Nu E Power Corporation - NUE: CSE

• Current Market Cap $18.1M

• Shares O/S 30.50M

• Warrants 7.425M @ $0.50

• Options 2.1M @$0.50

• FD Shares O/S 40.13

Mandate: To develop and construct renewable energy infrastructure across North America focusing on solar in Alberta.

Management has previous extensive experience in this field and has 600 MW under various stages of development in Alberta with the plan to increase to 2GW.

Why Alberta:

• Abundant solar resources

• Shift away from coal is almost complete.

• Deregulated electricity market

• Federal Clean Energy programs and incentives

• which will refund 30% of cost of investment

• Recipient of carbon credits

Nu E Advantage:

• Unlike many renewable energy companies, NU E has a financial partnership with Low Carbon out of the UK (49% owned by Mass Mutual) and has committed to funding up to $1.5 billion by mid-2027 in renewable infrastructure. Low Carbon currently has >30GW of projects globally, in different phases of construction.

• NU E is responsible for project generation and permitting. Will receive an FID bonus and 25% of Revenue after the projects reach payout and cover 50% of G&A during this process. NU E has the option to hold or sell any of these projects

• Free cash flow of $10.9M expected in next 24 months.

Projects:

• 8.75MW solar development in Lethbridge AB with first production slated for Q3 2024

• Four other projects totalling 495.5 MW in various stages of permitting

Green Hydrogen:

• NU E just announced the acquisition of $49% of Diloo Energy Corporation for $4M (the share exchange ratio will be determined upon signing of the definitive agreement. Diloo is partnered with numerous Indigenous groups and is developing 120MW of clean energy in Alberta by permitting and constructing green hydrogen Infrastructure.

• Devon Sandford (Founder) has broad experience on multiple levels in project development and will be the incoming CEO, upon closing.