• The $400M at-the-market equity offering was completed in just over two weeks.
• The average sale price in the offering was at a 149% premium compared to the company’s previous ATM raise in January 2025.
• The company holds a cash balance of approximately $815 million as of July 1.
• Proceeds will support strategic acquisitions, capital expenditures, and working capital needs.
• The ATM program comes as D-Wave’s Q1 2025 revenue surged 509% year-over-year, boosted by a major system sale to Germany’s Julich Supercomputing Center.

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, has completed sales of $400 million in gross proceeds of its common stock in an at-the-market equity (“ATM”) offering, a move that strengthens its financial position as the company looks to scale operations and pursue strategic acquisitions. The raise, conducted between June 11 and June 27, was priced at an average of $15.18 per share. This represents a $9.08 or 149% premium to the $6.10 average price per share of the previous $150 million ATM program completed in January, according to the company (https://ibn.fm/AYkup).

This latest capital infusion brings D-Wave’s cash balance to roughly $815 million as of July 1. The company intends to use the proceeds from this financing primarily for strategic acquisitions and general corporate purposes including additional working capital and capital expenditures. 

“We intend to invest in acquisitions and programs that will enable us to expand our already significant lead as the only commercial quantum computing company with applications in production,” said Dr. Alan Baratz, CEO of D-Wave.

For the first quarter of 2025, the company reported a 509% year-over-year revenue increase, driven in large part by sale of its Advantage2(TM) quantum system to the Julich Supercomputing Center in Germany. The company has a hybrid business model, combining high-value hardware sales with a growing subscription base for its Quantum Computing-as-a-Service (“QCaaS”) platform. In Q1, D-Wave also posted a GAAP gross margin of 92.5% and achieved its lowest net loss since going public.

D-Wave remains the only commercial quantum computing company with applications in production, a position it continues to emphasize. The company’s cash position provides D-Wave flexibility to execute on its goals without near-term capital constraints. 

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world’s first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers — the world’s largest — feature QPUs with sub-second response times and can be deployed on-premises or accessed through our quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we’re shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

• ONAR’s 79% year-over-year revenue growth in Q1 2025 reflects its strategic shift toward high-value, recurring marketing services
• Recent restructuring and brand consolidation positions ONAR as a focused, technology-enabled marketing platform

In an environment where digital ad spending is increasingly scrutinized for return on investment, many mid-sized companies face a dilemma: how to achieve measurable marketing results without access to enterprise-level tools or sprawling internal teams. This challenge is growing in urgency as the advertising landscape becomes more fragmented, data-driven, and AI-powered.

ONAR Holding Corp. (OTCQB: ONAR) is positioning itself squarely at the intersection of this need. By combining specialty marketing agencies with proprietary martech innovation, ONAR is building a scalable platform for delivering advanced, ROI-focused services to growth-stage and middle-market companies, segments often underserved in the broader marketing ecosystem.

Restructuring Unlocks Strategic Clarity

ONAR’s Q1 2025 shareholder letter, released June 30, offers a revealing look at the company’s operational reset and strategic roadmap. Following its acquisition of HLDCO and its subsidiary Integrum Group, ONAR has simplified its corporate structure and rebranded key subsidiaries to reflect a tighter, more focused platform.

Integrum Group has now become ONAR LLC, housing the company’s two core marketing service brands:

• Storia, a premier performance marketing agency specializing in brand growth and with a focus on data-driven excellence.
• Of Kos, a full-service healthcare marketing agency committed to redefining the patient’s experience.

These two agencies sit at the heart of ONAR’s value proposition. By serving distinct high-growth verticals, digital performance media and regulated healthcare communications, they offer differentiated expertise in sectors where demand is strong and barriers to entry are high.

This restructuring move also saw ONAR sunset its experiential marketing business to sharpen its focus and allocate resources toward its most scalable and high-margin operations.

Strong Revenue Momentum, Early Signs of Operating Leverage

The early results of this transformation are showing up in the numbers. ONAR reported $1.07 million in Q1 revenue, up 79% year-over-year, driven largely by its core marketing services. Notably, 90% of revenue from its Advertising & Marketing segment is recurring, giving the company improved visibility and predictability, an important asset for a small-cap public company navigating growth.

More importantly, revenue growth significantly outpaced the increase in cost of revenue, suggesting the emergence of operating leverage in ONAR’s model. As the company grows, it expects its margins to continue expanding, a common trait among technology-enabled service businesses that reach critical scale.

However, ONAR was candid in addressing cash consumption. While its core businesses are profitable standalone, public company costs for compliance and governance remain a drag on overall financials. Management emphasized that upcoming acquisitions are key to achieving platform-level profitability by better absorbing fixed overhead and unlocking additional efficiencies.

Focused on AI-Enabled, High-Growth Segments

ONAR’s commitment to marketing technology remains central. Through ONAR Labs, the company continues to invest in new solutions designed to integrate AI into everyday marketing workflows. These tools are not theoretical or experimental; they are built in collaboration with the agency teams using them.

