• Platinum and palladium have experienced continued demand growth in 2024.
• This year has been marked by high levels of industrial and investment activity, with significant milestones achieved in a variety of sectors.
• Platinum Group Metals (NYSE American: PLG) (TSX : PTM) has made significant strides in 2024, particularly through its Waterberg Project in South Africa.

This year has been important for platinum and palladium as well as for companies in the industry, such as Platinum Group Metals (NYSE American: PLG) (TSX: PTM). PGMs, which include platinum, palladium and rhodium, have experienced robust demand and growth in 2024. These metals are critical for industries such as automotive, jewelry and electronics and for emerging green technologies such as hydrogen fuel cells.

The year has been marked by high levels of industrial and investment activity, with significant milestones achieved in various sectors, including the following:

• Industrial and automotive demand: Automotive demand for platinum reached its highest level in seven years, growing by 1% to 3.24 million ounces (https://ibn.fm/fPcif). This growth has been driven by increased use in catalytic converters for vehicles, particularly in response to stricter emission standards globally. The industrial sector also recorded a 1% increase in demand, reaching 2.37 million ounces. This uptick was fueled by applications in glass manufacturing, which saw a 47% year-over-year increase, and hydrogen-based technologies, which surged by 123%.
• Jewelry and investment growth: Jewelry demand for platinum rose by 7% globally, with standout performances in India (28% growth) and Japan (8% growth), reflecting both export activity and rising consumer interest (https://ibn.fm/RDqwg). In addition, investment in platinum saw significant increases, particularly in China, where purchases of large bullion bars drove a 40% year-over-year rise (https://ibn.fm/ZoHhP).
• Emerging markets and technological applications: The Asia-Pacific region dominated the market, supported by rapid growth in electronics manufacturing and expanding automotive production, while PGMs continue to play a pivotal role in green energy, particularly in hydrogen fuel cells and electrolysis, where demand has grown substantially.

All this spells good news for Platinum Group Metals, an emerging player in the PGM mining and exploration sector that is capitalizing on these trends. The company, which focuses on developing low-cost, sustainable mining operations, has made significant strides this year, particularly through its Waterberg Project in South Africa. As a large-scale PGM, copper and nickel mining initiative, the Waterberg Project progressed through several key phases in 2024. The project aligns with the growing global demand for sustainable mining practices and clean-energy applications. Notable recent advancements include the completion of infill and exploration drilling, resource development, updated resource and reserve estimates, and an updated Definitive Feasibility Study, solidifying the project’s potential as a major, low-cost supplier of PGMs.

Looking ahead, Platinum Group Metals Ltd. is poised to benefit from expected sustained demand for PGMs and base metals in the automotive, industrial and green-energy sectors. With the global push for cleaner technologies and increasing interest in hydrogen fuel cells, the company’s Waterberg Project and ongoing initiatives will play a critical role in meeting market needs. By aligning its operations with global sustainability goals and technological advancements, the company is setting itself up for long-term success in an evolving market landscape.

For more information, visit www.PlatinumGroupMetals.net.

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

Life science companies, executives and professionals are invited to attend the 6th KOL & MSL Expertise Summit in Philadelphia, as an in-person conference with an online streaming option. The summit brings together key opinion leaders and medical science liaisons, with essential insights for building and maintaining strong relationships and the latest knowledge regarding the medical and healthcare markets. The two-day summit will comprise panel discussions, keynote speaker sessions, fireside chats, meetings, and collaborations among industry leaders, peers and investors.

The event is hosted by Dynamic Global Events (“DGE”), a pioneer in organizing networking events for the life science sector. DGE delivers high-quality data networking and business avenues to the pharmaceutical, biotechnology, healthcare, medical devices, and allied industries.

Topics of discussion:

• Building programs for MSLs on business acumen and strategic thinking.
• Collaborating among MSLs and information-providing teams.
• Overcoming challenges of working with payers.
• Increasing involvement of MSLs at every stage of the drug life cycle.
• Showcasing the value of MSLs to top management and external stakeholders.

