Announcement • Mar 09
PureWave Hydrogen Corp. announced that it expects to receive CAD 0.75 million in funding PureWave Hydrogen Corp. announced a non-brokered private placement of 5,000,000 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 750,000 on March 7, 2025. Each unit will comprise one common share and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one common share for a period of 24 months from the closing date of the offering at an exercise price of CAD 0.25 per share. The securities issued under the offering will be subject to a four-month-plus-one-day hold period from the date of closing. Closing of the offering is subject to the acceptance of the TSX Venture Exchange. Announcement • Feb 08
PureWave Hydrogen Corp. Announces CFO Changes PureWave Hydrogen Corp. announced the appointment of John Cassels as Chief Financial Officer (CFO), effective immediately. John Cassels brings over 40 years of financial leadership experience in the junior oil and gas exploration and production sectors across Canada, the USA, and Argentina. He began his career at Ernst &Young (then Clarkson Gordon) as a CPA, CA, before transitioning into financial management roles that spanned M&A activities, capital markets, and the funding of both private and publicly traded companies listed on the TSX and NYSE. Throughout his career, Cassels has served as a director and senior officer for ten companies, further solidifying his extensive expertise in corporate finance and strategic growth initiatives. In the early 2000s, Cassels held the position of CFO at a merchant banking and private equity firm, where he played a pivotal role in financial strategy and investment structuring. During this period, he also worked as a financial consultant for a junior oil and gas exploration company operating in Argentina. More recently, he has spent over five years as a principal at a fractional CFO services firm, which provides financial leadership and strategic guidance to emerging businesses. As CFO, Cassels will oversee PureWave's financial strategy and capital structuring, ensuring the company remains well-positioned for continued growth and success. Additionally, the Company would like to extend its sincere gratitude to Tatenda Muhle for his contributions as Interim CFO during this transition period. Announcement • Jan 17
Robert Price Steps Down from PureWave Hydrogen Corp. as Director PureWave Hydrogen Corp. announced that Robert Price has stepped down from his role as a Director of the Company, effective immediately. The Board of Directors and management team express their gratitude to Mr. Price for his contributions to the Company during his tenure. While stepping away from his role as a Director, Mr. Price remains a supporter of PureWaves vision and is confident in the Companys future endeavors. Board Change • Dec 30
High number of new directors Geoscience Advisor Matt Silverman was the last director to join the board, commencing their role in 2024. Announcement • Dec 11
PureWave Hydrogen Corp. Announces Chief Financial Officer Changes PureWave Hydrogen Corp. announced the appointment of Tatenda Muhle, CPA as its new Chief Financial Officer (CFO), effective as of December 6, 2024. Tatenda Muhle will succeed Ryan Cheung, who has decided to step down from the position to pursue other professional opportunities. Mr. Muhle brings a wealth of experience in financial leadership, strategic planning, and corporate governance, having held senior roles at with other public and private companies. With a proven track record of driving financial growth and operational efficiency, Tatenda Muhle, CFO is poised to play a key role in supporting PureWave Hydrogens strategic objectives and enhancing shareholder value. Ryan Cheung has served as the Company's CFO, overseeing the successful merger of Longhorn Exploration and PureWave Hydrogen. Mr. Cheung will remain with the Company through a transition period to ensure a seamless handover of all accounting responsibilities. Announcement • Dec 03
Purewave Hydrogen Corp. Announces Advisory Board Appointments PureWave Hydrogen Corp. announced the appointment of two distinguished professionals to its Advisory Board: Matt Silverman as Geoscience Advisor and Daniel Jaouiche as Energy Strategy Advisor. These additions bring a wealth of experience to support the Companys initiatives in advancing clean hydrogen exploration and production. Matt Silverman, Geoscience Advisor Mr. Silverman joins the Advisory Board with over 45 years of extensive experience in petroleum exploration and production. Throughout his career, Mr. Silverman has successfully contributed to the discovery and development of oil and natural gas reserves across Europe, Asia, and the western United States. From 2001 to 2023, Mr. Silverman served as the lead for exploration, new ventures, and special projects with Robert L. Bayless, Producer LLC, a prominent private oil and gas company operating in the Central and Southern Rocky Mountain regions. As Exploration Manager of Baylesss affiliate, Sweetpea Petroleum, Mr. Silverman directed efforts to explore the Beetaloo Basin in Australias Northern Territory. His work included geologic, seismic, and environmental studies, as well as overseeing negotiations and approvals on a 7-million-acre block. Drilling activities in the Beetaloo Basin and surrounding permits have highlighted its potential as a world-class hydrocarbon province, with unconventional Mesoproterozoic shale-gas reservoirs being a principal focus. Daniel Jaouiche, Energy Strategy Advisor With over 30 years of experience, Mr. Jaouiche is a recognized expert in energy strategy and M&A. His career includes corporate development leadership roles with Fortune 500 energy companies and senior advisory positions with leading consulting firms. Mr. Jaouiche has successfully managed transactions valued at over $100 billion across the full energy value chain. His expertise extends to the Energy Transition sector, with a particular focus on green hydrogen and ammonia. His deep knowledge of the full transaction cycle and energy transition initiatives aligns perfectly with PureWave Hydrogens mission to accelerate the development of sustainable energy solutions. Announcement • Nov 06
Longhorn Exploration Corp. (TSXV:LEX) completed the acquisition of PureWave Hydrogen Corp. Longhorn Exploration Corp. (TSXV:LEX) entered into an agreement to acquire PureWave Hydrogen Corp. for $3.2 million on September 26, 2024. Pursuant to the agreement, the Longhorn Exploration has agreed to acquire all of the 17,200,000 issued and outstanding PureWave Shares from the Vendors, and each of the Vendors agrees to sell, assign and transfer its respective PureWave Shares to the Longhorn Exploration in consideration for the issuance by the Longhorn Exploration of 17,200,000 common shares of the Longhorn Exploration. PureWave Hydrogen will become a wholly-owned subsidiary of the Longhorn. The Agreement and the Acquisition are subject to the approval of the TSX Venture Exchange.
Longhorn Exploration Corp. (TSXV:LEX) completed the acquisition of PureWave Hydrogen Corp. on November 4, 2024. Shareholders of Longhorn Exploration Corp approved the deal. Announcement • Sep 29
Longhorn Exploration Corp. (TSXV:LEX) entered into an agreement to acquire PureWave Hydrogen Corp. for $3.2 million. Longhorn Exploration Corp. (TSXV:LEX) entered into an agreement to acquire PureWave Hydrogen Corp. for $3.2 million on September 27, 2024. Pursuant to the agreement, the Longhorn Exploration has agreed to acquire all of the 17,200,000 issued and outstanding PureWave Shares from the Vendors, and each of the Vendors agrees to sell, assign and transfer its respective PureWave Shares to the Longhorn Exploration in consideration for the issuance by the Longhorn Exploration of 17,200,000 common shares of the Longhorn Exploration. PureWave Hydrogen will become a wholly-owned subsidiary of the Longhorn. Board Change • Jul 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. CEO & Non-Independent Director Anthony Zelen was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 