Tag: GlobeNewswire

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Oct. 06, 2026 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (the “Company” or “NowVertical“) is pleased to announce the appointment of Andre Garber as Chief Executive Officer of the Company, following his appointment as Interim Chief Executive Officer in June 2026. The Company is also pleased to announce that it engaged Clarus Securities Inc. as sole agent and bookrunner (the “Agent“), in connection with a “best efforts” brokered private placement for aggregate gross proceeds of up to $15,100,000 (the “Offering”).

After conducting an executive search and assessing Mr. Garber’s past performance and contributions as Interim Chief Executive Officer and his in depth knowledge of the Company’s business and operations having previously served as the Company’s Chief Development Officer, the board of directors of the Company determined that Mr. Garber is the right person to serve as Chief Executive Officer and is uniquely positioned to lead the Company going forward.

In addition, the Company has engaged the Agent in connection with the Offering pursuant to which the Company will offer for sale up to (i) 42,500,000 units of the Company (each, a “Unit“), at a price of $0.12 per Unit, for gross proceeds of up to $5,100,000, and (ii) 10,000 convertible debenture units of the Company (the “Convertible Debenture Units“) for gross proceeds of up to $10,000,000.

VRG Capital, a Toronto-based group of family offices, will form the lead investors in the Offering.

Elaine Kunda, Chair of NowVertical commented “When the Board considered NowVertical’s capital needs for its next stage of growth, we were focused on finding long-term investors who could bring both capital and experience. VRG Capital and its associates have a strong track record of investing in and supporting growing companies, together with the long-term perspective we were looking for. This financing gives NowVertical greater capacity to invest in the business, and we are pleased to welcome Kingsley Ward and his team as investors in the Company’s next chapter.”

“Having VRG Capital lead this financing is a tremendous vote of confidence in NowVertical and in the direction we have set. VRG’s track record of building and backing strong companies speaks for itself, and we greatly appreciate the support of our vision shown by Kingsley Ward and his experienced team. We are excited about what this transaction could unlock for the Company and its shareholders,” said Andre Garber, Chief Executive Officer of NowVertical.

“For more than forty years, VRG Capital has backed strong operators and supported them in building successful businesses. NowVertical is exactly the kind of opportunity we look for, led by exactly the kind of management team we look to back. Leading this financing reflects our confidence in Andre, his team, and their strategy. We look forward to standing behind this exceptional team for the long-term,” said Kingsley Ward of VRG Capital.

Each Unit will be comprised of one Class A Subordinate Voting Share in the capital of the Company (each, a “Common Share“) and one half of one Common Share purchase warrant (each whole warrant, a “Unit Warrant“). Each Unit Warrant will entitle the holder to acquire one (1) Common Share at a price of $0.20 for 24 months following the Closing Date (as defined below).

Each Convertible Debenture Unit will be comprised of $1,000 principal amount of 10% senior unsecured convertible debentures (the “Convertible Debentures“) of the Company and 2,500 Common Share purchase warrants (each, a “Debenture Warrant“). The Convertible Debentures shall mature on the date that is 36 months following the Closing Date and shall be convertible into Common Shares, at the holders’ option, at a price of $0.20 per Common Share. Each Debenture Warrant will entitle the holder to acquire one (1) Common Share at a price of $0.25 for 36 months following the Closing Date. The Company shall have the right to satisfy the payment of interest payable either in cash or Common Shares at a price equal to the Market Price (as defined under the policies of the TSX Venture Exchange (the “TSXV“)) as at the date the interest becomes due and payable, or the market price of the Common Shares on any other Canadian stock exchange on which the Common Shares are principally traded, prior to maturity.
The Company intends to use the net proceeds of the Offering to strengthen its balance sheet, support the execution of its growth strategy and for working capital and general corporate purposes.
The Offering will be offered to purchasers in all the provinces of Canada pursuant to the prospectus exemptions available under National Instrument 45-106 – Prospectus Exemptions.

In consideration for the Agent’s services, the Company will pay to the Agent a cash commission equal to 5.0% of the gross proceeds from the sale of the Units, except for sales to purchasers on a president’s list (the “President’s List”) of up to $1,000,000 on which the Company will pay a reduced cash commission of 2.5% of the gross proceeds received from those persons on the President’s List, all of which shall be payable upon the closing of the Offering. As additional compensation, the Company will issue to the Agent non-transferable broker warrants (the “Broker Warrants”) equal to 7.0% of the number of Units sold except those sold to the President’s List, pursuant to the Offering. Each Broker Warrant shall be exercisable to acquire one Unit at a price of $0.12 per Unit for a period of 24 months from the Closing Date. The Company shall pay to the Agent a commission equal to 5.0% of the gross proceeds from the sale of the Convertible Debenture Units.

Closing of the Offering is expected to take place on or about October 15, 2026 (the “Closing Date“), and is subject to certain conditions including, but not limited to, all necessary approvals of the TSXV. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the Closing Date.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws. No securities may be offered or sold to, or for the account or benefit of persons in the United States or to any U.S. persons or in any other jurisdiction in which such offer or sale would be unlawful absent registration under the U.S. Securities Act, and any applicable state securities laws or an exemption therefrom or qualification under the securities laws of such other jurisdiction or an exemption therefrom. “United States” and “U.S. persons” shall have the meaning given to them in Regulation S under the U.S. Securities Act.

About NowVertical Group Inc.

NowVertical is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services, the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-infused first-party and third-party technologies. The Company’s scalable AI-infused delivery model enables the business to efficiently deliver data, analytics and AI solutions and services across industries and geographies.

