Nexera Energy Inc. Announces Intention to File Change of Business with TSX Venture Exchange
Rhea-AI Summary
Nexera Energy (TSXV: NGY / OTC: EMBYF) intends to file a Change of Business application with the TSX Venture Exchange to shift from oil and gas exploration and production to waste tire recycling using advanced pyrolysis technology.
The company plans to reposition as an industrial manufacturing business converting end-of-life tires into component materials. The release cites that >400 million tires are disposed annually in North America and estimates the waste tire recycling market at approximately $4.9 billion today, projected to grow to more than $13 billion by 2033. The proposed change is subject to Exchange approval and other regulatory requirements, and the company said further details will follow in subsequent announcements.
Positive
- Strategic pivot to pyrolysis-based waste tire recycling
- Cited waste tire market of $4.9B today and projected to > $13B by 2033
- Notes > 400 million tires disposed annually in North America
Negative
- Proposed Change of Business is subject to TSXV approval
- Key commercial, operational and financial details remain undisclosed
AI-generated analysis. How Rhea-AI works. Not financial advice.
Calgary, Alberta and San Antonio, Texas--(Newsfile Corp. - January 27, 2026) - Nexera Energy Inc. (TSXV: NGY) (OTC Pink: EMBYF) (the "Corporation" or "Nexera") is pleased to announce that it intends to file a Change of Business application with the TSX Venture Exchange (the "Exchange"). The proposed change reflects the Corporation's strategic transition from oil and gas exploration and production to waste tire recycling.
Nexera intends to reposition itself as an industrial manufacturing company focused on the recycling of end-of-life tires using advanced pyrolysis technology. Pyrolysis is a proven thermal process that converts scrap tires into their component materials, providing a high-value and environmentally responsible solution for tire recycling.
More than 400 million tires are disposed of annually in North America. The waste tire recycling market, currently estimated at approximately
The proposed Change of Business remains subject to Exchange approval and the satisfaction of all applicable regulatory requirements. Further details regarding the Corporation's new business direction will be provided in subsequent announcements.
For further information, please contact:
Shelby D. Beattie
President, Nexera Energy Inc.
Telephone: (403) 262-6000
Email: info@nexeraenergy.com
Website: www.nexeraenergy.com
ABOUT NEXERA ENERGY INC.
Nexera Energy Inc. (TSXV: NGY) is an energy company focused on the acquisition, development, and operation of oil-producing properties in Southwest Texas. Nexera owns and operates the Lavernia, Wooden Horse, and Stockdale Horizon Projects and is the
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on the opinions, expectations, and estimates of management as of the date of this release and are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, Nexera undertakes no obligation to update or revise any forward-looking statements.
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 release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281705