Base Carbon Announces Receipt of First Correspondingly Adjusted Article 6 Authorized Carbon Credits - Seite 2

BCCPC and DelAgua have recently executed an amended and restated project agreement to facilitate the implementation of the LOA. Under the terms of the revised agreement, BCCPC and DelAgua have agreed to split the 5% GAF remittance attributable to Article 6 Authorized labeled carbon credits sold based upon each party’s pro rata share of sales proceeds outlined in a revenue sharing arrangement between the parties. The Company’s GAF remittance is currently anticipated to be US$0.20 per credit for the first 1,925,000 Article 6 Authorized labeled carbon credits received by BCCPC.

Under the revised project agreement, Article 6 Authorized labeled carbon credits issued from the Rwanda cookstoves project will be net of the 12% volume reduction outlined in the Government of Rwanda LOA. Based upon on this, and assuming all carbon credits from the Rwanda cookstoves project were issued with an Article 6 Authorized label, a new and revised aggregate minimum of 6.6 million carbon credits would now be subject to the revenue sharing arrangement between BCCPC and DelAgua. The Company is currently evaluating all sales options with respect to the initial 717,558 carbon credits and believes that the potential pricing upside of correspondingly adjusted carbon credits will significantly offset any volume reductions pursuant to the implementation of the LOA.

About Base Carbon

Base Carbon is a financier of projects involved primarily in the global voluntary carbon markets. We endeavor to be the preferred carbon project partner in providing capital and management resources to carbon removal and abatement projects globally and, where appropriate, will utilize technologies within the evolving environmental industries to enhance efficiencies, commercial credibility, and trading transparency. For more information, please visit www.basecarbon.com.

Media and Investor Inquiries

Base Carbon Inc.
Investor Relations
Tel: [phone]
E-mail: [e-mail]

Media Inquiries
E-mail: [e-mail]

Cautionary Statement Regarding Forward Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the focus of Base Carbon’s business, the expected continued semi-annual issuances of carbon credits, the implementation of, and compliance with, Article 6 of the Paris Agreement by the Government of Rwanda, the continued designation of project carbon credits with the Article 6 Authorized label by Verra and the expected market reaction to such carbon credits. In some cases, but not necessarily in all cases, forward-looking information may be identified by the use of forward-looking terminology such as “expects”, “anticipates”, “intends”, “contemplates”, “believes”, “projects”, “plans” or variations of such words and similar expressions or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events. These statements should not be read as guarantees of future performance, results, or achievements.