Announcement • Jul 15
Syntholene Energy Corp. announced that it expects to receive CAD 1.5 million in funding Syntholene Energy Corp. has announced a non-brokered private placement to issue 3,333,334 units at the price of CAD 0.45 per unit for the gross proceeds of CAD 1,500,000.3 on July 13, 2026. Each unit entitles the holder thereof to acquire one additional common share and one-half of one common share purchase warrant at an exercise price of CAD 0.63 per warrant for a period of 2 years from the date of issuance. The offering remains subject to the company obtaining all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance. The offering is expected to close on or about July 21, 2026, or such other date or dates as the company may determine. The company may pay certain commissions in connection with the Financing, as permitted by applicable securities laws and the policies of the TSX Venture Exchange. The company expects that insiders of the company may participate in the Financing. The extent of insider participation, if any, has not been determined at this time. Any insider participation will be disclosed in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Announcement • Jul 09
Syntholene Energy Corp Produces First 500 Kilograms Of Hydrogen At Husavik Demonstration Facility Syntholene Energy Corp. has successfully produced its first 500 kilograms of 'green' electrolytic hydrogen at its geothermally-integrated Solid Oxide Electrolyzer Cell demonstration facility in Húsavík, Iceland. Initial analytical testing at the Demonstration Facility indicates hydrogen purity above 99.9%, consistent with anticipated system performance. Based on preliminary operational data collected at the Demonstration Facility to date, the Company believes stack and overall system electrical performance are tracking in line with the equipment manufacturer's factory specifications, including stack electrical consumption of approximately 33.5 kWh/kg H2 and overall system electrical consumption of approximately 37.8-40.0 kWh/kg H2. These preliminary observations and estimates remain subject to continued operational testing and independent third-party validation. Green electrolytic hydrogen refers to hydrogen produced through the electrolysis of water using renewable or other non-fossil electricity, with minimal direct greenhouse gas emissions associated with the production process. This production milestone marks the successful commencement of integrated operations following completion of construction and commissioning of the Company's Demonstration Facility. Initial operating results indicate that major process systems are performing in line with design expectations, including successful thermal integration between the geothermal heat source and the SOEC hydrogen production system. The Company has commenced continuous operational testing of the Demonstration Facility, including evaluation of stack performance, system efficiency, thermal integration, reliability, and operating economics under sustained operating conditions. Data generated during the testing campaign is expected to support future engineering optimization, commercial project development, financing initiatives, and strategic partnerships. Syntholene continues to target publication of independently validated performance data from a full effects test campaign in Fourth Quarter 2026. The Demonstration Facility has been designed to evaluate the integration of geothermal heat with high-temperature electrolysis as a pathway toward low cost hydrogen production for synthetic fuel manufacturing. 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. 
