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Iranian Foreign Minister Abbas Araghchi said that indirect nuclear talks with the U.S. in Oman were ‘a good start’ and that there was a ‘consensus’ that the negotiations would continue.

‘After a long period without dialogue, our viewpoints were conveyed, and our concerns were expressed. Our interests, the rights of the Iranian people, and all matters that needed to be stated were presented in a very positive atmosphere, and the other side’s views were also heard,’ Araghchi said.

‘It was a good start, but its continuation depends on consultations in our respective capitals and deciding on how to proceed,’ he added.

Omani Foreign Minister Badr al-Busaidi met with both Iranian and American officials on Friday, the Foreign Ministry of Oman said on X. The ministry said that al-Busaidi held separate meetings with Araghchi and U.S. special envoy Steve Witkoff and Jared Kushner.

‘The consultations focused on preparing the appropriate conditions for resuming diplomatic and technical negotiations, while emphasizing their importance, in light of the parties’ determination to ensure their success in achieving sustainable security and stability,’ the Foreign Ministry of Oman said.

Oman reportedly put out a public statement acknowledging the talks after journalists with The Associated Press saw Iranian and American officials separately visit the palace, the outlet reported. The AP said it was not immediately clear if talks were done for the day, but noted that the palace was empty after the convoys left.

The Iranian representatives reportedly met with al-Busaidi first, and only after their convoy left the palace did another set of vehicles arrive, one of which had an American flag, according to the AP. The outlet said the SUV flying the American flag stayed at the palace for an hour and a half.

The talks were initially set to take place in Turkey, but were later moved, according to Secretary of State Marco Rubio, who confirmed the change in venue on Wednesday.

‘We thought we had an established forum that had been agreed to in Turkey. It was put together by a number of partners who wanted to attend and be a part of it,’ Rubio said when taking questions from reporters on Wednesday.

‘I saw conflicting reports yesterday from the Iranian side saying that they had not agreed to that. So, that’s still being worked through. At the end of the day, the United States is prepared to engage in, has always been prepared to engage with Iran.’

Iranian officials also reportedly tried to limit the talks to a bilateral U.S.-Iran format, excluding other Arab and regional countries, according to Axios.

Tensions between Iran and the U.S. have been high since Washington bombed Tehran’s nuclear facilities in the summer of 2025. Things escalated further as the U.S. condemned Iran’s treatment of anti-regime protesters, with President Donald Trump threatening to act if government actors used violence against demonstrators.

Trump recently said in an interview with NBC News that Iranian Supreme Leader Ayatollah Ali Khamenei ‘should be very worried,’ though the president acknowledged that the two countries were ‘negotiating.’

When pressed about why he has not followed through on threats to take action if the regime used violence against protesters, Trump said that the U.S. ‘had their back’ and that the ‘country’s a mess right now because of us,’ referring to the strikes on Iran’s nuclear facilities. Trump also told NBC News that the U.S. had learned that Iran was attempting to build a new nuclear site in a different part of the country.

The president said that he issued a threat that if Iran were to build a new nuclear facility, the U.S. would ‘do very bad things.’

It is not immediately clear whether there will be more discussions over the course of the weekend or if there are any plans for direct discussions between Iranian and American officials.

The State Department did not immediately respond to Fox News Digital’s request for comment.

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House Oversight Chairman James Comer, R-Ky., announced Friday that he’s investigating companies linked to Ilhan Omar’s, D-Minn., husband, citing a dramatic increase in value in a short time and raising questions about whether their success could be tied to widespread fraud schemes uncovered in Minnesota. 

In a letter published Friday morning, Comer said the Oversight Committee would conduct a closer look at the ventures of Tim Mynett, who married Omar in March 2020.

‘We want to know: who’s funding this? And who’s buying access?’ Comer said.

In his letter, Comer described how two of Mynett’s companies, eStCru LL. and Rose Lake Capital LL., went from being worth $51,000 in 2023 to up to $30 million in 2024.

‘Given that these companies do not publicly list their investors or where their money comes from, this sudden jump in values raises concerns that unknown individuals may be investing to gain influence with your wife,’ Comer wrote in his letter to Mynett, citing congressional financial disclosures.

The Oversight Committee is asking Mynett to produce communications regarding the companies’ latest audits, communications with the Securities and Exchange Commission (SEC), correspondence with any other federal agencies and travel records to or from the United Arab Emirates, Somalia or Kenya.