Cautionary Statements

This news release may contain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws which reflect the Company’s current expectations regarding future events. All statements in this news release that are not purely historical statements of fact are forward-looking statements, including statements with respect to the Offering, including the intended use of proceeds, the expected Closing Date, and the approval of the TSXV with respect to the Offering and the Company’s future business plans. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements in this new release are based on various assumptions, including that the TSXV will approve the Offering, assumptions with respect to the closing of the Offering and that the risk factors referred to below, collectively, do not have a material impact on the Company’s business, operations, revenues and/or results. Forward-looking statements are often, but not always, identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements. Such risks include, but are not limited to, that the Offering will not close on the anticipated timeline or at all on the anticipated terms; delays in obtaining TSXV approval for the Offering; risks related to the global economic, market and business conditions; governmental and regulatory requirements and actions by governmental and quasi-governmental authorities; risks related to artificial intelligence (AI) and those risks discussed under the heading “Risks and Uncertainties” in the Company’s most recent Management’s Discussion and Analysis and its other disclosure documents filed on its SEDAR+ profile at www.sedarplus.com. Forward-looking statements are provided for the purpose of providing information about management’s expectations, beliefs and plans relating to the future and are not guarantees of future performance and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

All of the forward-looking statements contained in this news release are qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that the Company anticipates will be realized or, even if substantially realized, that they will have the expected consequences or effects on the Company’s business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking statements contained herein are provided as of the date hereof, and the Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

Further Information
For further details about NowVertical, please visit www.nowvertical.com or contact:

NowVertical Group Inc. Andre Garber Chief Executive Officer Telephone: 647-947-0223 Email: IR@nowvertical.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Oct. 06, 2026 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (the “Company” or “NowVertical“) is pleased to announce the appointment of Andre Garber as Chief Executive Officer of the Company, following his appointment as Interim Chief Executive Officer in June 2026. The Company is also pleased to announce that it engaged Clarus Securities Inc. as sole agent and bookrunner (the “Agent“), in connection with a “best efforts” brokered private placement for aggregate gross proceeds of up to $15,100,000 (the “Offering”).

After conducting an executive search and assessing Mr. Garber’s past performance and contributions as Interim Chief Executive Officer and his in depth knowledge of the Company’s business and operations having previously served as the Company’s Chief Development Officer, the board of directors of the Company determined that Mr. Garber is the right person to serve as Chief Executive Officer and is uniquely positioned to lead the Company going forward.

In addition, the Company has engaged the Agent in connection with the Offering pursuant to which the Company will offer for sale up to (i) 42,500,000 units of the Company (each, a “Unit“), at a price of $0.12 per Unit, for gross proceeds of up to $5,100,000, and (ii) 10,000 convertible debenture units of the Company (the “Convertible Debenture Units“) for gross proceeds of up to $10,000,000.

VRG Capital, a Toronto-based group of family offices, will form the lead investors in the Offering.

Elaine Kunda, Chair of NowVertical commented “When the Board considered NowVertical’s capital needs for its next stage of growth, we were focused on finding long-term investors who could bring both capital and experience. VRG Capital and its associates have a strong track record of investing in and supporting growing companies, together with the long-term perspective we were looking for. This financing gives NowVertical greater capacity to invest in the business, and we are pleased to welcome Kingsley Ward and his team as investors in the Company’s next chapter.”

“Having VRG Capital lead this financing is a tremendous vote of confidence in NowVertical and in the direction we have set. VRG’s track record of building and backing strong companies speaks for itself, and we greatly appreciate the support of our vision shown by Kingsley Ward and his experienced team. We are excited about what this transaction could unlock for the Company and its shareholders,” said Andre Garber, Chief Executive Officer of NowVertical.

“For more than forty years, VRG Capital has backed strong operators and supported them in building successful businesses. NowVertical is exactly the kind of opportunity we look for, led by exactly the kind of management team we look to back. Leading this financing reflects our confidence in Andre, his team, and their strategy. We look forward to standing behind this exceptional team for the long-term,” said Kingsley Ward of VRG Capital.

Each Unit will be comprised of one Class A Subordinate Voting Share in the capital of the Company (each, a “Common Share“) and one half of one Common Share purchase warrant (each whole warrant, a “Unit Warrant“). Each Unit Warrant will entitle the holder to acquire one (1) Common Share at a price of $0.20 for 24 months following the Closing Date (as defined below).

Each Convertible Debenture Unit will be comprised of $1,000 principal amount of 10% senior unsecured convertible debentures (the “Convertible Debentures“) of the Company and 2,500 Common Share purchase warrants (each, a “Debenture Warrant“). The Convertible Debentures shall mature on the date that is 36 months following the Closing Date and shall be convertible into Common Shares, at the holders’ option, at a price of $0.20 per Common Share. Each Debenture Warrant will entitle the holder to acquire one (1) Common Share at a price of $0.25 for 36 months following the Closing Date. The Company shall have the right to satisfy the payment of interest payable either in cash or Common Shares at a price equal to the Market Price (as defined under the policies of the TSX Venture Exchange (the “TSXV“)) as at the date the interest becomes due and payable, or the market price of the Common Shares on any other Canadian stock exchange on which the Common Shares are principally traded, prior to maturity.
The Company intends to use the net proceeds of the Offering to strengthen its balance sheet, support the execution of its growth strategy and for working capital and general corporate purposes.
The Offering will be offered to purchasers in all the provinces of Canada pursuant to the prospectus exemptions available under National Instrument 45-106 – Prospectus Exemptions.

