NU E Power Corp (NUE)

Oops I meant 50/50 jv...

NU E Power Corp. Closes First Tranche of Non-Brokered Private Placement, Raising $1.97 Million to Accelerate Power Infrastructure GrowthJuly 8, 2026 5:28 PM
NewsfileVancouver, British Columbia and Calgary, Alberta--(Newsfile Corp. - July 8, 2026) - NU E Power Corp. (CSE: NUE) (FSE: NUE1) ("NUE" or the "Company") is pleased to announce the successful closing of the first tranche of its previously announced non-brokered private placement (the "Offering"), raising gross proceeds of $1,968,700 through the issuance of 13,124,667 Units at a price of $0.15 per Unit.The first tranche represents approximately 66% of the Company's previously announced $3.0 million financing and reflects strong participation from investors who share management's long-term vision for NUE's expanding power infrastructure platform. Subject to receipt of additional subscriptions, customary closing conditions and regulatory approvals, the Company expects to complete one or more additional tranches for aggregate gross proceeds of up to $3,000,000.Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.25 for a period of three years from the applicable closing date, subject to the acceleration provisions described below.Positioning NUE for Continued GrowthThe proceeds from the Offering will provide additional financial flexibility as the Company advances its growing portfolio of energy infrastructure projects and evaluates new development opportunities.Net proceeds from the First Tranche are expected to be used for:Advancement of the Company's project portfolio and Acquisition and evaluation of additional power infrastructure opportunities;Working capital; andGeneral corporate purposes.Management believes reliable power infrastructure continues to be one of the most important enabling assets supporting the rapid expansion of artificial intelligence, data centres, industrial electrification and other large-scale energy users throughout North America. The Company continues to focus on identifying, originating and advancing projects capable of serving these rapidly growing markets.Warrant AccelerationIf the closing price of the Company's common shares on the Canadian Securities Exchange equals or exceeds $0.40 for ten consecutive trading days at any time after the date that is four months and one day following the applicable closing date and before the expiry of the Warrants, the Company may accelerate the expiry of the Warrants by providing written notice to holders. In such event, the Warrants will expire 30 calendar days following the date of the notice. The Company will issue a news release on the same day any acceleration notice is delivered.Finder's FeesIn connection with the First Tranche, the Company paid eligible finders aggregate cash fees of $32,472 and issued 716,680 broker warrants. Each broker warrant entitles the holder to acquire one Unit of the Company at an exercise price of $0.15 for a period of 24 months from the closing date, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.All securities issued under the First Tranche are subject to a statutory hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange. The Warrants will not be listed on the Canadian Securities Exchange or any other exchange.The Offering is being completed pursuant to available prospectus exemptions under National Instrument 45-106 Prospectus Exemptions, including the accredited investor exemption and, where applicable, the minimum amount investment exemption.The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any applicable state securities laws. Accordingly, the securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction where such offer or sale would be unlawful.About NU E Power Corp.NU E Power Corp. is an energy infrastructure company focused on the origination, development and advancement of integrated power and energy park opportunities. The Company emphasizes strategic site positioning, grid access and disciplined stage-gated project development across selected markets serving compute-intensive and other large-load industrial demand.For further information, please contact: Broderick Gunning, Chief Executive Officer John Meekison, Chief Financial Officer   E-mail: brodie@nu-energy.ca E-mail: john@nu-energy.ca 
Forward-Looking InformationThis news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "intends", "expects", "may", "will", and similar expressions, although not all forward-looking information contains these identifying words.More particularly and without limitation, the forward-looking information in this news release includes statements regarding: the completion of one or more additional tranches of the private placement; the expected aggregate size of the private placement; the anticipated use of proceeds from the First Tranche and any additional tranches; the potential acceleration of the Warrant expiry date; the availability of applicable prospectus exemptions; compliance with applicable securities laws and CSE policies; the Company's ability to advance its growing portfolio of power and energy infrastructure projects and to evaluate and pursue new development and acquisition opportunities; management's expectations regarding continued growth in demand for reliable power infrastructure from artificial intelligence, data centres, industrial electrification and other large-scale energy users throughout North America; and the Company's ability to fund general working capital and administrative requirements.Such forward-looking information is based on a number of assumptions, including the Company's ability to complete additional tranches of the private placement on the anticipated terms or at all; receipt of additional subscriptions; satisfaction of applicable closing conditions; continued availability of applicable prospectus exemptions; compliance with applicable securities laws and CSE policies; the Company's ability to apply the proceeds of the private placement as currently intended; and continued growth in demand for reliable power infrastructure from artificial intelligence, data centres, industrial electrification and other large-scale energy users.Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. Actual results may differ materially from those expressed or implied by forward-looking information. Such risks and uncertainties include, but are not limited to: the Company may not complete additional tranches of the private placement on anticipated terms or at all; additional subscriptions may not be received; required conditions may not be satisfied; applicable regulatory requirements may not be met; the Company may use proceeds differently than currently intended as circumstances change; project advancement, development and acquisition activities may not proceed as expected; anticipated demand growth from artificial intelligence, data centres, industrial electrification and other large-scale energy users may not materialize as expected or on the anticipated timeline; additional financing may be required; and other risks customary to CSE-listed issuers.Additional risk factors are described in the Company's continuous disclosure documents available on SEDAR+ at www.sedarplus.ca. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of this release."NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES"To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304453 Original: NU E Power Corp. Closes First Tranche of Non-Brokered Private Placement, Raising $1.97 Million to Accelerate Power Infrastructure Growth