For example, Storia’s AI-driven media and SEO systems are designed for real-time campaign optimization, while Of Kos supports healthcare clients navigating regulatory challenges with data-informed precision. Both offer what ONAR believes is a durable advantage: results-based marketing tailored to complex industries.

This differentiation matters in an increasingly commoditized marketing services space. ONAR isn’t trying to be a full-service agency for everyone; it’s building domain-specific expertise powered by scalable technology and measurable outcomes.

Acquisition Pipeline and Capital Strategy Provide Growth Visibility

Growth through acquisition remains a cornerstone of ONAR’s strategy. Management said that additional agency targets are in the pipeline and close to being finalized. These acquisitions will not only expand service capacity but are expected to help offset fixed public company costs and accelerate ONAR’s transition toward platform profitability.

To support this growth, the company recently launched a Series E Preferred Stock offering that could raise up to $6 million. Combined with previously issued convertible notes, which have begun converting into common stock, ONAR is steadily improving its capital structure. These conversions also signal investor confidence in the company’s long-term value creation potential.

Importantly, ONAR maintains flexibility by balancing non-dilutive capital tools with long-term equity alignment, giving the company room to execute its strategy without overburdening its balance sheet.

Clear Roadmap with Long-Term Vision

CEO Claude Zdanow summed up the company’s direction succinctly in the shareholder letter, “These aren’t just growth moves – they’re critical steps to transforming our profitable core businesses into a sustainably profitable public platform.”

That transformation is underway. With a clarified structure, focused brand positioning, expanding tech capabilities, and a healthy acquisition pipeline, ONAR is moving from a collection of marketing agencies into an integrated marketing platform built for scale.

For middle-market companies navigating marketing complexity, and for investors watching the evolution of martech from fragmented tools to unified platforms, ONAR offers a compelling case of transformation in progress.

For more information, visit the company’s website at www.ONAR.com.

NOTE TO INVESTORS: The latest news and updates relating to ONAR Holding Corp. are available in the company’s newsroom at https://ibn.fm/ONAR

• Recent data indicates Soligenix’s HyBryte(TM) is showing promising treatment success in early-stage cutaneous T-cell lymphoma.
• “With limited treatment options, especially in the early stages of their disease, CTCL patients are often searching for alternative treatments,” leading investigator states.
• No new FDA-approved, skin-directed therapies have been introduced in more than a decade, and conventional options carry risks.

Soligenix (NASDAQ: SNGX) is reporting encouraging interim outcomes from the ongoing investigator-initiated study (“IIS”) of its HyBryte(TM) (synthetic hypericin) program, under the direction of Ellen Kim, MD, director of the Penn Cutaneous Lymphoma Program. Kim is a leading enroller in Soligenix’s phase 3 FLASH study and serves as principal investigator for the confirmatory phase 3 FLASH2 trial, which recent data from the IIS indicates is delivering promising treatment success in early-stage cutaneous T-cell lymphoma (“CTCL”).

Soligenix and the Cutaneous Lymphoma Foundation recently released interim results from the open-label IIS evaluating extended HyBryte(TM) therapy administered twice weekly for up to 54 weeks in patients with early-stage mycosis fungoides (https://ibn.fm/IUoEe). At the 18-week evaluation point, six out of eight evaluable patients — 75% — achieved “treatment success,” defined as a ≥50% reduction in modified Composite Assessment of Index Lesion Severity (“mCAILS”) from baseline. This aligns with the efficacy observed in the phase 3 FLASH study, in which the response rate reached 49% (p < 0.0001 vs. placebo) after 18 weeks (https://ibn.fm/HfwFF).

Further highlighting the treatment’s speed and durability, four of the responding patients in the IIS continued on treatment through 54 weeks, achieving an average maximum mCAILS improvement of 85%, while three remained on therapy. The tolerability profile has been similarly strong: HyBryte(TM) is non-mutagenic, does not damage DNA and is not systemically absorbed; in addition, no serious adverse events or patient dropouts have been reported.

“The complete response rates observed, including three patients achieving a complete response on this study to date, as well as the consistent treatment response and safety profile across multiple HyBryte(TM) clinical studies, has been exciting to see,” said Kim. “In the first phase 3 FLASH study, HyBryte(TM) was shown to be efficacious with a benign safety profile compared to the current therapies of steroids, chemotherapeutics and ultraviolet light in this chronic orphan disease.

“With limited treatment options, especially in the early stages of their disease, CTCL patients are often searching for alternative treatments,” Kim continued. “In our study funded by the U.S. Food and Drug Administration (“FDA”), initial results evaluating the expanded use of HyBryte(TM) in a ‘real-world’ treatment setting remain very promising, further supporting and extending results from the previous positive phase 2 and 3 clinical trials. It also provides further confidence to the potential responses we can expect to see in the confirmatory phase 3 placebo-controlled FLASH2 study.”

The FLASH2 trial, a randomized, double-blind, placebo-controlled phase 3 study enrolling approximately 80 early-stage CTCL patients across the United States and Europe, began enrolling in December 2024. It extends treatment in a single continuous 18-week cycle, compared to the 6-week cycle in the original FLASH protocol, with primary efficacy assessed at week 18. Soligenix anticipates an interim analysis in early 2026.