In consideration for the Agent’s services, the Company will pay to the Agent a cash commission equal to 5.0% of the gross proceeds from the sale of the Units, except for sales to purchasers on a president’s list (the “President’s List”) of up to $1,000,000 on which the Company will pay a reduced cash commission of 2.5% of the gross proceeds received from those persons on the President’s List, all of which shall be payable upon the closing of the Offering. As additional compensation, the Company will issue to the Agent non-transferable broker warrants (the “Broker Warrants”) equal to 7.0% of the number of Units sold except those sold to the President’s List, pursuant to the Offering. Each Broker Warrant shall be exercisable to acquire one Unit at a price of $0.12 per Unit for a period of 24 months from the Closing Date. The Company shall pay to the Agent a commission equal to 5.0% of the gross proceeds from the sale of the Convertible Debenture Units.

Closing of the Offering is expected to take place on or about October 15, 2026 (the “Closing Date“), and is subject to certain conditions including, but not limited to, all necessary approvals of the TSXV. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the Closing Date.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws. No securities may be offered or sold to, or for the account or benefit of persons in the United States or to any U.S. persons or in any other jurisdiction in which such offer or sale would be unlawful absent registration under the U.S. Securities Act, and any applicable state securities laws or an exemption therefrom or qualification under the securities laws of such other jurisdiction or an exemption therefrom. “United States” and “U.S. persons” shall have the meaning given to them in Regulation S under the U.S. Securities Act.

About NowVertical Group Inc.

NowVertical is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services, the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-infused first-party and third-party technologies. The Company’s scalable AI-infused delivery model enables the business to efficiently deliver data, analytics and AI solutions and services across industries and geographies.

Cautionary Statements

This news release may contain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws which reflect the Company’s current expectations regarding future events. All statements in this news release that are not purely historical statements of fact are forward-looking statements, including statements with respect to the Offering, including the intended use of proceeds, the expected Closing Date, and the approval of the TSXV with respect to the Offering and the Company’s future business plans. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements in this new release are based on various assumptions, including that the TSXV will approve the Offering, assumptions with respect to the closing of the Offering and that the risk factors referred to below, collectively, do not have a material impact on the Company’s business, operations, revenues and/or results. Forward-looking statements are often, but not always, identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements. Such risks include, but are not limited to, that the Offering will not close on the anticipated timeline or at all on the anticipated terms; delays in obtaining TSXV approval for the Offering; risks related to the global economic, market and business conditions; governmental and regulatory requirements and actions by governmental and quasi-governmental authorities; risks related to artificial intelligence (AI) and those risks discussed under the heading “Risks and Uncertainties” in the Company’s most recent Management’s Discussion and Analysis and its other disclosure documents filed on its SEDAR+ profile at www.sedarplus.com. Forward-looking statements are provided for the purpose of providing information about management’s expectations, beliefs and plans relating to the future and are not guarantees of future performance and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

All of the forward-looking statements contained in this news release are qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that the Company anticipates will be realized or, even if substantially realized, that they will have the expected consequences or effects on the Company’s business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking statements contained herein are provided as of the date hereof, and the Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

Further Information
For further details about NowVertical, please visit www.nowvertical.com or contact:

NowVertical Group Inc. Andre Garber Chief Executive Officer Telephone: 647-947-0223 Email: IR@nowvertical.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Oct. 06, 2026 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (the “Company” or “NowVertical“) is pleased to announce the appointment of Andre Garber as Chief Executive Officer of the Company, following his appointment as Interim Chief Executive Officer in June 2026. The Company is also pleased to announce that it engaged Clarus Securities Inc. as sole agent and bookrunner (the “Agent“), in connection with a “best efforts” brokered private placement for aggregate gross proceeds of up to $15,100,000 (the “Offering”).

After conducting an executive search and assessing Mr. Garber’s past performance and contributions as Interim Chief Executive Officer and his in depth knowledge of the Company’s business and operations having previously served as the Company’s Chief Development Officer, the board of directors of the Company determined that Mr. Garber is the right person to serve as Chief Executive Officer and is uniquely positioned to lead the Company going forward.

In addition, the Company has engaged the Agent in connection with the Offering pursuant to which the Company will offer for sale up to (i) 42,500,000 units of the Company (each, a “Unit“), at a price of $0.12 per Unit, for gross proceeds of up to $5,100,000, and (ii) 10,000 convertible debenture units of the Company (the “Convertible Debenture Units“) for gross proceeds of up to $10,000,000.

VRG Capital, a Toronto-based group of family offices, will form the lead investors in the Offering.

Elaine Kunda, Chair of NowVertical commented “When the Board considered NowVertical’s capital needs for its next stage of growth, we were focused on finding long-term investors who could bring both capital and experience. VRG Capital and its associates have a strong track record of investing in and supporting growing companies, together with the long-term perspective we were looking for. This financing gives NowVertical greater capacity to invest in the business, and we are pleased to welcome Kingsley Ward and his team as investors in the Company’s next chapter.”

“Having VRG Capital lead this financing is a tremendous vote of confidence in NowVertical and in the direction we have set. VRG’s track record of building and backing strong companies speaks for itself, and we greatly appreciate the support of our vision shown by Kingsley Ward and his experienced team. We are excited about what this transaction could unlock for the Company and its shareholders,” said Andre Garber, Chief Executive Officer of NowVertical.

“For more than forty years, VRG Capital has backed strong operators and supported them in building successful businesses. NowVertical is exactly the kind of opportunity we look for, led by exactly the kind of management team we look to back. Leading this financing reflects our confidence in Andre, his team, and their strategy. We look forward to standing behind this exceptional team for the long-term,” said Kingsley Ward of VRG Capital.