-NUE news today of 50/40 Joint Venture with Green Harbour (formerly called Sprott Korea).

Press Release

NUE raising up to $3 million dollars cad.in a Private Placement to advance their current projects in Lethbridge Alberta and to work on finding and developing new renewable energy centers.

NU E Power Corp. Announces Proposed Non-Brokered Private Placement of UnitsJune 23, 2026 4:53 PM
NewsfileCalgary, Alberta--(Newsfile Corp. - June 23, 2026) - NU E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (FSE: B5S0) ("NUE" or the "Company") announces that it intends to complete a non-brokered private placement of up to 20,000,000 units of the Company (the "Units") at a price of $0.15 per Unit for aggregate gross proceeds of up to $3,000,000 (the "Offering").Each Unit will consist of one common share of the Company (each, a "Unit Share") and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each whole Warrant will entitle the holder to acquire one additional common share of the Company (each, a "Warrant Share") at an exercise price of $0.25 per Warrant Share for a period of three years from the applicable closing date of the Offering, subject to acceleration as described below.If the closing price of the Company's common shares on the Canadian Securities Exchange (the "CSE") equals or exceeds $0.40 for 10 consecutive trading days at any time after the date that is four months and one day following the applicable closing date and no later than the applicable expiry date of the Warrants, the Company may, in its sole discretion, accelerate the expiry date of the Warrants by delivering written notice to the holders of Warrants. In such event, the Warrants will expire 30 calendar days following the date of such notice. The Company will issue a news release on the same day that any acceleration notice is delivered.The Company intends to use the net proceeds of the Offering for working capital purposes and to fund the advancement of the Company's renewable energy projects including existing projects Lethbridge 2, 3, and Hanna, acquisition of new projects, general & adminstrative purposes, and working capital.The Company may close the Offering in one or more tranches and reserves the right to increase the size of the Offering at any time prior to the final closing, subject to all applicable regulatory approvals. The first closing is expected to occur on or about June 29, 2026, with a final closing expected to occur on or about July 7, 2026. Completion of each tranche of the Offering is subject to, among other things, the Company providing notice to the CSE, execution of subscription agreements by subscribers, receipt of subscription funds, and satisfaction of all conditions required by applicable securities laws.Exemptions, Eligibility, and Other TermsThe Offering is expected to be conducted in reliance on one or more prospectus exemptions under National Instrument 45-106 Prospectus Exemptions, including the accredited investor exemption and, where applicable, the minimum amount investment exemption. Subscribers will be required to complete and deliver a subscription agreement and all applicable schedules. The Offering is expected to be made in Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador.All securities issued in connection with the Offering, including the Unit Shares, Warrants and any Warrant Shares issued upon exercise of the Warrants, will be subject to a statutory hold period of four months and one day from the applicable closing date in accordance with applicable Canadian securities laws and CSE policies. The Warrants will not be listed on the CSE or any other exchange.The Unit Shares and Warrant Shares issuable pursuant to the Offering are expected to be qualified investments under the Income Tax Act (Canada) for RRSPs, RESPs, RRIFs, RDSPs, DPSPs and TFSAs, provided the Company remains a "public corporation" as defined therein. No representation is made as to whether the securities constitute a "prohibited investment" for any particular investor.The Company may pay finder's fees in connection with the Offering to eligible finders in respect of subscriptions from purchasers introduced by such finders. Any finder's fees will be paid and issued in compliance with applicable securities laws and the policies of the CSE.The securities described in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws. Accordingly, the securities may not be offered or sold within the United States, to U.S. persons, or for the account or benefit of U.S. persons, except pursuant to an available exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Contact Information   For more information, please contact:   Broderick Gunning, Chief Executive Officer John Meekison, Chief Financial Officer E-mail: brodie@nu-energy.caE-mail: john@nu-energy.ca Forward-Looking InformationThis news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "intends", "expects", "may", "will", and similar expressions, although not all forward-looking information contains these identifying words.More particularly and without limitation, the forward-looking information in this news release includes expectations regarding: the completion, timing, and pricing of the private placement; the anticipated structure and terms of the securities offered; the potential acceleration of warrant expiry; anticipated use of proceeds for working capital and project advancement; anticipated prospectus exemptions and provincial eligibility; expected qualification of securities as registered plan investments; and the payment of finder's fees. Such forward-looking information is based on a number of assumptions, including the Company's ability to complete the offering on the anticipated terms; receipt of all required regulatory approvals; the availability of the anticipated prospectus exemptions; continued qualification of securities as registered plan investments; and the execution of definitive documentation by subscribers, which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company.Whether actual results, performance, or achievements will conform to NUE's expectations and predictions is subject to a number of known and unknown risks and uncertainties, which could cause actual results and experience to differ materially from NUE's expectations. Such material risks and uncertainties include, but are not limited to: failure to complete the offering on anticipated terms or at all; failure to receive required regulatory approvals; inability to attract sufficient subscriber interest; changes in general market or economic conditions affecting financing availability; changes in applicable securities laws or stock exchange policies; changes in taxation of registered plan investments; and potential dilution to existing shareholders.Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. All forward-looking information in this news release is expressly qualified in its entirety by this cautionary statement.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of this release."NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES"To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302598 Original: NU E Power Corp. Announces Proposed Non-Brokered Private Placement of Units