MSLs also have a crucial role to play in product launches. Industry leaders presiding over the fireside chats discuss how MSLs can best prepare the market for a new product, especially in the case of novel drugs when there are no competitors. Panel discussions will also revolve around training formats, balancing fieldwork and practice, and other must-know subjects.

To know more, please visit https://ibn.fm/otzo1.

TA pros, HR leaders, managers, sourcers, brands, and executives are invited to attend the GSMI Talent Acquisition Week held from February 3, 2025, to February 6, 2025, in San Diego, CA. Industry stalwarts will gather at the event platform to share and learn time-tested strategies in global recruiting trends, social recruiting, talent sourcing, tools, and technology through practitioner-to-practitioner sessions, panel discussions, case studies, meetings, etc. Leverage the reach and talent shared at the several events held during the GSMI Talent Acquisition Week with 3 TA events in 1 place.

Reasons to attend:

• Connect and develop meaningful relationships with fellow TA personnel
• Learn to work with AI tools to enhance the talent pool and stay updated with new trends.
• Understand the tips and tricks for candidate experience and inclusive hiring to add a human element to recruitment.
• Get one’s professional development upgraded with HRCI and SHRM credits.
• Learn ways to recruit on a shoestring budget.
• Get the maximum out of one’s sourcing teams for recruitment success.
• Attendees can access several talent pools like sourcing, recruiting, and employer branding, all in the same week.

Attendees registering for the event will have access to all the sessions and networking lounge activities, session recording access, and access to session materials. The sessions will all be recorded for access to the participant’s post-event.

Just 10 minutes away from the airport, Paradise Point Resort is situated on Mission Bay, minutes from downtown San Diego. Paradise Point has a beachfront location and attendees at the TA week can easily access all of San Diego’s attractions.

To know more, please visit https://ibn.fm/m3249.

• 13D filings indicate large insider buying, with a total of 5.6 million shares acquired in December and January, a positive sign for investor interest in Brera Holdings.
• With its unique multi-club ownership approach and commitment to becoming a leading powerhouse in the sports space, the company is expanding its global portfolio of professional sports teams at a rapid pace.
• Second stage of Naples-based soccer club SS Juve Stabia srl acquisition has been completed, with the company increasing its ownership stake to 34.62%, on track to close the transaction and reach 52% ownership by March 31.

A total of 5.6 million shares of Brera Holdings (NASDAQ: BREA) have been acquired by insiders in December and January, according to recently-filed SEC 13D schedules (https://ibn.fm/YHGmp). It appears that significant holdings are being amassed at current opportunistic price levels. These insiders have acquired as many Class B Common Shares as were previously issued, prior to the transactions.

Insider ownership is, not surprisingly, interpreted by the market and investors as highly positive, showing a decisive vote of confidence, likely encouraged by the aggressive growth of Brera.

Brera Holdings, an Irish corporation based in Milan, Italy, is an international holding company focused on expanding its global portfolio of men’s and women’s sports clubs through a multi-club ownership (“MCO”) approach, with growing opportunities to earn tournament prizes, secure sponsorships, collect transfer fees, provide professional sports consulting services, and enhance the valuation of its clubs. With its unique MCO approach and operating based on a model with a social conscience, the company has been expanding its portfolio at a rapid pace, with plans to continue acquisitions of professional sports teams worldwide.

Most recently, on Jan. 10, 2025, the company closed the second stage in its acquisition of SS Juve Stabia srl, increasing its ownership stake to 34.62%, up from the 21.74% level that closed on Dec. 31, 2024, (https://ibn.fm/XcuAk). Società Sportiva Juve Stabia is an Italian football (soccer) club with a rich legacy spanning over a century. Known as “The Second Team of Naples,” Juve Stabia has stamped its position in the Italian football landscape. The team plays in Serie B, the second tier of the Italian football system, following their promotion ahead of the 2024-25 season.

With the successful completion of this stage of the acquisition process, Brera Holdings is on track to close the last transaction, scheduled for March 31, 2025. Once closed, this acquisition will bring Brera’s ownership stake to ~52%, making it the club’s majority shareholder. Once this happens, Juve Stabia will become integrated into the company’s multi-club framework, triggering a transition and continuity in club management.

