financing; the impact on the Company of increasing inflation; any change in government policy, programs, and funding opportunities, whether provincial, national, or international which could negatively affect the Company, and any failure of the same to continue to evolve in accordance with Company's expectations; and other risks and uncertainties disclosed in other information released by the Company from time to time and filed with the appropriate regulatory agencies.
前瞻性陈述通常以 “期望”、“预期”、“相信”、“打算”、“估计”、“潜在”、“可能”、“可能” 或类似的表述来识别,或关于事件、条件或结果 “将”、“可能”、“可能” 或 “应该” 发生或实现的陈述。前瞻性陈述可能包括有关CVW技术的采用和商业化的预期收益、采用该技术的化学、材料、财务、经济、运营、环境和任何其他预期结果、潜在的多元化战略及其实施及其结果、对未来发展的预期、资金(包括必要性、来源和预期结构)和合同工作的陈述,对公司实现任何目标的时间表的期望已满足,对支持采用CVW CleanTech技术的关键经济和政策驱动因素的期望,对公司与任何其他组织业务之间的协同效应或一致性的期望,CVW CleanTech的研发和商业化计划,公司技术的优势,公司与利益相关者的持续互动,包括业务发展活动,与战略合作伙伴发展网络以及公司与土著社区关系的发展,以及与之相关的任何潜在收益、潜在的融资机会,包括适用的政府计划和非政府组织提供的补助金和融资机会,以及与之相关的融资协议的签订、公司任何预期的下一步行动、时间表、战略计划、将要开展的任何活动的范围、公司未来的流动性状况以及大宗商品的市场价格或其他非事实陈述的声明。前瞻性陈述是关于未来的陈述,本质上是不确定的,由于各种风险、不确定性和其他因素,公司的实际成就可能与前瞻性陈述中反映的业绩存在重大差异。出于上述原因,投资者不应过分依赖前瞻性陈述。可能导致实际业绩与公司预期存在重大差异的重要因素包括:争议和诉讼涉及的不确定性、利率、大宗商品价格和货币汇率的波动;公司产品和服务取得成功所需的技术劳动力的可用性和成本变化;影响商业化所需设备和材料成本的价格上涨和/或通货膨胀压力;资本和运营成本估算的不确定性;获得更多融资以及未来融资可用性和条款的不确定性;通货膨胀率上升对公司的影响;可能对公司产生负面影响的省级、国家或国际政府政策、计划和融资机会的任何变化,以及这些政策、计划和融资机会的任何变化未能按照公司的预期继续发展;以及公司不时发布并向有关监管机构提交的其他信息中披露的其他风险和不确定性。
All forward looking statements are based on the Company's beliefs and assumptions which are based on information available at the time these assumptions are made. The Company has made the following assumptions in relation to the forward-looking statements in this press release: the expected environmental and economic benefits to be achieved from CVW technology; the ability of the Company to successfully access various government funding programs; the details of government funding programs and that such programs will be implemented (and not change) as expected; that the Company will continue to be able to protect its intellectual property; assumptions as to various market and commercial opportunities for the Company and its technology; and the ability of the Company to continue to develop and commercialize its technology. The forward-looking statements contained herein are as of the date set out above and are subject to change after this date, and the Company assumes no obligation to publicly update or revise the statements to reflect new events or circumstances, except as may be required pursuant to applicable laws.
所有前瞻性陈述均基于公司的信念和假设,这些信念和假设基于做出这些假设时可用的信息。公司就本新闻稿中的前瞻性陈述做出了以下假设:CVW技术将实现的预期环境和经济效益;公司成功获得各种政府资助计划的能力;政府资助计划的详细信息以及此类计划将按预期实施(而不是改变);公司将继续能够保护其知识产权;对公司及其各种市场和商业机会的假设技术;以及公司继续开发和商业化其技术的能力。此处包含的前瞻性陈述截至上述日期,在此日期之后可能会发生变化,除非适用法律另有要求,否则公司没有义务公开更新或修改陈述以反映新的事件或情况。
Although management believes that the expectations represented by such forward-looking information or statements are reasonable, there is significant risk that the forward-looking information or statements may not be achieved, and the underlying assumptions thereto will not prove to be accurate. Actual results or events could differ materially from the plans, intentions and expectations expressed or implied in any forward-looking information or statements, including the underlying assumptions thereto, as a result of numerous risks, uncertainties and factors including: failure to obtain regulatory approvals; the possibility that opportunities will arise that require more cash than the Company has or can reasonably obtain; dependence on key personnel; dependence on corporate collaborations; potential delays; uncertainties related to early stage of technology and product development; uncertainties as to fluctuation of the stock market; uncertainties as to future expense levels and the possibility of unanticipated costs or expenses or cost overruns; and other risks and uncertainties which may not be described herein.
尽管管理层认为此类前瞻性信息或陈述所代表的预期是合理的,但存在无法实现前瞻性信息或陈述的巨大风险,其基本假设也不会被证明是准确的。由于许多风险、不确定性和因素,实际业绩或事件可能与任何前瞻性信息或陈述(包括其基本假设)中表达或暗示的计划、意图和预期存在重大差异,这些风险和不确定性包括:未能获得监管部门的批准;可能出现需要超过公司拥有或可以合理获得的现金的机会;对关键人员的依赖;对公司合作的依赖;潜在的延迟;与早期阶段相关的不确定性技术和产品开发;股市波动的不确定性;未来支出水平的不确定性以及意外成本或支出或成本超支的可能性;以及此处可能未描述的其他风险和不确定性。
For further information, please contact:
欲了解更多信息,请联系:
Akshay Dubey
CEO
403.460.8135
Akshay.Dubey@CVWCleanTech.com
Joshua Grant
CFO
403.460.8135
Joshua.Grant@CVWCleanTech.com
Akshay Dubey
首席执行官
403.460.8135
Akshay.Dubey@CVWCleanTech.com
约书亚格兰特
首席财务官
403.460.8135
Joshua.Grant@CVWCleanTech.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。