Nu E Power Corp. Announces Private Placement

(MENAFN- Newsfile Corp) Calgary, Alberta--(Newsfile Corp. - September 30, 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 units of the Company (the " Units "), at a price of $0.15 per Unit, for aggregate gross proceeds of up to $250,000 (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 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 $0.30 per Warrant Share for a period of 36 months after the closing date of the Offering. ‎

The proceeds from the Offering will be used for general working capital purposes.

The first tranche of the Offering is expected to close on or about October 7, 2025, or on any other date or dates as the Company may determine. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all required regulatory approvals including the approval of the Canadian Securities Exchange (the " CSE "). The securities issued under the Offering will be subject to ‎a statutory hold period of four months and one day following the date of issuance.

The Company may pay a finders' fee to eligible parties of up to 7% cash and options to acquire up to 7% of the Units sold under the Offering. Such options to finders will have an exercise price of $0.15 per Unit.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the "United States" or to "U.S. persons" (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Nu E Power Corp.

Nu E Power Corp. is a green energy company focused on the developing, construction, and operating clean and renewable energy infrastructure across North America. The Company has a partnership with Low Carbon Canada Solar Limited, a subsidiary of the UK based renewables major, Low Carbon Investment Management Ltd. To facilitate non-dilutive investment into the Company with the goal of developing up to 2GW of renewable energy projects in Canada by 2030.

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