CLARIFIYING CIELO’S USE OF RAILWAY TIES – OFFICIAL COMPANY COMMENT

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 326 MCAD at time of publication
Share price: 0.84 CAD at time of publication
Industry: Converting waste to renewable fuel

After the very positive press release today 7/4 2021 in which Cielo announced that they would be granted contribution of 500 000 CAD from Alberta innovates and also reannounced their cooperation with a large railway company in Canada ESG decided to ask IR at the company who’s supplying the rail ties, and also ask for clarification on what the grant is about in terms of the testing of the ties specifically. The answer below was provided by officials at Cielo Waste Solutions:

“We are happy to be receiving 600 tonne of rail ties from our feedstock partner, to conduct these commercial volume tests for AEP.  To be clear, Cielo isn’t conducting these tests to determine if the rail ties are a suitable feedstock, that has been proven out already in smaller quantities.  AEP’s mandate is to ensure that environmental concerns are addressed in the safe disposal of these ties, compared to the current methods of burning or simply land filling them.  Before we start processing hundreds of thousands of ties in Dunmore, we are going to show just how environmentally friendly our process is for a final solution for this decades-long waste problem.  Through this process, we will be producing a high volume of fuel, which is ours to sell, giving even more financial benefit to this Alberta Innovates grant.”

I own shares in these companies personally and this is not to be considered financial advise, always do your own research!

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