Carbon Streaming Corp (NEO: NETZ) issued guidance for 2022 this morning, while also providing a number of strategic objectives in which it aims to accomplish throughout the calendar year, chief among which is the acquisition of further carbon streams.
Looking to 2022, the company will see the delivery of its first carbon credits from its current investment streams. The company anticipates between 6.4 million and 7.4 million in carbon credit volumes this year, of which between 5.0 million and 5.6 million are attributable to the company. Delivery payment meanwhile is estimated between 75% on the low end and 85% on the high end of the final delivery price for such credits.
In terms of the strategic plan for 2022, the company is focused on acquiring additional stream and royalty investments as a means of growing its current portfolio. The firms current project pipeline consists of $200 million in near term opportunities, with the total pipeline estimated at $700 million. The firm is also focused on advancing its US listing strategy, which is targeted to be completed in the first half of the year.
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“If last year was about laying the foundations for success – raising significant capital, listing on the NEO Exchange, announcing our first three flagship carbon streaming investments and expanding our investment and management team – 2022 is the year in which we accelerate the growth of our business,” commented CEO Justin Cochrane.
Carbon Streaming last traded at $13.85 on the Neo.
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