Syntholene (OTCQB: SYNTF) published an independent technical and economic report by Robert Rapier validating its thermally integrated electrolysis pathway as technically feasible and a viable engineering route to low-cost hydrogen and synthetic aviation fuel. The report projects unsubsidized hydrogen costs of $1.50–$2.00/kg under favorable conditions and confirms system energy use <37 kWh/kg H2. The assessment flags remaining scaling, construction, energy offtake and carbon sourcing risks as engineering and commercial challenges that are tractable via staged, modular demonstration—including the planned Iceland facility using base-load geothermal heat.
Syntholene Energy (OTCQB: SYNTF) announced DTC eligibility for its common shares, enabling electronic clearing and settlement for U.S. investors and aiming to improve accessibility and trading efficiency on the OTCQB market. The company also engaged The Armchair Trader for a six-month US$7,995 investor awareness campaign and ended its issuer trading services agreement with Generation IACP Inc.
The Armchair Trader engagement is subject to TSX Venture Exchange acceptance; services will not start until approved. The GIACP agreement expired with no termination penalties.
Syntholene Energy (OTCQB: SYNTF) signed a definitive lease for a 500 m2 site at Húsavík Power Station and received a municipal construction permit enabling a demonstration-scale thermally-integrated SOEC electrolyzer facility.
The lease runs to April 1, 2027, with monthly rent of ISK 200,000 (~CAD 2,525). The permit is effective through March 2027 and supports a ~1,000-hour effects test of the modular Demonstration Facility.
Syntholene Energy Corp (OTCQB: SYNTF) engaged DS Market Solutions Inc. for market liquidity services effective Feb 3, 2026, and contracted Emerging Markets Consulting, LLC for corporate communications effective Apr 1, 2026. DSMS will provide bid/ask orders and reporting for $10,000 monthly.
EMC will provide communications and marketing support for a six-month term at US$150,000 paid upfront; both engagements are subject to TSX Venture Exchange acceptance and will be paid from working capital.
Syntholene (OTCQB: SYNTF) selected Papadakis Engineering as its integration partner for a geothermal heat exchanger skid to support a thermal-hybrid Demonstration Facility. The written project proposal dated January 28, 2026, sets a US$289,026 contract for engineering, fabrication, containerized integration, and electrical scope.
Services are payable in tranches and are expected to be complete by June 1, 2026, supporting factory acceptance testing and delivery of a fully integrated demonstration-scale system for the company's SOEC-based hydrogen production.
Syntholene Energy (OTCQB: SYNTF) completed a Conceptual Design Report and integrated Technoeconomic Analysis for a geothermal-integrated SOEC Effects Test Demonstration Facility, targeting hydrogen production costs below US$2/kg and long-term sub-US$1/kg goals via thermal integration.
The CDR includes an Aspen Plus digital twin, modular component construction, an Iceland site plan with a Q4 2026 construction target, and milestone-linked deferred share obligations.
Syntholene Energy Corp (OTCQB: SYNTF) appointed Eirikur Bragason as Lead Project Manager on February 17, 2026, to oversee its synthetic fuel demonstration facility and planned commercial scale-up in Iceland.
Mr. Bragason brings 25+ years in geothermal and large-scale power projects, including leadership roles on Hellisheidi (300 MWe/400 MWth) and oversight of ~650 MW+ projects totaling ~$3.3 billion, supporting Syntholene's geothermal-anchored power-to-liquids strategy.
Syntholene Energy (OTCQB: SYNTF) selected Danish vendor Dynelectro as electrolyzer supplier for its planned synthetic fuel demonstration facility in Iceland on February 10, 2026. The selection follows a two-year technical and commercial evaluation and aims to validate low-cost, scalable hydrogen production for eSAF.
Dynelectro describes its SOEC electrolyzer as highly efficient and modular, claiming up to 90% conversion of renewable electrical energy into hydrogen when integrated with Syntholene's hybrid thermal system. The vendor choice is presented as a technical milestone toward multi-megawatt commercial deployment.
Syntholene Energy Corp (OTCQB: SYNTF) nominated Jens Thordarson, former COO of Icelandair, to its Advisory Board on February 5, 2026. Thordarson brings 17 years at Icelandair, expertise in operations, infrastructure development, and fleet management, and current CEO role at GeoSalmo.
The company said his Icelandic network and regulatory insight will support commercialization of Syntholene's sustainable synthetic fuels for Icelandic and European transportation and logistics markets.
Syntholene Energy (TSXV: ESAF; OTCQB: SYNTF) announced on January 30, 2026 that its common shares commenced trading on the OTCQB Venture Market under the symbol SYNTF. The co-listing is intended to broaden U.S. investor access and increase visibility in the aviation fuel and energy infrastructure capital markets.
The company said the OTCQB quotation aligns its capital markets strategy with U.S. demand growth and project financing for sustainable aviation and synthetic fuels, and noted accelerating U.S. policy support including tax credits and programs tied to the Inflation Reduction Act.