Comer did not explain how the committee is approaching the investigation but hinted that lawmakers were on guard for possible connections to the fraud schemes in Minnesota.

‘The Committee on Oversight and Government Reform is investigating widespread fraud in Minnesota’s social service programs,’ Comer told Mynett in his letter.

Mynett and Omar have come under public scrutiny in recent months as financial reports revealed that the pair’s wealth has grown exponentially since Omar arrived in Congress in 2019.

Those concerns overlap with ongoing federal, state and congressional probes into as much as $9 billion in state funding that Minnesota may have lost to fraud. Through scores of schemes, fraudsters allegedly siphoned funding from government programs like daycare centers and health clinics while returning no benefits, greatly exaggerating their services and pocketing government funding.

Rep. Tom Emmer, R-Minn., the House whip and No. 2 Republican in the chamber, said he expects the public will soon secure answers through the Oversight Committee’s demands for additional details.

‘As President Trump said last month: Time will tell all. I’m confident that Rep. Comer’s investigation into Ilhan Omar’s suspiciously exploding wealth will reveal the truth. The truth sets some people free, but it may send Ilhan packing.’

The committee has asked to see its requested information no later than Feb. 19.

Rep. Omar’s office did not immediately respond to a request for comment.

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Sen. Lindsey Graham, R-S.C., swiftly pulled the plug on a meeting with Lebanese Chief of Defense Gen. Rodolphe Haykal after the Lebanese official refused to confirm that the Iranian regime-backed Hezbollah movement is a terrorist organization.

Graham posted to X a blunt message about his frustration with the state of Lebanon in particular and Mideast power politics in general.

 ‘I just had a very brief meeting with the Lebanese Chief of Defense General Rodolphe Haykal. I asked him point blank if he believes Hezbollah is a terrorist organization. He said, ‘No, not in the context of Lebanon.’ With that, I ended the meeting. They are clearly a terrorist organization. Hezbollah has American blood on its hands. Just ask the U.S. Marines,’ 

He continued, ‘They have been designated as a foreign terrorist organization by both Republican and Democrat administrations since 1997 – for good reason. As long as this attitude exists from the Lebanese Armed Forces, I don’t think we have a reliable partner in them. I am tired of the double speak in the Middle East. Too much is at stake.’

Haykal’s refusal to recognize that Hezbollah is a terrorist organization set off security alarm bells among leading experts on the movement.

Matthew Levitt, a leading scholar on Hezbollah from the Washington Institute, told Fox News Digital that, ‘Gen. Haykal’s comment is only going to further concerns that the LAF sees Hezbollah as an actor with which it should deconflict, rather than disarm. The ceasefire agreement is clear that Hezbollah must be disarmed, in both the south and north of the country. In several instances to date, the LAF appears to have shared with Hezbollah targeting intelligence obtained from Israel through the US-led mechanism rather than acting on it.’

He added, ‘At a time when the LAF is seeking international aid, purportedly to disarm Hezbollah, failing to recognize the group as an adversary not only of Israel but of Lebanon as well undermines the case for further funding.’

Fox News Digital sent multiple press queries to Lebanon’s embassy in Washington, D.C.

Sarit Zehavi, a leading Israeli security expert on Hezbollah from the Israel Alma Research and Education Center, told Fox News Digital that, ‘I was not surprised by what Haykal said. This is exactly the problem. Hezbollah is not designated as a terrorist organization in Lebanon. The Lebanese army… is not willing to clash with Hezbollah. Hezbollah is not willing to voluntarily disarm. It will not happen as long as there is no clash.’

Zehavi claimed the Lebanese Armed Forces has ‘helped Hezbollah to conceal is military activity and weapons storages in south Lebanon.’

The U.S. brokered a ceasefire in Nov. 2024 between Hezbollah and Israel. In August, Lebanon’s government accepted an American plan to disarm the group by the end of 2025. That deadline does not seem to have been met.

U.S. Ambassador to Turkey, Thomas Barrack, who also serves as envoy to Syria, said at a recent Milken Institute event that Lebanon is a ‘failed state.’ 

Barrack said, ‘The confessional system does not work. A Maronite president, a Sunni prime minister and a Shia speaker; 128 parliamentary seats split equally between Islam and Christians; everything is a deadlock.’

