Moose Jaw Landfill end-of-life ~2030
The City of Moose Jaw Sanitary Landfill (Caribou Street East) reaches capacity approximately 2030. A July 2025 council-commissioned concept design report identified $133M CAD as the cost of a replacement landfill facility — a project with no approved site and a 3-2 council vote in July 2025 to pursue a different path. Phase Initial COD at T₀+24 months requires a T₀ no later than approximately 2028 to deliver operations before landfill exhaustion. The window is closing.
Carbotura builds, owns, and operates Advanced Circular Manufacturing (ACM) facilities under 30-year Circular Supply Agreements. The facility converts residual material streams — MSW, biosolids, and commercial fractions — into synthetic graphite, graphene compounds, and recovered minerals using the MCR (Microwave Catalytic Reforming) process.
MCR is anoxic and oxygen-free. It is classified under manufacturing NAICS codes (Sector 31–33), not solid waste codes. The feedstock's balance sheet character inverts from an open-ended disposal liability to an income-producing instrument. The Beneficiation Fee (TMC Fee) replaces previously committed disposal spending. The Circular Royalty™, beginning 13 months later, returns more than was paid.
The Corridor's two primary MSW streams — Regina (~310 TPD) and Moose Jaw (~60 TPD) — are immediately addressable. EPCOR-operated biosolids at the Regina WWTP are conditionally accessible (contract to June 2044). Phase Initial at 100 TPD begins with the Moose Jaw stream and nearest corridor communities — the communities most directly exposed to the ~2030 deadline.
Phase Expanded at 400 TPD reaches the full addressable ceiling across both cities plus surrounding RMs. The CSA structure scales from Phase Initial to Phase Expanded without renegotiating commercial terms.
Five reasons this matters for the Corridor
The City of Moose Jaw's commissioned concept design report (July 2025) confirmed the replacement landfill capital cost at $133M CAD. No site has been approved and council is 3-2 in favour of pursuing a different solution. Phase Initial COD before ~2030 eliminates the procurement trigger for this capex. The ACM programme converts a capital expenditure into a royalty return stream.
Regina tipping fee: $95/tonne (VERIFIED). Moose Jaw: $90/tonne (VERIFIED). Corridor-weighted average: $93.50/tonne. Year 1 Beneficiation Fee at Phase Initial: $3.65M CAD. Year 2 Circular Royalty™: Gross cost displacement and royalty shown separately per the Separate Transaction Principle.
The City of Moose Jaw Sanitary Landfill (Caribou Street East), approaching end-of-life ~2030, qualifies as an Exogenesis™ Royalty candidate — a structured dual-stream payment for legacy landfill material. The landfill that currently represents a $133M replacement obligation can simultaneously generate a royalty stream from its accumulated material. Subject to Waste Characterization Study confirmation. Available under the CSA.
Regina's 310 TPD stream and Moose Jaw's 60 TPD stream are complementary: Moose Jaw provides urgency and the P1 site candidate (WWTP Precinct, city-owned land); Regina provides scale. The CSA structure accommodates both municipal systems under a single 30-year agreement with phased integration. Surrounding RM volumes are addressable at Phase Expanded.
The City of Regina WWTP is operated by EPCOR Water Services Inc. under a contract expiring June 2044. Biosolids disposition requires commercial engagement, but the stream (~30 TPD) is addressable at Phase Medium under a separate agreement. ACM capability is confirmed — access constraint only, with the EPCOR contract renewal window as a natural engagement point.
Two paths for the Corridor
- Beneficiation Fee: $100 CAD/tonne, 2.5%/yr escalator
- Circular Royalty™: 120% of the current-year Beneficiation Fee, +1pp/yr
- Royalty commencement: Month 13 after corresponding Beneficiation Fee payment (rolling monthly)
- 30-year CSA term, perpetual continuation language
- Parent Performance Guarantee
- Regulatory Predicate Transition (RPT) required
- PSAB accounting treatment
The City of Moose Jaw Sanitary Landfill (1802 Caribou Street East, Moose Jaw, SK) has been identified as a qualifying candidate for the Exogenesis™ Royalty — a structured dual-stream payment for legacy landfill material. The landfill currently approaching end-of-life ~2030 represents both a fiscal liability and a material asset under the Exogenesis™ structure.
Rather than replacing a closing landfill with a new one ($133M CAD confirmed capex), the Exogenesis™ Royalty converts accumulated legacy material into a structured income stream appended to the primary CSA. Available under the CSA. Subject to Waste Characterization Study confirmation — does not alter primary CSA commercial terms.
Subject to Waste Characterization Study confirmationKey figures at a glance
Planning-basis estimates at Phase Initial (100 TPD). Scale table covers the full 100–400 TPD range. All figures in CAD. ESTIMATED unless marked VERIFIED.
vs. $93.50/tonne corridor avg
+1 pp/yr escalator thereafter
CAD
confirmed July 2025 council report
Employment across the Corridor
Phase Initial (100 TPD)
Phase Medium (200 TPD)
Phase Expanded (400 TPD)
Circular Royalty™ projections — 100 to 400 TPD
Beneficiation Fee and Circular Royalty™ shown independently per the Separate Transaction Principle.
| Capacity | Annual Tonnes | Fee · Year 1 (CAD) | Royalty™ · Year 2 (CAD) | 30-Year Gross Royalty | FTE |
|---|---|---|---|---|---|
| 100 TPD ← Phase Initial | 36,500 | $3.65M | $4.38M | ~$218M ESTIMATED | ~25 |
| 200 TPD · Phase Medium | 73,000 | $7.30M | $8.76M | ~$437M ESTIMATED | ~50 |
| 400 TPD · Phase Expanded | 146,000 | $14.60M | $17.52M | ~$874M ESTIMATED | ~100 |
All figures CAD. Circular Royalty™ (Year n) = (120% + (n−1)pp) × that year’s Beneficiation Fee. Royalty payments begin 13 months after corresponding Beneficiation Fee payments. At steady state, the Circular Royalty™ is designed to exceed the Beneficiation Fee on a per-tonne basis.
The election governs asset treatment and royalty basis. The CSA differ in their fee structure, royalty basis, and balance sheet treatment.