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Solar Alliance Announces Resumption of TSXV Trading, Corporate Update
Globenewswireยท2025-08-29 01:47

Company Update - Solar Alliance Energy Inc. will have its common shares reinstated for trading on the TSX Venture Exchange around September 3, 2025, following the resolution of a cease trade order by the British Columbia Securities Commission [1] - The Company acknowledges shareholder patience during the trading suspension and reaffirms its commitment to compliance and corporate governance [2] - The Company has closed two loans with related parties, totaling $137,500 and $135,000 USD, with outstanding balances of $189,208 and $65,000 respectively [6][8] - As of March 31, 2025, the Company reported a working capital deficiency of $3,449,974, which is expected to improve with renewed interest in solar projects following the recent legislation [11] Industry Update - The commercial solar industry has experienced significant changes, particularly with the recent US legislation that rolled back certain tax equity incentives, leading to renewed demand for solar systems [3] - Long-term growth fundamentals for solar energy demand remain strong, driven by factors such as rising energy prices and the need for energy security [4] - Capital costs for solar installations have decreased by 84% over the past 15 years, and over 80% of new generation capacity in 2024 was attributed to solar and solar storage [7] - The anticipated growth in electricity demand from data centers and AI, along with delays in alternative power sources, is expected to create upward pressure on electricity prices [7] Corporate Strategy - The Company is positioned to execute larger scale projects, with some in development up to 5MW in generation capacity, which could positively impact working capital and financial resources [5] - The focus on larger commercial and industrial projects is expected to remedy the working capital deficit and increase revenues [11][12] - The Company has entered into consulting agreements for investor relations services to enhance market engagement [9][10]