From GlobeNewswire: 2025-03-31 21:30:00

Carbon Streaming Corporation reported its financial results for 2024, showing a net loss of $67.4 million. The company also announced the appointment of Mr. Sam Wong to its board of directors. The focus for 2025 will be on maximizing value from the existing portfolio and exploring strategic options. Highlights included reductions in operating expenses and settlements from carbon credit agreements. The Rimba Raya project faced legal challenges, resulting in a reclassification to “Expired” status. Other projects, such as Magdalena Bay and Sustainable Community Streams, also faced challenges impacting their fair value. The Company is focused on optimizing portfolio economics and managing market volatility.



Read more at GlobeNewswire: Carbon Streaming Announces Financial Results for the Year