Greenbriar Announces Commencement of the Loan Closing Process for the USD $40 Million Sage Ranch Construction Facility

Rhea-AI Summary

Greenbriar (OTC Pink: GEBRF) has commenced the closing process for a USD $40 million senior secured construction loan for the Sage Ranch project, to be provided by a private fund vehicle managed by Voya Investment Management.

The company said it is working with US legal counsel and advisors to meet the conditions of the credit facility. The closing process was instigated by a revision of the Water Supply Assessment to address California law requirements on water resource availability.

Positive

• Commenced closing of a USD $40 million senior secured construction loan
• Loan provided by a private fund vehicle managed by Voya Investment Management
• Action advances funding for the Sage Ranch construction project

Negative

• Loan closing contingent on meeting credit facility conditions
• Transaction required revision of the Water Supply Assessment to satisfy California law

News Market Reaction

+11.43%

1 alert

+11.43% News Effect

On the day this news was published, GEBRF gained 11.43%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Construction loan: USD $40 million Sage Ranch homes: 995 homes Cedar City subdivision: 4,501 homes +5 more

8 metrics

Construction loan USD $40 million Sage Ranch senior secured construction facility

Sage Ranch homes 995 homes Sage Ranch community size

Cedar City subdivision 4,501 homes Planned attainable subdivision in Cedar City, Utah

Adjudicated water rights 188 net acre-feet Water rights secured for Sage Ranch

City water contribution 39 net acre-feet Additional water from city surplus rights

Water demand reduction 70 net acre-feet Reduction via artificial turf in parks and common areas

Tehachapi surplus water 2,400 adjudicated acre-feet Unused annual surplus in Tehachapi Basin

Base allocation 8,020 base acre-feet Tehachapi Basin base water allocation

Market Reality Check

Price: $0.3100 Vol: Volume 8,304 is 65% below...

low vol

$0.3100 Last Close

Volume Volume 8,304 is 65% below 20-day average of 23,903, suggesting limited participation. low

Technical Trading modestly above 200-day MA ($0.37 vs $0.36), indicating slight upward bias pre-news.

Peers on Argus

GEBRF gained 48% while key renewable utilities peers were mixed, with one up 0.5...

GEBRF gained 48% while key renewable utilities peers were mixed, with one up 0.59% and another down 12.17%, indicating a stock-specific reaction rather than a sector-wide move.

Historical Context

4 past events · Latest: Dec 04 (Positive)

Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Dec 04	Board appointment	Positive	-9.7%	New director and aviation housing committee leadership announcement.
Dec 02	Financing progress	Positive	+11.4%	Commencement of closing process for USD $40M Sage Ranch loan.
Jul 02	Water rights deal	Positive	+15.5%	Agreement securing key water rights for 995-home Sage Ranch.
Jun 24	Water progress update	Positive	+7.1%	Update on water rights acquisition and Tehachapi water market details.

Pattern Detected

Positive project and water-rights updates have often been followed by positive price reactions, with one notable divergence on a management appointment.

Recent Company History

Over recent months, Greenbriar issued several Sage Ranch–focused updates. Water rights progress on Jun 24, 2025 and a water rights agreement on Jul 2, 2025 both saw shares rise, as did the USD $40 million construction loan closing process on Dec 2, 2025. A board appointment on Dec 4, 2025 drew a negative reaction. The current announcement on the loan closing process fits the ongoing theme of advancing Sage Ranch financing and water compliance.

Market Pulse Summary

The stock surged +11.4% in the session following this news. A strong positive reaction aligns with p...

Analysis

The stock surged +11.4% in the session following this news. A strong positive reaction aligns with prior responses to Sage Ranch milestones, where water-rights and financing updates led to moves of 7.1%, 11.43%, and 15.51%. The commencement of the USD $40 million senior secured construction loan closing process fits that pattern of de-risking project execution. However, the stock has also shown at least one divergence on seemingly positive management news, underscoring that enthusiasm around single projects can fade once immediate catalysts are priced in.

