NU E Power Corp (NUE)

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"