FingerMotion and BlueFlare Sign Binding Agreement to Acquire 20-Acre Site in Hanna, Alberta, Establishing Hanna Campus #1 for AI Inference Compute

FingerMotion intends to continue securing Alberta sites as client demand for powered capacity requires.

Rhea-AI Summary

FingerMotion (FNGR) and BlueFlare signed a binding agreement to acquire approximately 20.2 acres in Hanna, Alberta, for an AI inference campus.

Executed September 30, 2026, the agreement names both companies as covenantors. Title will be held by Hanna Campus #1, a dedicated project company. The planned campus would supply computing capacity for running AI models, with contemplated capacity of 6 MW: 3 MW of local grid supply and 3 MW of on-site natural gas generation. It is additional to FingerMotion's previously announced 99 MW Alberta development program.

The transaction has a 60-day due diligence period covering title, environmental condition, zoning, permits, utilities, access and financing. Closing is scheduled 30 days after conditions are waived. BlueFlare will design, build and operate the power and infrastructure. Permit applications are planned during due diligence; construction is to follow closing and permit approval.

5 points · 0 major

PositiveiHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointBinding purchase agreement with BlueFlare secures a contractual path to approximately 20.2 acres in Hanna.
• Minor point. Forward-looking: it has not happened yet and may not happen.Contemplated 6 MW campus combines 3 MW grid supply and 3 MW natural gas generation.
• Minor pointHanna Campus #1 is additional to the previously announced 99 MW Alberta development program.
• Minor point. Forward-looking: it has not happened yet and may not happen.BlueFlare will design, build and operate the site's power and infrastructure.
• Minor point. Forward-looking: it has not happened yet and may not happen.Further Alberta sites are planned as client demand for powered capacity requires.

Negative

• Minor point60-day due diligence covers title, environmental condition, zoning, permits, utilities, access and financing.
• Minor point. Forward-looking: it has not happened yet and may not happen.Closing is scheduled 30 days after conditions are waived; construction requires closing and permit approval.

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Market Reaction – FNGR

$0.15 – $0.20 Day Range

$13.85M Market Cap

On Oct 1, the day this news came out, the latest delayed price for FNGR is 2.94% above the previous close. Our momentum scanner has recorded 41 alerts for this stock so far that day. The latest delayed price is $0.18. Relative volume is exceptionally heavy at 17.2x the average.

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Key Figures

Site area: approximately 20.2 acres Due diligence period: 60 days Scheduled closing: 30 days after conditions are waived +4 more

Site area

approximately 20.2 acres

Hanna Campus #1 site

Due diligence period

60 days

Conditions include title, environmental condition, zoning, permits, utilities, access, and financing

Scheduled closing

30 days after conditions are waived

Hanna Campus #1 purchase agreement

Local grid supply

3 MW

Planned Hanna Campus #1 design

Behind-the-meter generation

3 MW

Planned natural gas generation at Hanna Campus #1

Contemplated capacity

6 MW

Hanna Campus #1

Alberta development program

99 MW

Previously announced program; Hanna Campus #1 is an addition

Key Terms

ai inference, behind-the-meter, due diligence

3 terms

ai inference technical

"developed as Hanna Campus #1, an AI inference compute campus"

AI inference is the step where a trained artificial intelligence model uses its learned patterns to analyze new data and produce an output — for example, predicting a stock trend, flagging a medical image, or generating text, much like using a recipe to cook a meal. It matters to investors because inference determines real-world performance, speed, and cost of AI features, affects user experience and scalability, and influences operating expenses, regulatory compliance, and competitive advantage.

behind-the-meter technical

"behind-the-meter natural gas generation"

Equipment or systems located on a customer’s side of the electricity meter—such as rooftop solar panels, battery storage, electric vehicle chargers, or energy controls—that generate, store, or manage power for use on-site rather than being supplied through the utility’s grid. Investors care because behind-the-meter assets change how much power a customer buys, can create new revenue or savings streams, affect demand patterns, and shift regulatory or business models in the energy market, much like a homeowner installing their own water tank reduces municipal supply needs.

due diligence financial

"a 60-day due diligence period covering title, environmental condition"

Due diligence is the careful investigation and analysis someone conducts before making a decision, such as investing money or entering into an agreement. It’s like researching thoroughly before buying a used car to ensure it’s in good condition; this helps prevent surprises and makes informed choices. For investors, due diligence reduces risk by verifying details and understanding what they’re getting into.

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Owned land with a pathway to grid and behind-the-meter natural gas power expands FingerMotion's Alberta AI infrastructure footprint

WEST PALM BEACH, Fla., Oct. 01, 2026 (GLOBE NEWSWIRE) -- FingerMotion, Inc. (Nasdaq: FNGR) ("FingerMotion" or the "Company") today announced that it has entered into a binding Agreement of Purchase and Sale, together with BlueFlare Group Holdings Inc. ("BlueFlare"), to acquire approximately 20.2 acres of land at 409 Pioneer Trail S. in the Town of Hanna, Alberta. The site will be developed as Hanna Campus #1, an AI inference compute campus powered by a combination of local grid supply and behind-the-meter natural gas generation.