The urgency for innovation in CTCL is clear: no new FDA-approved, skin-directed therapies have been introduced in more than a decade, and conventional options carry risks such as contact dermatitis, UV-induced skin damage and long-term carcinogenic potential (https://ibn.fm/05o9S). “CTCL patients are often searching for alternative treatment,” Kim noted. “HyBryte(TM) offers a distinct treatment option, which patients found extremely useful and continue to specifically request” (https://ibn.fm/XqgT0).

Soligenix anticipates submitting a New Drug Application (“NDA”) to the FDA following successful FLASH2 results. Kim’s leadership, combined with her pivotal role in both enrolment and oversight of these trials, positions HyBryte(TM) as a leading candidate in addressing a significant unmet need in early-stage CTCL. With FLASH2 well underway and key milestones expected in 2026, HyBryte(TM) may soon redefine treatment standards for mycosis fungoides, offering new hope to patients and investors alike.

For more information, visit www.Soligenix.com.

NOTE TO INVESTORS: The latest news and updates relating to SNGX are available in the company’s newsroom at https://ibn.fm/SNGX

• Family offices, privately held wealth management firms for affluent families, are increasingly investing in sports franchises, seeing them as long-term assets with legacy-building potential.
• Brera Holdings attracted eight family offices in its recent Series A Preferred Offering, reflecting growing institutional interest, but Brera also offers retail investors access to pro sports – once the domain of billionaires and celebrities.
• With a Nasdaq listing, Brera is the first multi-club operator to offer public equity exposure to professional football clubs.
• Brera’s Juve Stabia club saw a 245% increase in market value over the 2024–25 season, driven by competitive performance.

Brera Holdings (NASDAQ: BREA), an Ireland-based international holding company focused on expanding its global portfolio of men’s and women’s sports clubs through a multi-club ownership (“MCO”) strategy, is tapping two converging trends reshaping professional sports ownership: the influx of capital from private family offices and the rising demand for democratized access to sports as an asset class.

Family offices, privately run wealth management firms serving ultra-wealthy families, are now active players in professional sports. According to FON Media, these entities have increasingly moved beyond traditional passive investment roles to acquire and control significant stakes in teams (https://ibn.fm/Y02Dn). Their combined assets under management, estimated at $5.9 trillion, are now being deployed into legacy-building sectors like sports.

Brera Holdings has been a direct beneficiary of this shift. In a recent update, the company disclosed that eight prominent family offices participated in its Series A Preferred Offering (https://ibn.fm/SElrK). The move underscores growing confidence in Brera’s business model, which centers on a multi-club ownership (“MCO”) strategy across men’s and women’s football teams worldwide.

Brera’s approach is modeled on the idea that football clubs can serve as appreciating assets, especially with the right operational support. This thesis was tested and validated during the 2024–25 season by S.S. Juve Stabia, a 52%-owned Brera portfolio team. After climbing from Serie C to Serie B, the Italian club saw its market valuation rise 245% to $32 million, based on Transfermarkt data and further analysis from Social Media Soccer.

This kind of appreciation highlights why sports teams are becoming a preferred long-term play for high-net-worth investors. But what sets Brera apart is that it hasn’t limited ownership to only those with massive capital reserves. Through its Nasdaq listing, Brera is the first MCO to offer retail investors a way to participate in professional football ownership, something traditionally reserved for billionaires and celebrities (https://ibn.fm/2mCJY).

As Front Office Sports noted, even the wealthiest investors are turning their attention abroad as U.S. sports franchises become increasingly difficult to acquire. Soccer, with its lower entry prices and broader availability of teams, has become a new frontier (https://ibn.fm/rahAv). “It’s not just rich U.S. investors that want in on European soccer clubs,” the publication added. “Everyday sports fans see the thrill in owning a piece of a European soccer team, even if their slice of the squad is tiny.”

Brera’s entry into Juve Stabia is illustrative. Unlike high-profile acquisitions such as Wrexham, purchased by actors Ryan Reynolds and Rob McElhenney when the club was in England’s fifth tier, Brera invested after Juve Stabia earned promotion to Serie B, Italy’s second division. The club then surged into the Serie A promotion playoffs, reaching the semifinals and raising its profile and value.

Brera’s public listing has allowed everyday investors to participate in that growth. For many, this represents a unique financial and emotional stake in a sport they follow closely, with the potential for returns driven by both on-field performance and brand development.

As Brera continues expanding its portfolio of clubs and deepening its operational capabilities, it is positioning itself as both a gateway for institutional capital and a platform for individual investors. In doing so, it helps reshape how professional sports ownership is accessed, financed, and valued.

For more information, visit the company’s website at www.BreraHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to BREA are available in the company’s newsroom at https://ibn.fm/BREA

• China’s move exposed how important it is that the United States focus on finding strong domestic sources for essential materials.
• A possible roadmap comes down to five mutually reinforcing steps, with Ucore Rare Metals’ RapidSX(TM) technology playing a key role in the process.
• The company’s goal is to play a vital role in building a robust and independent rare earth supply chain in North America, says CEO.

