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CVW Sustainable Royalties Announces Second Quarter 2025 Results
Calgary, Alberta--(Newsfile Corp. - August 13, 2025) - CVW Sustainable Royalties Inc. (TSXV: CVW...
About this update from Cvw Sustainable Royalties Inc.
[{"type":"text","content":"CVW Sustainable Royalties Announces Second Quarter 2025 ResultsCalgary, Alberta--(Newsfile Corp. - August 13, 2025) - CVW Sustainable Royalties Inc. (TSXV: CVW) (OTCQX: CVWFF) (FSE: TMD0) (the \"Company\" or \"CVW Royalties\") today announced its operating and financial results for the three and six months ended June 30, 2025. For complete details, please refer to the Q2 2025 Condensed Interim Financial Statements and associated Management's Discussion and Analysis, available on SEDAR+: www.sedarplus.ca or on the Company's website at: www.CVWSustainableRoyalties.com.HighlightsCash on hand as at June 30, 2025 was $3.8 million. The Company remains focused on deploying capital thoughtfully, prioritizing initiatives that support its royalty strategy and drive the development of its Creating Value From Waste™ (\"CVW™\") technology.Total revenue from the Company's royalty debenture with Northstar Clean Technologies Inc. (\"Northstar\") was $367,000 for the three month period ended June 30, 2025, and $721,000 for the six month period ended June 30, 2025.Net loss for the three month period ended June 30, 2025 was $1.2 million and the net loss per share was $0.01 (basic and diluted) for the same period. This includes non-cash stock-based compensation expense of $722,000 for the three month period ended June 30, 2025.Net loss for the six month period ended June 30, 2025 was $2.1 million and the net loss per share was $0.01 (basic and diluted) for the same period. This includes non-cash stock-based compensation expense of $1.2 million for the six month period ended June 30, 2025.In July 2025, Northstar announced that its Calgary facility successfully produced its first liquid asphalt, marking the completion of commissioning activities for the entire plant. With both the front-end and hydrocarbon processing back-end fully operational, Northstar has demonstrated its ability to process asphalt shingles from intake to final product. Northstar is now focused on increasing throughput to reach its next milestone target of 80 tonnes per day. Northstar also announced that it has received a non-binding letter of intent from Export Development Canada for potential project financing for up to four Northstar facilities in the US. This demonstrates strong financing support for Northstar and its growth plans.In July 2025, the Company u...