Base Carbon Announces Renewal of Normal Course Issuer Bid

Executive Summary

• Base Carbon Inc. announced the renewal of its Normal Course Issuer Bid (NCIB) to purchase up to 6,264,560 common shares for cancellation.
• The renewed program runs for 12 months from June 23, 2026, to June 22, 2027, representing approximately 6.2% of outstanding shares and 10% of the public float.
• The company has also implemented an Automatic Share Purchase Plan (ASPP) with a broker to facilitate share repurchases during internal trading blackout periods.

Key Details

• Authorized Volume: Up to 6,264,560 common shares for cancellation.
• Program Duration: June 23, 2026, to June 22, 2027 (12 months).
• Share Percentage: Represents ~6.2% of the 100,843,488 issued and outstanding shares and 10% of the public float as of June 16, 2026.
• Daily Purchase Limit: Up to 35,594 shares per day (25% of the 6-month average daily trading volume of 142,374).
• Block Trades: Permitted once per calendar week.
• Current NCIB Status (as of June 16, 2026): 4,009,330 shares purchased at a weighted average price of $0.6315, utilizing 60.2% of the previous authorization.
• Historical Repurchases (since June 17, 2022): 27,507,089 shares repurchased at an average price of $0.3858, reducing outstanding shares by 21.5%.
• Execution Method: Purchases will be made via Cboe Canada or alternative Canadian trading systems in accordance with Cboe Canada’s Listing Manual.
• ASPP Details: An automatic share purchase plan has been established with a broker to execute purchases during insider trading blackout periods, based on predefined parameters when the company holds no material non-public information.
• Disposition of Shares: All purchased shares will be returned to treasury for cancellation.