NXT Energy Solutions Announces New Director

Rhea-AI Summary

NXT Energy Solutions (OTCQB:NSFDF) appointed Marvin Singer to its board of directors as Ataraxia Capital’s representative under an Investor's Rights Agreement. Singer is a former Senior Partner at Norton Rose Fulbright Canada and has broad experience in corporate transactions, financings, and governance.

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Positive

• Adds director experienced in acquisitions, mergers, financings and reorganizations
• Board gains representative aligned with Ataraxia Capital under Investor's Rights Agreement

Negative

• None.

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CALGARY, AB / ACCESS Newswire / July 2, 2026 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) today announced that Mr. Marvin Singer is joining the board of directors as the representative for Ataraxia Capital, as per the terms of the Investor's Rights Agreement between the Company and Ataraxia Capital.

Mr. Singer has been a corporate consultant to private and public companies since January 2020. In 2019, he retired from practising corporate, securities and natural resources law, most recently as a Senior Partner at Norton Rose Fulbright Canada LLP. Mr. Singer has extensive experience in structuring and implementing acquisitions, joint ventures, divestitures, mergers, take-overs, corporate reorganizations, financings and corporate governance. Since retiring he has acted as a director of several Canadian public companies. Mr. Singer received a LL.B. degree from the Osgoode Hall Law School, Toronto, Canada.

About NXT Energy Solutions Inc.

NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary airborne SFD^® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD^® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD^® is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.

Contact Information
For investor and media inquiries please contact:
Michael Baker
Director, Business Development & Capital Markets
302, 3320 - 17^th AVE SW
Calgary, AB, T3E 0B4
+1 403 206 0812
nxt_info@nxtenergy.com
www.nxtenergy.com

SOURCE: NXT Energy Solutions, Inc.

View the original press release on ACCESS Newswire

FAQ

What board change did NXT Energy Solutions (NSFDF) announce on July 2, 2026?

NXT Energy Solutions announced that Marvin Singer is joining its board of directors as Ataraxia Capital’s representative. According to NXT Energy Solutions, this appointment is made under the existing Investor's Rights Agreement between the company and Ataraxia Capital.

Who is Marvin Singer, the new director at NXT Energy Solutions (NSFDF)?

Marvin Singer is a former Senior Partner at Norton Rose Fulbright Canada with a background in corporate, securities and natural resources law. According to NXT Energy Solutions, he has consulted for private and public companies since 2020 and served on several Canadian public boards.

What experience does Marvin Singer bring to the NXT Energy Solutions (NSFDF) board?

Marvin Singer brings experience in structuring and implementing acquisitions, joint ventures, divestitures, mergers, take-overs, corporate reorganizations, financings and corporate governance. According to NXT Energy Solutions, he also has prior board experience with several Canadian public companies after his retirement from legal practice.

How is Ataraxia Capital connected to the new director at NXT Energy Solutions (NSFDF)?

Ataraxia Capital is linked through an Investor's Rights Agreement that grants board representation. According to NXT Energy Solutions, Marvin Singer is joining the board specifically as Ataraxia Capital’s representative under the terms of that agreement.

What is Marvin Singer’s educational background relevant to his role at NXT Energy Solutions (NSFDF)?

Marvin Singer holds an LL.B. degree from Osgoode Hall Law School in Toronto, Canada. According to NXT Energy Solutions, this legal education supported his career in corporate, securities and natural resources law before transitioning to consulting and directorship roles.