Fort Lauderdale, Florida--(Newsfile Corp. - February 24, 2026) - ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") announced today that its annual and special meeting (the "Meeting") of the holders (the "Shareholders") of common shares ("Shares") of the Company, previously scheduled for March 4, 2026, has been postponed to 12:00 p.m. (Eastern time) on March 20, 2026 at Suite 5300, 66 Wellington Street West, Toronto, Ontario, M5K 1E6.Further to the Compa ...

Core Insights - Zefiro Methane Corp. announced that its CEO and three Board members purchased a total of 723,000 common shares in the open market, reflecting confidence in the company's strategic direction and long-term value creation potential [1][2]. Company Developments - The CEO, Catherine Flax, stated that Zefiro has been focusing on strengthening its financial and operational foundation, enhancing revenue-generating activities, and building partnerships across various channels [3]. - The company is actively engaged in initiatives related to orphan well retirement, methane emissions reduction, environmental credit generation, and developing scalable solutions for verified emissions abatement [3]. Insider Transactions - The recent insider purchases were made independently and will be reported in regulatory filings as required [4].

Core Insights - Zefiro's subsidiary, Plants & Goodwin, Inc. (P&G), has secured multiple state-funded contracts in Ohio, including a recent project worth USD $522,233 for orphan well remediation in Morrow County [1][2][4] - The company has been awarded a total of USD $20.02 million in contracts this year, including a USD $19.6 million contract for plugging and abandonment management [1][4] - Zefiro's growth in environmental remediation services is a key driver for shareholder value, with ongoing initiatives in emission offset credits [3] Contract Awards - P&G was awarded a USD $522,233 contract for the Morrow 8 project, which involves plugging four orphan wells and excavating two others [2] - Earlier in 2025, P&G received a USD $19.6 million contract for a similar project in Belmont County, further solidifying its position in Ohio [4] - The company has remediated 28 wells in 2025 and has 23 additional wells under contract [5] Market Context - The Ohio Department of Natural Resources (ODNR) reported a significant increase in orphan well plugging, from 15 wells in the 2017 fiscal year to 478 in 2025 [5] - Zefiro's P&G has over 100 crew members and is recognized as a leader in oil and gas well remediation in the Appalachia region [5][6] - The Columbus metro area, with a population of over 2.1 million, highlights the urgency of addressing the unplugged well crisis [7] Company Overview - Zefiro Methane Corp. specializes in methane abatement and aims to be a significant player in the environmental services sector [8] - The company is focused on creating long-term economic, environmental, and social returns through innovative solutions for methane leaks [8]

Core Points - Zefiro Methane Corp. announced that its subsidiary Plants & Goodwin has been awarded a three-year Construction Manager at Risk contract worth USD $19.6 million by the Ohio Department of Natural Resources [1][4] - The company also secured the Belmont 6 project, which involves the decommissioning and environmental remediation of four orphaned oil and gas wells in Belmont County, with a total project value of USD $420,784.45 [2][4] - Plants & Goodwin's bid for the Belmont 6 project was the lowest among seven contractors, with an estimated margin of approximately 20% expected from this project [2][4] Project Details - The Belmont 6 project includes four orphan well sites: Polivka 1, Ronald Rice 3, Rice EJ 1, and Rice EJ 2, each with specific historical drilling and production details [6] - The company has a long-established working relationship with the Ohio Department of Natural Resources, which has led to multiple project awards, including an eight-project slate of 50 wells throughout Ohio earlier this year [4][7] Company Overview - Zefiro Methane Corp. specializes in environmental services focused on methane abatement and aims to be a key player in the Active Sustainability movement [8] - The company has built a fully integrated ground operation and is focused on generating long-term economic, environmental, and social returns through its methane offset initiatives [8]