Nexera Reports AGM Results and Provides Update on CTO and Strategic Transition to Tire Recycling

Executive Summary

• Nexera Energy Inc. announced that its pre‑FEED engineering study for a proposed tire‑pyrolysis facility in Calgary has been completed and validates the technical and economic feasibility of the project.
• All resolutions presented at the March 10, 2026 Annual General Meeting were approved, and the company is finalizing submissions to the Alberta Securities Commission to lift its cease‑trade order.
• The study provides preliminary equipment specifications, block flow diagrams, and an estimated total installed cost, supporting Nexera’s shift from oil & gas to industrial manufacturing and waste‑tire recycling.

Key Details

• AGM Outcomes: All shareholder resolutions presented on March 10, 2026 were approved.
• Cease‑Trade Order (CTO): Nexera remains subject to a CTO issued by the Alberta Securities Commission due to delayed audited financial statements; submissions are in final stages and revocation is expected soon, after which trading should resume.
• Pre‑FEED Study: Conducted by Equinox Engineering Canada Ltd.; confirms technical and economic viability of a tire‑pyrolysis plant in Calgary.
• Includes detailed project description, block flow diagrams, preliminary equipment specs, and an estimated total installed cost (specific dollar amount not disclosed).
• Strategic Shift: Continues repositioning from oil & gas to industrial manufacturing focused on recycling end‑of‑life tires via advanced pyrolysis technology.
• CEO/CFO Quote: “The scope, cost estimates, and development schedule outlined in the Equinox pre‑FEED study confirm the technical and economic viability of this project,” said CFO Michael Rice.
• Future Updates: Company will provide further information as the tire‑recycling initiative progresses.

Notable Quotes

“Based on these findings, the Company will continue advancing its strategic transition toward waste tire recycling and resource recovery, positioning Nexera as a leader in sustainable industrial manufacturing.” – Michael L. Rice, CFO, Nexera Energy Inc.