These developments, along with its unique approach and ongoing expansion plans, confirm Brera Holdings’ ambitions to become a leading powerhouse in the sports space, by integrating cultural and social impact with professional sports, prioritizing innovation and community-focused approaches in sports management, while remaining committed to enhancing revenue growth and creating long-term value for shareholders.

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

As the AI dominance of Silicon Valley comes under attack from upstarts like DeepSeek, an alliance in Europe is planning to up the ante with its ambition to come up with European-grown alternatives that are as good as or even better than the existing artificial intelligence options.

The project, dubbed OpenEuroLLM, aims to develop next-gen open source Large Language Models to enable the continent to have leaders in the digital age and to make public services across the continent have access to cutting-edge tools that are homegrown. The alliance will create foundation models which support the languages on the continent and will be accessed by public service providers, commercial entities, industrial actors and academia.

More than 20 leading research companies, institutions and HPC (high performance computing) centers on the continent have signed up to this initiative. The project is being led by Jan Hajic, Charles University’s world-famous computational linguist. He will be assisted by Peter Sarlin, who co-founded Silo AI, which was the subject of a $665m acquisition by U.S.-based chipmaker AMD in 2024. Silo AI has the distinction of being the largest private artificial intelligence lab in Europe.

The project has the support of the European Commission and could well be the largest-ever such undertaking by the EU. Salin revealed that OpenEuroLLM is unique because it incorporates actors from across the continent, which is fertile ground for coming up with really groundbreaking innovations that can easily be scaled. He says that this approach is better than having different scattered actors working on different small projects around the continent. This concentrated effort, he adds, can build open AI models for the continent in ways which will facilitate innovation at scale.

Salin said that OpenEuro LLM currently has a $53.2 million budget. It also has commitments of computational power whose monetary value exceeds the cash budget of the alliance.

Funding for the alliance was secured from an EU scheme designed to support investments in technologies deemed to be of strategic importance to the continent. The European Commission has also provided funding. The EU is particularly interested in this project because it aligns with the EU’s objective of fortifying the digital sovereignty of the continent.

The alliance has opted for an open model of AI development so that the data, software and models can be accessed by any interested party that wishes to evaluate it. This approach also makes it easier to tailor the solutions to the needs of specific industries in ways that preserve the cultural and linguistic diversity of the continent.

More such projects are bound to be announced as nationalism in the tech field grows around the world. The need for metals like copper, gold and silver will consequently increase as AI infrastructure is established to actualize the ambitions of different countries and blocs. Companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) producing these metals are bound to benefit from ever-rising demand.

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

• Public safety technology developer SuperCom has seen a record pace of new contract acquisition in the United States since August as awareness of its electronic monitoring (“EM”) solutions increases
• A new strategic partnership contract with an established multi-state EM service provider is expected to accelerate the growth further, beginning with a focus on the Northeast U.S. region
• SuperCom’s technologies provide a variety of options for the supervision of offenders in the criminal justice system, but the company is particularly focused on enhancing public safety in domestic violence situations
• The company’s acquisition of 20 new U.S. contracts in recent months, including six states where SuperCom had not operated before, unlocks the potential for Americans to have greater peace of mind about reducing repeat domestic violence offenses

Public safety technology innovator SuperCom (NASDAQ: SPCB) is announcing a strategic partnership for placing its electronic monitoring (“EM”) offender tracking solution. The company expects this partnership to further support the rapidly growing adoption of its solutions in U.S. markets.

SuperCom has been expanding into U.S. markets at a record pace for the company, signing 20 new contracts since last August. Six of the contract states are locations where the company’s products haven’t been used before (https://ibn.fm/2Vagt).

The new partnership is with an established multi-state electronic monitoring service provider that has a wide market presence. The collaboration includes an agreement to introduce SuperCom’s advanced PureSecurity Suite EM solutions to both new and existing law enforcement programs in multiple new states, initially targeting high-impact opportunities in the Northeast.

“This partnership reflects the trust placed in SuperCom’s cutting-edge technology and our ability to deliver transformative results,” SuperCom President and CEO Ordan Trabelsi stated in the company’s announcement (https://ibn.fm/ffwwI). “By collaborating with an established industry player, we are further advancing the modernization of electronic monitoring programs across the U.S. … With over 30 years of industry experience, the service provider’s selection of SuperCom’s technology over others can resonate strongly with potential customers.”

