CVW CleanTech Announces Results of Key AGM Voting Items
July 02, 2025 8:18 AM EDT | Source: CVW CleanTech Inc.
Calgary, Alberta--(Newsfile Corp. - July 2, 2025) - CVW CleanTech Inc. (TSXV: CVW) (OTCQX: CVWFF) (FSE: TMD0) (the "Company" or "CVW CleanTech") is pleased to announce that shareholders of the Company (the "Shareholders") voted in favour of all items of business brought before them at the Company's annual general and special meeting (the "Meeting"), including the Industry Classification Change, Name Change, and the Equity Incentive Plan (as those terms are defined below). These resolutions are further discussed in the Management Information Circular dated May 14, 2025 (the "Circular"), and the Company's press release dated May 27, 2025.
Industry Classification Change
CVW CleanTech received Shareholder approval for its previously announced intention to update its listing status from a "technology issuer" to an "investment issuer" (the "Industry Classification Change") pursuant to the policies of the TSX Venture Exchange (the "Exchange"). The Company can confirm that it has received final approval from the Exchange on the Industry Classification Change.
The Industry Classification Change will provide the Company with additional flexibility in structuring investments and streamline regulatory approvals for future transactions. The Industry Classification Change is not being conducted in connection with a transaction or financing, and instead is intended to support the Company's royalty diversification strategy moving forward.
Name Change
At the Meeting, Shareholders also approved a resolution authorizing the Company to amend its articles to change its legal name to "CVW Sustainable Royalties Inc." (the "Name Change"). The Company's board of directors has approved the Name Change, and it is expected that the Name Change will be effective in short-order. The Company's ticker symbol on the Exchange will remain unchanged.
Equity Incentive Plan
The Shareholders approved the adoption of the Company's proposed 10% rolling equity incentive plan (the "EIP"). A summary of the material provisions and the full text of the EIP may be found in the Circular, available on the Company's profile on www.sedarplus.ca.
Further disclosure on the matters approved at the Meeting can be found in the Management Information Circular dated May 14, 2025, available on the Company's SEDAR+ at www.sedarplus.ca.
Completion of the Name Change is subject to final Exchange approval. The Exchange has in no way passed upon the merits of the Industry Classification Change or the Name Change and has neither approved nor disapproved the contents of this news release.
About CVW CleanTech Inc.
CVW CleanTech is a sustainable royalty platform that invests in innovative technologies which provide returns linked to commodities and which operate in a sustainable manner to help accelerate the world's transition to net zero. CVW CleanTech is building a portfolio of royalty-based cash flow streams by partnering with clean technology innovators in the commodity space. CVW CleanTech is also the 100% owner of its proprietary technology, Creating Value from Waste™, which is designed to recover bitumen, solvents, critical minerals, and water from oil sands froth treatment tailings, which would reduce tailings pond fugitive methane emissions, volatile organic compounds (VOCs), and enhance tailings management for Alberta's oil sands.
Additional information on CVW™ can be found within the Company's Process and Technology Overview which is accessible using the link below:
https://cvwtechnology.com/technology/process-and-technology-overview/
CVW CleanTech trades on the TSX Venture Exchange under the symbol "CVW", on the OTCQX under "CVWFF", and on the Frankfurt Stock Exchange under the symbol "TMD0".
Disclosure regarding forward-looking information
This news release contains forward-looking statements and information within the meaning of applicable Canadian securities laws (collectively, "forward-looking information") that reflect the current expectations of management about the future results, performance, achievements, prospects, or opportunities for CVW CleanTech.
Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. The forward-looking statements may include statements regarding the ability of the Company to make strategic investments and identify opportunities, that the Company will effectively identify and undertake future corporate transactions, the receipt of shareholder and Exchange approval to proceed with the Classification Change, the anticipated benefits of the adoption and commercialization of CVW™ technology, the chemical, material, financial, economic, operational, environmental and any other anticipated results of the adoption thereof, potential diversification strategies and the implementation and results thereof, expectations regarding future development, funding (including necessity, sources, and expected structure of the same) and contracted work, expectations as to the timeline on which any goals of the Company will be met, expectations regarding the key economic and policy drivers supporting the adoption of CVW CleanTech's technology, expectations regarding synergies or alignments between the business of the Company and any other organization, CVW CleanTech's research and development and commercialization plans, the advantages of the Company's technology, the Company's ongoing engagement with stakeholders, including business development activities, the development of networks with strategic partners, potential financing opportunities, including grant and financing opportunities from applicable government programs and non-governmental organizations, and entering into funding agreements related thereto, any expected next steps for the Company, timelines, strategic plans, and the scope of any activities that will be undertaken. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company may differ materially from those reflected in forward-looking statements due to a variety of risks, uncertainties and other factors. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include: uncertainties involved in disputes and litigation, fluctuations in interest rates, commodity prices and currency exchange rates; changes in the availability, and cost, of technical labour required for the success of the Company's products and services; price escalation and/or inflationary pressures affecting the cost of equipment and material required to commercialize the same; the uncertainty of estimates of capital and operating costs; the need to obtain additional financing and uncertainty as to the availability and terms of future financing; the impact on the Company of increasing inflation; any change in government policy, programs, and funding opportunities, whether provincial, national, or international which could negatively affect the Company, and any failure of the same to continue to evolve in accordance with Company's expectations; any change in capital or commodity markets, whether generally or particularly in the clean technology sector, which could cause or compel the Company to adjust its goals, reallocate capital, and/or pursue alternative financing options; and other risks and uncertainties disclosed in other information released by the Company from time to time and filed with the appropriate regulatory agencies.
All forward looking statements are based on the Company's beliefs and assumptions which are based on information available at the time these assumptions are made. The Company has made the following assumptions in relation to the forward-looking statements in this press release: the expected environmental and economic benefits to be achieved from CVW™ technology; the ability of the Company to successfully access various government funding programs; the details of government funding programs and that such programs will be implemented (and not change) as expected; that the Company will continue to be able to protect its intellectual property; assumptions as to various market and commercial opportunities for the Company and its technology; and the ability of the Company to continue to develop and commercialize its technology; that market conditions will not change adversely so as to prevent the closing of the Classification Change on the terms previously described or at all. The forward-looking statements contained herein are as of the date set out above and are subject to change after this date, and the Company assumes no obligation to publicly update or revise the statements to reflect new events or circumstances, except as may be required pursuant to applicable laws.
Although management believes that the expectations represented by such forward-looking information or statements are reasonable, there is significant risk that the forward-looking information or statements may not be achieved, and the underlying assumptions thereto will not prove to be accurate. Actual results or events could differ materially from the plans, intentions and expectations expressed or implied in any forward-looking information or statements, including the underlying assumptions thereto, as a result of numerous risks, uncertainties and factors including: failure to obtain regulatory approvals; the possibility that opportunities will arise that require more cash than the Company has or can reasonably obtain; dependence on key personnel; dependence on corporate collaborations; potential delays; uncertainties related to early stage of technology and product development; uncertainties as to fluctuation of the stock market; uncertainties as to future expense levels and the possibility of unanticipated costs or expenses or cost overruns; and other risks and uncertainties which may not be described herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257527
© 2025 Newsfile Corp. All rights reserved.
