Nexera Energy Inc. Announces Intention to File Change of Business with TSX Venture Exchange

Executive Summary

• Nexera Energy Inc. will file a Change of Business application with the TSX Venture Exchange to shift its core focus from oil & gas exploration and production to industrial manufacturing of waste‑tire recycling using advanced pyrolysis technology.
• The company highlights a $4.9 billion North American tire‑waste market, projected to exceed $13 billion by 2033, underscoring significant growth potential for the new business model.
• The proposed change is pending Exchange approval and compliance with all regulatory requirements; further details will be disclosed in future announcements.

Key Details

• Proposed filing: Change of Business application to the TSX Venture Exchange (TSXV).
• New strategic focus: Recycling end‑of‑life tires via pyrolysis, converting scrap tires into component materials.
• Market opportunity: Current North American waste‑tire market ≈ $4.9 billion annually; projected > $13 billion by 2033 driven by regulatory pressure and sustainability demand.
• Current operations (to be divested or repurposed): Ownership of Lavernia, Wooden Horse, and Stockdale Horizon oil projects; 100% owner of Production Resources Inc., a South Texas oil company.
• Regulatory condition: Change remains subject to TSX Venture Exchange approval and satisfaction of all applicable regulatory requirements.
• Future communications: Additional details on the new business direction will be provided in subsequent announcements.

Notable Quotes

• “We are pleased to announce our intention to reposition Nexera as an industrial manufacturing company focused on waste‑tire recycling, leveraging advanced pyrolysis technology to address a growing environmental challenge.” – Shelby D. Beattie, President, Nexera Energy Inc.