SuperCom has focused its marketing strategy on European and North American nations. Growing within the United States has been particularly important because the U.S. prison population rate per 100,000 people is the highest in the world, according to a 2023 study, while a separate report showed a recidivism (repeat offender arrests) rate of about 75% among released prisoners within five years (https://ibn.fm/Z1lP7).

The use of EM tracking of suspects and convicted offenders released from incarceration on a supervision agreement is growing in popularity worldwide. Many nations, large and small, are finding value in the cost savings of favoring house arrest over expanded jail space and in supervised re-entry to the community of offenders, thereby gaining a potential rehabilitative benefit from maintaining their normal work, school, and family relations.

The company’s PureSecurity Suite products include the best-of-breed one-piece tracking bracelet that has been branded PureOne and its accompanying mobile app monitoring technology branded PureShield, which are particularly attuned to enhancing public safety in domestic violence situation. Other complementary elements further the suite’s monitoring capabilities for a variety of needs.

Together, PureOne and PureShield use GPS, cellular, Wi-Fi and Bluetooth technologies to discreetly show the location of both the victim and the offender in domestic violence cases. Once boundaries established by the legal system are included in the programming, both law enforcement and potential victims are alerted if zoning breaches occur, using the wide availability of personal smartphones to ease service accessibility.

“SuperCom’s solutions are setting a new standard in the electronic monitoring industry. By displacing incumbent players time after time, we are better positioned to meet the growing demand for scalable and impactful public safety solutions,” Trabelsi stated.

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

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

• Adageis, with its AI-centric software ProActive Care Platform, supports healthcare providers in making the important shift toward effective value-based care models.
• Significantly, the company’s advanced patient healthcare data solutions are designed for seamless implementation across ACOs, CINs, and IPAs, integrating with existing electronic health records (“EHRs”) to identify high-risk patients and care gaps.
• The company helps providers navigate the financial incentives tied to value-based care by tracking performance metrics, as its Patented Risk Engine (“PRE”) enables proactive interventions, reducing costs and improving patient outcomes.

Healthcare providers are under increasing pressure to transition from fee-for-service models to value-based care, where reimbursement is tied to patient outcomes rather than the volume of services rendered. This shift requires robust data analysis to track performance, identify risks, and ensure quality care. Adageis, a forward-thinking healthcare technology company, is tackling these challenges with AI-driven solutions that help providers harness data to improve care efficiency and financial performance.  By integrating with existing health systems, Adageis’s ProActive Care Platform allows providers to make informed decisions that align with value-based care objectives (https://ibn.fm/ed9Pb).

A major hurdle in value-based care is identifying high-risk patients before they require costly interventions. Adageis addresses this with its Patented Risk Engine (“PRE”), which analyzes clinical and demographic data to flag individuals most likely to develop chronic conditions or experience hospital readmissions. By surfacing these insights in real time, providers can intervene earlier, reducing avoidable emergency visits and improving long-term health outcomes. The ability to predict and manage patient risk is critical for accountable care organizations (“ACOs”), clinically integrated networks (“CINs”), independent physician associations (“IPAs”), and other groups that assume financial responsibility for patient populations.

Another challenge in adopting new healthcare technology is interoperability. Adageis designed its platform to integrate directly with widely used EHR systems, including AthenaHealth, Cerner, eClinicalWorks, Allscripts, and Epic. This allows healthcare providers to extract meaningful insights from their existing records without overhauling their workflows. Through an API-driven approach, Adageis helps providers leverage their own patient data more effectively while maintaining compliance with industry standards.

Under value-based payment models, providers earn financial incentives for improving patient health while keeping costs low. However, tracking the performance metrics required to secure these payments can be complex. Adageis simplifies this process by automatically collecting and analyzing key performance indicators, such as hospital readmission rates and chronic disease management success. This ensures that providers can demonstrate compliance with Medicare, Medicaid, and private insurer reimbursement requirements.