He said, ‘Hezbollah is a foreign terrorist by U.S. standards,’ and ‘it also happens to be a large political party within Lebanon that has blocking rights… This idea of saying you have to disarm Hezbollah … you’re not actually gonna do it militarily.’

Barrack said, ‘The U.S. is saying Hezbollah needs to be disarmed, Hezbollah is a foreign terrorist organization, it cannot exist. My personal opinion is you kill one terrorist, you create 10. That can’t be the answer.’ He urged the Lebanese political leadership to ‘run to Israel and make a deal…there is no other answer.’

Walid Phares, an American academic expert on Hezbollah and Lebanon who has advised U.S. presidential candidates, told Fox News Digital that ‘The disarming of Hezbollah is not just a U.S. and international request but also and most importantly a request by a majority of Lebanese since at least the Cedars Revolution in 2005, when 1.5 million Lebanese Christians, Druze and Sunnis rallied against the Syrian occupation and the Khomeinist militia.’

He added, ‘While the Assad forces withdrew, Hezbollah remained armed. In May 2008, the radical Shia militia conducted an urban military coup against the pro-Western government and seized full power until the Israel-Iran war, known as the 12-day war of 2025. The latter was provoked by Hezbollah siding with Hamas during the Oct. 7 war.’

Fox News Digital reported in November that the Trump administration ramped up pressure on the Lebanese government to disarm Hezbollah.

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President Donald Trump on Thursday signed an executive order requiring the government to assess foreign weapons sales based on their impact on U.S. production capacity for key systems and to favor allies whose defense investments and strategic importance align with U.S. national security priorities.

Under the order, obtained first by Fox News Digital, the Departments of War, State and Commerce are instructed to ensure that U.S. arms transfers support weapons systems deemed most operationally relevant to the National Security Strategy, reinforce critical supply chains, and prioritize partners that have invested in their own defense and occupy strategically important regions.

The administration argues that past arms transfer policy allowed foreign demand to shape U.S. production decisions, contributing to backlogs, cost overruns and delivery delays that left both the U.S. military and its allies waiting years for critical equipment.

‘The America First Arms Transfer Strategy will now leverage over $300 billion in annual defense sales to strategically reindustrialize the United States and rapidly deliver American-manufactured weapons to help our partners and allies establish deterrence and defend themselves,’ according to a White House fact sheet.

A central goal of the order is to speed up a foreign military sales process that defense officials and industry leaders have long criticized as slow and overly bureaucratic. The order directs federal agencies to identify ways to streamline enhanced end-use monitoring requirements, third-party transfer approvals and the congressional notification process — steps the administration says have contributed to years-long delays in delivering U.S. weapons overseas.

The order also creates a new Promoting American Military Sales Task Force charged with overseeing implementation of the strategy and tracking major defense sales across the government. In a move aimed at increasing accountability, the administration says agencies will be required to publish aggregate quarterly performance metrics showing how quickly defense sales cases are being executed.

 The strategy also signals a shift in how the United States prioritizes its partners. The order directs the government to favor countries that have invested in their own defense and occupy strategically important regions, effectively tying arms sales decisions more closely to U.S. military planning and geographic priorities.

Other partners could face longer timelines or lower priority if their requests do not align with U.S. strategic or industrial objectives. While the order does not name specific countries, it reflects an effort to focus limited U.S. production capacity on allies viewed as most critical to executing the National Security Strategy.

The order also instructs the War, State and Commerce departments to ‘find efficiencies in the Enhanced End Use Monitoring criteria, the Third-Party Transfer process, and the Congressional Notification process.’

Congress will likely be watching how the administration implements the order, especially provisions aimed at speeding both oversight of U.S. weapons once they are sold abroad and the process for notifying lawmakers about major arms deals. Lawmakers have argued those steps help prevent misuse of U.S. weapons, even as they have criticized delays that slow deliveries to allies.

The order follows a series of recent defense-related executive actions taken by Trump. In January 2026, he signed an order directing defense contractors to prioritize production capacity, innovation and on-time delivery over stock buybacks and other corporate distributions.

That built on an April 2025 order aimed at improving speed and accountability in the foreign military sales system, as well as a January 2025 order focused on modernizing defense acquisitions and reducing red tape across the defense industrial base.

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Former president Bill Clinton said on X that he has shared what he knows about the crimes of disgraced financier Jeffrey Epstein in a sworn statement shared with the House Oversight Committee, which both Bill and Hillary Clinton have agreed to testify in front of under subpoena pressure.  