The tariff war between the United States and other countries, particularly China, has created a greater awareness of the tenuous U.S. position in terms of its reliance on China for essential materials for key products. That became even clearer earlier this year when China imposed export licensing restrictions on seven medium and heavy rare-earth elements — specifically samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium — as retaliation for U.S. tariffs, significantly tightening the supply of elements critical for aerospace, defense and other industries (https://ibn.fm/HYY5u).

China’s move exposed how quickly one regulatory dial, controlled half a world away, can grind American production to a halt — and how important it is that the United States focus on finding strong domestic sources for essential materials. Enter Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a North America–based uranium mining and exploration company.

While there’s no single fix to securing North America’s critical metals industry, a coherent roadmap may be emerging. The plan comes down to five mutually reinforcing steps, with Ucore Rare Metals’ RapidSX(TM) technology playing a key role in the process.

The first step is to diversify the rock, or widen the funnel of ore. Exploration programs in North America and allied nations are racing to qualify fresh deposits of dysprosium, terbium and other heavy rare earths. Since 2020, the U.S. Department of Defense has committed more than $439 million to strengthen domestic rare-earth supply chains — covering mining, separation, processing and magnet manufacturing — and aims to meet all U.S. defense requirements by 2027 (https://ibn.fm/o33DQ). In addition, government programs are boosting permitting for mining and providing tax credits, grants and funding for domestic critical mineral facilities with an eye on redundant sources blunting geopolitical risk and reassuring manufacturers.

Second, shrink the bottleneck with modular refining. Concentrate is only half the journey; the true choke-point is chemical separation. This is where Ucore’s RapidSX comes into play. Unlike conventional 50-stage solvent-extraction corridors, the system arrives on modular skids and processes mixed concentrate in a fraction of the time (https://ibn.fm/xzmbc). A new $18.4 million Defense Department award — bringing total federal support to $22.4 million — is funding installation of the first commercial RapidSX line at Ucore’s Strategic Metals Complex in Alexandria, Louisiana, slated to begin commissioning next year (https://ibn.fm/OTvbq). This means that smaller, faster plants can be sited where they are needed, cutting logistics costs and giving defense contractors predictable lead times.

Third, anchor refining to magnet-making hubs. Separation alone is not enough if finished magnets still cross the Pacific. The next step aims to pair mid-stream RapidSX units with new domestic magnet factories now rising in Oklahoma, South Carolina and the Upper Midwest, which are collectively designed to cover roughly one-tenth of U.S. demand once fully ramped.

Fourth, buffer the market with stockpiles and off-take hubs. April’s executive order on critical minerals directed agencies to accelerate seabed-resource permits and evaluate a national stockpile for strategic materials, including rare-earth oxides (https://ibn.fm/mUXdY). Coupled with long-term off-take agreements encouraged by the Inflation Reduction Act, the policy aims to smooth price swings and signal guaranteed buyers to private financers. Strategic reserves and locked-in customers stabilize markets, derisk capital expenditure and prevent panic buying when headlines spike.

Finally, prove the chain with traceability and environmental, sustenance and governmental (“ESG”) standards. Regulators on both sides of the Atlantic are tightening disclosure rules. The European Union’s Critical Raw Materials Act (https://ibn.fm/qcEOo) and updated OECD guidelines require granular origin data (https://ibn.fm/BOuMT), while U.S. agencies weigh stricter reporting under Section 232 investigations (https://ibn.fm/5LGnr). Against this backdrop, technologies such as RapidSX in audit-controlled foreign-trade zones (“FTZs”) provide the verifiable documentation needed for public procurement teams, ESG compliance and green-bond markets, all in line with evolving regulation and market expectations.

Individually, none of these steps snaps China’s grip. But together, they create a network effect: diversified ore feeds enable modular refineries, those refineries feed nearby magnet plants, strategic reserves smooth demand and rigorous traceability attracts capital. “[Ucore’s] goal is to play a vital role in building a robust and independent rare earth supply chain in North America, reducing reliance on Chinese imports and fostering technological innovation,” said Ucore chair and CEO Pat Ryan (https://ibn.fm/fSE97).

For more information about Ucore Rare Metals, visit www.Ucore.com.

NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF

• SEGG Media has completed a comprehensive corporate transformation, including rebranding, structural realignment, and strategic repositioning.
• The company operates across three synergistic verticals with scalable revenue potential: Sports.com, Entertainment, and Lottery.com.
• A $100 million financing facility is in place to support its acquisition-driven five-year growth plan.
• The upcoming launch of the Sports.com Super App is expected to redefine fan engagement across soccer, motorsports, and beyond.
• SEGG is executing a global expansion strategy through acquisitions such as GXR World and DotCom Ventures.

SEGG Media (NASDAQ: SEGG, LTRYW) is a global sports, entertainment, and gaming company redefining how audiences connect with content through immersive technology and ethical engagement. Formerly known as Lottery.com Inc., the company recently completed a comprehensive corporate transformation, rebranding as SEGG Media (short for Sports Entertainment Gaming Global Media) to reflect its new strategic direction and structural overhaul.

