BluMetric Announces Acquisition of Whitteker Environmental Services to Expand Recurring Water Testing Services

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BluMetric Announces Acquisition of Whitteker Environmental Services to Expand Recurring Water Testing ServicesOttawa, Ontario--(Newsfile Corp. - April 1, 2026) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) ("BluMetric" or "the Company"), an engineering WaterTech and full-service environmental consulting firm, is pleased to announce it has closed on the acquisition of all issued and outstanding shares of Whitteker Environmental Services Inc. ("WES"). WES is an Ontario-based provider of water and wastewater system operations and testing services aimed at supporting the management and regulatory compliance of drinking water."We're excited to welcome WES to the team and expand our recurring water testing services," stated Scott MacFabe, Chair and CEO. "These services are complementary to our current work in Professional Services and executed under multi-year terms with marquee clients like municipalities. This adds to our capabilities in Eastern Ontario while driving high quality revenues that are not impacted by seasonality."Pursuant to the terms of a share purchase agreement dated April 1, 2026, between the Company and Curtis Whitteker, the Company acquired all the issued and outstanding shares of WES for the purchase price of $1,250,000 (the "Purchase Price"). The Purchase Price was satisfied through (a) an initial cash payment of $800,000; (ii) the issuance of 248,576 common shares of the Company (the "Consideration Shares") at a deemed price of $1.01 per Consideration Share; and (iii) a cash-based earnout of up to $200,000 to be paid 12 months after the date of closing (the "Earnout"). The Earnout may be reduced on a pro-rata basis if WES' annual revenue for the 12-month period following the Closing Date is less than annual revenue for the 12-month period prior to the Closing Date. The Consideration Shares will be subject to a four-month hold period.For the twelve-month period ending December 31, 2025, based on unaudited figures currently available, WES' revenues stood at approximately $950,000 with Adjusted EBITDA1 of approximately $350,000.WES' head office is located at 4147 Brinston Rd, Brinston, Ontario and works with municipalities and other operators to ensure safe, reliable and compliant water services.About BluMetric Environmental Inc.BluMetric Environmental Inc. is a publicly traded water technology and environmental engineering...

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