ATLAS ENERGY REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS

Rhea-AI Summary

Atlas Energy Corp. (OTC:CANSF) has announced the completion of a significant $30 million recapitalization during Q2 2025. The company, now listed as a TSXV Sandbox issuer under the symbol ATLE, has voluntarily delisted from OTCQB while maintaining trading on the OTC Pink platform for U.S. investors.

The company has positioned itself as an international upstream royalty and streaming company focused on oil and gas interests across global markets. CEO Mark Hodgson highlighted strong institutional investor support for the company's experienced team and disciplined strategy. As a TSXV Sandbox listing, Atlas must meet specific exit conditions, though there's no guarantee of meeting these requirements.

Positive

• Successful completion of $30 million recapitalization
• Strong institutional investor backing
• Strategic positioning in undercapitalized global markets
• Maintained U.S. trading access through OTC Pink platform

Negative

• Delisting from OTCQB to OTC Pink may reduce trading visibility
• TSXV Sandbox listing indicates company doesn't meet all standard listing requirements
• Uncertainty regarding ability to meet TSXV Sandbox exit conditions

CALGARY, AB, Aug. 28, 2025 /PRNewswire/ - Atlas Energy Corp. ("Atlas" or the "Company") (TSXV: ATLE), a TSXV Sandbox issuer, is pleased to announce its unaudited consolidated interim financial statements and related management's discussion and analysis ("MD&A") for the quarter ended June 30, 2025, are available on the Company's SEDAR+ profile at www.sedarplus.ca.

"The initial $30 million recapitalisation completed this quarter reflects the strong endorsement institutional investors have given to our experienced team, differentiated structure, and disciplined strategy," said Mark Hodgson, Atlas Energy's President and Chief Executive Officer. "With our TSXV listing now complete, Atlas is purpose-built to execute a focused acquisition strategy in one of the most compelling, and undercapitalised, markets globally."

In connection with the recapitalisation, the common shares of the Company have been voluntarily delisted from the OTCQB.  The common shares continue to trade on the TSX Venture Exchange under the symbol ATLE and United States based investors and shareholders will still be able to trade the Company's stock on the OTC Pink trading platform under the symbol CANSF. All shareholders will continue to be able to access Company information filed on SEDAR+ at www.sedarplus.ca and placed on the Company website at www.atlas-corp.ca.

About Atlas Energy Corp.

Atlas Energy Corp. is an international upstream royalty and streaming company focused on the acquisition, management, and monetization of a diversified portfolio of oil and gas royalty and streaming interests across key global markets.

www.atlas-corp.ca 

Reader Advisories

TSXV Sandbox Listing

Investors are advised that the Company is listed on TSXV as a TSXV Sandbox Listing as the Company did not meet all of the TSXV's listing requirements at the time of listing. Investors are advised to review the Company's news release dated June 16, 2025 to review all waivers granted in connection with the Company's listing, details on the listing conditions imposed on the Company, the exit conditions the Company must meet in order to exit TSXV Sandbox, and any consequences if the Company does not meet these exit conditions. There can be no assurance that the Company will meet all of the exit conditions. For details on TSXV Sandbox Listings, please visit https://www.tsx.com/en/listings/tsx-and-tsxvissuer-resources/tsx-venture-exchange-issuer resources/tsxv-sandbox.

Forward-Looking and Cautionary Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions (including negatives and variations thereof) are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward-looking statements and information concerning: the business plan of the Company; and the Company's ability to meet the TSXV Sandbox exit conditions. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning TSXV and regulatory approvals and the ability of the new management team to implement the corporate strategy of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to, the parties being unable to obtain the required TSXV approvals, fluctuations in commodity prices, changes in industry regulations and political landscape both domestically and abroad, foreign exchange or interest rates, stock market volatility, the imposition or expansion of tariffs imposed by domestic and foreign governments or the imposition of other restrictive trade measures, retaliatory or countermeasures implemented by such governments, including the introduction of regulatory barriers to trade and the potential effect on the demand and/or market price for the oil and gas production and/or otherwise adversely affects the Company, the availability of investment opportunities meeting the new management team's investment criteria, the retention of key management and employees and obtaining required approvals of regulatory authorities. The foregoing list is not exhaustive. Please refer to the MD&A and the Company's listing application dated June 17, 2025, for discussion of additional risk factors relating to Atlas, which can be accessed on its SEDAR+ profile at www.sedarplus.ca. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. All dollar figures included herein are presented in Canadian dollars, unless otherwise noted.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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SOURCE Atlas Energy Corp.

FAQ

What is the significance of Atlas Energy's (CANSF) $30 million recapitalization in Q2 2025?

The recapitalization represents a strong endorsement from institutional investors in Atlas Energy's experienced team, differentiated structure, and disciplined strategy for global market expansion.

How does Atlas Energy's TSXV Sandbox listing status affect investors?

As a TSXV Sandbox issuer, Atlas Energy must meet specific exit conditions as it didn't meet all standard listing requirements. Investors should review the June 16, 2025 news release for details on listing conditions and potential risks.

What happened to Atlas Energy's (CANSF) OTCQB listing?

Atlas Energy voluntarily delisted from OTCQB but continues trading on the TSX Venture Exchange (ATLE) and maintains U.S. investor access through the OTC Pink platform (CANSF).

What is Atlas Energy's (CANSF) business strategy?

Atlas Energy focuses on acquiring, managing, and monetizing a diversified portfolio of oil and gas royalty and streaming interests across key global markets.

Where can investors access Atlas Energy's (CANSF) financial information?

Investors can access Atlas Energy's financial information through SEDAR+ at www.sedarplus.ca and the company's website at www.atlas-corp.ca.