NU E Power closes $625,003 first tranche of placement

Executive Summary

• NU E Power Corp. has closed the first tranche of a non-brokered private placement, raising approximately $625,000.
• The company is deploying the capital to advance interconnection processes in Alberta and launch environmental and feasibility studies in Mongolia and Malaysia.
• The transaction includes the issuance of common shares and warrants, with specific finder fees paid to Ventum Financial Corp. and Haywood Securities Inc.

Key Details

• Transaction Structure: Non-brokered private placement offering of 5,208,366 units.
• Price: 12 cents per unit.
• Gross Proceeds: $625,003.92.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of 25 cents per share.
• Warrant Expiration: 24 months after the closing date.
• Finder Fees:
  • Cash fee of 7% of gross proceeds paid to certain finders.
  • Aggregate of 260,050 finder warrants issued (representing 7% of the aggregate number of units sold to purchasers introduced by finders).
  • Finder warrants entitle holders to acquire one common share at 25 cents for 24 months.
  • Finders involved: Ventum Financial Corp. and Haywood Securities Inc.
• Use of Proceeds:
  • Advancing Alberta-based projects through final interconnection stages.
  • Launching environmental and feasibility programs in Mongolia and Malaysia.
  • Supporting early-stage development initiatives in select African markets.
  • Strengthening technical, project, and governance capabilities for the 2026 execution cycle.
• Strategic Context: NU E positions itself as an infrastructure arbitrage platform focusing on power markets, compute demand, and regulatory constraints, aiming to relieve structural power bottlenecks.

Notable Quotes

• "This initial close marks a significant milestone for NU E as the company enters 2026 with multiple projects advancing toward critical development inflection points."