Business
NU E Power Corp. Announces $1.8 Million Private Placement to Advance Lethbridge Solar Phases and Fund Feasibility & Environmental Studies in Mongolia, Malaysia, and Africa
Calgary, Alberta--(Newsfile Corp. - December 8, 2025) - NU E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") is pleased to announce that it intends to complete a non-brokered private placement of up to 15,000,000 units of the Company (the "Units"), at a price of $0.12 per Unit, for aggregate gross proceeds of up to $1,800,000 (the "Offering").Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share...
About this update from Nu E Power Corp.
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - December 8, 2025) - NU E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") is pleased to announce that it intends to complete a non-brokered private placement of up to 15,000,000 units of the Company (the "Units"), at a price of $0.12 per Unit, for aggregate gross proceeds of up to $1,800,000 (the "Offering").","length":404,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant of the Company (each, a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one further Common Share (each, a "Warrant Share") at a price of $0.25 per Warrant Share for a period of 24 months after the closing date of the Offering. ","length":433,"tagName":"p"},{"type":"text","content":"The proceeds from the Offering will be directed toward the phased development of the Company's Lethbridge Solar projects in Alberta, as well as the completion of feasibility and environmental studies across its international portfolio in Mongolia, Malaysia, and select African markets. A portion of the proceeds will also be allocated to corporate development and strengthening NU E's execution team as the Company accelerates into 2026.","length":445,"tagName":"p"},{"type":"text","content":"Brodie Gunning, President & Chief Executive Officer of NU E Power Corp., commented:","length":87,"tagName":"p"},{"type":"text","content":""This financing marks a critical inflection point for NU E as we transition from project aggregation into active phased development across multiple continents. The proceeds will directly advance our Lethbridge solar assets toward construction readiness while enabling feasibility and environmental studies in Mongolia, Malaysia, and key African markets. Just as importantly, this capital allows us to strengthen our execution team as we enter 2026 with a global hybrid power pipeline designed specifically for the accelerating demands of AI, digital infrastructure, and industrial electrification. Power is becoming the defining constraint of the modern economy—and NU E is positioning itself to build the infrastructure that unlocks that next era of growth."","length...