They are looking at some large power projects which to develop according to management. Hoping to get some details soon.

Q1 2026 Financial Highlights

Revenue of $611,902 for the quarter, compared to $nil in the prior-year period, attributable to Blu Dot (defined below) operations prior to the March 6, 2026 unwind

Net income of $4.43 million, compared to a net loss of $646,707 in the prior-year period

Cash position of $469,037 as at March 31, 2026

Working capital deficiency reduced to $1.19 million from $2.48 million as at December 31, 2025

Completed a non-brokered private placement generating gross proceeds of approximately $1.18 million

Continued advancement of the Alberta development portfolio, Darkhan feasibility and permitting initiatives, and evaluation of the XBASE opportunity
https://investorshub.advfn.com/stock-market/CSE/NUE/stock-news/98734234/nu-e-power-corp-files-2026-first-quarter-results
$NUE

NU E Power Corp. Announces Revocation of Management Cease Trade OrderJune 19, 2026 12:00 PM
NewsfileCalgary, Alberta--(Newsfile Corp. - June 19, 2026) - NU E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) ("NUE" or the "Company") is pleased to announce that the management cease trade order (the "MCTO") granted by the Company's principal regulator, the Alberta Securities Commission (the "Commission"), on May 1, 2026, has been revoked. The MCTO did not affect the ability of shareholders to trade their securities.The Company's Board of Directors and management confirm that on June 2, 2026, the Company filed its audited consolidated financial statements and MD&A for the year ended December 31, 2025 (the "Annual Filings"). Separately, the Company's quarterly interim financial report and related MD&A, together with the related interim certificates, for the three-month period ended March 31, 2026 (the "Q1 Interim Report") was filed on June 12, 2026. Copies of the Annual Filings and the Q1 Interim Report are available under the Company's profile on SEDAR+ at www.sedarplus.ca. The Company is no longer listed as being in default on the Commission's reporting issuer default list, and the Company's officers, directors and insiders are no longer prevented from trading in the Company's securities.With the filing of the Annual Filings and the Q1 Interim Report and the revocation of the MCTO, the Company is no longer required to provide bi-weekly status reports under the alternative information guidelines specified in NP 12-203.Contact InformationFor more information, please contact:Broderick Gunning, Chief Executive Officer
E-mail: brodie@nu-energy.caJohn Meekison, Chief Financial Officer
E-mail: john@nu-energy.caForward-Looking InformationThis news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "expects", "may", "will", "continue", and similar expressions, although not all forward-looking information contains these identifying words.More particularly and without limitation, the forward-looking information in this news release includes expectations regarding the Company's continued compliance with its continuous disclosure obligations. Such forward-looking information is based on a number of assumptions, including the Company's ability to satisfy its future filing obligations, which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company.Whether actual results, performance, or achievements will conform to NUE's expectations and predictions is subject to a number of known and unknown risks and uncertainties, which could cause actual results and experience to differ materially from NUE's expectations. Such material risks and uncertainties include, but are not limited to, the risk that the Company may not maintain timely compliance with its continuous disclosure obligations in the future.Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. All forward-looking information in this news release is expressly qualified in its entirety by this cautionary statement.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302204 Original: NU E Power Corp. Announces Revocation of Management Cease Trade Order

Onwards and upwards!

