Cielo Waste Solutions Corp. V.CMC.WT

Blown Budget

[lscfa]

Wow. The $50 to $70 million spend in 2022 is just for Aldersyde improvements and the 60 lph pilot plant. Getting Fort Sask phase 1 to 4000 lph will be require additional funds. Another $50 to $75 million?  

 

Stephanie Li

To answer your question, our major plan up until the end of 2022 is we focus on the R&D facility in Fort Saskatchewan and also the Aldersyde facility to achieve steady-state production in order to generate revenue. Without considering the revenue to be generated from the Aldersyde facility from a capital requirement perspective, we anticipate somewhere between $50 million to $70 million requirement. Beyond 2022, we’re still in the process of finalizing the budget and also decide what would be the cost requirement for the full-scale facility that needs to be built in the Fort Saskatchewan site. I hope that answers your question.