The agreement was fully executed on September 30, 2026. Hanna Campus #1 is in addition to the 99 MW Alberta development program the Company announced on September 10, 2026.

Transaction Highlights

• Binding agreement: executed September 30, 2026 by the seller, BlueFlare and FingerMotion, with FingerMotion and BlueFlare as covenantors.
• Site: approximately 20.2 acres (8.18 hectares) within the Town of Hanna, in east-central Alberta.
• Dedicated project company: title will be held by Hanna Campus #1 Inc., a single-purpose Alberta corporation, consistent with the one-site, one-project-company structure used across the Alberta program.
• Conditions and timing: a 60-day due diligence period covering title, environmental condition, zoning and permits for industrial, energy and data infrastructure use, utilities and access, and financing. Closing is scheduled 30 days after conditions are waived.

Planned Development

Hanna Campus #1 is planned for AI inference compute. The design contemplates [3] MW of local grid supply and [3] MW of behind-the-meter natural gas generation, for a contemplated capacity of [6] MW.

BlueFlare will design, build and operate the site's power and infrastructure. Development permit applications are planned during the due diligence period, with construction to follow closing and permit approval.

Why Hanna

Access to power, not construction, is the binding constraint on new AI capacity. Hanna Campus #1 combines owned land, nearby grid infrastructure and the ability to add on-site generation, giving the Company a shorter path to energized capacity than a grid-only site.

Owning the land outright gives the Company long-term control of the site and its expansion. The Company intends to continue securing sites across Alberta as client demand for powered capacity requires.

Built to Fit the Community

Hanna Campus #1 is a small-scale site, not a hyperscale data center. Its contemplated capacity of [6] MW is a fraction of the hundreds of megawatts common at hyperscale campuses, and the facility is planned as a low-profile, warehouse-style building on an existing 20-acre parcel within the town.

The aim is for the campus to fit into Hanna, not stand out. BlueFlare hires locally first, will work with the Town through the municipal development permit process, and will staff the site around the clock as a responsible neighbor.

Management Commentary

"Speed to power is what separates AI infrastructure platforms today, and Hanna Campus #1 moves us from pipeline to property," said Jolie Kahn, Chief Executive Officer of FingerMotion. "We are securing land we control, with grid access on the doorstep and a partner that builds and runs its own generation. This site sits alongside our 99 MW Alberta program and strengthens our position as a developer of powered capacity for AI workloads."

"BlueFlare was built on three values: People, Communities and Innovation, and in that order. Alberta's communities raised many of the people on our team, and Hanna is one of the places that has given this province so much to be proud of. This campus is our first step in giving back," said Landon Ruszkowski, Chief Executive Officer of BlueFlare. "We hire locally first, we build to fit the community rather than stand out in it, and we measure success by what stays in Hanna long after construction ends. Working alongside the Town of Hanna, we intend to help build Alberta back, stronger than before."

About FingerMotion, Inc.

FingerMotion, Inc. (Nasdaq: FNGR) is a technology company that, in addition to its historical mobile data and telecommunications platforms, is developing a North American behind-the-meter power and compute program in Alberta. Additional information is available at www.fingermotion.com.

About BlueFlare Group Holdings Inc.

BlueFlare Group Holdings Inc. is an oil and gas optimization, behind-the-meter power generation and EPC business specializing in the construction of modular data halls for AI and high-performance computing. BlueFlare self-performs design, procurement, construction and commissioning on its programs, and operates each site as its own microgrid with staff on site around the clock. BlueFlare is headquartered at Suite 700, 444 – 7th Avenue SW, Calgary, Alberta. For more information, contact sales@goblueflare.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the completion of the acquisition, satisfaction of closing conditions, planned power capacity, permitting, construction timing, and future site acquisitions. Words such as "plans," "intends," "expects," "will" and similar expressions identify forward-looking statements. These statements are based on current expectations and are subject to risks and uncertainties, including the outcome of due diligence, the availability of financing, utility interconnection and permitting approvals, equipment availability, market demand for AI compute, and the other risks described in the Company's filings with the U.S. Securities and Exchange Commission. Actual results may differ materially. The Company undertakes no obligation to update these statements except as required by law.

Investor contact
FingerMotion, Inc.
Investor Relations
Email: ir@fingermotion.com
Website: www.fingermotion.com

FAQ

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What is FingerMotion acquiring with BlueFlare for Hanna Campus #1?

FingerMotion and BlueFlare signed a binding agreement to acquire approximately 20.2 acres in Hanna, Alberta, for a planned AI inference compute campus. The agreement was fully executed September 30, 2026; the acquisition has not yet closed.

How much power capacity is planned for FingerMotion's Hanna Campus #1?

Hanna Campus #1 has contemplated capacity of 6 MW, comprising 3 MW of local grid supply and 3 MW of on-site natural gas generation. BlueFlare will design, build and operate the site's power and infrastructure.