12:49 PM EDT, 10/09/2025 (MT Newswires) -- Cielo Waste Solutions ( CWSFF ) on Thursday said it plans a non-brokered private placement of share units to raise $2 million

The company will look to place 40-million units priced at $0.05 each and made up of a share and one half of a two warrant to buy a share for $0.07.

"This financing represents, in effect, a continuation of the previously announced and closed $3 million unit offering, of which approximately $1 million was raised," chief executive Ryan Jackson said.

Proceeds from the offering are expected to be directed toward the development and early-stage engineering of the company's proposed waste-to-hydrogen facility in British Columbia, including regulatory and incentive application work. Cielo also plans to allocate funds for general working capital purposes, including the payment of approximately $750,000 under a settlement agreement with Expander Energy Inc.

Shares of Cielo Waste Solutions ( CWSFF ) were last seen up $0.005, to $0.060 on the TSX Venture Exchange.