The ProActive Care Platform’s analytics also provide insights into supply chain efficiency and operational costs, allowing healthcare organizations to optimize resource allocation.

Adageis is part of a growing movement toward using AI and data analytics to support value-based care. As more providers move away from traditional fee-for-service models, the ability to harness real-time data will be critical to success. With value-based care becoming a central priority for health systems and insurers alike, data-driven platforms like Adageis are positioned to play a crucial role in shaping the future of patient care in the current healthcare landscape.

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

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

• Torr Metals announces a new undrilled discovery at its Kolos Copper-Gold Project, expanding the Sonic Zone to a 12 km² alteration footprint, highlighted by high-grade copper results of up to 1.10% Located just 30 kilometers southeast of Canada’s largest open-pit copper mine, the Kolos Project’s new findings align with the region’s significant copper-gold alkalic porphyry systems like the nearby New Afton and Copper Mountain mines
• The discovery’s strategic proximity to existing provincial and mining infrastructure offers cost-effective exploration and development, promising significant shareholder value as further exploration unfolds

A Legacy of Copper Excellence: Highland Valley

Highland Valley, Canada’s largest open-pit copper mine, exemplifies the immense value of large-scale mining projects. Situated in the heart of British Columbia, Highland Valley has produced vast amounts of copper while contributing significantly to the region’s economy. This iconic mine has proven that robust infrastructure and a prolific geological setting can support decades of profitable operations, inspiring exploration efforts throughout the Quesnel Terrane and beyond.

As global demand for copper grows due to its role in green technologies and infrastructure development, the discovery of new deposits near Highland Valley could further cement Canada’s position as a top mining jurisdiction. In fact, new finds are critical. According to research from S&P Global Market Intelligence, owing to the energy transition and electrification of various sectors, the global copper market could face a significant supply-demand imbalance by 2035, with projected annual deficits potentially reaching 50 million metric tons (Mt). For context, this projected deficit is roughly equivalent to the total amount of copper utilized worldwide throughout the entire 20th century, a period marked by unprecedented industrial expansion.

New discoveries not only bolster the industry but also present economic opportunities for shareholders and local communities.

Pioneering the Future of Canadian Copper-Gold Exploration

Torr Metals (TSX.V: TMET), based in Vancouver, BC, is advancing district-scale projects with strong copper-gold potential. Its flagship Kolos Copper-Gold Project spans 240 km² in the Quesnel Terrane, a region known for hosting world-class porphyry systems. Kolos benefits from its strategic location, just 30 kilometers southeast of Highland Valley and 40 kilometers south of Kamloops, with direct access via Highway 5.

In its latest exploration efforts, Torr Metals made a breakthrough at the Sonic Zone, an area with no prior exploration history. Initial mapping and sampling revealed significant porphyry-style alteration and mineralization equivalent in size to a cluster of undrilled porphyry centers identified over the past year within the southern portion of the project area, marking a transformative step by potentially doubling high priority untested exploration targets at Kolos.

Rapidly Expanding Exploration Potential at the Sonic Zone

The Sonic Zone’s discovery underscores the potential of Torr’s Kolos Project. Key highlights include:

• High-Grade Copper Results: A rock grab sample returned 1.10% copper, emphasizing the area’s untapped exploration potential
• Expanding Exploration Footprint: The zone’s alteration footprint has grown from 2 km² to 12 km², signaling an extensive mineralizing system and confirming the prospectivity of additional high magnetic anomalies yet to be explored in the project area
• Geological Similarities to Major Systems: Alteration patterns and mineralized intrusions mirror features of established copper-gold porphyry systems like New Afton and Copper Mountain

This discovery is particularly promising due to its accessibility. Positioned adjacent to major infrastructure, the Sonic Zone allows for cost-effective exploration, reducing barriers to unlocking its full potential. Malcolm Dorsey, Torr Metals’ President and CEO, emphasized the significance of this find in a recent press release, stating, “The geological and geophysical similarities to nearby high-grade deposits underscore the immense potential for substantial new discoveries to be made in this area.”

