Carbon Streaming Corp Invests $6.0 Million Into First Blue Carbon Project

Carbon Streaming Corp (OTC: MXVDF) yesterday afternoon announced its first carbon credit streaming investment into a blue carbon project. The company has elected to invest into the proposed MarVivo Blue Carbon Conservation Project, located in Baja California Sur, Mexico.

The proposed project is focused on the conservation of the mangrove forests and marine habitat in the region. Deemed a “blue carbon” conservation project due to it focusing on carbon stored in coastal and marine ecosystems, the project is expected to be one of the largest such conservation systems in the world, and is expected to reduce emissions by 26 million tonnes of carbon dioxide equivalent over a 30 year period. The project covers 22,000 hectares of mangroves and 137,000 hectares of marine environment.

The carbon streaming investment is to amount to an aggregate of US$6.0 million, of which $2.0 million will serve as an initial investment, which is then to be followed by four separate $1.0 million payments at certain milestones, all of which is to be funded by cash on hand. In exchange, Carbon Streaming Corp will have the right to purchase 200,000 credits, or 20% of the annual verified carbon credits from the project, whichever is greater.

The arrangement will also see 40% of the net revenue from the sale of the carbon credits provided to MarVivo Corporation as well as ongoing payments. The arrangement is expected to be in place for a period of 30 years from the date of the first delivery of credits, which is currently slated to occur in the first half of 2023.

“We couldn’t be more excited to announce our first carbon credit streaming investment into a blue carbon project that we anticipate will protect one of North America’s largest mangrove forests and its associated marine environment while also supporting the local communities of San Carlos and Lopez Mateos. This carbon credit stream investment perfectly aligns with our investment philosophy of being a true impact investment while also having the potential to generate significant returns for our shareholders.”

Justin Cochrane, President & CEO of Carbon Streaming Corp

Carbon Streaming Corp last traded at US$2.00 on the OTC Markets.


FULL DISCLOSURE: Carbon Streaming Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Carbon Streaming Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

Carbon Streaming: Bringing An Old Model To A New Industry – The Daily Dive feat Justin Cochrane

Starting the week off on the Daily Dive is that of Justin Cochrane, CEO of...

Monday, June 7, 2021, 01:30:00 PM

Carbon Streaming Corp: Exposing Retail investors To Carbon Credits – The Daily Dive

Starting off the week on the Daily Dive, we sit down with Justin Cochrane, CEO...

Monday, August 16, 2021, 01:30:00 PM

Carbon Streaming Reveals First Energy Efficiency Carbon Credit Stream

Carbon Streaming Corp (NEO: NETZ) this morning announced its latest carbon credit streaming arrangement. The...

Tuesday, May 17, 2022, 08:52:24 AM

Carbon Streaming Sets Date For Share Consolidation

Carbon Streaming Corp (NEO: NETZ) this morning provided further details on its proposed share consolidation...

Tuesday, October 19, 2021, 09:37:00 AM

Carbon Streaming Corp Accepted To International Emissions Trading Association

Carbon Streaming Corp (NEO: NETZ) is evidently looking to validate its role within the carbon...

Thursday, August 19, 2021, 10:04:00 AM