Royalty- und Streamingfirmen für Carbon Credits

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Best Stocks For ESG Investors: Our Favorite Is Star Royalties

erschienen bei Seeking Alpha, von Laurentian Research

Summary

Star Royalties is the best stock for ESG investors who have a three-year time horizon.

• Star Royalties founded Green Star Royalties to pioneer the origination of carbon credit royalties. Such a business model just received strong endorsement from Agnico.
• In the next 3 years, Star Royalties is projected to post explosive growth in revenue from its green royalty and gold royalty assets. The stock is deeply-undervalued.

Investor takeaways

Star Royalties distinguishes itself with its pioneering initiatives in carbon credit royalty origination. Its business model has received strong endorsement from senior gold producer Agnico, which just became a strategic investor in Green Star Royalties. I believe Star Royalties is the best stock for ESG investors who are in the game for capital appreciation and have a >3-year time horizon.
Star Royalties by itself is a solid investment idea because it checks all critical boxes. It is projected to post explosive growth in revenue in the next three years, from both its green royalty projects and gold royalty assets. As with other royalty stocks, Star Royalties is supposed to be a high-margin, inflation-resistant business, which is ideal for the current investment environment. Importantly, the stock is deeply undervalued relative to its forecast revenue.

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CARBON NEUTRAL ROYALTY ANNOUNCES OVER-SUBSCRIBED CLOSING OF C$28 MILLION FINANCING (newswire.ca)

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Carbon Streaming Provides Investment Pipeline and Corporate Update

Investment Pipeline Update

• Over 5 investment opportunities are in late-stage due diligence and negotiation or have signed term sheets.
• These near-term investment opportunities are expected to provide diversification by geography, project type and counterparty.
• In addition, the longer-term total pipeline of investment opportunities continues to grow and is now in excess of US$1 billion in size.

Listing Update

The Company continues to advance towards a potential listing of its common shares and listed warrants on The Nasdaq Stock Market LLC (the “Nasdaq”). Listing of the Company's common shares and listed warrants on Nasdaq remains subject to the approval of Nasdaq and the satisfaction of all applicable listing and regulatory requirements. Following receipt of all required approvals, the Company will issue a news release announcing its first trading date on Nasdaq.

@Sorgenfrei

Hört sich gut an. Willst Du am PP teilnehmen?

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Precious Metals Royalty & Streaming Companies: April Report

Star Royalties (OTCQX:STRFF) reported its 2021 financial results. The revenues amounted to $691,621 which is a significant improvement when compared to the $9,801 recorded in 2020. The operating cash flow increased to $1.1 million, and the net loss to $2.67 million.

Star Royalties also announced that Green Star Royalties will more than quadruple its investment in the Regenerative Agriculture Carbon Program. The projected acreage will increase from 320,000 to 1.32 million acres, and Green Star Royalties should be receiving around 400,000 carbon credits per year (originally expected 100,000 per year). Star's investment will amount to up to $20.6 million. Around $5 million should be invested this year and the remainder next year. This expanded investment means that Green Star's revenues should exceed $10 million by 2024.
Star Royalties- The Greenest Precious Metal Royalty Company

Zitat von Centurion

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Carbon Streaming Announces First Biochar Carbon Stream With Restoration Bioproducts

Investment Highlights:

• This is the Company’s first carbon stream on a biochar carbon removals project, providing diversification across a new project type.
• This is the Company’s first carbon stream located in the United States, furthering geographic diversification.
• Carbon Streaming will receive and sell 100% of the CORCs generated by the Project, with ongoing payments to Restoration Bioproducts for each CORC sold under the Stream Agreement.
• The Project is expected to remove over 161,000 tonnes of CO2 equivalent emissions (“tCO2e”) over the 25-year project life and generate an equivalent number of CORCs.
• CORCs from other Puro.earth projects are currently selling above US$125/CORC as of April 2022.
• With the signing of the Stream Agreement, Carbon Streaming is making an initial upfront cash investment of US$0.6 million, with additional milestone payments of US$0.75 million to be paid over the term of the Stream Agreement.

Impact Highlights:

• The Project is expected to reduce biomass waste and prevent the associated release of carbon dioxide and methane emissions into the atmosphere equivalent to an estimated 6,500 tCO2e per year.
• It is anticipated that the majority of biochar generated by the Project will be used in agricultural applications to deliver soil enhancement through increased water and nutrient retention and ammonia reduction.
• The production process generates clean energy that reduces reliance on traditional lower efficiency sources and offers cost savings that contribute to increased community employment.
• The Project is expected to be a significant employer in the local community.