Driving Shareholder Value

Torr Metals’ systematic approach combines advanced geological techniques and a commitment to sustainability. By focusing on accessible regions with established infrastructure, the company minimizes exploration risks while maximizing potential returns. The Sonic Zone’s discovery positions Torr Metals to attract increased investor interest as it progresses toward its next exploration milestones.

The Kolos Project’s discoveries highlight the broader potential for untapped resources in Canada’s Quesnel Terrane. With the growing global demand for copper, new findings like the Sonic Zone are essential to supporting the transition to renewable energy and infrastructure development. For Torr Metals, these opportunities offer a pathway to becoming a major player in the copper-gold mining industry, delivering both economic benefits and shareholder value.

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

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

• Healthcare is transitioning attention from general AI to targeted applications like patient risk assessment and workflow optimization to drive higher reimbursements.
• Adageis’s ProActive Care Platform addresses critical targeted areas like tracking revenue and performance from providing high-quality care.
• AI tools like Adageis’ patented Risk Engine enable proactive interventions, reducing costs and improving patient outcomes while increasing overall revenue.
• The company’s platform integrates seamlessly with major electronic health records (“EHR”) systems, in an easy-to-use app for providers.

Artificial intelligence is reshaping healthcare, moving from ambitious goals of Artificial General Intelligence (“AGI”) to more targeted, high-impact applications. This transition aligns with the practical demands of the healthcare industry, where solutions need to address specific pain points like patient care gaps, operational inefficiencies and rising costs. As AI becomes more integrated into healthcare, more specific use cases are likely to emerge, in areas such as patient care, medical imaging and diagnosis, research and development, healthcare management, and more.

Adageis is a preeminent healthcare technology company, reshaping patient care through flexible AI-centric software solutions for healthcare systems and providers in an easy-to-use application driving higher revenue. The company delivers solutions specifically tailored to healthcare providers, Accountable Care Organizations (“ACOs”), and Clinically Integrated Networks (“CINs”). Its powerful and patented AI-centric ProActive Care Platform integrates seamlessly into existing workflows, making it an ideal partner for organizations navigating the shift toward value-based care.

Adageis’ approach aligns with some of the most promising AI applications in healthcare, including:

• Patient Data Analytics for Risk Identification
  Adageis’ Patented Risk Engine analyzes patient data to identify high-risk individuals, enabling early interventions for chronic diseases or complications. This targeted approach reduces hospital readmissions and improves overall population health.
• Revenue Tracking and Forecasting
  Tracking revenue across multiple providers is a challenge, but AI simplifies it. Adageis’ platform ensures that medical practices have an up-to-date view of their value-based care revenue and performance.
• Clinical Decision Support
  By integrating with leading EHR systems like Epic and Cerner, Adageis delivers actionable insights at the point of care. These tools enhance decision-making without disrupting workflows.
• Administrative Task Automation
  Beyond patient care, Adageis optimizes administrative functions like supply chain management and resource allocation, directly impacting a provider’s bottom line.
• Continuous Patient Monitoring
  Adageis’ proactive efficiency tools enable real-time monitoring, ensuring that patients receive timely interventions between visits. This approach reduces emergency department utilization and improves patient satisfaction.

Value-based care emphasizes quality and outcomes over service volume, but achieving this shift requires advanced tools. Adageis offers a suite of AI-driven solutions that help providers meet value-based care metrics while improving patient outcomes. The company’s Value-Based Care Engine transforms care delivery by enabling providers to focus on high-risk patients and prioritize interventions. These capabilities help healthcare systems reduce costs, forecast and drive revenue, optimize care delivery, and align with payer incentives.

As healthcare continues to evolve, the shift from AGI to specific use cases will accelerate. Companies like Adageis are leading the charge, demonstrating how AI can address real-world challenges with precision and efficiency.

By prioritizing targeted solutions, Adageis not only transforms care delivery but also sets a benchmark for innovation in the industry. With its unique offering and proven ability to deliver tangible results, the company offers a compelling case for how AI can redefine healthcare—one specific use case at a time.

