공시 • Aug 14
BluSky Carbon Inc. announced that it expects to receive $3.5 million in funding BluSky Carbon Inc. announced that it will receive a $3,500,000 in a round of funding on August 13, 2025. The Loan is set to mature 12 months from the date on which the Lender provides full funding and it will accrue interest at 12% per annum, compounded and calculated at the end of each
calendar month. New Risk • May 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$5.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$5.9m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Revenue is less than US$1m (US$448k revenue). Market cap is less than US$10m (CA$8.89m market cap, or US$6.43m). 공시 • Feb 25
BluSky Carbon Inc. announced that it has received CAD 0.222 million in funding On February 24, 2025 BluSky Carbon Inc. closed the transaction and issued 1,110,000 Units at issue price of CAD 0.20 per unit for gross proceeds of CAD 222,000. The Units and underlying securities are subject to a hold period of four months and one day pursuant to applicable securities laws. 공시 • Feb 11
BluSky Carbon Inc. announced that it expects to receive CAD 0.3 million in funding BluSky Carbon Inc. announced a non-brokered private placement that it will issue up to 1,500,000 units of the company at a price of CAD 0.20 per unit for the gross proceeds of up to CAD 300,000 on February 11, 2025. Each Unit will be comprised of one common share of the Company and one Common Share purchase warrant, with each Warrant exercisable for one Common Share at a price of CAD 0.30 for a period of 24 months. The Units and underlying securities will be subject to a hold period of four months and one day pursuant to applicable securities laws. The Unit Offering is expected to close on or about February 18, 2025. New Risk • Jan 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$14.1m (US$9.77m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m (US$448k revenue). Market cap is less than US$10m (CA$14.1m market cap, or US$9.77m). New Risk • Dec 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$22.1m market cap, or US$15.5m). 공시 • Oct 29
BluSky Carbon Inc. Commences Biochar Production in Arkansas BluSky Carbon Inc. announced that it has commenced production of biochar at a dedicated facility in Arkansas. The event marks the official startup of initial biochar production aimed at servicing the recently announced $105 million, ten-year supply agreement. A video showing the equipment start-up and providing some insights into the facility, the region, and BluSky's strategic plan is available on the corporate website: click here. The startup of the Vulcan Heavy system at this location represents the first of three units required to service the totality of the Supply Agreement. Once the other two units are procured and fully operational, these machines are expected to produce a combined output of approximately 40,000 tons of biochar annually. It is also expected that production byproducts such as bio-oil and syngas may help reduce the Company's overall production costs by providing some of the energy required to power the Vulcan systems, potentially along with surplus power capacity to contribute towards operating BluSky's related carbon removal technologies (CDR) including its Medusa Carbon mineralization process and Kronos Direct Air Carbon Capture technology. The Warren AR1 operation showcases ability to rapidly deploy large-scale CDR facilities. Additionally, the company intend to grow the project by showcasing the potential opportunities which the company believe will attract local, regional and even global interest. Beyond the immediate goals, the company intend to use AR1 as a research facility to test novel technologies the company hope to unveil in the months ahead. Its extremely gratifying to build a project that moves company business forward while helping address a global issue. 공시 • Oct 16
BluSky Carbon Inc. announced that it expects to receive CAD 3 million in funding BluSky Carbon Inc announced a private placement of 6,000,000 special warrants of the Company at a price of CAD 0.50 per Special Warrant, for gross proceeds of up to CAD 3,000,000 on October 15, 2024. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals. Closing of the Offering is expected to be on or about the week of November 18, 2024 Board Change • Sep 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Director Alex McAulay is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 