Azincourt Energy acquires interest in Nuclea Energy

Mr. Alex Klenman reports AZINCOURT ENERGY ANNOUNCES ACQUISITION OF INTEREST IN NUCLEA ENERGY INC. Azincourt Energy Corp. has acquired an interest in Nuclea Energy Inc., a privately held Canadian company developing advanced small modular reactor (SMR) and micromodular reactor (MMR) technologies designed to deliver clean, reliable and scalable energy solutions for industrial, mining and remote applications. Key highlights: Nuclea Energy is advancing the development of its Morpheus micromodular reactor -- a lead-cooled, enriched-uranium-powered, inherently safe design capable of delivering four to 50 megawatts of clean, baseload power. Nuclea is also in discussion with Canadian Nuclear Laboratories (CNL) to license two additional proven microreactor technologies. Nuclea's reactors can cleanly power off-grid mining sites, remote communities and artificial intelligence/data centre infrastructure where continuous power is critical. This marks Azincourt Energy's first direct participation in the downstream nuclear technology sector, representing a natural extension of its uranium-focused clean-energy strategy. The company believes that SMR and MMR technologies will be a critical link between uranium resource development and next-generation deployment of zero-emission power. "Nuclea is advancing one of the most promising new nuclear technologies in North America," said Alex Klenman, president and chief executive officer of Azincourt Energy. "As global power demand accelerates, micromodular reactors can deliver the safe, scalable and carbon-free baseload power the world urgently needs. This investment aligns perfectly with our long-term vision to participate across the full nuclear energy value chain." Nuclea Energy -- enabling clean power for the next generation of industry Headquartered in Ontario, Nuclea Energy is advancing the Morpheus reactor, an enriched-uranium-fuelled, lead-cooled, graphite-moderated micromodular reactor capable of generating four to 50 megawatts of clean, continuous electricity. Built on an award-winning preconceptual design, Morpheus integrates inherent safety features including passive cooling, low-pressure operation and hydrogen-free containment, eliminating key risks associated with traditional nuclear technologies. The compact Morpheus design is engineered for off-grid and energy-intensive environments -- such as mining operations, data centres and remote communities -- where clean, reliable baseload power is both technically and economically transformative. Nuclea is also in discussions with Canadian Nuclear Laboratories to license additional proven microreactor technologies, expanding its addressable markets in industrial heat, remote power and community electrification. About Azincourt Energy Corp. Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of uranium and alternative-energy projects. The company's primary assets are the Harrier uranium project in the Central mineral belt in Newfoundland and the East Preston uranium project in the Athabasca basin in Saskatchewan. Azincourt's strategy is to advance critical energy materials and technologies that support the global transition to clean, reliable, low-carbon power. About Nuclea Energy Inc. Nuclea Energy is a Canadian advanced nuclear technology company developing micromodular reactor systems that deliver clean, safe and continuous power to industries and communities worldwide. Its flagship Morpheus reactor is the only lead-cooled microreactor concept under development in North America. We seek Safe Harbor.