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

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

• The projects, totaling 25.577 MW, will be developed as community solar initiatives, with SolarBank managing the construction, operation and maintenance of the projects.
• The projects will use U.S.-manufactured equipment, aligning with Qcells’ investment in domestic solar production, while incentives from New York’s NY-Sun Program will further enhance the projects’ viability.
• Qcells is investing nearly $2.8 billion USD into boosting U.S. domestic solar manufacturing and innovation to support and accelerate the U.S. clean energy transition.

Disseminated on behalf of SolarBank Corporation

SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: 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., has sealed a $49.5 million USD transaction with Qcells, one of the world’s leading clean energy companies, for the acquisition of four ground-mount solar power projects that are under development in upstate New York (https://ibn.fm/A9JcD).

The projects, collectively generating 25.577 MW of solar energy, mark a significant collaboration between SolarBank and Qcells, underscoring a shared commitment to clean energy solutions. The Gainesville, Hardie, Rice Road, and Hwy 28 projects, are part of SolarBank’s ongoing initiative to develop ground-mount solar power sites. SolarBank originated the sites and facilitated their development through a completed Coordinated Electric System Interconnection Review (“CESIR”).

Once operational, these projects will function as community solar initiatives. This model allows renters and homeowners to subscribe to the projects and earn credits on their electricity bills based on the clean energy generated. This approach democratizes access to renewable energy without requiring individual installations. Community solar projects like these play an essential role in addressing energy accessibility and affordability, particularly in regions where installing solar panels on individual properties may not be feasible.

The projects will also benefit from New York State Energy Research and Development Authority (“NYSERDA”) incentives under the NY-Sun Program. These incentives are designed to accelerate the adoption of solar energy and reduce installation costs, enhancing the financial viability of renewable energy projects.

The partnership also highlights Qcells’ ongoing investment in the U.S. solar supply chain. With a commitment of $2.8 billion USD to onshore production, Qcells aims to strengthen domestic manufacturing, from solar panel components to finished products.

Qcells is a subsidiary of South Korea’s Hanwha Solutions and is widely recognized for its established reputation as a manufacturer of high-performance, high-quality solar cells and panels, portfolio of intelligent storage systems, and growing international pipeline of large-scale renewable energy projects. The company is headquartered in Seoul, South Korea, and operates diverse international manufacturing facilities in the U.S., Malaysia and South Korea.

“At Qcells, we are dedicated to delivering clean, affordable energy solutions to communities nationwide and around the globe,” said Jin Han, Corporate Officer, Head of Distributed Energy at Qcells North America. “With a commitment of nearly $2.8 billion, we are working hard to onshore production of the solar supply chain from ingots and wafers to cells and finished panels. Each step we take strengthens domestic solar manufacturing, drives the clean energy transition and brings us closer to a sustainable future for all.”

Under the terms of the agreement, SolarBank’s responsibilities extend beyond the sale of the projects. The company will oversee their construction through engineering, procurement and construction (“EPC”) agreements, and will retain operational management post-completion. This integrated approach ensures project quality and long-term performance.

The deal also aligns with SolarBank’s strategic focus on leveraging U.S.-based manufacturing to advance clean energy projects. “I am extremely pleased to have entered into this transaction with Qcells. Qcells is making a substantial investment in U.S. domestic manufacturing for solar panels and SolarBank is excited to be supporting them in developing these four projects using made in the USA equipment,” said Dr. Richard Lu, Chief Executive Officer of SolarBank.

This transaction is part of a broader trend toward renewable energy adoption as companies like SolarBank and Qcells innovate to meet growing energy demands sustainably. With its extensive renewable energy expertise, SolarBank already has an impressive portfolio of renewable energy initiatives including more than 100 megawatts of developed capacity and a pipeline exceeding one gigawatt.

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

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

There are several risks associated with the development of the Projects. The development of any project is subject to required permits, the continued availability of third-party financing arrangements for Qcells, the risks associated with the construction of a solar energy project. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar energy projects, which could result in future projects no longer being economic. Qcells will pay the purchase price for the Projects, and construction costs under the EPC agreements, in stages. If Qcells does not obtain the necessary financing, the Company is obligated to reacquire the projects subject to retention of an initial payment. This report contains forward looking information. Please refer to https://ibn.fm/G76GJ for additional discussion of the assumptions and risk factors associated with the projects and statements made in this report.