Key Terms

senior secured construction loan, credit facility, Water Supply Assessment, adjudicated water rights, +2 more

6 terms

senior secured construction loan financial

"commenced the closing process for the USD $40 million Sage Ranch senior secured construction loan"

A senior secured construction loan is a large short-term loan used to finance building a project, where the lender has first claim on the project’s assets if things go wrong and the loan is backed by that collateral. Think of it as a top-priority mortgage for a construction project; it lowers lender risk but creates a repayment order that can affect equity holders and other creditors, so investors watch it for clues about project viability, funding risk and potential returns.

credit facility financial

"working with its US legal counsel and advisors to meet the conditions of the credit facility"

A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.

Water Supply Assessment regulatory

"instigated by the revising of the Water Supply Assessment to provide comfort"

A water supply assessment is a practical evaluation of how much water is available, how reliable and clean that water is, and how long it can meet a facility’s or project's needs under current and future conditions. Investors use it like a fuel gauge or pantry check: it shows potential operational limits, added costs, regulatory risks, and future capital needs if water shortages, contamination, or supply restrictions could hurt revenues or asset value.

adjudicated water rights technical

"has obtained 188 net acre-feet of adjudicated water rights through ownership"

Adjudicated water rights are water entitlements that a court or official legal process has examined, quantified, and formally recorded, similar to getting a deed that spells out exactly how much water a user can take and under what conditions. For investors, adjudication matters because it turns uncertain or informal claims into legally enforceable, tradable assets that reduce regulatory and operational risk, support valuation, and can be used as collateral or a predictable input for businesses that rely on water.

USDA 502D overlay regulatory

"within a USDA 502D overlay (stated 100% US government funding availability)"

A USDA 502d overlay is an extra set of underwriting rules or documentation requirements that a lender adds on top of the standard U.S. Department of Agriculture Section 502 single‑family housing loan program. Think of it as a shop adding stricter shop rules than the factory manual; it can narrow who qualifies, slow approvals, or change pricing, and matters to investors because overlays can reduce loan volume, alter credit risk and affect the timing and size of mortgage‑related cash flows.

acre-feet technical

"Tehachapi Basin maintains a robust surplus with 2,400 adjudicated acre-feet of unused water"

An acre-foot is a unit of water volume equal to enough water to cover one acre of land to a depth of one foot, roughly 325,851 gallons (about 1,233 cubic meters). Investors see it as a practical measure for valuing water assets, rights, reservoirs and the revenue of utilities or agricultural operations—think of it like counting barrels of oil but for water supply and demand.

AI-generated analysis. Not financial advice.

Scottsdale, Arizona--(Newsfile Corp. - December 2, 2025) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") is pleased to announce that it has commenced the closing process for the USD $40 million Sage Ranch senior secured construction loan, to be provided by a private fund vehicle managed by Voya Investment Management. The company is working with its US legal counsel and advisors to meet the conditions of the credit facility. This action has been instigated by the revising of the Water Supply Assessment to provide comfort for the water resource availability to satisfy California law.

About Greenbriar Sustainable Living Inc.

Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jeff Ciachurski"

Jeffrey J. Ciachurski
Chief Executive Officer and Director
Phone: 949.903.5906

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws and United States securities laws (together, "forward-looking statements"). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the closing of the Private Placement, the issuance of Common Shares and Warrants, and the approval of the Private Placement by the TSX Venture Exchange. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget", "propose" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A (a copy of which is available under the Company's SEDAR profile at www.sedarplus.ca). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276646

FAQ

What loan did Greenbriar (GEBRF) commence closing on December 2, 2025?

Greenbriar commenced closing of a USD $40 million senior secured construction loan for Sage Ranch.

Who is providing the Sage Ranch construction loan to Greenbriar (GEBRF)?

The loan is to be provided by a private fund vehicle managed by Voya Investment Management.

Why did Greenbriar (GEBRF) revise the Water Supply Assessment for Sage Ranch?

The Water Supply Assessment was revised to provide comfort on water resource availability and satisfy California law.

What must Greenbriar (GEBRF) complete before the loan closing?

The company is working with US legal counsel and advisors to meet the conditions of the credit facility.

Will the USD $40 million loan fund Sage Ranch construction immediately?

The company has commenced the closing process, but funding is subject to meeting the loan conditions.