AEF Launches Commercial Advisory Board to Drive Project Development in Australia and North America

Executive Summary

• AE Fuels Corporation announced the creation of a Commercial Advisory Board chaired by Joe Kaderavek, with Tyson Hall also appointed, to accelerate its battery‑materials strategy and support project advancement.
• The Company entered into an indefinite market‑making and liquidity services agreement with Red Cloud Securities Inc., paying a cash fee of $5,000 per month.
• AE Fuels granted 600,000 Deferred Share Units (DSUs) and 400,000 Performance Share Units (PSUs) to directors and officers, subject to shareholder approval at the next annual meeting.
• A debt settlement was executed, issuing 937,175 common shares (valued at $0.25 per share) to creditors for a total of $234,293.75, pending TSX Venture Exchange approval.

Key Details

• Advisory Board Formation
• Chair: Joe Kaderavek – 30+ years in resources, energy‑transition metals, battery technologies; Engineer and CFA.
• Member: Tyson Hall – Chemical Engineer with senior roles at Albemarle (global bromine & lithium businesses).
• Objective: Provide multidisciplinary guidance for the South Woodie Manganese Project and Fluorite Ridge Fluorspar Project as AEF moves toward production.
• Market‑Making Agreement
• Counterparty: Red Cloud Securities Inc.
• Services: Maintain reasonable bid/offer spreads and board lot sizes for AEF common shares; indefinite term, terminable with 30‑day notice.
• Compensation: $5,000 cash per month (first three months prepaid starting March 1 2026); no securities issued as payment.
• Equity Incentive Grants
• Deferred Share Units (DSUs): 600,000 units granted; vest 20 business days after holder ceases to be eligible, minimum 12‑month post‑grant period.
• Performance Share Units (PSUs): 400,000 units granted; vest 12 months after grant upon achievement of specified corporate and technical KPIs.
• Each DSU/PSU convertible into one common share upon vesting.
• Grants made under the Company’s 10 % rolling equity incentive plan; subject to shareholder approval at the next annual/general meeting.
• Debt Settlement
• Total debt settled: $234,293.75.
• Shares issued to creditors: 937,175 common shares at a deemed price of $0.25 per share.
• Hold period on issued shares: expires four months and one day after issuance.
• Related‑party component: Mark Wise (director of subsidiary) receives 100,000 shares; transaction qualifies for exemption under MI 61‑101.
• Settlement approved by the Board; pending TSX Venture Exchange approval.

Notable Quotes

• Gary Lewis, CEO & Director: “As inaugural Chair of the AEF Commercial Advisory Board, Joe Kaderavek brings over 30‑years’ experience… AEF will benefit greatly from his insights and expertise.”

Materiality Assessment: Material – Positive (the advisory board and market‑making agreement are expected to enhance shareholder value; equity grants and debt settlement are material corporate actions).