NU E Power Corp. Files 2026 First Quarter ResultsJune 12, 2026 7:22 PM
NewsfileCalgary, Alberta--(Newsfile Corp. - June 12, 2026) - NU E Power Corp. (CSE: NUE) ("NUE" or the "Company") announces that it has filed its unaudited interim condensed consolidated financial statements and management's discussion and analysis ("MD&A") for the first quarter of 2026. The interim filings are available under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.nu-energy.ca.During the first quarter of 2026, the Company completed several important corporate initiatives, including the successful completion of a non-brokered private placement raising gross proceeds of $1.18 million and the rescission and unwind of the Blu Dot transaction, allowing management to focus on advancing its core development opportunities.Q1 2026 Financial HighlightsRevenue of $611,902 for the quarter, compared to $nil in the prior-year period, attributable to Blu Dot (defined below) operations prior to the March 6, 2026 unwindNet income of $4.43 million, compared to a net loss of $646,707 in the prior-year periodCash position of $469,037 as at March 31, 2026Working capital deficiency reduced to $1.19 million from $2.48 million as at December 31, 2025Completed a non-brokered private placement generating gross proceeds of approximately $1.18 millionContinued advancement of the Alberta development portfolio, Darkhan feasibility and permitting initiatives, and evaluation of the XBASE opportunityQ1 Results in ContextNUE's Q1 2026 revenue and cost of sales were attributable to the operations of Blu Dot Systems Inc. ("Blu Dot") during the period prior to the completion of the rescission and unwind of the Blu Dot acquisition on March 6, 2026. During the intervening period, Blu Dot generated gross profit of $97,433 from the sale of switchgear units and contributed net income of $58,767 to the Company's consolidated results.Net income for the quarter was primarily driven by a non-cash, non-recurring accounting gain of $5.56 million associated with the deconsolidation of Blu Dot following completion of the rescission transaction.Management believes the completion of the rescission and unwind simplifies the Company's corporate structure and enables increased focus on advancing its core energy infrastructure development strategy.During Q1 2026, NUE completed a non-brokered private placement for gross proceeds of $1,180,492. Net proceeds were used for general working capital, project development expenses, and acquisition of development rights, as disclosed in the MD&A.Management Commentary"During the quarter, we continued to execute on our strategic transition toward the development of energy infrastructure opportunities intended to position the Company to serve growing industrial and compute-intensive power demand," said Broderick Gunning, Chief Executive Officer. "The successful financing completed during the quarter, combined with the improvement in our working capital position, provides an important foundation as we advance our project portfolio and evaluate additional growth opportunities."- Broderick Gunning, Chief Executive Officer, NU E Power Corp.Additional InformationInvestors are encouraged to review the unaudited interim financial statements and MD&A for Q1 2026 in full. These documents are available under the Company's profile at www.sedarplus.ca and on the Company's website at www.nu-energy.ca.About NU E Power Corp.NU E Power Corp. is an energy infrastructure company focused on the origination, development, and advancement of integrated power and energy park opportunities. The Company emphasizes strategic site positioning, grid access, and disciplined stage-gated project development across selected markets serving compute-intensive and large-load industrial demand.Contact InformationFor more information, please contact:Broderick Gunning, Chief Executive OfficerE-mail: brodie@nu-energy.caJohn Meekison, Chief Financial OfficerE-mail: john@nu-energy.ca Forward-Looking InformationCertain information set forth in this press release contains forward-looking statements that involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Words such as "may", "will", "would", "expect", "intend", "plan", "believe", "target", "subject to", "focus", "continued", "anticipated", "required", "advance", "evaluate", "position", or the negative or other variations of these words, or similar words or phrases, are intended to identify forward-looking statements. Forward-looking statements in this press release include, but are not limited to: management priorities and capital planning; feasibility work and permitting activities; additional financing requirements; regulatory submission timelines; advancement of the development portfolio and project opportunities; evaluation of additional growth opportunities; and positioning to serve compute-intensive and large-load industrial demand. Such statements are not guarantees of future performance. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Readers are cautioned that forward-looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on opinions, assumptions and estimates of management considered reasonable at the date the statements are made.The forward-looking statements are based on a number of material assumptions, including: utility confirmation of capacity and upgrade approvals; availability of additional financing on acceptable terms; successful completion of feasibility studies; ability to advance projects through stage-gated development; continued availability of grid access and suitable sites; continued demand from compute-intensive and large-load power users; and permitting, interconnection and construction proceeding as planned.The Company is subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. Such factors include, among other things: utility approvals or infrastructure upgrades may be delayed or unavailable; additional financing may not be available on acceptable terms; feasibility studies may not support project advancement; development opportunities may not advance to commercialization; anticipated compute-intensive and large-load power demand may not materialize; evaluated growth opportunities may not be pursued or realized; and other risks customary to CSE-listed issuers. Additional risk factors are described in the Company's continuous disclosure documents available on SEDAR+ at www.sedarplus.ca. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301408 Original: NU E Power Corp. Files 2026 First Quarter Results

