ONEnergy, Matrixset extend LOI to Dec. 31

Executive Summary

• ONEnergy Inc. has entered into an extension agreement to extend the letter of intent for its proposed reverse takeover acquisition of the Golden Heart property and Bingo gold deposit from Matrixset Investment Corp.
• The deadline for the transaction has been extended to December 31, 2025.
• The transaction remains subject to standard closing conditions, including the signing of a definitive agreement and regulatory approvals, specifically listing on the TSX Venture Exchange as a Tier 1 mining issuer.

Key Details

• Transaction Structure: Proposed reverse takeover of ONEnergy Inc. by acquiring two gold projects: the Golden Heart property and the Bingo gold deposit.
• Counterparty: Matrixset Investment Corp.
• Extension Terms: The letter of intent has been extended until December 31, 2025.
• Current Status: Parties are working toward the preparation and signing of the definitive agreement.
• Closing Conditions:
  • Entering into a definitive agreement.
  • Receipt of all required regulatory and third-party consents.
  • Approval of the transaction by the TSX Venture Exchange.
  • Listing of the company on the TSX Venture Exchange as a Tier 1 mining issuer.
• Previous Disclosures: The transaction was previously disclosed in news releases dated July 2, 2025, and August 8, 2025.
• Company Listing: ONEnergy Inc. common shares are listed on the NEX board of the TSX-V under the symbol OEG.H.