ONEnergy extends LOI for RTO with Matrixset to Aug. 31

Executive Summary

• ONEnergy Inc. has entered into an extension agreement with Matrixset Investment Corp., extending the letter of intent for the proposed reverse takeover acquisition of the Golden Heart property and Bingo gold deposit until August 31, 2025.
• The transaction remains subject to standard closing conditions, including the execution of a definitive agreement and receipt of regulatory approvals, specifically TSX Venture Exchange approval and Tier 1 mining issuer listing status.
• The company intends to provide further updates once the definitive agreement is signed.

Key Details

• Transaction Structure: Proposed reverse takeover of ONEnergy Inc. by Matrixset Investment Corp.
• Assets Acquired: Golden Heart property and Bingo gold deposit.
• Extension Terms: The letter of intent has been extended until August 31, 2025.
• Closing Conditions:
  • Entering into a definitive agreement.
  • Receipt of all required regulatory and third-party consents.
  • Approval by the TSX Venture Exchange.
  • Listing of the company on the TSX-V as a Tier 1 mining issuer.
• Previous Disclosure: This update relates to the transaction previously disclosed in the news release dated July 2, 2025.

Notable Quotes

• "The parties continue to work toward the preparation and signing of the definitive agreement and will provide further updates once available."