ONEnergy Inc. Announces Update To Proposed Reverse Takeover Transaction

Executive Summary

• ONEnergy Inc. provided an update on its proposed acquisition of the Golden Heart Property and the Bingo Gold Deposit from Matrixset Investment Corporation, which will constitute a reverse takeover of ONEnergy.
• The parties have executed an extension agreement that prolongs the Letter of Intent until December 31 2025 while they work toward finalizing a definitive agreement.
• Completion remains subject to regulatory approvals, third‑party consents and TSX Venture Exchange listing requirements.

Key Details

• Transaction Scope: Acquisition of two gold projects – Golden Heart Property and Bingo Gold Deposit – from Matrixset Investment Corp., structured as a reverse takeover of ONEnergy.
• Extension Agreement: Letter of Intent extended to 31 December 2025; both parties continue negotiations toward a definitive agreement.
• Regulatory Conditions: Completion contingent upon (i) execution of the definitive agreement, (ii) receipt of all required regulatory and third‑party consents, (iii) approval by the TSX Venture Exchange, and (iv) listing of ONEnergy as a Tier 1 mining issuer on the TSXV.
• Previous Disclosures: Transaction originally disclosed in company releases dated 2 July 2025 and 8 August 2025.

Notable Quotes

(No executive quotes were included in the release.)