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Base Carbon Announces First Quarter 2022 Financial Results

First Quarter Business and Financial Highlights

• Base Carbon entered into a carbon reduction project agreement with a subsidiary of the DelAgua Group to supply cookstoves in the country of Rwanda as part of an expansion of an existing Verra-registered carbon reduction project and made $3.5 million in prepayments for carbon credits as of March 31, 2022.
• Base Carbon Corp. completed the reverse takeover (the “RTO Transaction”) of 1287411 B.C. LTD. in February 2022, and changed the resulting issuer’s name to Base Carbon Inc.
• The Company acquired an additional 30% strategic interest in Hardwick Climate Business Ltd. (“HCBL”) in March 2022 resulting in a total current ownership of 49.9%.
• Base Carbon completed Phase 2 of the Company’s investment in Base Carbon Capital Partners Corp. (“BCCPC”), the jointly owned venture with HCBL and our investment vehicle to develop carbon reduction projects, increasing its total ownership in BCCPC to 89% (78% direct ownership, 11% indirect ownership).
• The Company commenced trading on the NEO Exchange under the symbol “BCBN” on March 3, 2022.
• As of March 31, 2022, the Company had total assets of $60.1 million, mainly comprising of $42.5 million in cash and cash equivalents, $1.1 million in prepaid and other assets, $3.5 million in prepayment for carbon credits, $1.3 million in investment at fair value (AirCarbon Exchange), and $11.6 million in investment in associate (HCBL).
• As of March 31, 2022, the Company had $1.2 million in accounts payable and accrued liabilities, which was its total liabilities.
• During the three-months ended March 31, 2022, the Company incurred a net comprehensive loss of $1.2 million. The Company’s revenue streams are still being developed. Major operating expenses were attributable to consulting and professional fees in connection to the RTO Transaction, public listing, audit and regulatory fees, and share-based compensation.
• A one-time listing expense of $0.7 million was incurred in connection to the RTO Transaction.

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Carbon Streaming Announces US$20M Stream In Clean Cookstoves And Safe Water Solutions Portfolio With Community Carbon

Investment Highlights:

• Carbon credits will be generated from a diversified portfolio of three cookstove and four safe water projects across Uganda, Mozambique, Tanzania, Zambia, and Malawi (individually a “Project” and collectively the “Portfolio”).
• The Portfolio has a goal to reduce approximately 50 million tonnes of CO2 equivalent (“tCO2e”) emissions over the 15-year life of the Projects and is expected to generate an equivalent number of emissions reductions.
• Emissions reductions generated by the Portfolio will be independently verified under The Gold Standard, and for Tanzania, through Verra.
• The Company will make an upfront cash investment of US$6.5 million on closing, with additional payments of up to US$13.5 million as emissions reduction milestones are met (anticipated to begin in 2023) and as cookstove and water purification units are distributed.
• Under the Carbon Stream, Carbon Streaming expects to receive a portion of the credits generated from the Portfolio’s emissions reductions over the 15-year life of the Projects.

Impact Highlights:

• Community Carbon was launched in 2022 by UpEnergy, a social enterprise with headquarters in Kampala, Uganda, focused on making technology that fights climate change and poverty accessible to all while protecting local environments. UpEnergy has successfully operated carbon projects for more than a decade which have resulted in approximately 3 million tonnes of emissions reductions to date.
• Community Carbon’s Portfolio is expected to catalyse additional compounding social and economic benefits, through job creation via local manufacturing, avoided wood and fuel costs, and local tree planting.
• The creation of a Community Carbon Fund, funded jointly by Community Carbon and Carbon Streaming, will contribute a percentage of the Portfolio’s carbon credit sales revenue to support additional programs, commencing with initiatives dedicated to the education and empowerment of women and girls (who are disproportionately impacted by climate change) over the lifetime of the transaction. The Community Carbon Fund is set to support its first projects in Q3 2022.

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VIDA Carbon- Presentation May 2022

Star Royalties- The Greenest Precious Metal Royalty Company

To summarize why I am bullish on Star Royalties I will provide it in bullet form.

