Cavalry Capital Corp. Announces Conditional TSXV Acceptance and Filing of Filing Statement for Qualifying Transaction

Core Viewpoint - Cavalry Capital Corp. has received conditional acceptance from the TSX Venture Exchange to proceed with its business combination with Advanced Energy Fuels, Inc., which will be classified as Cavalry's "Qualifying Transaction" [1][3]. Group 1: Transaction Details - The business combination is expected to close on or before December 31, 2025 [2]. - A filing statement dated December 12, 2025, has been submitted, which includes a technical report on the South Woodie Woodie Manganese Project in Western Australia [3]. - The summary financial information for Advanced Energy includes: - Interest income of $4,366 for the nine-month period ended September 30, 2025, compared to $1,559 for the year ended December 31, 2024 - Operating expenses of $350,266 for the nine-month period, up from $168,175 for the previous year - Net loss after tax of $345,900 for the nine-month period, compared to $155,966 for the year ended December 31, 2024 - Total assets of $1,256,932 as of September 30, 2025, compared to $540,394 at the end of 2024 - Shareholders' equity of $1,106,714 as of September 30, 2025, up from $423,409 at the end of 2024 [4]. Group 2: Corporate Changes - Following the completion of the Transaction, Cavalry will be renamed "AE Fuels Corporation" and will undergo a share capital consolidation at a ratio of 1.66 pre-Consolidation shares for each post-Consolidation share [4]. - The board of directors of the Resulting Issuer will consist of five members: Gary Lewis, Melissa Sanderson, Mitchell Smith, Derek Marshall, and Brandon Bonifacio [4]. Group 3: Management Team - Gary L. Lewis will serve as Chief Executive Officer and President, bringing over 30 years of experience in capital markets and resource projects valued over US$400 million [5]. - Jack Cartmel, as Chief Financial Officer, has over 20 years of experience in the mining industry and has held various senior financial roles [6]. - Melissa Sanderson, a director, has over 40 years of experience in geopolitics and ESG strategies, previously serving as a US diplomat [7]. - Mitchell Smith, another director, has over 15 years of experience in finance and capital markets, focusing on critical mineral supply chain security [8]. - Derek Marshall, a director, is an exploration geologist with nearly two decades of experience in mineral discovery and project development [9][10]. - Brandon Bonifacio has been the CEO of Cavalry since April 2021, with extensive experience in project development and mergers and acquisitions [11].