Announcement • Jun 17
Syntholene Energy Corp. Appoints Marc Mageau to Advisory Board Syntholene Energy Corp. announced the appointment of Marc Mageau to the Company's Advisory Board. Mr. Mageau brings more than three decades of Oil and Gas leadership experience spanning refining, oil sands operations, supply chain logistics, and large- scale industrial asset management. Throughout his career, he has held Executive and Senior Executive positions at Shell and Suncor, where he developed a reputation for operational discipline, industrial execution, and the management of complex energy infrastructure. At Suncor, Mr. Mageau served in several senior leadership roles, including Senior Vice President of Oil Sands Operations, Senior Vice President of Supply Chain and Field Logistics, Vice President of the Sarnia Refinery, and Senior Vice President of Refining & Logistics. His responsibilities included oversight of large-scale oil sands mining and upgrading operations, refinery systems, integrated logistics networks, and fuel manufacturing infrastructure across North America. Prior to Suncor, Mr. Mageau spent two decades at Shell in a range of operational, technical, commercial, and leadership positions. His combined experience across both organizations provided him with extensive expertise in refining systems, maintenance optimization, turnaround execution, industrial supply chain management, and complex energy infrastructure deployment. Mr. Mageau is particularly recognized for his experience successfully managing industrial organizations involving thousands of employees, contractors, and interconnected operational systems. During his tenure at Suncor, he oversaw major oil sands and downstream infrastructure supporting the production of substantial volumes of synthetic crude oil and refined products across integrated energy operations. His background combines engineering and operational expertise with executive-level strategic planning, organizational restructuring, capital allocation, and industrial project execution across the hydrocarbon value chain. New Risk • May 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.7m free cash flow). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (CA$52.8m market cap, or US$38.3m). Announcement • Apr 14
Syntholene Energy Corp., Annual General Meeting, Jun 11, 2026 Syntholene Energy Corp., Annual General Meeting, Jun 11, 2026. 
