NU E Power Corp. has announced a $1.8mn (CAD2.43mn) non-brokered private placement to finance the advancement of its solar projects located in Lethbridge, Alberta, and to carry out feasibility and environmental studies across several international markets, including Mongolia, Malaysia, and Africa. The operation includes the issuance of 15 million units of the company at a unit price of $0.12.
A multi-continent strategy driven by solar energy
Each unit issued consists of one common share and one half of a warrant to purchase an additional share at a price of $0.25, exercisable within 24 months from the closing date. Net proceeds will be used to accelerate the phased development of NU E Power’s Canadian solar assets, aiming for construction readiness in the near term.
The company also intends to invest in technical and environmental assessments for its projects located outside Canada. These evaluations, focused in Asia and Africa, aim to structure the next stages of its global portfolio, which is geared towards hybrid energy production tailored to high-demand sectors.
Strengthening teams to support growth
A portion of the raised funds will be allocated to bolstering the operational team and internal structuring of the company. NU E Power is preparing to enter the active phase of its projects in 2026, targeting the growing energy needs of digital infrastructure, artificial intelligence, and industrial electrification.
The private placement is expected to close around January 15, 2026, subject to regulatory approvals, including from the Canadian Securities Exchange. Issued securities will be subject to a statutory hold period of four months and one day from the date of issuance.
Placement terms and incentives for finders
The placement includes a finders’ fee of up to 7% in cash and options equivalent to 7% of the units sold to certain eligible parties. These options will have an exercise price equal to the unit price, set at $0.12.
No offer will be made in jurisdictions where it would be unlawful, and the securities will not be registered under the United States Securities Act of 1933. Sales in the United States will only occur under an exemption or registration in accordance with applicable laws.