‘I have called for the full release of the Epstein files. I have provided a sworn statement of what I know,’ the former president said on X, formerly Twitter, Friday afternoon. ‘And just this week, I’ve agreed to appear in person before the committee. But it’s still not enough for Republicans on the House Oversight Committee.’

In the wake of news that the Clintons would comply with House Republicans’ subpoenas to testify, after concerns they would not and threats of contempt, Republicans accused the Clintons of ‘requesting special treatment.’

After the Clinton’s attorneys sent the House Oversight Committee a letter indicating they would comply and testify under certain conditions, Democrat Ranking Member of the committee, Robert Garcia, said the letter amounted to full compliance with the committee’s demands.

However, House Oversight Committee Chairman James Comer disputed the characterization, telling Fox News Digital the agreement lacked specificity.  

‘The Clintons’ counsel has said they agree to terms, but those terms lack clarity yet again, and they have provided no dates for their depositions,’ Comer said. ‘The only reason they have said they agree to terms is because the House has moved forward with contempt. I will clarify the terms they are agreeing to and then discuss next steps with my committee members.’

The Clintons’ change of heart led the House to temporarily pause proceedings on holding them in contempt on Monday night. 

Democrats on the committee have pointed out that Comer has not pushed to hold others who did not appear in contempt, nor has he made any threats against the DOJ for failing to produce all of its documents on Epstein by a deadline agreed to by Congress late last year. The department has produced a fraction of the documents expected so far.

‘Now, Chairman Comer says he wants cameras, but only behind closed doors. Who benefits from this arrangement? It’s not Epstein’s victims, who deserve justice,’ Clinton said in his X post on Friday afternoon. ‘Not the public, who deserve the truth. It serves only partisan interests. This is not fact-finding, it’s pure politics.’

‘Now, Chairman Comer says he wants cameras, but only behind closed doors,’ he continued. ‘Who benefits from this arrangement? It’s not Epstein’s victims, who deserve justice. Not the public, who deserve the truth. It serves only partisan interests. This is not fact-finding, it’s pure politics.’

 

Fox News Digital’s Greg Wehner and Elizabeth Elkind contributed to this report.

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LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) is pleased to announce that it has granted incentive stock options (‘Options’) to management and consultants of the Company to acquire an aggregate of 1,000,000 common shares at $0.50 per share, for a period of three years. These Options have been granted in accordance with the Company’s stock option plan.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 16,600 hectares (166 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282966

News Provided by TMX Newsfile via QuoteMedia

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For investors who want to gain exposure to artificial intelligence stocks, exchange-traded funds (ETFs) are a popular avenue, because AI ETFs allow investors exposure to the overall market rather than individual AI stocks.

AI investing has exploded in popularity in recent years, particularly with the proliferation and advancement of generative AI technology. Today, many of the world’s largest tech stocks are focused on increasing their AI capabilities, or developing and supplying the hardware and technology needed to support the industry.

However, the sector has a long history. The phrase ‘artificial intelligence’ has been around since 1955, when it was used to describe a new computer science subdiscipline. Today, we use AI to describe simulated intelligence in machines. In other words, machines with AI are capable of simulating thinking like people and mimicking their actions.

As applications for AI rapidly expand, it’s clear that this market isn’t going away anytime soon.

1. Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ)

Assets under management: US$7.97 billion

The Global X Artificial Intelligence & Technology ETF is passively managed, tracking the Indxx Artificial Intelligence & Big Data Index. The Global X fund, which was established in May 2018, has an expense ratio of 0.68 percent.

‘AIQ is passively managed to invest in developed market companies that are involved in the use of artificial intelligence to analyze big data, whether for their own operations, as a service to other companies, or through the production of related hardware,’ according to ETF.com.

The Global X Artificial Intelligence & Technology ETF’s 87 holdings include Samsung Electronics (KRX:005930), Alphabet (NASDAQ:GOOGL) and Micron Technology (NASDAQ:MU).

2. Defiance Quantum ETF (NASDAQ:QTUM)

Assets under management: US$3.67 billion

The Defiance Quantum ETF launched in September 2018. It tracks an index composed of 84 companies that derive at least half of their annual revenues from quantum computing and machine learning technology development activities.

The fund has the lowest expense ratio of the five AI funds on this list at 0.4 percent.

Some of the ETF’s top holdings include Quantum Emotion (TSX:QNC), Micron Technology and MKS (NASDAQ:MKSI).

