Business
NXT Energy Receives US$2 Million Strategic Investment from Mork Capital to Advance Application of SFD(R) Technology in Canada
Investment enhances balance sheet flexibility as the Company accelerates efforts to enhance share...
About this update from Nxt Energy Solutions Inc.
[{"type":"text","content":"NXT Energy Receives US$2 Million Strategic Investment from Mork Capital to Advance Application of SFD(R) Technology in CanadaInvestment enhances balance sheet flexibility as the Company accelerates efforts to enhance shareholder value by leveraging its extensive SFD® data library. CALGARY, AB / ACCESS Newswire / November 24, 2025 / NXT Energy Solutions Inc. (\"NXT\" or the \"Company\") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that it has received a US$2,000,000 strategic investment (the \"Investment\") by way of a private placement of common shares to its largest shareholder MCAPM LP (\"Mork Capital\") to advance the application of the Company's proprietary Stress Field Detection (\"SFD®\") technology within select areas of Western Canada. The Investment proceeds provide NXT with enhanced balance sheet flexibility to accelerate widespread usage of SFD® data in Canada while preserving its core business model as a technology and service provider.As part of this process, the Company has engaged Baycrest Energy Ltd. to assist in evaluating strategic pathways related to this initiative. The board of directors of the Company (the \"Board\") believes this initiative represents a meaningful opportunity to unlock shareholder value from NXT's extensive proprietary SFD® data library, which includes more than 50,000 line-kilometers of airborne geophysical data in the Western Canadian sedimentary basin.In alignment with this strategic initiative, NXT is pleased to announce that Bruce G. Wilcox, NXT's CEO, has recommended the appointment of Eugene Woychyshyn as President & Chief Financial Officer, effective immediately, with full support from the Board. Mr. Woychyshyn has served as CFO of NXT since 2018 and brings extensive experience across finance, operations, and capital markets to his expanded leadership role.Mork Capital has been issued 7,050,500 common shares of the Company at a price of CAD$0.40 per share for total gross proceeds of approximately US$2,000,000. Mork Capital now owns approximately 32.3% of the outstanding common shares of the Company. The common shares issued as a result of the Investment will be subject to a hold period of four months plus a day from the date of issuance. The Company has received conditional approval from the Toronto Stock Exchange (the \"TSX\") for the Investment.The securi...