Each Unit will be comprised of one Class A Subordinate Voting Share in the capital of the Company (each, a “Common Share“) and one half of one Common Share purchase warrant (each whole warrant, a “Unit Warrant“). Each Unit Warrant will entitle the holder to acquire one (1) Common Share at a price of $0.20 for 24 months following the Closing Date (as defined below).

Each Convertible Debenture Unit will be comprised of $1,000 principal amount of 10% senior unsecured convertible debentures (the “Convertible Debentures“) of the Company and 2,500 Common Share purchase warrants (each, a “Debenture Warrant“). The Convertible Debentures shall mature on the date that is 36 months following the Closing Date and shall be convertible into Common Shares, at the holders’ option, at a price of $0.20 per Common Share. Each Debenture Warrant will entitle the holder to acquire one (1) Common Share at a price of $0.25 for 36 months following the Closing Date. The Company shall have the right to satisfy the payment of interest payable either in cash or Common Shares at a price equal to the Market Price (as defined under the policies of the TSX Venture Exchange (the “TSXV“)) as at the date the interest becomes due and payable, or the market price of the Common Shares on any other Canadian stock exchange on which the Common Shares are principally traded, prior to maturity.
The Company intends to use the net proceeds of the Offering to strengthen its balance sheet, support the execution of its growth strategy and for working capital and general corporate purposes.
The Offering will be offered to purchasers in all the provinces of Canada pursuant to the prospectus exemptions available under National Instrument 45-106 – Prospectus Exemptions.

In consideration for the Agent’s services, the Company will pay to the Agent a cash commission equal to 5.0% of the gross proceeds from the sale of the Units, except for sales to purchasers on a president’s list (the “President’s List”) of up to $1,000,000 on which the Company will pay a reduced cash commission of 2.5% of the gross proceeds received from those persons on the President’s List, all of which shall be payable upon the closing of the Offering. As additional compensation, the Company will issue to the Agent non-transferable broker warrants (the “Broker Warrants”) equal to 7.0% of the number of Units sold except those sold to the President’s List, pursuant to the Offering. Each Broker Warrant shall be exercisable to acquire one Unit at a price of $0.12 per Unit for a period of 24 months from the Closing Date. The Company shall pay to the Agent a commission equal to 5.0% of the gross proceeds from the sale of the Convertible Debenture Units.

Closing of the Offering is expected to take place on or about October 15, 2026 (the “Closing Date“), and is subject to certain conditions including, but not limited to, all necessary approvals of the TSXV. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the Closing Date.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws. No securities may be offered or sold to, or for the account or benefit of persons in the United States or to any U.S. persons or in any other jurisdiction in which such offer or sale would be unlawful absent registration under the U.S. Securities Act, and any applicable state securities laws or an exemption therefrom or qualification under the securities laws of such other jurisdiction or an exemption therefrom. “United States” and “U.S. persons” shall have the meaning given to them in Regulation S under the U.S. Securities Act.

About NowVertical Group Inc.

NowVertical is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services, the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-infused first-party and third-party technologies. The Company’s scalable AI-infused delivery model enables the business to efficiently deliver data, analytics and AI solutions and services across industries and geographies.

Cautionary Statements

This news release may contain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws which reflect the Company’s current expectations regarding future events. All statements in this news release that are not purely historical statements of fact are forward-looking statements, including statements with respect to the Offering, including the intended use of proceeds, the expected Closing Date, and the approval of the TSXV with respect to the Offering and the Company’s future business plans. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements in this new release are based on various assumptions, including that the TSXV will approve the Offering, assumptions with respect to the closing of the Offering and that the risk factors referred to below, collectively, do not have a material impact on the Company’s business, operations, revenues and/or results. Forward-looking statements are often, but not always, identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements. Such risks include, but are not limited to, that the Offering will not close on the anticipated timeline or at all on the anticipated terms; delays in obtaining TSXV approval for the Offering; risks related to the global economic, market and business conditions; governmental and regulatory requirements and actions by governmental and quasi-governmental authorities; risks related to artificial intelligence (AI) and those risks discussed under the heading “Risks and Uncertainties” in the Company’s most recent Management’s Discussion and Analysis and its other disclosure documents filed on its SEDAR+ profile at www.sedarplus.com. Forward-looking statements are provided for the purpose of providing information about management’s expectations, beliefs and plans relating to the future and are not guarantees of future performance and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

All of the forward-looking statements contained in this news release are qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that the Company anticipates will be realized or, even if substantially realized, that they will have the expected consequences or effects on the Company’s business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking statements contained herein are provided as of the date hereof, and the Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

Further Information
For further details about NowVertical, please visit www.nowvertical.com or contact:

NowVertical Group Inc. Andre Garber Chief Executive Officer Telephone: 647-947-0223 Email: IR@nowvertical.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

COLUMBUS, Ohio, Oct. 06, 2026 (GLOBE NEWSWIRE) — Bread Financial^® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions will host a conference call on Thursday, Oct. 22, 2026, at 8:30 a.m. ET to discuss the company’s third quarter 2026 results.

Conference Call/Webcast Information
Participants can register in advance here, and the conference call will be available at the company’s investor relations website. Analysts planning to participate in the Q&A can register in advance here. Additionally, there will be several slides accompanying the webcast. Please go to the website at least 15 minutes prior to the call to register, as well as download and install any necessary software. The webcast will also be archived on the investor relations website.

