Clean Energy Transition Inc. Provides Update on Private Placement

Clean Energy Transition Inc. (TSX-V: TRAN) announced it continues to proceed with its previously announced non-brokered private placement and concurrent royalty rights offering. The TSX Venture Exchange (TSXV) has approved three minor amendments to the Royalty Right Certificate, clarifying the pro rata denominator, allowing the carry forward of negative Cash Flow for Distribution (CFD), and preserving flexibility to sell, transfer, or reorganize the Pilot Portfolio. Conditional acceptance for the financing has been received, with final closing subject to final TSXV approval. The company expects completion within two weeks.

Clean Energy Transition Inc. (TRAN) issued a procedural update on September 11, 2026, following its June 22, 2026 announcement regarding the TranFin Energy-as-a-Service pilot and a $375,000 financing round. The latest release confirms regulatory progress but introduces no new strategic developments, revenue milestones, or changes to the capital raise structure.

The company maintains an explicit going concern status, reports zero revenue, and carries an accumulated deficit of $60.9 million. Consequently, this financing provides a marginal extension of runway rather than constituting a fundamental turnaround.

Clean Energy Transition Inc. (TRAN) is a pre-revenue junior explorer that has historically focused on critical minerals, specifically nickel at the Aurora project and quartz/silica at Snow White and Silicon Ridge. The company is now pivoting toward Energy-as-a-Service (EaaS) through its new TranFin subsidiary. TranFin aims to fund, own, monitor, and maintain residential clean energy assets, including batteries, solar, and heat pumps, in Canada, charging homeowners a predictable long-term subscription fee.