3. Dan IVES Wedbush AI Revolution ETF (ARCA:IVES)

Assets under management: US$1.04 billion

The newest addition to this list, the Dan Ives Wedbush AI Revolution ETF launched on June 4, 2025, as Wedbush Fund’s inaugural ETF. The ETF’s holdings are based on the research of Dan Ives, Wedbush’s Global Head of Technology Research, and on the IVES AI 30 list, which is updated on a quarterly basis. It has an expense ratio of 0.75 percent.

The Dan Ives Wedbush AI Revolution ETF has 32 holdings comprising mostly large-cap tech stocks based in North America. Its top holdings include Micron Technology, Taiwan Semiconductor Manufacturing Company (NYSE:TSM) and NVIDIA (NASDAQ:NVDA).

4. Roundhill Generative AI & Technology ETF (ARCA:CHAT)

Assets under management: US$1.036 billion

The Roundhill Generative AI & Technology ETF launched on May 13, 2023, and focuses on companies that will benefit from the growth of generative AI. Companies must derive 50 percent of their revenue from generative AI or tech to qualify for its portfolio.

This AI ETF is actively managed and does not track an index. It has an expense ratio of 0.75 percent.

The ETF has 49 holdings, with 98 percent being large-cap companies. Its top holdings include Alphabet, NVIDIA and Microsoft (NASDAQ:MSFT), and it offers exposure to North American and Asian tech firms.

5. Invesco AI and Next Gen Software ETF (ARCA:IGPT)

Assets under management: US$715.8 million

The last AI ETF on this list is the Invesco AI and Next Gen Software ETF. It is the longest running compared to the other ETFs on this list, having launched in June 2005. The fund has an expense ratio of 0.58 percent.

It is based on the STOXX World AC NexGen Software Development Index and tracks the performance of companies that derive a direct revenue from technologies or products that contribute to future software development.

The Invesco AI and Next Gen Software ETF’s 100 holdings include Micron Technology, Meta Platforms (NASDAQ:META) and Advanced Micro Devices (NASDAQ:AMD).

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

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Anna Serin of the Canadian Securities Exchange (CSE) and Eduardo Carmona of the National Stock Exchange of Australia (NSX) discuss the CSE’s recent acquisition of the NSX, outlining what it means for both companies and investors.

‘What we’re hoping to create, and where we think the opportunity lies in Australia, is creating the venture market a little bit like the CSE’s done (in Canada),’ Carmona explained.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Proceeds to be used to Accelerate Procurement and Component Assembly for Demonstration Facility Deployment in Iceland

Syntholene Energy CORP. (TSXV: ESAF,OTC:SYNTF) (FSE: 3DD0) (OTCQB: SYNTF) (the ‘Company’ or ‘Syntholene’) announces that it intends to complete a non-brokered private placement of up to $2.0 million (the ‘Financing’).

The Financing is expected to consist of the issuance of units of the Company (the ‘Units’) at a price of $0.45 per Unit, with each Unit comprising one common share of the Company (a ‘Common Share’) and one non-transferable common share purchase warrant (each whole warrant, a ‘Warrant’). Each whole Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.63 for a period of two years from the date of issuance, subject to an acceleration provision in accordance with the terms of the Financing.

Gross proceeds from the Financing are expected to be used as follows: up to approximately $1.5 million toward the procurement and assembly of components for the Company’s planned demonstration facility in Iceland, and up to approximately $0.5 million toward corporate marketing initiatives, investor relations and working capital.

The Company expects that insiders of the Company may participate in the Financing. The extent of insider participation, if any, has not been determined at this time. 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 pursuant to the Financing 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 pursuant to the Financing 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. This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Syntholene

Syntholene is actively commercializing its novel 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 today. The company’s mission is to deliver the world’s first truly 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, for the first time.

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.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.

For further information, please contact:
Dan Sutton, CEO
comms@syntholene.com
www.syntholene.com
+1 608-305-4835

Investor Relations
KIN Communications Inc.
604-684-6730
ESAF@kincommunications.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the completion of the Financing, the proposed use of proceeds of the Financing, TSXV approval, development of the test facility, commercial scalability, technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to complete the Financing on the proposed terms or at all, that the TSXV will approve the Financing, the Company will be able to execute its business plan, including that it will use the Proceeds of the Financing, if any, as described herein, that the Company will be able to advance its planned test facility, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282924

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