About Bread Financial^® 
Bread Financial^® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions deliver growth for some of the most recognized brands in travel & entertainment, specialty apparel, health & beauty, jewelry, sporting goods, technology and electronics, as well as home & furniture through our co-brand and private label credit cards and pay-over-time products providing choice and value to our shared customers. Additionally, we offer Bread Financial general purpose credit cards and saving products that empower our customers and their passions for a better life.​ 

Bread Financial proudly marks 30 years of success in 2026. To learn more about our global associates, our performance and our sustainability progress, visit breadfinancial.com or follow us on Instagram and LinkedIn.

Contacts
Brian Vereb — Investor Relations
Brian.Vereb@breadfinancial.com

Susan Haugen – Investor Relations
Susan.Haugen@breadfinancial.com

Rachel Stultz — Media
Rachel.Stultz@breadfinancial.com  

COLUMBUS, Ohio, Oct. 06, 2026 (GLOBE NEWSWIRE) — Bread Financial^® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions will host a conference call on Thursday, Oct. 22, 2026, at 8:30 a.m. ET to discuss the company’s third quarter 2026 results.

Conference Call/Webcast Information
Participants can register in advance here, and the conference call will be available at the company’s investor relations website. Analysts planning to participate in the Q&A can register in advance here. Additionally, there will be several slides accompanying the webcast. Please go to the website at least 15 minutes prior to the call to register, as well as download and install any necessary software. The webcast will also be archived on the investor relations website.

About Bread Financial^® 
Bread Financial^® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions deliver growth for some of the most recognized brands in travel & entertainment, specialty apparel, health & beauty, jewelry, sporting goods, technology and electronics, as well as home & furniture through our co-brand and private label credit cards and pay-over-time products providing choice and value to our shared customers. Additionally, we offer Bread Financial general purpose credit cards and saving products that empower our customers and their passions for a better life.​ 

Bread Financial proudly marks 30 years of success in 2026. To learn more about our global associates, our performance and our sustainability progress, visit breadfinancial.com or follow us on Instagram and LinkedIn.

Contacts
Brian Vereb — Investor Relations
Brian.Vereb@breadfinancial.com

Susan Haugen – Investor Relations
Susan.Haugen@breadfinancial.com

Rachel Stultz — Media
Rachel.Stultz@breadfinancial.com  

COLUMBUS, Ohio, Oct. 06, 2026 (GLOBE NEWSWIRE) — Bread Financial^® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions will host a conference call on Thursday, Oct. 22, 2026, at 8:30 a.m. ET to discuss the company’s third quarter 2026 results.

Conference Call/Webcast Information
Participants can register in advance here, and the conference call will be available at the company’s investor relations website. Analysts planning to participate in the Q&A can register in advance here. Additionally, there will be several slides accompanying the webcast. Please go to the website at least 15 minutes prior to the call to register, as well as download and install any necessary software. The webcast will also be archived on the investor relations website.

About Bread Financial^® 
Bread Financial^® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions deliver growth for some of the most recognized brands in travel & entertainment, specialty apparel, health & beauty, jewelry, sporting goods, technology and electronics, as well as home & furniture through our co-brand and private label credit cards and pay-over-time products providing choice and value to our shared customers. Additionally, we offer Bread Financial general purpose credit cards and saving products that empower our customers and their passions for a better life.​ 

Bread Financial proudly marks 30 years of success in 2026. To learn more about our global associates, our performance and our sustainability progress, visit breadfinancial.com or follow us on Instagram and LinkedIn.

Contacts
Brian Vereb — Investor Relations
Brian.Vereb@breadfinancial.com

Susan Haugen – Investor Relations
Susan.Haugen@breadfinancial.com

Rachel Stultz — Media
Rachel.Stultz@breadfinancial.com  

DES PLAINES, Ill., Oct. 06, 2026 (GLOBE NEWSWIRE) — (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading manufacturer of buses and motorcoaches and a provider of comprehensive aftermarket parts and service solutions, subsidiary Motor Coach Industries (MCI), today announced that New York City Transit (NYCT) has awarded a contract for 92 MCI D45 CRT commuter coaches.

Supported by state, local, and Metropolitan Transportation Authority (MTA) funding, the new coaches will replace aging vehicles operating on express bus routes, helping deliver comfortable, efficient transportation for customers. The order has been added to NFI’s third quarter 2026 backlog.

The MCI D45 CRT is purpose-built for high-capacity commuter and express operations, combining passenger comfort with the durability and performance transit agencies expect from MCI coaches.

“New York City Transit plays a vital role in connecting communities of the world’s largest and most dynamic metropolitan regions,” said Rob Marion, President, MCI. “We are proud to continue our longstanding partnership with NYCT and the broader MTA family by delivering high-quality commuter coaches that will enhance the customer experience and support consistent express bus service for riders. This investment reflects NYCT’s continued commitment to modernizing its fleet and providing safe, comfortable transportation for the millions of riders who depend on public transit every day.”

NYCT is a part of the MTA, which operates North America’s largest transportation network. The MTA oversees the nation’s largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined, serving a population of 15.3 million across 5,000 square miles in New York City, Long Island, southeastern New York State, and Connecticut.

About NFI

NFI is a leading global bus and motorcoach manufacturer and a provider of aftermarket parts and service solutions. With more than 9,000 team members across ten countries and operations spanning over 40 facilities, NFI delivers a comprehensive portfolio of bus and coach platforms.

