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TORONTO - Volatus Aerospace Inc. (TSXV:FLT, OTCQB: TAKOF), which has seen its stock surge over 230% in the past six months and currently generates annual revenue of $21.8 million, announced Monday that its Condor XL remotely piloted helicopter has been selected by Ki Reforestation for next-generation aerial seeding operations across Canada’s fire-impacted landscapes. According to InvestingPro analysis, the company maintains healthy liquidity with a current ratio of 1.56, though it’s currently trading above its Fair Value.
The Condor XL, capable of carrying up to 180 kg over 200 km, will be operated by Volatus to address reforestation challenges in areas affected by wildfires. According to the press release, more than 18 million hectares of Canadian forest burned in 2023 and 2024. While the company’s EBITDA remains negative at -$5.57 million, InvestingPro data shows analysts anticipate sales growth in the current year (Get 12 more exclusive ProTips with InvestingPro).
"Climate change is accelerating the frequency and severity of wildfires, destroying forest ecosystems at a scale that cannot be reversed by traditional planting alone," said Trevor Grant, CEO of Ki Reforestation, a Toronto-based environmental innovation company specializing in wildfire recovery.
Volatus has received Special Flight Operating Approval to test the Condor XL at its Ontario test range. These trials will validate the dispersal system being developed in combination with Ki’s proprietary biodegradable seedpods.
"The Condor XL has the payload, range, and precision needed to scale reforestation efforts and restore ecosystems more efficiently than any other method available today," said Glen Lynch, CEO of Volatus Aerospace.
Flight testing and validation are expected in Q4 2025, with initial commercial seeding operations planned for 2026. The project supports Canada’s 2 Billion Trees Program and aligns with international climate goals.
The companies estimate that one hectare of reforested land could sequester 5-10 tonnes of CO₂ annually, potentially worth US$75-$200 per hectare per year at current voluntary market prices, based on information provided in the press release statement.
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