Nuran Wireless - NRRWF STOCK NEWS

NuRAN Wireless has announced the deployment of 20 new network sites in rural Africa during March 2025, falling short of their targeted 42 sites due to transit delays affecting 21 towers in the DRC inventory. Despite this setback, the company has deployed 40 new sites in 2025 and maintains its target of 204 sites by June's end.

The company reports that current live sites are showing growth in revenue per site, enabling NuRAN to meet its revenue forecast for the reporting period. The temporary delay in deployment is not expected to impact their targeted goals as they continue focusing on network expansion across African markets.

NuRAN Wireless, a mobile and broadband infrastructure solutions provider, has addressed two key operational updates. First, regarding recent US-Canada tariff changes, the company expects minimal impact since most suppliers are based outside the US, with US-sourced equipment accounting for less than 5% of total material costs. US supplies are primarily shipped directly to Africa, bypassing Canadian customs.

Second, concerning the DRC-Rwanda conflict, NuRAN reports operational impact as their infrastructure and activities are concentrated in western DRC, away from the conflict zone. Their team, based in Kinshasa, continues operations with minimal disruption. The company does not operate in Rwanda or eastern DRC, areas directly affected by the tensions.

NuRAN Wireless (CSE:NUR)(OTC:NRRWF)(FSE:1RN) has successfully completed the delivery and installation of 20 new network sites in rural Africa during February 2025. This achievement aligns with the company's strategic growth objectives announced on February 10, 2025.

The expansion represents a significant step in NuRAN's Network-as-a-Service (NaaS) model implementation, aimed at bridging the digital divide in underserved regions. The company's focus remains on scaling operations across African markets to achieve positive EBITDA while contributing to economic and social development through enhanced telecommunications access in remote areas.

NuRAN Wireless has secured approval for a second drawdown of US$1.05M from the Facility for Energy Inclusion (FEI), managed by Cygnum Capital. This follows their first drawdown of US$2.5M received on July 16, 2024, as part of a US$5M loan facility agreement announced on April 26, 2024.

The company plans to allocate these funds to expand its Network as a Service (NaaS) operations in Cameroon, where recent results have exceeded expectations. The investment will support the construction of renewable energy-powered mobile infrastructure to connect rural and underserved communities. NuRAN aims to accelerate deployments and strengthen financial performance with the goal of achieving EBITDA positive status.

NuRAN Wireless, a leading supplier of mobile and broadband wireless infrastructure solutions, has released a new presentation detailing their Site Deployment Schedule through June 2025 along with key economic metrics of their current operational sites. The company has made available both a slide presentation and an explanatory video featuring CEO Francis Letourneau and IR representative Frank Candido discussing these updates.

NuRAN Wireless has received a full payment of CA$ 788,000 in outstanding arrears from its Mobile Network Operator partner in Cameroon. The company has established a revised site acceptance procedure, expected to be completed for Cameroon sites by end of January 2025. In November, NuRAN invoiced 79 sites with an average monthly revenue of CA$ 4,300 per site.

The company has completed materials procurement for up to 183 additional sites. Due to new importation restrictions since August 2024, particularly for hazardous goods, management is transferring inventories between countries to support the rollout plan and add 21 extra sites. Given Cameroon's exceptional performance, primary deployments will continue there, with new site rollouts planned for February 2025.

3G trial materials are in transit to Cameroon, with deployment scheduled for Q1. Site identification is complete, and 3G core network implementation is set for February. The company aims to achieve continued EBITDA growth and reach breakeven in Q2 2025.

NuRAN Wireless has announced several significant corporate updates. The company's Cameroon subsidiary reached an agreement with its MNO Partner regarding site acceptance and settlement of arrears, which will increase monthly revenue by over 20% starting November 2024. Additionally, NuRAN has extended its secured convertible debentures to December 31, 2026, with a reduced interest rate of 10%.

The company has also amended its factoring agreement, increasing the maximum facility amount to $25.5 million with reduced interest of 5% for 2024, while capping conversions at 30 million Units instead of the previous 80 million Units. The company plans to issue 500,000 common shares to pay interest owing to an arm's length creditor.

NuRAN Wireless has announced achieving positive EBITDA in its wholly owned Cameroon subsidiary, marking a significant milestone for the company. The improvement is attributed to accelerated site acceptance leading to increased subscriptions in the region. The company views this success as a template for future market expansions where it has secured NaaS contracts.

Additionally, NuRAN has appointed Zeifmans LLP as its new auditor following the resignation of its former auditor. The company confirmed there were no reservations, modified opinions, or reportable events in the former auditor's reports for the period ending December 31, 2023.

NuRAN Wireless reported Q3 2024 financial results showing significant growth. Revenue increased 96% to $1,563,061, with gross profit reaching $765,737 compared to a loss in the previous year. The company's Network as a Service (NaaS) expansion in Cameroon drove revenue growth. Total expenses increased 30% to $4,185,595, mainly due to higher financial expenses from short-term borrowings. The company recorded a net loss of $3,220,575. Notable developments include a US$32.2 million NaaS agreement with MTN Benin for up to 200 sites, receipt of a US$2.5M drawdown from FEI, and closing of a US$1.6M convertible debenture.