TORONTO, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (“BCCPC”, together, with affiliates, “Base Carbon”, or the “Company”), is pleased to announce it has acquired additional expansion options for its India Afforestation, Reforestation and Revegetation Project.
Additionally, the Company is pleased to announce it will host an investor town hall on Tuesday, September 30, 2025, at 11:00 a.m. Eastern Time.
Options to Expand the India Afforestation, Reforestation, and Revegetation (ARR) Project
The Company, through BCCPC, has been granted two contractual options to expand the India ARR Project at no additional cost to the Company. In securing the additional options, the Company modified its previously committed payment schedule to further align capital commitments with operational timing within the project. Each option allows BCCPC to expand the project by funding the planting of 10 million additional projects trees (a combined total of 20 million additional trees) and to purchase all associated carbon credits on substantially similar economic terms as the initial project. The expansion options remain exercisable over the full 20-year duration of the current project life. The project expansion options are in addition to, and a further strengthening of, BCCPC’s existing right of first refusal relating to any extension or expansion of the current project initiated by the Company’s project development partner, Value Network Ventures Pte. Ltd. (“VNV”).
“VNV continues to demonstrate high-quality work and reliability as a project partner, and we are excited to be expanding our collaboration through these new opportunities to grow the project. We believe that the ability to expand existing carbon credit generating projects, at the right time, can strategically reduce risk through re-investment into known and proven projects with experienced project partners, while also enhancing the expected project returns for our shareholders,” said Michael Costa, CEO of Base Carbon. “Our current investment in the India ARR Project reflects our ongoing focus on high-quality carbon removals and the associated expansion options reflect our commitment to a multi-faceted approach to growth within our business.”
The Company, through BCCPC, previously entered into an agreement with VNV to facilitate the development of the India ARR Project, a nature-based carbon removal project, focused on the afforestation and reforestation of degraded rural farmlands in the northern Indian state of Uttar Pradesh. Full planting of 6.5 million trees was completed as of year-ended December 31, 2024, and the project has now been submitted to carbon credit registry Verra for validation and can be found under project ID#4892 on Verra’s website. Base Carbon expects the first issuance of carbon credits associated with the India ARR project to occur in the first half of 2026.
As of today, BCCPC has deployed approximately US$6.7 million of US$13.6 million committed to the initial project. Of the remaining capital deployments, approximately US$6.0 million is considered to be maintenance capital of which approximately US$4.0 million is expected to be funded through the initial sales of carbon credits generated by the project.
The India ARR Project has been designed around the needs of local farming communities, with a high-level of community-centric stakeholder engagement, ownership, input and feedback, and is expected to have a significant positive impact locally. As selected through the community engagement process, the project plan involves the planting of over 16 different species of trees primarily on smallholder lands of five hectares or less, including a variety of native and naturalized tree species, such as Citrus and Guava, as well as medicinal and culturally significant trees, such as Mahua trees. Fruits and nuts produced by trees will be available to the participating individuals and communities, providing food security and incremental and diversified income-generating opportunities for families.
Investor Town Hall
The management team will provide a business update and respond to investor questions via Zoom Webinar. Registration instructions are published below. The Company invites current and prospective shareholders to attend this business update call and Q&A session.
DATE: Tuesday, September 30th, 2025
TIME: 11:00 a.m. EDT
LOCATION: Zoom Webinar. To receive the meeting link and passcode, please register here.
QUESTIONS: Please submit questions ahead of time to: investorrelations@basecarbon.com.
About Base Carbon
Base Carbon is a financier of projects involved primarily in the global voluntary carbon markets. We endeavor to be the preferred carbon project partner in providing capital and management resources to carbon removal and abatement projects globally and, where appropriate, will utilize technologies within the evolving environmental industries to enhance efficiencies, commercial credibility, and trading transparency. For more information, please visit www.basecarbon.com.
Media and Investor Inquiries
Base Carbon Inc.
Investor Relations
Tel: +1 647 952 3979
E-mail: investorrelations@basecarbon.com
Media Inquiries
E-mail: media@basecarbon.com
Cautionary Statement Regarding Forward Looking Information
This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the focus of Base Carbon’s business, the timing of project registration, first carbon credit issuance, potential exercise of project expansion options and planting of additional trees. In some cases, but not necessarily in all cases, forward-looking information may be identified by the use of forward-looking terminology such as “expects”, “anticipates”, “intends”, “contemplates”, “believes”, “projects”, “plans” or variations of such words and similar expressions or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events. These statements should not be read as guarantees of future performance, results, or achievements.
Although management believes that the anticipated future results, performance or achievements expressed or implied by the forward-looking information are based upon reasonable assumptions and expectations, readers should not place undue reliance on forward-looking information because it involves assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking information.
In respect of the India afforestation, reforestation, and revegetation project, certain factors that influence the commercial success of the project include, among other things: (i) the Company’s expertise with respect to the evaluation, planning and negotiation of the project, (ii) the conduct of the project counterparties, including cooperation with local small-land owners, (iii) project costs and carbon credit market prices, (iv) ongoing project monitoring and issuance of carbon credits by Verra, (v) changes to laws and regulation in the Republic of India, and (vi) extreme weather event and natural disasters.
In respect of the India afforestation, reforestation, and revegetation project, certain assumptions that influence the commercial success of the project include, among other things: (i) the development of the project remains in line with anticipated timelines and costs, (ii) project counterparties, including project partner Value Network Ventures Pte. Ltd., its subcontractors and local small-land owners, perform their contractual and/or standard operating procedures, (iii) the survival of trees, (iv) the successful project validation and registration by Verra, (v) the waiver of any carbon credit ownership rights by local project participants, (vi) the growth rates of trees are consistent with the expectations under the project which is then reflected by monitoring reports accepted by Verra, (vii) the Company has sufficient funds to satisfy its capital commitments, (viii) over the life of the project, there is no change to the project methodology which results in less carbon credits being issuable from the operation of such project, and (ix) continued participant involvement and public support of the voluntary carbon market.
The forward-looking statements made herein are subject to a variety of risk factors and uncertainties, many of which are beyond the Company’s control, which could cause actual events or results to differ materially and adversely from those reflected in the forward-looking statements. Readers are cautioned that forward-looking statements are not guarantees of future performance. Specific reference is made to the management’s discussion and analysis for the Company’s quarter ended June 30, 2025 and the most recent Annual Information Form on file with the Canadian provincial securities regulatory authorities (and available on www.sedarplus.ca) for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
Should one or more of the risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual events or results may vary materially and adversely from those described in the forward-looking information. The forward-looking information contained in this press release is provided as of the date of this press release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