With a mission to fuse real-time experiences, fan-first platforms, and responsible innovation, SEGG Media operates at the intersection of sports, entertainment, and gaming. Its business model is built around three synergistic verticals, each designed to scale globally while delivering meaningful value to fans, partners, and shareholders.

From sim racing and esports to live event streaming and charitable gaming, SEGG Media is building a next-generation platform that redefines how audiences interact with their favorite content and communities.

The company is headquartered in Fort Worth, Texas.

Portfolio

SEGG Media’s operations are structured across three core verticals: Sports.com, Entertainment, and Lottery.com.

• Sports.com is SEGG’s global hub for immersive sports media, covering sim racing, football, motorsports, and athlete-led content. The vertical includes Sports.com Studios, Sports.com Media, and Nook, each focused on original storytelling and fan-driven experiences. In June 2025, SEGG announced plans to acquire a 51% stake in the sports and technology assets of GXR World to launch the Sports.com Super App, a first-of-its-kind platform combining live streaming, e-commerce, community chat, real-money and fantasy gaming, and sports news. Built on GXR’s tech stack, which already draws over one million monthly active users, the Super App is expected to debut in Q3 2025 with an initial focus on soccer and motorsports.
• The Entertainment pillar includes AI-driven event streaming, music and fashion media, and hybrid live experiences. As part of its acquisition-led growth model, SEGG is advancing a proposed deal to acquire DotCom Ventures Inc., owner of Concerts.com and TicketStub.com, to build out ticketing, event distribution, and direct-to-fan monetization infrastructure. This initiative aligns with SEGG’s five-year plan to unify content, commerce, and fan engagement under one platform, supported by a $100 million financing facility activated in May 2025.
• Lottery.com, SEGG’s ethical gaming division, delivers domestic and international lottery access, iGaming, instant wins, sports betting, charitable gaming through properties such as WinTogether, and syndicated results data to more than 800 publishers through Tinbu. With compliance issues resolved and new operating structures in place, the platform is being relaunched globally through Lottery.com International.

Together, these three verticals enable SEGG Media to unify fragmented fan experiences into a fully integrated global ecosystem—where sports, gaming, content, and commerce converge.

Market Opportunity

The global sports betting industry is undergoing rapid expansion as digital adoption accelerates and new markets open to regulation. According to Grand View Research, the sports betting market was valued at $100.9 billion in 2024 and is projected to reach $187.39 billion by 2030, growing at a compound annual growth rate of 11% from 2025 to 2030. This growth is fueled by increased internet penetration, widespread mobile usage, and rising interest in real-time, interactive fan experiences.

Beyond sports betting, SEGG Media also operates in the high-growth arenas of streaming, esports, and AI-powered content delivery. These adjacent markets are seeing double-digit global growth as fans demand more immersive, on-demand, and participatory forms of entertainment. With its diversified platform and strategic positioning across three converging verticals, SEGG Media is built to capitalize on multiple long-term secular trends and unlock scalable revenue opportunities.

Leadership Team

Matthew McGahan, Chief Executive Officer and Chairman, joined the company in October 2022. Since then, he has played a central role in stabilizing operations, restructuring the organization, and guiding its rebrand to SEGG Media. McGahan brings a mix of entrepreneurial drive and philanthropic leadership, having founded the UK-based charity Mask Our Heroes during the COVID-19 pandemic and previously built and sold the Harley-Davidson dealership Magic Automotive Group.

Tim Scoffham, CEO of Sports.com Media and Lottery.com International, brings over 20 years of leadership experience across gaming, media, and digital sports entertainment. Appointed following a successful consultancy period, Scoffham now leads SEGG’s global growth strategy for its iGaming and sports media divisions. He is focused on expanding international operations, aligning media and technology platforms, and driving revenue across high-growth jurisdictions while strengthening regulatory partnerships.

For more information, visit the company’s website at https://seggmediacorp.com.

NOTE TO INVESTORS: The latest news and updates relating to SEGG are available in the company’s newsroom at https://ibn.fm/SEGG

• U.S. clean energy tax credits under the new Big Beautiful Bill require projects to commence construction by July 4, 2026, and complete within four years.
• SolarBank has enough advanced-stage U.S. projects to meet this timeline, backed by a $100 million financing deal with CIM Group.
• The company is prioritizing construction on a 97 MW portfolio in key states with interconnection and permitting progress.
• In Canada, SolarBank is deploying battery systems in Ontario under decade-long IESO contracts and expanding in Nova Scotia’s Community Solar program.
• Canada’s “Build, baby, build” policy push under Prime Minister Mark Carney favors developers with shovel-ready assets.
• SolarBank is actively adjusting development and financing schedules to align with evolving incentives while managing cross-border policy risk.

Disseminated on behalf of SolarBank Corporation

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is positioning itself to navigate and benefit from rapidly evolving policy developments in both the United States and Canada. As lawmakers on both sides of the border adjust clean energy timelines, incentives, and infrastructure priorities, the solar and battery storage developer is adapting its strategy to maintain momentum and secure investor value (https://ibn.fm/KhbAn).

