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CVW CLEANTECH ANNOUNCES Q1 2023 RESULTS AND PARTICIPATION IN INAUGARAL CANADIAN CLIMATE INVESTOR CONFERENCE
CVW CLEANTECH ANNOUNCES Q1 2023 RESULTS AND PARTICIPATION IN INAUGARAL CANADIAN CLIMATE INVESTOR ...
About this update from Cvw Sustainable Royalties Inc.
[{"type":"text","content":"\n \n \n \n CVW CLEANTECH ANNOUNCES Q1 2023 RESULTS AND PARTICIPATION IN INAUGARAL CANADIAN CLIMATE INVESTOR CONFERENCE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nTEXT-ALIGN: JUSTIFY; MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n May 30, 2023\n \n \n \n /CNW/ -\n \n \n \n CVW CleanTech Inc. (the \"Company\" or \"CVW CleanTech\")\n \n \n \n (\n \n \n TSXV\n \n \n :\n \n \n CVW\n \n \n )\n \n \n is pleased to announce its operating and financial results for the three month period ended March 31, 2023. For complete details,  please refer to the Condensed Interim Financial Statements and associated Management Discussion and Analysis for the first quarter of 2023, available on SEDAR: (\n \n \n \n www.sedar.com\n \n \n \n ) or on the Company's website:\n \n \n \n www.CVWCleanTech.com\n \n \n \n .\n \n \n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n Cash on hand as at\n \n March 31, 2023\n \n was\n \n $6.9 million\n \n . The Company's capital position and liquidity has remained consistent with Q4 2022.\n \n \n \n \n A net increase in cash and cash equivalents was achieved primarily by maintaining financial prudence with operating expenses and cash generated through the exercise of stock options.\n \n \n \n \n Net loss for the period was\n \n $1,047,000\n \n and the net loss per share was\n \n $0.01\n \n (basic and diluted).\n \n \n Non-cash charges recognized for stock-based compensation expense totaled\n \n $553,000\n \n in Q1 2023.\n \n \n \n \n \n A key priority for the business and a continuing focus is to ensure that commercial scale deployment of CVW\n \n TM\n \n technologies in the oil sands min...