Base Carbon Announces Q1 Milestones and Financials

Base Carbon, Inc. (TSE:BCBN) has released an update.

Base Carbon Inc. has announced their first-quarter 2024 results, highlighting a major milestone with their Rwanda cookstoves project entering the carbon credit generation phase and a subsequent $12.5 million payment from a Vietnam project. The company reported an unrealized gain of $19.8 million from the Rwanda project, despite an overall net loss of $19.8 million for the quarter due to losses on other investments.

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