Syntholene Energy Announces DTC Eligibility and Provides Update Regarding Investor Relations Activity

Syntholene Energy Corp. has secured DTC (Depository Trust Company) eligibility for its common shares, enabling electronic clearing and settlement in the United States to enhance liquidity on the OTCQB Market under ticker SYNTF. The company engaged London-based marketing firm The Armchair Trader Limited for a six-month investor awareness campaign at a cost of US$7,995. Additionally, Syntholene concluded its engagement with Generation IACP Inc. regarding issuer trading services without penalties or termination payments. This update follows the April 14 announcement securing a site lease and construction permit in Husavik, Iceland, for the Demonstration Facility.

The DTC eligibility is a positive administrative milestone that reduces friction for U.S. investors but does not fundamentally alter the company's operational risk profile or revenue generation capabilities. Given that Syntholene already trades on the OTCQB (since Jan 2026), this step was likely anticipated to facilitate broader capital access. The marketing spend ($7,995) is immaterial relative to the $3.75M raised in March and the project scale. The conclusion of the Generation IACP engagement suggests a shift in investor relations strategy but carries no financial penalty. Compared to the April 14 news regarding the construction permit (which de-risks physical execution), this update is incremental. It supports liquidity but does not constitute new capital or revenue validation.

Syntholene Energy Corp. is a pure-play synthetic fuel company listed on TSX Venture (ESAF), OTCQB (SYNTF), and Frankfurt Stock Exchange (3DD0). The flagship project is a Demonstration Facility in Husavik, Iceland, utilizing geothermal energy to power Solid Oxide Electrolyzer Cells (SOEC) for hydrogen production. This hydrogen feeds into a proprietary "Compact Cascade Oligomerizer" reactor to produce synthetic sustainable aviation fuel (eSAF). The company claims its Thermal Hybrid Production Process can deliver eSAF at ~70% lower cost than competitors, targeting hydrogen costs below $2/kg.