In the U.S., the newly enacted Big Beautiful Bill (“BBB”) sets a clear policy horizon for renewable energy developers. The legislation allows solar and battery energy storage projects to qualify for full investment tax credits (“ITCs”) if construction begins by July 4, 2026, and the projects reach commercial operation within four years. This represents a shift from earlier open-ended timelines and will likely accelerate near-term activity across the sector.

SolarBank CEO Dr. Richard Lu said the company is ready. “We have enough advanced-stage projects we can get into construction before the deadline to take advantage of the tax credits,” he noted. Crucially, a $100 million project-level financing arrangement with CIM Group will help SolarBank move forward with its 97-megawatt (“MW”) U.S. portfolio. These assets are primarily located in states where the company already controls project sites and has made permitting and interconnection progress, key hurdles that often slow renewable energy builds.

In parallel, the company is drawing on its diversified Canadian footprint to hedge against U.S. policy shifts. In Ontario, SolarBank is deploying battery energy storage systems under the province’s Long-Term RFP initiative from the Independent Electricity System Operator (“IESO”). The program offers decade-long contracts for clean, dispatchable capacity, providing long-term visibility for developers.

SolarBank also maintains a strong position in Nova Scotia’s Community Solar program, where it holds notable market share as an EPC contractor and continues to expand. These provincial programs, backed by stable regulatory support, offer an additional layer of revenue stability as the company grows.

Dr. Lu also highlighted Canada’s broader infrastructure and energy ambitions under Prime Minister Mark Carney’s “Build, baby, build” strategy, a recently launched push to accelerate infrastructure, housing, and clean energy development. “SolarBank benefits from Canada’s support to clean energy and is leading the charge to build Canada as an energy superpower,” he said.

The macro backdrop in the U.S. also remains favorable. Federal data indicates that the country must add over 206 gigawatts of new power capacity by 2030, with solar expected to provide nearly three-quarters of that supply. In the first quarter of 2025, solar and wind accounted for 98% of new generation capacity added across the nation.

According to Dr. Lu, March 2025 marked the 19th consecutive month in which solar was the largest contributor to new electrical capacity in the U.S. Falling costs and faster deployment times continue to make solar and battery storage competitive in both regulated and deregulated power markets.

As SolarBank continues to adjust its development timelines, financing structures, and construction schedules, the company is positioning itself to capture both short-term tax credit benefits and long-term value creation. With operations in two countries undergoing active energy transitions, SolarBank’s dual-market exposure may prove to be a strategic asset in the years ahead.

For more information, visit the company’s website at SolarBankCorp.com. This report contains forward looking information. Please refer to the press release entitled “SolarBank Issues Update on Strategic Positioning Amid Shifting U.S. and Canadian Policy Landscape” for additional details on the statements, risks and assumptions.

• Survey Penetrated 3x Deeper Than Planned: Originally designed to image down to 400m, the ANT survey successfully mapped to over 1,200m, unlocking previously unseen subsurface structures.
• District-Scale Geology Uncovered: Results point to a vertically continuous mineral system, resembling known VMS and Broken Hill-type camps—suggesting Montauban may be far more than a single-deposit story.
• Exploration Roadmap Expanded: The contrast in high- and low-velocity zones has provided a clearer structural model to target deeper, stacked, and potentially repeating mineralized lenses.
• Modern Data, Historic Opportunity: This marks the first time modern deep geophysics has been applied to Montauban since its early 20th-century production—signaling a new era of systematic exploration.

Heavy metal resource developer ESGold (CSE: ESAU) (OTCQB: ESAUF) is busy readying the launch of its revenue-generation strategy, which engages tailings cleanup operations and mineral reuse plan at the historic Montauban mine site. At the same time, the company continues its long-term vision for gold and silver exploration at the Canadian mine. 

ESGold announced the results of its recent Ambient Noise Tomography (“ANT”) survey July 11, highlighting the potential for metals discovery at the historic Montauban gold and silver mine site covering 13,116 hectares (about 32,410 acres) of abandoned exploration 80 kilometers (49.7 miles) west of Quebec’s capital city.

“We now believe Montauban may be far more than a single deposit — it is emerging as a deep, district-scale system with possible structural and geological continuity,” André Gauthier, director of exploration, stated in the news release (https://ibn.fm/7uScs). “Where previous generations saw a series of shallow pods, we now see the signature of a vertically integrated mineral system — potentially with stacked, repeating lenses akin to those in VMS (Volcanogenic Massive Sulphide) system or Broken Hill-style districts.”

“The continuity, depth, and scale of the structures we’re seeing suggest that the original mine was just the tip of the iceberg,” CEO Gordon Robb added. “As we build toward production from the tailings, we’re simultaneously unlocking the blue-sky potential beneath. This data confirms Montauban may be just the first chapter in a much larger district-scale opportunity, and we’re excited to share that story with the world.”

ESGold’s focus has been on starting a profitable gold, silver and mica recovery operation later this year, which will mostly rely on gravity separation in a Humphrey spiral concentrator to obtain any leftover precious metals. It will also prepare the mica for a concentrated mixture that will be stronger than concrete and marketable as a reuse product in parking columns, highway Jersey barriers, bricks, cinder blocks, and paving stones. 

