Nanalysis Announces Change of Management

Rhea-AI Summary

Nanalysis (OTCQX: NSCIF) announced a management change: Randall McRae will resign as Chief Financial Officer effective December 5, 2025 and will remain available to the company in an advisory capacity after his departure.

Heather Kury, Corporate Controller, will be appointed Interim Chief Financial Officer while the board searches for a permanent successor. Ms. Kury is a CPA, CA with over 20 years' experience, holds a Bachelor of Arts (Accounting and History) from the University of Winnipeg, and is a member of the Institute of Chartered Professional Accountants of Alberta.

Positive

• Interim CFO named: Heather Kury appointed immediately
• Outgoing CFO to remain available in an advisory capacity
• Interim CFO has over 20 years of relevant experience
• Interim CFO holds CPA, CA professional designation

Negative

• Chief Financial Officer resignation effective December 5, 2025
• Board is conducting a search for a permanent CFO successor

Not for distribution to U.S. newswire services or dissemination in the United States

CALGARY, AB, Nov. 14, 2025 /PRNewswire/ - Nanalysis Scientific Corp. (the "Company" or "Nanalysis") (TSXV: NSCI) (OTCQX: NSCIF) (FRA: 1N1), announces that Randall McRae has resigned as Chief Financial Officer of the Company effective December 5, 2025. Mr. McRae will continue to serve as the Chief Financial Officer until his departure, and will remain available to the company on an advisory basis going forward. Heather Kury, Corporate Controller of the Company, will be appointed as Interim Chief Financial Officer while the board of directors of the Company searches for a permanent successor.

Heather Kury, CPA, CA has over twenty years of experience helping both public and private companies, improve their corporate strategy and operational excellence. Prior to Nanalysis, Ms. Kury held senior roles within companies both locally and internationally in the oil and gas and information technology sectors. Ms. Kury is enthusiastic about this opportunity and looks forward to continuing to work with the Nanalysis team as the Company continues to grow and develop. Heather is a member of the Institute of Chartered Professional Accountants of Alberta and holds a Bachelor of Arts (Accounting and History) from the University of Winnipeg.

The Company would like to take this opportunity to thank Mr. McRae for his service and to wish him the very best in his future endeavors.

About Nanalysis Scientific Corp.  (TSXV: NSCI, OTCQX: NSCIF, FRA: 1N1)

Nanalysis Scientific Corp. develops and manufactures portable Nuclear Magnetic Resonance (NMR) spectrometers used worldwide in pharma, biotech, energy, food, materials, and security industries, as well as in academic and government labs. The Company also operates a growing services division that maintains both its own products and third-party imaging equipment, anchored by a $160 million long-term contract with the Canadian Air Transport Security Authority (CATSA) to maintain security scanners at more than 80 Canadian airports.

 Notice regarding Forward Looking Information and Legal Disclaimer

This news release contains certain forward-looking information. All statements included herein, other ‎ than statements of historical fact, are forward-looking information and such information involves ‎ various risks and uncertainties. In particular, this news release contains forward-looking information in ‎ relation to: the resignation of the Chief Financial Officer and the appointment of an interim Chief Financial Officer. There can be no assurance that ‎ such information will prove to be accurate, and actual results and future events could differ materially ‎ from those anticipated in such information. This forward-looking information reflects Nanalysis's ‎ current beliefs and is based on information currently available to Nanalysis and on assumptions ‎ Nanalysis believes are reasonable. These assumptions include, but are not limited to: the current share ‎ price of Nanalysis's common shares; Nanalysis' ‎ general and administrative costs remaining constant; and market acceptance of Nanalysis's business ‎ model, goals and approach. Forward-looking information is subject to known and unknown ‎ risks, uncertainties and other factors which may cause the actual results, performance ‎ or achievements of Nanalysis to be materially different from those expressed or implied by such ‎ forward-looking information. Statements with forward looking information are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.

Readers ‎ should not place undue reliance on forward-looking information. Nanalysis does not undertake to ‎ update any forward-looking information except in accordance with applicable securities laws. ‎

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

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SOURCE Nanalysis Scientific Corp.

FAQ

When will Nanalysis (NSCIF) CFO Randall McRae's resignation take effect?

Randall McRae's resignation as CFO is effective December 5, 2025.

Who is the interim CFO for Nanalysis (NSCIF) after Randall McRae departs?

Heather Kury, the company's Corporate Controller, will serve as Interim CFO.

What are Heather Kury's qualifications for the interim CFO role at NSCIF?

Ms. Kury has 20+ years' experience, is a CPA, CA, and holds a BA in Accounting and History.

Will Randall McRae continue working with Nanalysis (NSCIF) after resigning?

Yes. He will remain available to the company on an advisory basis after his departure.

Is Nanalysis (NSCIF) searching for a permanent CFO and what is the timeline?

The board is conducting a search for a permanent successor; no timeline was provided.