Through its brands New Flyer^® (heavy-duty transit buses), MCI^® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC^® (low-floor cutaway and medium-duty buses), and NFI Parts™, NFI supports a diverse and extensive portfolio, serving public transit, commuter, and coach markets. In total, NFI supports an installed base of more than 100,000 buses and coaches worldwide. NFI offers a broad range of propulsion systems, including zero-emission electric (referring to propulsion systems that do not utilize internal combustion engines, such as trolley, battery, and fuel cell), natural gas, electric hybrid, and advanced diesel technologies, providing agencies with multiple fleet technology options. NFI’s common shares trade on the Toronto Stock Exchange (TSX: NFI) and its convertible unsecured debentures trade under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.

About MCI

MCI is North America’s leading manufacturer of public and private market motorcoaches. Products include the luxury J Series (an industry best-seller for more than two decades) and the workhorse D Series. MCI also provides maintenance, repair, 24-hour roadside assistance, parts, and technician training through the industry’s only Automotive Service Excellence (ASE) accredited and award-winning MCI Academy.

Forward-Looking Statements

This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions (including as a result of tariffs and other trade measures) and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services (including as a result of recent U.S. policy developments); customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca.  

Due to the potential impact of these factors, NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. 

For media inquiries, please contact: 
Melissa Schnee 
P: 385.910.6861 
Melissa_Schnee@newflyer.com 

For investor inquiries, please contact: 
Stephen King 
P: 204.792.1300 
Stephen.King@nfigroup.com 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a2cd546-f090-44f5-b72f-6c5fbcb8a0e4

DES PLAINES, Ill., Oct. 06, 2026 (GLOBE NEWSWIRE) — (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading manufacturer of buses and motorcoaches and a provider of comprehensive aftermarket parts and service solutions, subsidiary Motor Coach Industries (MCI), today announced that New York City Transit (NYCT) has awarded a contract for 92 MCI D45 CRT commuter coaches.

Supported by state, local, and Metropolitan Transportation Authority (MTA) funding, the new coaches will replace aging vehicles operating on express bus routes, helping deliver comfortable, efficient transportation for customers. The order has been added to NFI’s third quarter 2026 backlog.

The MCI D45 CRT is purpose-built for high-capacity commuter and express operations, combining passenger comfort with the durability and performance transit agencies expect from MCI coaches.

“New York City Transit plays a vital role in connecting communities of the world’s largest and most dynamic metropolitan regions,” said Rob Marion, President, MCI. “We are proud to continue our longstanding partnership with NYCT and the broader MTA family by delivering high-quality commuter coaches that will enhance the customer experience and support consistent express bus service for riders. This investment reflects NYCT’s continued commitment to modernizing its fleet and providing safe, comfortable transportation for the millions of riders who depend on public transit every day.”

NYCT is a part of the MTA, which operates North America’s largest transportation network. The MTA oversees the nation’s largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined, serving a population of 15.3 million across 5,000 square miles in New York City, Long Island, southeastern New York State, and Connecticut.

About NFI

NFI is a leading global bus and motorcoach manufacturer and a provider of aftermarket parts and service solutions. With more than 9,000 team members across ten countries and operations spanning over 40 facilities, NFI delivers a comprehensive portfolio of bus and coach platforms.

Through its brands New Flyer^® (heavy-duty transit buses), MCI^® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC^® (low-floor cutaway and medium-duty buses), and NFI Parts™, NFI supports a diverse and extensive portfolio, serving public transit, commuter, and coach markets. In total, NFI supports an installed base of more than 100,000 buses and coaches worldwide. NFI offers a broad range of propulsion systems, including zero-emission electric (referring to propulsion systems that do not utilize internal combustion engines, such as trolley, battery, and fuel cell), natural gas, electric hybrid, and advanced diesel technologies, providing agencies with multiple fleet technology options. NFI’s common shares trade on the Toronto Stock Exchange (TSX: NFI) and its convertible unsecured debentures trade under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.

About MCI

MCI is North America’s leading manufacturer of public and private market motorcoaches. Products include the luxury J Series (an industry best-seller for more than two decades) and the workhorse D Series. MCI also provides maintenance, repair, 24-hour roadside assistance, parts, and technician training through the industry’s only Automotive Service Excellence (ASE) accredited and award-winning MCI Academy.

Forward-Looking Statements

This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions (including as a result of tariffs and other trade measures) and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services (including as a result of recent U.S. policy developments); customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca.  

Due to the potential impact of these factors, NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. 

For media inquiries, please contact: 
Melissa Schnee 
P: 385.910.6861 
Melissa_Schnee@newflyer.com 

For investor inquiries, please contact: 
Stephen King 
P: 204.792.1300 
Stephen.King@nfigroup.com 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a2cd546-f090-44f5-b72f-6c5fbcb8a0e4

DES PLAINES, Ill., Oct. 06, 2026 (GLOBE NEWSWIRE) — (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading manufacturer of buses and motorcoaches and a provider of comprehensive aftermarket parts and service solutions, subsidiary Motor Coach Industries (MCI), today announced that New York City Transit (NYCT) has awarded a contract for 92 MCI D45 CRT commuter coaches.

Supported by state, local, and Metropolitan Transportation Authority (MTA) funding, the new coaches will replace aging vehicles operating on express bus routes, helping deliver comfortable, efficient transportation for customers. The order has been added to NFI’s third quarter 2026 backlog.

The MCI D45 CRT is purpose-built for high-capacity commuter and express operations, combining passenger comfort with the durability and performance transit agencies expect from MCI coaches.

“New York City Transit plays a vital role in connecting communities of the world’s largest and most dynamic metropolitan regions,” said Rob Marion, President, MCI. “We are proud to continue our longstanding partnership with NYCT and the broader MTA family by delivering high-quality commuter coaches that will enhance the customer experience and support consistent express bus service for riders. This investment reflects NYCT’s continued commitment to modernizing its fleet and providing safe, comfortable transportation for the millions of riders who depend on public transit every day.”

