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QNB announces CSE conditional approval
Thenewswire· 2025-09-04 11:00
Core Viewpoint - QNB Metals Inc. has received conditional approval for its Form 2A Listing Statement from the Canadian Securities Exchange, marking a significant step in the reverse takeover by ReSolve Energy Inc. [1] Group 1: Company Developments - The reverse takeover involves a $2.5 million concurrent equity financing, which is nearing completion and is a condition for the restart of trading [1] - The Canadian Securities Exchange has approved the fundamental change for QNB Metals Inc., which will be renamed ReSolve Energy Inc. upon completion of the transaction [1][2] Group 2: Business Focus - QNB Metals is engaged in the exploration of natural or white hydrogen in Ontario and Quebec, utilizing advanced detection technology on promising claims [3] - ReSolve is focused on developing and commercializing advanced biofuel and renewable energy technologies, including a proprietary acid hydrolysis platform for converting residual biomass into renewable energy products [4] Group 3: Assets and Projects - QNB Metals holds the Kingsville Salt Reservoir Project in Nova Scotia [3] - ReSolve owns a patent-pending intellectual property portfolio related to hydrogen detection and extraction methods, along with 119 mineral exploration claims covering 6,613 hectares in Québec [4]