Altura Energy Provides Notice of Warrant Acceleration

• Warrant Acceleration: Altura Energy Corp. announced on May 28, 2026, that outstanding common share purchase warrants are accelerated to expire July 2, 2026. This was triggered by the TSX Venture Exchange closing price exceeding C$0.3125 for 10 consecutive trading days ending May 25, 2026.
• Warrant Details: Originally issued May 1, 2023 (extended to May 1, 2028), the acceleration reduces expiry by over a year. Total outstanding warrants are 25,000,000. Exercise price is $0.025 per warrant ($0.25 aggregate per share). Potential gross proceeds if exercised: C$625,000.
• Operational Milestone: Simultaneously announced completion of the helium pipeline construction and tie-in of six wells to the processing facility at Pinta South Helium Field (Arizona) on time and on budget.
• Production Status: Two wells successfully recompleted; four additional wells remain in Saddle Horse Draw. A multi-section farmout agreement with a major oil and gas company was secured adjacent to commercial production.
• Historical Context: This follows previous announcements regarding pipeline replacement (March 2026), well recompletions yielding ~123 mcfd flow rates (November 2025/March 2026), and a farm-in agreement for 2,560 acres (April 2026).

• Execution Validation: The pipeline completion confirms management's ability to execute infrastructure projects on time and on budget, reducing execution risk. This validates the operational plan outlined in March and April news releases.
• Warrant Overhang Removal: Accelerating warrants from 2028 to July 2026 removes long-term uncertainty regarding dilution. However, it introduces near-term dilution pressure if holders exercise. Given the current price ($0.30) vs. exercise cost ($0.25/share), there is limited intrinsic value for immediate exercise (approx. $0.05 upside per share equivalent), suggesting many warrants may expire unexercised or be sold rather than exercised, mitigating dilution risk slightly.
• Price Trigger Confirmation: The acceleration confirms the stock has sustained trading above the trigger level ($0.3125) for 10 days (May 14-25). This indicates underlying investor confidence and liquidity support at current levels.
• Routine Nature: While positive, this news is largely incremental to previous announcements. The pipeline completion was a known milestone from March/April updates. The warrant acceleration is a mechanical trigger based on price performance that investors monitoring the stock would have anticipated once prices held above $0.3125. It does not introduce new fundamental value creation (e.g., new reserves, major M&A) but rather confirms existing progress.
• Hidden Risk - Contract Price: A critical hidden risk identified in historical news is the offtake agreement price ($350/mcf). Recent market context notes helium spot prices surged to $1,000-$1,200/mcf due to geopolitical supply disruptions (Qatar). Altura is locked into a significantly lower contract price, capping immediate upside potential despite high spot prices.

• Company: Altura Energy Corp. (TSXV: ALTU).
• Flagship Project: Pinta South Helium Field in the Holbrook Basin, Arizona.
• Asset Details: 100% ownership of eight helium wells acquired in September 2025. Previously held a 50% interest; consolidated to 100%.
• Production Status: Two wells recompleted and producing (Nov 2025). Pipeline infrastructure completed May 2026 to tie-in six initial wells.
• Geology: Shallow formations (~300m depth) in the Shinarump and Coconino formations, known for helium production by adjacent operators.
• Market Context: Positioned to capitalize on North American helium supply shortages driven by geopolitical disruptions (Qatar LNG-linked helium).