The company’s strategy focuses on integrating clean technology into the recovery process, reducing site pollution and eliminating the need for harmful extraction methods. The additional search for untapped gold and silver at the site remains ESGold’s long game. 

More than 2.6 million short tons of gold, silver, lead and zinc were mined at the site under previous exploration between 1910 and the 1970s before the site was abandoned. Until now, most geological data for the site has come from tailings and a few shallow boreholes, with virtually no deep-penetrating geophysical data.

The new ANT survey was a non-invasive geophysical technique using ambient seismic noise analyzed by 105 triaxial sensors continuously recording data to image deep crustal structures for 49 days across a segment of the property.

It was originally scoped to map subsurface structures to 400 meters but exceeded expectations by imaging to depths of 1,200 meters. Such imaging can reveal features beyond the reach of historic exploration and guide new drilling. 

The ANT survey reaffirms that Montauban’s mineral system remains open at depth — both vertically and laterally, according to the company. Multiple zones across the property remain completely untested.

ESGold has secured the necessary permits and infrastructure installation for the reuse operation is underway.

For more information, visit the company’s website at https://esgold.com.

NOTE TO INVESTORS: The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF

• The credit facility provides Blue Lagoon access to C$2 million over a 12-month term and underlies Nicola’s confidence in the project’s near-term production trajectory.
• Nicola CEO praised Blue Lagoon’s disciplined execution, noting the company’s thorough permitting navigation and strong community engagement.
• This move exemplifies Nicola’s strategic model, which links its Merritt milling infrastructure and tailings facility to nearby projects.

Nicola Mining (TSX.V: NIM) (OTCQB: HUSIF) has taken a significant step in fostering industry collaboration and bolstering regional gold development with its announcement of a $2 million line of credit to strategic partner Blue Lagoon Resources Inc. The move reflects Nicola’s mission to support responsible mining initiatives in British Columbia and aligns with its vertically integrated approach that combines milling capabilities with financial facilitation.

According to the announcement, the unsecured credit facility provides Blue Lagoon access to $2 million over a 12-month term, with repayments tied to interest-only payments during the first 11 months and an option to extend for another year under revised terms (https://ibn.fm/q7HZO). The loan is linked to Secured Overnight Financing Rate (“SOFR”) and requires no collateral against Blue Lagoon’s Dome Mountain property or other assets, underlining Nicola’s confidence in the project’s near-term production trajectory. If Blue Lagoon does draw on the facility, Nicola will hold a short-term security interest over Dome Mountain’s gold and silver production pending repayment.

Blue Lagoon Resources, which recently secured one of only nine full mining permits issued in British Columbia since 2015, is preparing to begin production at its high-grade Dome Mountain gold project later this year. Leading up to the credit facility, the company has strengthened its balance sheet via equity financing, backed by major investors such as Crescat Capital and Phoenix Gold Fund. Blue Lagoon currently carries no short-term debt and holds more than US$3.6 million in in-the-money warrants.

Nicola president and CEO Peter Espig praised Blue Lagoon’s disciplined execution, noting the company’s thorough permitting navigation and strong community engagement, factors that influenced Nicola’s decision to provide the unsecured credit line. “We’ve worked closely with the Blue Lagoon team for some time and continue to be impressed by their methodical and disciplined approach,” said Espig. “Successfully navigating BC’s rigorous permitting process, while also building a strong, trust-based relationship with the Lake Babine Nation, speaks volumes about their leadership. We are pleased to provide this credit facility and look forward to supporting their transition to gold and silver production.”

This move exemplifies Nicola’s strategic model, which links its Merritt milling infrastructure and tailings facility to British Columbian projects. Merritt Mill stands as the only facility in British Columbia permitted to process third-party gold and silver mill feed from across the province. Since 2016, Nicola has entered into several profit-share agreements with mining companies, allowing its fully permitted mill to act as a critical partner, processing ore and providing liquidity for regional exploration partners (https://ibn.fm/eWE0W). Extending a $2 million credit facility further advances this integrated approach by providing Blue Lagoon a flexible financial buffer as the company accelerates its growth.

The non-dilutive nature of the deal is particularly advantageous. Blue Lagoon’s ability to access funding without issuing new equity helps preserve shareholder value ahead of the planned production ramp-up. With an expected start of gold production in Q3 2025, access to this credit line adds resilience and optionality, while minimizing financial constraints.

The timeline is aggressive but promising. Blue Lagoon closed its mine permit in February 2025 and anticipates entering the Dome Mountain gold mine later this year. The financial buffer offered through Nicola’s credit line supports this trajectory by cushioning working capital needs or allowing the company to pursue additional opportunities with speed and confidence.

This development not only bolsters Blue Lagoon’s operational momentum but also showcases Nicola Mining’s evolving role as a strategic partner. Nicola’s Merritt mill is a tangible asset that transforms ore from nearby juniors into marketable concentrate, and this commitment of capital emphasizes its position as a catalyst for regional growth. As more junior developers initiate cash flow plans, partnerships like Nicola and Blue Lagoon highlight the value of combining milling infrastructure with financial support to accelerate resource development.

