Hertz Energy Announces Share Consolidation

Company Overview - Hertz Energy Inc. is a junior exploration company based in British Columbia, focusing on the acquisition and exploration of mineral properties in Eastern Canada, with a strategic portfolio of four projects targeting lithium and antimony mineralization in Quebec and New Brunswick [4]. Share Consolidation - The company intends to consolidate its common shares on a two and one-half (2.5) Share for one (1) Share basis, with a total issued and outstanding number of Shares post-Consolidation expected to be approximately 9,904,671, subject to rounding for fractional Shares [1][2]. - No fractional Common Shares will be issued upon the Consolidation; fractional Shares will be rounded down or up based on specific criteria [3]. Lithium Portfolio - Hertz Energy's lithium assets include the Agastya Lithium Property in Quebec, which consists of three non-contiguous claim blocks along a greenstone belt known for significant Lithium-Cesium-Tantalum pegmatite potential. The 26,500-hectare AC/DC Project is strategically located in Quebec's James Bay Lithium District, near notable projects by other companies [5]. Antimony Portfolio - The company's antimony assets include the Harriman Property in Quebec's Gaspé Region, targeting antimony and gold mineralization, as well as the Lake George Property in New Brunswick, which is being explored for antimony-gold mineralization [6].