NU E Power Corp. Issues Clarifying Press Release

Executive Summary

• NU E Power Corp. clarifies that its November 3 2025 announcement referred only to exclusive options and development rights—not ownership—on hybrid power sites in Mongolia, Canada, Malaysia, Brazil and Nigeria.
• No binding construction, financing, land‑acquisition or offtake agreements exist for any of the listed projects; all remain at early‑stage, non‑binding or MOU phases.
• A $25,000 payment secures a twelve‑month exclusive right to the 100 MW Darkhan hybrid site in Mongolia, with the Company proposing a 60% ownership stake pending feasibility studies and permits.

Key Details

• General Clarification: The company does not hold direct ownership of any assets acquired from ACT Mid Market Ltd.; only exclusive options/development rights are in place for Mongolia (Darkhan) and Saskatchewan projects.
• Mongolia – Darkhan 100 MW Hybrid Gas‑Solar‑Battery Site
• Early development; no binding construction, power‑sale, land‑acquisition or financing agreements.
• $25,000 paid for a twelve‑month exclusive right to the property.
• Proposed ownership: 60% NU E, 40% Tsegtskharaa LLC (subject to environmental/feasibility studies and permits).
• Saskatchewan – 100 MW Community Power + Data Center Hub
• Rights effective August 25 2025 for twelve months; land owned by joint‑development partner XBASE.
• Early stage; no binding agreements, final investment decisions, or permitting completed.
• Malaysia – Johor ~100 MW Data Centre & Power Project
• Non‑binding early‑stage development; due diligence on land and power availability ongoing.
• No SPV formed, no bids submitted, no LOIs with offtake partners.
• Malaysian University Campus Data Centres (25–50 MW)
• Only a letter of intent to IIUM; no binding agreements.
• Ongoing discussions with Universiti Tunku Abdul Rahman (UTAR).
• Brazil – Minas Gerais 100 MW Solar Development
• 25 MW operating, 75 MW expansion under MOU (non‑binding).
• No site visit, construction or investment decisions made; further technical and regulatory review required.
• Nigeria – Lagos Hybrid Gas + Solar Development
• Early‑stage, non‑binding discussions; project size/scope unknown; no SPV or feasibility work completed.
• Board Change Clarification: President/CEO Broderick Gunning was not a board member at the time of the November 25 2025 press release.

Notable Quotes

(No direct quotes provided in the release.)