For Nicola shareholders, this move reinforces the company’s broader growth strategy. Nicola is not only pursuing its own exploration and mining assets, such as its New Craigmont copper and Treasure Mountain silver projects, but also capitalizing on its milling infrastructure through partnerships with growth-stage producers such as Blue Lagoon. This diverse approach provides Nicola with multiple revenue streams and a lucrative exposure to near-term producers processing ore.

While BC’s mining landscape continues to evolve, Nicola Mining’s decision to offer an unsecured credit line to a production-stage partner underscores its innovative, asset-driven strategy. By combining technical, financial and infrastructure capabilities, Nicola is accelerating the growth of BC’s junior mining industry, setting a model for collaboration, operational efficiency and partner support.

For more information, visit www.NicolaMining.com.

NOTE TO INVESTORS: The latest news and updates relating to HUSIF are available in the company’s newsroom at https://ibn.fm/HUSIF

• Safe Pro Group offers AI-powered computer vision software for analyzing drone imagery to identify small objects as landmines and other battlefield threats.
• The company’s SPOTD technology has already processed over 1.66 million images, identifying more than 28,000 real-world explosive threats.
• Safe Pro is advancing conversations with the Department of Defense and prime contractors about deploying its tech under OBBBA funding.
• Integration with the U.S. Army’s ATAK platform positions the company for wider adoption across military units.
• Reduced procurement “red tape” and increased demand for scalable AI and drone-based solutions create a favorable environment for Safe Pro’s growth.

With the U.S. government committing over $33 billion to artificial intelligence and drone technology through the newly enacted One Big Beautiful Bill Act (“OBBBA”), the defense landscape is poised for a rapid evolution, and Safe Pro Group (NASDAQ: SPAI), an emerging provider of AI-powered security and threat detection solutions, expects to capitalize on this growth.

Signed into law on July 4, 2025, the OBBBA allocates $13.5 billion to unmanned systems and another $16 billion toward federal AI initiatives, including defense modernization and border security. The bill marks one of the largest U.S. investments to date in next-generation battlefield technologies (https://ibn.fm/nttLF).

Safe Pro Group operates at the intersection of these priorities. Its SpotlightAI(TM) platform uses computer vision, deep learning, and artificial intelligence to rapidly analyze imagery captured by commercial drones. This platform, part of the company’s SPOTD (Safe Pro Object Threat Detection) suite, can identify over 150 types of mines and unexploded ordnance in a fraction of a second per image.

The data fueling this system comes from one of the most mine-contaminated regions in the world: Ukraine. With a growing dataset now encompassing over 1.66 million GPS-tagged drone images, Safe Pro has already identified more than 28,000 real-world threats across an area roughly the size of Manhattan.

The company’s leadership believes the timing of OBBBA is significant. “As the United States seeks to harness the power of drones and AI to support the warfighter and protect its borders, we believe that the passage of the OBBBA creates significant opportunities for our unique, battle-tested imagery analysis technology within the Department of Defense,” said Chairman and CEO Dan Erdberg. “We look forward to advancing our activities with the multiple program executive offices within the DoD and prime contractors supporting customers on fulfilling new AI capabilities with this new funding.”

Safe Pro is in active discussions with multiple DoD program executive offices and prime contractors, who will now have access to substantial new funding. Unlike in past years, the OBBBA also aims to streamline acquisition processes, removing barriers that have traditionally slowed the deployment of innovative technology in the federal space. The bill will result in reduced restrictions and procurement “red tape,” leading to a proliferation of drones, driving an exponential increased need for AI image analysis, a task Safe Pro is uniquely suited to perform.

A critical application under development is the integration of Safe Pro’s SPOTD detection capabilities into the U.S. Army’s ATAK platform (Android Tactical Assault Kit), which is already widely deployed. The aim is to allow mine detections made through SpotlightAI(TM) to be instantly shared across soldier-worn and vehicle-mounted devices in real time.

Beyond software, Safe Pro operates a diversified set of defense and public safety businesses. Its Airborne Response division provides drone-as-a-first-responder services for law enforcement and drone-based critical infrastructure inspection and monitoring services for tier-one enterprise customers. Another unit, Safe-Pro USA, manufactures U.S.-made ballistic protection products, including advanced body amor plates, EOD suits and bomb blankets that meet NATO and DoD specifications.

This multi-pronged approach gives Safe Pro exposure to both emerging tech and traditional defense supply channels. As a HUBZone-certified small business, Safe-Pro USA also qualifies for procurement set-asides, enabling access to government grants and contracts that favor domestic production.

Analysts estimate that the global defense AI and drone market could exceed $15 billion in the coming years. With the U.S. market now being supercharged by OBBBA, Safe Pro’s early investments in AI and real-world battlefield data could give it a key edge. The shift is not just strategic; it’s logistical. As drone usage increases, so too does the flood of image data requiring analysis. Safe Pro’s platform offers a scalable and automated method for turning that data into critical actionable insights.

For more information, visit the company’s website at www.SafeProGroup.com.

NOTE TO INVESTORS: The latest news and updates relating to SPAI are available in the company’s newsroom at https://ibn.fm/SPAI