Hemisphere Energy Declares Special Dividend

Core Viewpoint - Hemisphere Energy Corporation has declared a special dividend of $0.03 per common share, reflecting its strong financial position and performance outlook [2][3]. Special Dividend - The special dividend will be paid on August 15, 2025, to shareholders of record on July 31, 2025, and is classified as an eligible dividend for Canadian income tax purposes [2]. - This special dividend is in addition to the company's quarterly base dividend of $0.025 per common share and marks the second special dividend payment in 2025 [2]. Return of Capital - In 2025, Hemisphere has returned a total of $12.2 million (equivalent to $0.13 per common share) to shareholders, which includes $4.5 million in share repurchases, $4.8 million in quarterly dividends, and $2.9 million in special dividends [3]. - The return of capital is fully funded by the company's free cash flow, supported by its high-margin enhanced oil recovery (EOR) assets and a healthy balance sheet [3]. Company Overview - Hemisphere Energy Corporation is a Canadian oil company focused on maximizing value-per-share growth through sustainable development of its high netback, ultra-low decline conventional heavy oil assets using polymer flood EOR methods [4]. - The company trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol "HME" and on the OTCQX Venture Marketplace under the symbol "HMENF" [4].