Clean Energy Transition Inc. Updates on Private Placement and Royalty Rights Offering

Clean Energy Transition Inc., a company focused on generating positive cash flow across the energy transition, has provided an update on its ongoing fundraising efforts. The company announced that it is continuing with its previously announced non-brokered private placement and concurrent royalty rights offering. The financing is expected to be completed within the next two weeks.

The private placement will issue up to 7,500,000 units at a price of $0.04 per unit, while the concurrent royalty rights offering will issue up to 7,500,000 rights at a price of $0.01 per right. Each unit will consist of one common share and one common share purchase warrant. The warrants will allow the holder to purchase one additional share at $0.08 per share for a period of two years from the closing date, subject to the company's option to accelerate the expiry date if the volume-weighted average price of the shares on the TSXV equals or exceeds $0.10 per share for any 10 consecutive trading sessions.

The company's Energy-as-a-Service platform, TranFin, is also part of the fundraising strategy. TranFin provides services to Canadian homeowners and is expected to contribute to the company's financial performance. The company's portfolio includes the Aurora Nickel Project in Ontario, which is being advanced to supply growing North American demand for nickel, and high-quality Silica/Quartz projects at Snow White in Ontario and Silicon Ridge in Québec, which may serve as feedstock for silicon metal used in solar energy systems and advanced manufacturing.

Clean Energy Transition Inc. has received conditional acceptance for the financing from the TSX Venture Exchange, but final closing remains subject to final approval. The company has also received approval for three minor amendments to the Royalty Right Certificate, which clarify the pro rata denominator, provide for the carry forward of negative Cash Flow for Distribution (CFD), and preserve flexibility to sell, transfer, refinance, securitize, or reorganize the Pilot Portfolio. All other terms of the financing remain unchanged from the previously announced details.

The company's focus on generating positive cash flow through its diverse portfolio of assets and services underscores its commitment to sustainable growth. Clean Energy Transition Inc. continues to explore additional opportunities across the energy transition, with TranFin serving as a key component of its strategy.