CVW CleanTech Files Information Circular, Plans Name Change and Update to TSXV Listing Status
CVW CleanTech Files Information Circular,
Plans Name Change and Update to TSXV
Listing Status
Calgary, Alberta--(Newsfile Corp. - May 27, 2025) -
CVW CleanTech Inc. (TSXV: CVW) (OTCQX:
CVWFF) (FSE: TMD0) (the "Company" or "CVW CleanTech")
is pleased to announce that it will be
seeking shareholder approval to change its name to "CVW Sustainable Royalties Inc." and change its
listing status from a "technology issuer" to an "investment issuer" (the "Classification Change") pursuant
to the policies of the TSX Venture Exchange (the "Exchange").
The Classification Change will provide the Company with additional flexibility to diversify its clean
technology portfolio by investing in other clean technologies within the Company's target industry sectors
using royalty and similar structures. The Company remains steadfast in its commitment to
commercializing the Creating Value from Waste™ ("CVW™") technology.
At the Meeting, shareholders will also be asked to consider and if thought advisable, approve a
resolution authorizing the Company to amend its articles to change the name of the Company from
"CVW CleanTech Inc." to "CVW Sustainable Royalties Inc.", or such other name that the board of
directors of the Company determines appropriate and as may be acceptable to applicable regulatory
authorities.
"We are excited about this strategic evolution that positions the Company to invest in technologies within
the hydrocarbon, metals and materials, and agriculture sectors, while maintaining our commitment to
commercializing our CVW™ technology," said Akshay Dubey, CEO of CVW CleanTech. "The
classification and name change create significant opportunities to deliver strong risk-adjusted
shareholder value by accelerating cash flows. We are strong believers that the deployment of innovative
technologies in the commodity sector will drive forward both the world's economic and environmental
sustainability. Our royalty financing structure is poised to create a leading platform in this space with a
strategy that will allow shareholders to benefit from diversification and scale."
The Company has called a meeting of shareholders to be held on June 27, 2025 at 10:00AM Mountain
Time (the "Meeting") to approve, among other items of business, the Classification Change pursuant to
Exchange Policy 5.2 -
Changes of Business and Reverse Takeovers
. For more information, please
refer to the information circular dated May 14, 2025 (the "Circular").
The Classification Change is not being conducted in connection with a transaction or financing, and
instead is intended to reflect the Company's strategy moving forward. The Classification Change reflects
the Company's intention to expand its investment portfolio focused on royalties, which commenced with
its maiden investment in Northstar Clean Technologies Inc. (see the prior press release dated August 7,
2024). Further to this objective, the board of directors has approved an investment policy (the
"Investment Policy"), a copy of which can be found in the Circular.
Shareholders of the Company are encouraged to review the in-depth discussion of the Company's
business plan and Investment Policy contained in the Circular. Readers should note that completion of
the Classification Change is subject to Exchange and shareholder approval. The Classification Change
cannot proceed until the required shareholder approval is obtained, and there is no assurance that it will
be completed.
About CVW CleanTech Inc.
CVW CleanTech
invests in innovative technologies which provide returns linked to commodities and
which operate in a sustainable manner to help accelerate the world's transition to net zero. CVW
CleanTech is building a portfolio of royalty-based cash flow streams by partnering with clean technology
innovators in the commodity space. CVW CleanTech is also the 100% owner of its proprietary
technology, Creating Value from Waste™, which is designed to recover bitumen, solvents, critical
minerals, and water from oil sands froth treatment tailings, which would reduce tailings pond fugitive
methane emissions, volatile organic compounds (VOCs), and enhance tailings management for
Alberta's oil sands.
Additional information on CVW™ can be found within the Company's Process and Technology Overview
which is accessible using the link below:
https://cvwtechnology.com/technology/process-and-technology-overview/
CVW CleanTech trades on the TSX Venture Exchange under the symbol "CVW", on the OTCQX under
"CVWFF", and on the Frankfurt Stock Exchange under the symbol "TMD0".
Disclosure regarding forward-looking information
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.
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 ability of the Company to make
strategic investments and identify opportunities, that the Company will effectively identify and
undertake future corporate transactions, the receipt of shareholder and Exchange approval to proceed
with the Classification Change, 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, 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, and the scope of any activities that will be
undertaken. 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; any change in capital or commodity markets, whether
generally or particularly in the clean technology sector, which could cause or compel the Company to
adjust its goals, reallocate capital, and/or pursue alternative financing options; and other risks and
uncertainties disclosed in other information released by the Company from time to time and filed with
the appropriate regulatory agencies.
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; that market conditions will not change
adversely so as to prevent the closing of the Classification Change on the terms previously described
or at all. 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.
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.
For further information, please contact:
Akshay Dubey
Joshua Grant
CEO
403.460.8135
CFO
403.460.8135
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/253559