NU E Power Stock Price, News & Analysis

Nu E Power Corp (CSE: NUE, OTC: NUEPF) has completed a shares-for-debt transaction to settle outstanding indebtedness of $275,000 with arm's length creditors. The company issued 833,333 common shares at varying prices:

• $175,000 of debt settled at $0.30 per share
• $100,000 of debt settled at $0.40 per share

The transaction closed on April 10, 2025, with all issued shares subject to a four-month and one-day hold period from the issuance date.

Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced a binding share purchase agreement to acquire Blu Dot Systems Inc in an all-share transaction. The acquisition involves purchasing 100% of Blu Dot's shares, with different exchange ratios for different shareholder groups:

- Principal shareholder (44.9% ownership): 6.51 Nu E shares for each Blu Dot share
- Other shareholders: 7.04 Nu E shares for each Blu Dot share

Nu E will issue a total of 8,500,000 shares for the acquisition. The transaction is expected to close around April 30, 2025, subject to Canadian Securities Exchange approval. No finder's fee will be payable upon closing.

Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced a shares-for-debt transaction to settle outstanding indebtedness of $275,000. The company will issue 833,333 common shares to arm's length creditors at two different price points:

- $0.30 per share for $175,000 of debt
- $0.40 per share for $100,000 of debt

The transaction is scheduled to close on April 10, 2025, with issued shares subject to a four-month and one-day hold period. The arrangement remains pending final acceptance from the Canadian Securities Exchange.

Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced the appointment of CEO Devon Sandford to its Board of Directors, effective immediately. Sandford, a Journeyman Red Seal certified electrician, brings extensive expertise in electrical power systems and utility-scale solar facilities across utility, mining, and oil and gas sectors.

Sandford's background includes successful ventures in creating electrical OEMs, establishing public corporations, and developing infrastructure projects. His appointment coincides with the departure of Brock Stewart from the board.

Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced that its Letter of Intent (LOI) to acquire Blu Dot Systems has become binding, with the term extended to March 31, 2025. The acquisition involves 8,500,000 common shares at $0.54 per share.

Blu Dot, an OEM manufacturer in the electrical switchgear industry, operates in a market valued at US$92.3 billion, growing at 6.7% annually and projected to reach US$155.3 billion by 2031. The company has successfully developed and certified products for industrial and technical construction, including large-scale utility solar farm projects.

Additionally, Todd Michaels joins Blu Dot as President, bringing 25+ years of energy industry experience. His background includes founding Correlate, leading SunEdison's Global Product Innovation team, and being part of SPP's founding team, which deployed over $500M in project capital before exiting to NRG.

Nu E Power Corp (CSE: NUE, OTC: NUEPF) has provided an update on its Hanna solar project, a 300MWac/360MWdc solar farm located 200 kilometers north-east of Calgary, Alberta. The project, spanning 9 sections of private lands, has received a low-risk wildlife assessment from Alberta Environment and Protected Areas.

The project is currently in the interconnection process with the Alberta Electric System Operator, with pending environmental, glare, noise, and engineering studies. Construction is expected to begin in mid-to-late 2026, representing a $400 million investment. Once operational, the facility will have the capacity to generate approximately 650,000 MWh's of electricity and 280,000 tonnes of carbon offset annually.

Nu E Power Corp (CSE: NUE, OTC: NUEPF) has received approval from the Alberta Utilities Commission to construct a 157MWac/188MWdc solar facility in Lethbridge County. The project, jointly owned with Low Carbon Canada through a 50/50 partnership, follows the successful completion of the operational Lethbridge One solar farm.

Located 2km south of Lethbridge Airport on private land, the facility is expected to generate 327,000 MWh of solar electricity and 135,000 metric tonnes of carbon offset annually. The project underwent extensive community engagement, including open houses and stakeholder consultations, along with comprehensive environmental, noise, and glare studies.

The project has been submitted to the Alberta Electric System Operator (AESO) for interconnection approval, with grid connection anticipated in mid to late 2027.

Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced the closing of the second tranche of its non-brokered private placement. The company raised $260,000 through the issuance of 866,665 units at $0.30 per unit.

Each unit consists of one common share and one purchase warrant. The warrants allow holders to purchase additional shares at $0.35 per share until January 30, 2027. The securities are subject to a hold period until May 31, 2025.

The company plans to use the proceeds for general working capital and advancing solar projects in Canada. The placement may include finder's fees subject to CSE approval.

Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced the commencement of commercial production at its Lethbridge One Solar farm. The project, developed in partnership with Low Carbon Canada Solar , represents the first initiative under their agreement, with Nu E Power maintaining a 25% interest. The 8.75 Mwac facility is projected to generate 15,841 Mwh/yr and produce 8,237 tonnes of carbon offsets annually.

The project was completed on schedule and within its $19 million budget, featuring significant local content including Canadian-designed racking systems and locally fabricated components. Construction involved 50% Indigenous labor content and achieved zero lost time incidents over 38,000 direct man-hours. The joint venture's development portfolio includes approximately 457 Mwac of solar projects in southern Alberta, with 157 Mwac already approved by the Alberta Utilities Commission for construction.