00:00:03 EDT Mon 13 May 2024
Enter Symbol
or Name
USA
CA



CVW Cleantech Inc
Symbol CVW
Shares Issued 125,591,635
Close 2024-02-13 C$ 0.58
Market Cap C$ 72,843,148
Recent Sedar Documents

CVW Cleantech begins trading on OTCQX Best Market

2024-02-14 12:02 ET - News Release

Mr. Joshua Grant reports

CVW CLEANTECH ANNOUNCES COMMENCEMENT OF TRADING ON THE OTCQX MARKET

CVW Cleantech Inc. has begun trading on the OTCQX Best Market under the symbol CVWFF. The OTCQX Best Market is the highest tier of over-the-counter markets on which 12,000 United States and global securities trade. U.S. investors can find current financial disclosures and real-time Level 2 quotes for the company at the OTC Markets website.

CVW Cleantech's chief financial officer, Joshua Grant, said: "Trading on OTCQX will enhance the visibility and accessibility of the company to U.S.-based investors. We are pleased to have achieved this milestone and look forward to providing value and convenience to U.S. investors, brokers and institutions seeking to invest in the company."

The company is in the process of securing Depository Trust Company (DTC) eligibility for its common shares. DTC manages the electronic clearing and settlement of publicly traded companies across the United States and in 131 other countries. Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades.

The company's common shares will continue to trade on the TSX Venture Exchange under the symbol CVW.

About CVW Cleantech Inc.

CVW Cleantech is a clean-technology innovator working to develop sustainable technology solutions. The company has developed a suite of proprietary technologies, called Creating Value from Waste (CVW), that recover bitumen, solvents, critical minerals and water from oil sands froth treatment tailings while significantly reducing tailings pond emissions and enhancing tailings management.

On an annual basis, an industry-wide implementation of a CVW EcoMax development option could be expected to:

  • Recover 13.2 million barrels of hydrocarbons (11.4 million barrels of bitumen and 1.8 million barrels of solvent);
  • Produce 1.5 million tonnes per year of critical-mineral concentrates in the form of titanium and zircon;
  • Abate up to five million tonnes of carbon dioxide equivalents, primarily methane;
  • Eliminate up to 30,000 tonnes of volatile organic compounds (considered toxic substances by Environment and Climate Change Canada);
  • Potentially eliminate tailings pond growth due to froth treatment operations;
  • Generate annual revenues of $2.7-billion within the province of Alberta.

Diverting the froth treatment tailings stream to a CVW EcoMax operation could recover up to 90 per cent of bitumen and solvent that are currently lost into tailings ponds, avoid the associated fugitive methane emissions, as well as capture valuable zircon and titanium mineral concentrates. This patented and ready-to-deploy process would produce "ready-to-reclaim" tailings to meet the Alberta Energy Regulator's Directive 85 standards, which would provide a step change in tailings management and allow for progressive remediation.

CVW Cleantech has invested over $100-million and over 15 years to advance the CVW technology to ready-to-deploy status. This technology has been supported by large-scale integrated piloting and progressive commercial engineering studies, resulting in 20 active patents. The development of the company's technology has been supported by the government of Alberta and the federal government, along with oil sands industry partners.

We seek Safe Harbor.

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