VANCOUVER, British Columbia, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Beyond Oil Ltd. (TSX: BOIL) (OTCQB: BEOLF) (“Beyond Oil” or the “Company”), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste and enhancing sustainability, today announced that it will hold a Special Meeting of Shareholders (the “Special Meeting”) on Thursday, March 12, 2026, at 8:00 a.m. (Pacific time). The Company intends to continue, subject to recei ...

Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, lowering operational costs, minimizing waste, and enhancing sustainability [3] - The company has over 15 years of experience in creating solutions that address critical health concerns and improve sustainability in the food service industry [3] - Beyond Oil's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [3] Recent Developments - Beyond Oil's common shares began trading on the Toronto Stock Exchange (TSX) under the symbol "BOIL" as of November 13, 2025 [1][2] - The CEO, Jonathan Or, emphasized that this uplisting validates the company's innovative approach and positions it well for international expansion and partnerships with leading foodservice brands [2] Industry Impact - The company's technology addresses the widespread practice of reusing frying oil, which poses health risks linked to cancer and cardiovascular diseases [3] - Beyond Oil's solution not only mitigates health risks but also offers benefits such as improved food quality, operational cost savings, and reduced environmental impact [3]

Core Insights - Beyond Oil Ltd. is focused on food-tech innovations aimed at reducing health risks associated with fried food while enhancing sustainability and operational efficiency [1][3] - The company held its annual and special meeting on July 18, 2025, where 35.07% of outstanding shares were represented, and all items of business were approved by shareholders [1][2] Company Developments - The company has appointed Yaffa Brizinov to its board of directors, who brings extensive experience in enterprise IT and digital transformation [2] - Beyond Oil has applied to uplist its shares on the Toronto Stock Exchange and will provide updates as they become available [2] Technology and Market Position - Beyond Oil's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused frying oil, which is common in various food service settings [3] - The company's solutions aim to mitigate health risks associated with reused oil, which has been linked to cancer and cardiovascular diseases, while also improving food quality and reducing operational costs [3]

Core Insights - Beyond Oil Ltd. has appointed Giora BarDea as VP of Global Strategy to enhance its global growth strategy in the foodservice and food industries [1][2][3] Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, lowering operational costs, minimizing waste, and enhancing sustainability [1][5] - The company has developed patented technology that significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil [5] Leadership Appointment - Giora BarDea brings over 30 years of leadership experience in the food and beverage industry, including significant roles at Strauss Group, where he expanded its global footprint [2][4] - His appointment is expected to strengthen Beyond Oil's leadership team and support its ambitious growth strategy [2][3] Strategic Focus - In his new role, BarDea will concentrate on long-term strategic planning, expanding international partnerships, and strengthening the distribution network [1][2] - The company aims to scale its impact across the global food sector by leveraging BarDea's expertise in operational efficiency and sustainability [3][4]

Core Insights - Beyond Oil Ltd. has engaged ICR, Inc. to enhance its investor relations and corporate communications in North America, reflecting the company's accelerating commercial momentum [1][5] - The agreement with ICR includes a monthly retainer of US$15,000 for a 12-month term, focusing on developing an annual investor relations plan and managing corporate communications [3] - Additionally, Beyond Oil has partnered with Gotlive Investor Relations Consulting for investor relations services in Israel, with a monthly retainer of 10,000 New Israeli Shekels [4][5] Company Overview - Beyond Oil Ltd. is a food-tech innovation company dedicated to reducing health risks associated with fried food while improving sustainability and lowering operational costs [1][6] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil, which is common in various food service settings [6] - Beyond Oil's solutions aim to mitigate health risks, improve food quality, and reduce environmental impact, supported by extensive research [6]

Core Insights - The first quarter of 2025 for Beyond Oil Ltd. saw record revenues of US$1.01 million, marking a 660% year-over-year growth and 216% sequential growth from Q4 2024, driven by global commercialization efforts and market adoption [2][4]. Financial Highlights - Revenue increased to $1.01 million in Q1 2025 from $0.13 million in Q1 2024, and $0.32 million in Q4 2024, surpassing the total revenue for the entire financial year 2024 [4]. - Gross profit rose to $513 thousand in Q1 2025, a 1176% increase from $41 thousand in Q1 2024, and a 266% increase from $140 thousand in Q4 2024 [4]. - Cash position improved to $4.49 million as of March 31, 2025, a 24% increase from $3.62 million as of December 31, 2024 [4]. - Operating expenses were $2.21 million in Q1 2025, up from $0.75 million in Q1 2024, reflecting strategic investments in global expansion and marketing [4]. - Net loss for Q1 2025 was $11.01 million, compared to $0.71 million in Q1 2024, primarily due to non-cash expenses [4]. Strategic Developments - The company announced a C$10.64 million private placement led by Clal Insurance, aimed at supporting growth initiatives, which was completed in Q2 2025 [4]. - Approximately C$7.2 million was raised through warrant exercises, indicating strong investor confidence [4]. - A Master Distribution Agreement was executed with Latitude Ltd. for the U.S. market, with initial shipments already completed [5][4]. Market Expansion - Beyond Oil expanded its distribution network in Europe with new agreements in multiple countries including the Netherlands, France, Spain, Hungary, Belgium, Portugal, Sweden, and Greece [8]. - The company entered into a five-year distribution agreement in Australia and a distribution agreement in India, further enhancing its global market presence [8].

Core Viewpoint - Beyond Oil Ltd. successfully closed a brokered private placement, raising gross proceeds of C$10,641,615.60, which will be used to support global expansion initiatives and enhance product distribution [1][3]. Group 1: Investment Details - The private placement was led by Clal Insurance Company Ltd., a major institutional investor in Israel, along with an Israeli-based investment fund [2]. - A total of 3,042,200 units were issued at a price of C$3.498 per unit, with each unit consisting of one common share and warrants [3][9]. - The company paid aggregate cash compensation of C$224,641.56 in connection with the offering [4]. Group 2: Strategic Implications - The investment from Clal validates Beyond Oil's technology and business model, providing necessary capital for expansion [3]. - Beyond Oil has committed to completing an uplisting to a senior exchange in Canada or the United States within the next six months [6]. Group 3: Company Overview - Beyond Oil Ltd. focuses on food-tech innovations aimed at reducing health risks associated with fried food, improving sustainability, and lowering operational costs [1][7]. - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil in various food service settings [7].

Core Insights - Beyond Oil Ltd. has received C$2.166 million from the exercise of 1,836,766 warrants by the Or family, contributing to a total of C$7,007,043.12 in warrant exercise proceeds since January 1, 2025 [1][3] - Clal Financial Management has purchased the resulting common shares from the Or family at C$3.498 per share, totaling C$6,421,509.47 [2] - The company expects to close a brokered private placement of up to C$10.85 million, led by Clal, by May 20, 2025 [3] Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food while enhancing sustainability and lowering operational costs [4] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused frying oil, which is common in various food service settings [4] - Beyond Oil's solutions aim to mitigate health risks, improve food quality, and reduce environmental impact, backed by extensive research [4]