NYCT is a part of the MTA, which operates North America’s largest transportation network. The MTA oversees the nation’s largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined, serving a population of 15.3 million across 5,000 square miles in New York City, Long Island, southeastern New York State, and Connecticut.

About NFI

NFI is a leading global bus and motorcoach manufacturer and a provider of aftermarket parts and service solutions. With more than 9,000 team members across ten countries and operations spanning over 40 facilities, NFI delivers a comprehensive portfolio of bus and coach platforms.

Through its brands New Flyer^® (heavy-duty transit buses), MCI^® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC^® (low-floor cutaway and medium-duty buses), and NFI Parts™, NFI supports a diverse and extensive portfolio, serving public transit, commuter, and coach markets. In total, NFI supports an installed base of more than 100,000 buses and coaches worldwide. NFI offers a broad range of propulsion systems, including zero-emission electric (referring to propulsion systems that do not utilize internal combustion engines, such as trolley, battery, and fuel cell), natural gas, electric hybrid, and advanced diesel technologies, providing agencies with multiple fleet technology options. NFI’s common shares trade on the Toronto Stock Exchange (TSX: NFI) and its convertible unsecured debentures trade under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.

About MCI

MCI is North America’s leading manufacturer of public and private market motorcoaches. Products include the luxury J Series (an industry best-seller for more than two decades) and the workhorse D Series. MCI also provides maintenance, repair, 24-hour roadside assistance, parts, and technician training through the industry’s only Automotive Service Excellence (ASE) accredited and award-winning MCI Academy.

Forward-Looking Statements

This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions (including as a result of tariffs and other trade measures) and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services (including as a result of recent U.S. policy developments); customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca.  

Due to the potential impact of these factors, NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. 

For media inquiries, please contact: 
Melissa Schnee 
P: 385.910.6861 
Melissa_Schnee@newflyer.com 

For investor inquiries, please contact: 
Stephen King 
P: 204.792.1300 
Stephen.King@nfigroup.com 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a2cd546-f090-44f5-b72f-6c5fbcb8a0e4

Highlights

• High-Grade^** Uranium at Surface: A prospecting, mapping, and geochemical sampling program is planned for October 2026 to expand on newly identified and historical uranium-bearing outcrops including the Manhattan showing (1.19 to 8.10% U₃O₈)² and SMDI showing 2052 (0.137% U₃O₈ and 2,300 ppm Th).³
• Integration with Drilling Results: The results of the inaugural drill program on the Project clearly outlined a robust multi-kilometre uranium-bearing mineralized system across the Manhattan, Brooklyn, and Tribeca target areas. Drilling confirmed the presence of significant fault systems linked to uranium enrichment and prospective hydrothermal alteration in the basement rock, which will be further investigated in detail at surface during the Program.
• Follow Up Targets & Next Steps: Following the integration of additional surface exploration results with drilling and geophysical datasets, a second phase drilling program is being planned to continue testing along strike of mineralized drill holes in addition to priority regional drill targets. Several priority uranium targets remain along >25 km of structural strike length.

VANCOUVER, British Columbia, Oct. 06, 2026 (GLOBE NEWSWIRE) — Aventis Energy Inc. (“Aventis” or the “Company”) (CSE: AVE | FRA: C0O0 | OTC: VBAMF) is pleased to announce plans for additional ground exploration at the Corvo Uranium Project (“Corvo”, or the “Project”), currently under a three-year earn-in option agreement (the “Option Agreement”) with Standard Uranium Ltd. (TSX-V: STND) (“Standard”). Exploration crews are scheduled to mobilize to site on October 1, 2026, to begin a detailed mapping and sampling program (the “Program”) across historical uranium showings and newly identified zones of interest.

The fall 2026 Program will focus on prospective areas around and along strike of successful drilling results from the winter 2026 drill campaign. Analytical results from the Company’s first-ever drill campaign at Corvo confirmed anomalous^* uranium in all nine (9) completed drill holes. Results returned a total of fifty-five (55) metres of weakly anomalous uranium (>10 ppm U, partial), including twenty-three (23) metres of moderately anomalous uranium (>50 ppm U, partial), and including thirteen (13) metres of highly anomalous uranium (>100 ppm U, partial).¹

Michael Mulberry, Chief Executive Officer & Director of Aventis, commented, “The fall program is the natural next step following the success of our inaugural drill campaign at Corvo. With crews returning to the ground in October, we have the opportunity to tie detailed mapping and sampling directly to the structures, alteration and uranium enrichment identified in drilling, and to expand on high-grade surface showings such as Manhattan. Combined with the ongoing geophysical work, this will sharpen our drill targets ahead of the second phase of drilling planned for 2027, and we look forward to continuing to advance the Project alongside Standard Uranium.”

Figure 1. Regional map of the Corvo Project. The Project is located 45 km northeast of Atha Energy’s Gemini Mineralized Zone and 60 km due east of Cameco’s McArthur River mine.

2026 Fall Exploration Program

Standard’s technical team is scheduled to mobilize to the Project on October 1, 2026, to undertake a detailed mapping, prospecting, and sampling Program to expand on known uranium showings and collect additional geological information at surface which can be linked to drill results. Collected grab samples will be transported to Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, SK for geochemical analysis. The Company will fund the exploration Program as part of the Option Agreement dated May 8, 2025⁴ and Standard will act as operator.

