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

Overview

Chicago, Illinois—(Newsfile Corp. – February 6, 2026) – SYNTHOLENE ENERGY CORP. (TSXV: ESAF) (FSE: 3DD0) (OTCQB: SYNTF) (the "Company" or "Syntholene") has announced an upcoming non-brokered private placement aimed at securing up to $2.0 million through a financing initiative. This strategic move is designed to bolster the company’s efforts toward developing and deploying its demonstration facility in Iceland.

Financing Details

The planned financing initiative is expected to involve the issuance of units of the Company (the "Units") at a price point of $0.45 per Unit. Each Unit will consist of one common share of the Company (a "Common Share") and a non-transferable common share purchase warrant (each whole warrant, a "Warrant"). The Warrant will allow the holder the option to purchase an additional Common Share at an exercise price of $0.63 within two years of issuance, subject to specific acceleration provisions in line with the financing terms.

Use of Proceeds

Anticipated gross proceeds from this financing round are earmarked for specific uses: approximately $1.5 million will be directed toward the procurement and assembly of components necessary for Syntholene’s demonstration facility in Iceland. The remaining estimated $0.5 million will be allocated for various corporate marketing initiatives, enhancement of investor relations, and general working capital needs.

Insider Participation and Finder’s Fees

The Company expects potential participation from insiders in this financing round; however, the extent of such participation has yet to be finalized. Any insider involvement will be disclosed in compliance with the TSX Venture Exchange’s policies and applicable securities laws. Additionally, finder’s fees may be applicable, contingent upon adherence to relevant securities regulations alongside TSX Venture Exchange policies.

Regulatory Approvals and Securities Laws

All securities acquired through this financing process will be subjected to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities regulations. Closing of this financing is contingent on receiving all necessary regulatory approvals, which includes consent from the TSX Venture Exchange.

It is critical to note that the securities offered in this financing have not been, and will not be, registered under the United States Securities Act of 1933, and may not be sold or offered in the U.S. without proper registration or applicable exemptions. Thus, this announcement does not serve as an offer to sell or solicit securities in any jurisdiction where such actions would be deemed illegal.

About Syntholene

Syntholene Energy Corp. focuses on transforming its innovative Hybrid Thermal Production System into commercial reality for producing low-cost clean fuel. The objective is to manufacture ultrapure synthetic jet fuel at a cost significantly lower—by about 70%—than that of the nearest competing technologies. The company is dedicated to launching the world’s first truly carbon-neutral synthetic fuel at an industrial scale.

Technological Innovations

Harnessing thermal energy plays a key role in Syntholene’s power-to-liquid strategy. This strategy powers proprietary systems for hydrogen production and fuel synthesis. Furthermore, Syntholene has secured 20MW of dedicated energy resources to support both the forthcoming demonstration facility and its commercial scale-up goals.

The Role of AI legalese decoder

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Conclusion

With the financing expected to accelerate critical procurement and assembly processes for its demonstration facility in Iceland, Syntholene is poised to take significant steps in its mission to deliver sustainable energy solutions. Stakeholders can look forward to updates as regulatory approvals are pursued and the financing progresses.

For inquiries, please contact:
Dan Sutton, CEO
[email protected]
www.syntholene.com
+1 608-305-4835

Investor Relations

KIN Communications Inc.
604-684-6730
[email protected]

Forward-Looking Statements

This press release includes forward-looking statements under applicable securities laws. Terms such as "expect," "anticipate," "aims," "continue," "estimate," "may," and similar expressions highlight these statements. All projections related to financing, plant deployment, scalability, and economic viability are inherently uncertain and involve significant risks.

Actual results may differ due to numerous factors, including production challenges, financing accessibility, and regulatory requirements. Syntholene commits to updating these statements as required by law but does not undertake any obligation to revise for changes in expectations unless necessary.

Caution is advised for readers not to excessively rely on these forward-looking statements.

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

For additional details, please access the source of this press release at Newsfile Corp.

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