Nexera Energy Inc. Announces Intention to File Change of Business with TSX Venture Exchange
Nexera Energy Inc. (TSXV: NGY) (OTC Pink: EMBYF) (the “Corporation” or “Nexera”) is pleased to announce that it intends to file a Change of Business application with the TSX Venture Exchange (the “Exchange”). The proposed change reflects the Corporation’s strategic transition from oil and gas exploration and production to waste tire recycling.
Nexera intends to reposition itself as an industrial manufacturing company focused on the recycling of end-of-life tires using advanced pyrolysis technology. Pyrolysis is a proven thermal process that converts scrap tires into their component materials, providing a high-value and environmentally responsible solution for tire recycling.
More than 400 million tires are disposed of annually in North America. The waste tire recycling market, currently estimated at approximately $4.9 billion per year, is projected to grow to more than $13 billion by 2033, driven by increasing regulatory requirements and demand for sustainable, eco-friendly waste management solutions.
The proposed Change of Business remains subject to Exchange approval and the satisfaction of all applicable regulatory requirements. Further details regarding the Corporation’s new business direction will be provided in subsequent announcements.
ABOUT NEXERA ENERGY INC.
Nexera Energy Inc. (TSX Venture: NGY) is an energy company with oil producing properties in Southwest Texas. Nexera is owner and operator of the Lavernia, Wooden Horse and Stockdale Horizon Projects. The Company also owns 100% of Production Resources Inc., a South Texas oil company.
For further information, please contact:
Nexera Energy Inc. President, Shelby D. Beattie, (403) 262-6000, info@nexeraenergy.com, www.nexeraenergy.com.