Would expect to see some buying when the management cease trade order is lifted-should be coming very soon as their filings have been updated.

NU E Power Corp. Provides Third Update on Management Cease Trade OrderJune 8, 2026 5:32 PM
NewsfileCalgary, Alberta--(Newsfile Corp. - June 8, 2026) - NU E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) ("NUE" or the "Company") further to its news releases of April 27, 2026, May 11, 2026, and May 25, 2026, continues to be under a management cease trade order (the "MCTO") granted by the Company's principal regulator, the Alberta Securities Commission (the "Commission"), on May 1, 2026, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203").The MCTO was issued in connection with the Company's failure to file its audited annual consolidated financial statements and related management's discussion and analysis ("MD&A") for the year ended December 31, 2025 (the "Annual Filings") by the required filing deadline of April 30, 2026 (the "Defined Default"). As noted below, the Company filed the Annual Filings on June 2, 2026, curing the Defined Default under the MCTO. The MCTO remains in effect pending revocation by the Commission. The Company anticipates that the MCTO will be revoked following the filing of the Q1 Interim Report (defined below). The MCTO does not affect the ability of shareholders to trade their securities.The Company's Board of Directors and management confirm that on June 2, 2026, the Company filed its audited consolidated financial statements and MD&A for the year ended December 31, 2025, and that such annual filings were announced in its news release on June 3, 2026.Separately, the Company's quarterly interim financial report and related MD&A for Q1 2026 (the "Q1 Interim Report") was due on June 1, 2026. Preparation of the Q1 Interim Report is progressing and nearing completion. The Company is working diligently to complete and file the Q1 Interim Report and anticipates doing so on or before June 12, 2026. There are no ongoing investigations into the events that contributed to the filing delays. The Company confirms that there are no insolvency proceedings against it as of the date of this news release. The Company also confirms that since its press releases dated May 25, 2026 and June 3, 2026, there is no other material information respecting the Company's affairs that has not been generally disclosed.Until the Q1 Interim Report has been filed and the MCTO has been revoked, the Company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing bi-weekly status reports in the form of further press releases.Contact InformationFor more information, please contact:Broderick Gunning, Chief Executive Officer
E-mail: brodie@nu-energy.caJohn Meekison, Chief Financial Officer
E-mail: john@nu-energy.caForward-Looking InformationThis news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "expects", "intends", "plans", "may", "will", "continue", and similar expressions, although not all forward-looking information contains these identifying words.More particularly and without limitation, the forward-looking information in this news release includes: (i) expectations regarding the timing for completion of the filing of the Q1 Interim Report; (ii) expectations regarding revocation of the MCTO; and (iii) the Company's intention to satisfy the alternative information guidelines under National Policy 12-203. Such forward-looking information is based on a number of assumptions which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company.Whether actual results, performance, or achievements will conform to NUE's expectations and predictions is subject to a number of known and unknown risks and uncertainties, which could cause actual results and experience to differ materially from NUE's expectations. Such material risks and uncertainties include, but are not limited to, the risk that completion of the filing of the Q1 Interim Report may be further delayed, the risk that the MCTO may not be revoked when anticipated, and the risk that the Commission may convert the MCTO to a full cease trade order if the Company fails to comply with the alternative information guidelines.Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. All forward-looking information in this news release is expressly qualified in its entirety by this cautionary statement.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300652 Original: NU E Power Corp. Provides Third Update on Management Cease Trade Order

Volume alert = is consistently over 300,000 per day lately and over 500,000 shares traded on most days the past week.

Volume alert = is consistently over 300,000 per day lately and over 500,000 shares traded on most days the past week.

"Nu E Power Corp: Powering the Future with Clean, Sustainable Energy"