Abaxx Provides Q3 2025 Corporate Update

Core Insights - Abaxx Technologies Inc. reported significant operational milestones and execution of its business strategy in Q3 2025, with a notable increase in trading volumes and participant connectivity [9][11][13] Commercial Development - Trading in Gulf of Mexico (GOM) and North Pacific Asia (NPA) LNG Futures increased by 83% in September compared to August, totaling 9,486 contracts traded in Q3, equivalent to 27 physical cargoes [7][11] - Gold Singapore (GKS) Futures saw a total of 54,128 contracts traded through September 30, 2025, following a 242% month-over-month increase in July and a 167% increase in September [7][12] - The number of connected participants grew by 88% quarter-over-quarter, exceeding 150 firms, while connectivity with market makers and liquidity providers rose by 93% to 29 firms [7][13] Exchange Product Development - Abaxx launched its first weather derivatives, Enwex German Wind (GWM) Futures, on November 14, 2025, following the completion of contract specifications and operational preparations [19] - Continued development on silver market solutions and cash-settled LNG contracts to enhance risk management tools [20][18] Risk and Regulatory Development - The application to the U.S. Commodity Futures Trading Commission (CFTC) for recognition as a Foreign Board of Trade (FBOT) is under review, with ongoing engagement [10][20] - Clearing rule amendments were implemented to allow the use of multiple currencies for cash collateral, starting with the euro [10][14] Systems and Operations Development - System capacity was increased by approximately 150% to support growth in daily trading activity, alongside advancements in multi-currency settlement and collateralization features [17][14] - Integration with market data vendors continued to enhance price visibility and transparency [17] Financial Highlights - Abaxx announced a US$22 million non-brokered private placement, closing on October 20, 2025, raising the cash balance to approximately CAD$52 million [28] - The company recorded its first revenue from Singapore operations in Q3 2025, totaling CAD$0.3 million [28]