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Carbon Streaming ( (TSE:NETZ) ) has issued an update.
Carbon Streaming Corporation has encountered significant challenges with its Sheep Creek Stream project due to higher than expected mortality rates and slower growth of seedlings, leading to an anticipated shortfall in delivering forecast mitigation units. This development has prompted Carbon Streaming to explore legal options and reassess the project’s financial impact, which may materially decrease the fair value of the Sheep Creek Stream and preferred shares on its financial statements.
More about Carbon Streaming
Carbon Streaming Corporation is engaged in projects that generate high-quality carbon credits, focusing on environmental, community, and biodiversity impacts alongside carbon reduction or removal. Their strategic approach fosters long-term partnerships with project partners, positioning them as a reliable source for buyers seeking premium carbon credits.
YTD Price Performance: 2.57%
Average Trading Volume: 19,233
Technical Sentiment Consensus Rating: Buy
Learn more about NETZ stock on TipRanks’ Stock Analysis page.