• First mover advantage in carbon credit creation
• They have the team to execute
• A tight share structure
• Trading close to management average cost
• ROFO with Bluesource partnership
• Closing Private Placement of Green Star Royalties with Agnico Eagle
• Increasing demand from retail and institutional investors for green investments
• Exploration potential at Elk Gold Royalty
• Rerate from Sabre Gold announcing Copperstone financing solution

Base Carbon and Citigroup Reach Agreement with Developer of Carbon Reduction Project in Vietnam

https://basecarbon.com/investo…uction-Project-in-Vietnam

Highlights

• Entered into project agreement with SIPCO to develop a cookstove and water purifier carbon reduction project in Vietnam;
• Facilitated a Project offtake agreement between Citigroup and SIPCO;
• Anticipated initial investment of approximately US$20.8 million over 24 months;
• Expected Project generation of approximately 26.6 million carbon credits over a 10-year period;
• Project documentation with SIPCO provides for an anticipated Project net present value (“NPV”) of US$78.6 million and internal rate of return (“IRR”) of 66% at US$10.00 (illustrative) carbon credit price; and
• 2.75-year anticipated payback on aggregate capital commitment (from first dollar deployed) irrespective of market-based carbon pricing.

Monthly Carbon Tracker.pdf

Source: ClearBlue Markets, Raymond James Ltd.

Carbon Streaming (NETZ-NEO, Strong Buy, $15.50 Price Target).

We maintain our Strong Buy rating on Carbon Streaming—a function of thecompany’s first mover status in the high growth carbon o-set industry, $1.0 bln pipeline of investment opportunities, our expectation of risingcarbon credit prices, and material upcoming catalysts. While the temporary pause of carbon credits in Indonesia is a source of concern, we believethe share price reaction to this issue, exacerbated by challenging market sentiment, is overdone. Carbon Streaming has recently announced twonew streaming investments including a $20 mln investment in a cookstove/water purification project across five countries in Africa, as well as a$1.35 mln investment in a biochar project in the US. Announced last week, the investment in clean cookstoves and water purification in the Africancountries of Malawi, Mozambique, Tanzania, Uganda, and Zambia, has a 15-yearterm over which NETZ anticipates 50 mln credits will be generatedwith the company receiving its typical proportion of project revenues (historically ~10-20%). While the pace of Carbon Streaming’s investmentshas progressed somewhat more slowly than anticipated, we are encouraged by these recent announcements and note NETZ maintains 4+ projectsin advanced development (suggesting additional announcements may be imminent) and another $1.0 bln worth of investments in its longer-termpipeline.

Base Carbon (BCBN-NEO, Strong, Buy, $2.00 Price Target).

Beyond our expectation of long term appreciation of carbon credits as well as robustindustry-wide growth, our Strong Buy rating on Base is underpinned by the company’s team of seasoned carbon industry veterans and capitalallocators, a significant $400+ mln pipeline of quality, high-return carbon o-set investments and a business model that leverages Base’s deeprelationships across the carbon credit value chain. While volatile market conditions have disproportionately weighed on earlier stage, smaller capnames, we stress that we have not seen any meaningful change orimpairmentin Base’s ability to source and sell carbon credits consistent with thestrategy outlined at the time of the company’s IPO. As discussed earlier in this note, voluntary carbon o-set pricing in bilateral negotiations hasheld relatively firm when compared to benchmark futures contracts. At the same time, we believe challenging market sentiment has sent sharesof BCBN into no-brainer territory. In fact, we highlight that as of yesterday’s close, BCBN’s market cap of ~C$65 mln is only modestly more than thecompany’s balance of cash and prepaid expenses which currently sits at C$56.5 mln (US$43.8 mln). Viewed another way, this implies an EV of just$8.5 mln which we believe is less than the NAV associated with the US$3.45 mln the company has deployed in its Rwanda cookstove carbon o-setproject to date. Accordingly, we consider current levels to represent exceptional value and rea-irm our Strong Buy rating.

A Cheap Company In A Unique Space

Carbon Streaming is currently trading very cheaply. They're trading at around 1.22x Cash and 0.76x Total Assets.

• When the NPV of their projects is added, the company trades between 0.3x - 0.19x their true value.
• They have multiple projects currently being developed that come into production within 1 year.
• Current Market Conditions do not make this stock a fast money play. I currently have this stock's investment timeline of 3-5 years.