Supplementary geophysical work programs across the Project are also being designed to further refine drill targets for a 2027 drill program. Ongoing geophysical interpretation and modeling is planned throughout the remainder of 2026 to integrate drilling, geophysics, and prospecting datasets, which will further derisk drill targets across the Project prior to follow-up drilling next year.

The Company believes the Project is highly prospective for the discovery of shallow, high-grade^** basement-hosted uranium mineralization akin to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone. Located just outside the current margin of the Athabasca Basin, Corvo boasts shallow drill targets with bedrock under minimal cover of glacial till. Several outcrop showings of mineralized veins and fractures are present on the Project, notably the Manhattan Showing that returned modern sample results up to 8.10% U₃O₈ at surface².

Qualified Person Statement

The scientific and technical information contained in this news release has been reviewed and approved by Sean Hillacre, P.Geo., President and VP Exploration of Standard Uranium Ltd. and a “qualified person” as defined in NI 43-101 – Standards of Disclosure for Mineral Projects.

Samples collected for analysis were sent to SRC Geoanalytical Laboratories (“SRC”) in Saskatoon, Saskatchewan for preparation, processing, and ICP-MS multi-element analysis using total and partial digestion and boron by fusion. Basement samples were tested with ICP-MS2 uranium multi-element exploration package plus boron. All sandstone samples, and basement samples marked as radioactive upon arrival to the lab were also analyzed using the U₃O₈ assay (reported in wt.%). Basement rock split interval samples range from 0.1 to 1.0 m. SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats were inserted into the sample stream at regular intervals in accordance with Standard’s quality assurance/quality control (“QA/QC”) protocols. All samples passed internal QA/QC protocols and the results presented in this release are deemed complete, reliable, and repeatable.

Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company’s future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization.

References

¹ News Release: Standard Uranium Confirms Uranium Enrichment in all Winter 2026 Drill Holes at the Corvo Uranium Project, https://www.standarduranium.ca/news-releases/standard-uranium-confirms-uranium-enrichment-in-all-winter-2026-drill-holes-at-the-corvo-uranium-project

² News Release: Standard Uranium Confirms High-Grade Uranium Mineralization up to 8.10% U₃O₈ at Surface on the Corvo Project, https://standarduranium.ca/news-releases/standard-uranium-confirms-high-grade-uranium-mineralization-at-surface-on-the-corvo-project/

³ SMDI# 2052: https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/2052 & Mineral Assessment Report MAW00047: Eagle Plains Resources Inc., 2011-2012

⁴ News Release: Standard Uranium Announces Signing of Definitive Agreement to Option Corvo Project in Eastern Athabasca Basin, https://www.standarduranium.ca/news-releases/standard-uranium-announces-signing-of-definitive-agreement-to-option-corvo-project-in-eastern-athabasca-basin

^*In crystalline basement rocks, the Company considers concentrations of uranium >10 ppm U to be “weakly anomalous”, concentrations >50 ppm U to be “moderately anomalous” and concentrations >100 ppm U to be “highly anomalous”. Intervals represent drilled core lengths; True thicknesses of mineralized zones cannot be determined with certainty at this stage of exploration.

^**The Company considers uranium mineralization with concentrations greater than 1.0 wt.% U₃O₈ to be “high-grade”.

About Aventis Energy Inc. 

Aventis Energy Inc. (CSE: AVE | FRA: C0O0 | OTC: VBAMF) is a mineral exploration company dedicated to the development of strategic projects comprised of battery, base and precious metals in stable jurisdictions. The Company is working to advance its Corvo Uranium & Sting Copper Project.

The Corvo Uranium property has historical drill holes intersected multiple intervals of uranium mineralization, notably along a strike length of 800 metres between historical drill holes TL-79-3 (0.116% U₃O₈ over 1.05 m) and TL-79-5 (0.065% U₃O₈ over 0.15 m)². High-grade* Uranium at Surface with the Manhattan showing (with outcrop samples grab samples returning up to 8.10% U₃O₈) and SMDI showing 2052 (0.137% U₃O₈ and 2,300 ppm Th).

The Sting Copper Project covers approximately 3,700 hectares and recently had results of 54.8m at 0.32% Cu starting at a depth of 27.0m, with higher-grade intervals including six samples (≥0.5m length) ranging from 0.96% to 5.43% Cu. High grade samples of 0.5m at 2.85% Cu and 0.5m at 1.92% Cu with an additional broader interval of 31.1m at 0.27% Cu.

On Behalf of the Board of Directors

Michael Mulberry
Chief Executive Officer, Director
+1 (604) 229-9772
info@vitalbatterymetals.com

Disclaimer for Forward-Looking Information

This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information.

Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Aventis, future growth potential for Aventis and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of uranium, copper, gold and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Aventis’ ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

This news release contains “forward-looking information” within the meaning of the Canadian securities laws. Statements, other than statements of historical fact, may constitute forward looking information and include, without limitation, statements with respect to the Project and its mineralization potential; the Company’s objectives, goals, or future plans with respect to the Project; further exploration work on the Project in the future; the expected benefits of completing the Program; the commencement of additional drilling program(s) on the Project in the future. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions regarding, among other things, the geological, metallurgical, engineering, financial and economic advice that the Company has received is reliable and are based upon practices and methodologies which are consistent with industry standards. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of well results and the geology, continuity and grade of uranium, copper, gold and other metal deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; increased costs and restrictions on operations due to compliance with environmental and other requirements; increased costs affecting the metals industry and increased competition in the metals industry for properties, qualified personnel, and management. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13d8d50a-3944-475c-99f7-a8c5e9da5219