Mergers and Acquisitions:

• Green Impact Partners (TSXV:GIP) announced the sale of its water, waste treatment and recycling facilities in Alberta and Saskatchewan to a private, arm’s-length party for $53.25MM. The consideration will be paid with $34.5MM cash at closing and an $18.75MM promissory note.

• E&P: Vermilion Energy (TSX:VET) announced the $415MM cash sale of its Saskatchewan and Manitoba assets. The sold assets have production capacity of 10,500 boe/d (85% oil and liquids) and have Proved Developed Producing reserves of 30MM boe and $250MM of undiscounted future abandonment liabilities. The sale is expected to close in Q3 2025.

• E&P: Trio Petroleum (NYSE:TPET) closed the acquisition of select petroleum and natural gas properties of Novacor Exploration located at the southwest quarter of Section 19, Township 47, Range 26W3M in Lloydminster. The acquired assets consist of seven heavy oil producing wells. The consideration consists of US$650,000 cash and 526,536 of Trio common shares.

Other:

• The federal Natural Resources Minister Tim Hodgson pledged to speed up the permitting process for major projects, especially of national interest in helping Canada become a conventional and clean energy superpower.

• Alberta Innovates signed a memorandum of understanding with the Danish Ministry of Climate, Energy and Utilities to co-operate on the advancement of carbon capture, utilization and storage (CCUS) technology over a four-year framework.