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TORONTO, Nov. 06, 2025 (GLOBE NEWSWIRE) — Dr. Talal A. Debs, Founder and Director of Zefiro Methane Corp. (Cboe: ZEFI) (“Zefiro”), today issued the following letter to Zefiro shareholders:
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November 6, 2025
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SUBJECT: Urgent Call to Restore Value, Accountability, and the Founder’s Vision at Zefiro Methane Corporation
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To My Fellow Shareholders,
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As the founder of Zefiro Methane Corporation (Zefiro or the Company) and of X Machina Capital Strategies Fund I LP (XMC), which remains the largest shareholder of the Company – holding an aggregate of 20,711,500 common shares directly or indirectly, representing 27.26% of the issued and outstanding common shares – I am deeply disturbed and frustrated by events at the Company since I was ‘ousted’ from leadership in early June of this year.
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I founded Zefiro and took it public with a clear and powerful vision: to build a premier, vertically integrated environmental services company. The strategy was simple and proved effective, built on three key pillars to drive a diversified revenue stream:
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- Asset Retirements and Environmental Services
- Environmental Markets & Carbon Credit Origination
- Environmental Data & Monitoring
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These pillars encompass tremendous opportunities in distinct, growing markets where Zefiro can be a clear leader. In just the last few weeks, achievements which were spearheaded by the prior management team have at last been announced, providing hard evidence of the effectiveness of the Zefiro business model:
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- Zefiro’s first monetization of CO2 offsets
- Zefiro’s first commercial inroads in methane monitoring
- Zefiro’s strong asset retirement pipeline, even in a services slowdown
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Notwithstanding these achievements, what really matters is the drive and focus to take this success beyond these ‘green shoots’ of new growth.
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Leaders Focused on the Wrong Things
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In spite of milestones that evidence our momentum, the current Board of Directors and management has no such drive; they have instead steered the Company dangerously off course, seemingly intent on entangling the Company in a web of conflicts of interest, which has led to governance failures and short-term thinking. The result of this poor leadership is not theoretical but potentially catastrophic.
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Under the current management’s leadership, they have overseen:
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- Decommissioning the Zefiro Lifecycle Solution (ZLS) (including the Fiùtur investment and CarbonAI partnership, both discontinued by current management); this decision has in my view already lost Zefiro shareholders millions of dollars and potentially tens of millions in the future.
- Discontinuation of ZMC’s proprietary AI-driven mapping tool for leaking oil and gas wells, foregoing potential gains in resource efficiency and new revenue streams; this capability being key for Zefiro’s first break into the methane monitoring line of business.
- Failing to deliver a carbon credit pipeline that in my view could have delivered millions of dollars in bankable value this year; this along with the termination of the team leader (now an XMC executive) responsible for delivering Zefiro’s only successful batch of carbon credits.
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Rather than driving value, Interim CEO and Director, Catherine Flax appears focused on cutting profitable programs and taking credit for others’ accomplishments.
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There is little value in detailing the litany of problems with Zefiro’s current leadership, but shareholders should appreciate the following points:
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