Chicago, Illinois — February 6, 2026 — Leads & Copy — Syntholene Energy Corp. plans to complete a non-brokered private placement of up to $2.0 million.
The financing is expected to consist of the issuance of units at a price of $0.45 per unit. Each unit will comprise one common share and one non-transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of $0.63 for two years from the date of issuance, subject to an acceleration provision.
Gross proceeds from the financing are expected to be used with up to $1.5 million toward procuring and assembling components for the company’s planned demonstration facility in Iceland. Up to $0.5 million will be used toward corporate marketing initiatives, investor relations and working capital.
Insiders of Syntholene may participate in the financing. The extent of insider participation, if any, has not been determined. Any insider participation will be disclosed in accordance with the policies of the TSX Venture Exchange and applicable securities laws.
Finder’s fees may be payable in connection with the financing, subject to compliance with applicable securities laws and the policies of the TSX Venture Exchange.
All securities issued will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. Completion of the financing remains subject to the receipt of all required regulatory approvals, including approval of the TSX Venture Exchange.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Syntholene is commercializing its Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology. Syntholene’s mission is to deliver high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels.
Syntholene’s power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20MW of dedicated energy to support the company’s upcoming demonstration facility and commercial scale-up.
Syntholene was founded by operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets. Syntholene aims to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.
Source: Syntholene Energy Corp.
