/NOT FOR RELEASE TO U.S. NEWS WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES/

MONTREAL, Feb. 20, 2026 /PRNewswire/ — February 20, 2026 – Sydney, Australia

Highlights 

• Successful closing of the previously announced financings, strengthening PMET’s balance sheet to fund the next phase of exploration and development at the Shaakichiuwaanaan Project following recent exploration success.

• Proceeds will underpin the delivery of an updated and optimized CV5 Feasibility Study with the inclusion of tantalum as a co-product, and advance CV13 towards preliminary economic assessment, inclusive of lithium, caesium and tantalum.

• The proceeds will significantly de-risk the Company’s funding requirements as it advances towards a Final Investment Decision (“FID”) while preserving strategic flexibility.

• Offerings consisted of: (i) public offering of common shares for aggregate gross proceeds of ~ C$65 million at a price of C$5.66 per common share (the “Prospectus Offering”), and (ii) concurrent private placement of flow-through shares for aggregate gross proceeds of ~ C$65 million conducted at a price of ~ C$9.30 per common share representing a 48% premium to the Company’s last traded share price on the Toronto Stock Exchange (“TSX”) as of February 6, 2026 (the “Flow-Through Offering” and, together with the Prospectus Offering, the “Offerings”).

• Over allotments were partially exercised by the Agents under their over-allotment option in connection with the Prospectus Offering (the “Over-Allotment Option”), resulting in the issuance of 1,365,631 additional common shares for aggregate gross proceeds of ~ C$7.7 million, demonstrating continued institutional demand despite recent market volatility and bringing aggregate proceeds raised to ~ C$138 million.

• Technical Committee established by the PMET Board providing dedicated oversight of key technical workstreams contributing to the Project.

• The Flow-Through Offering will be followed by a secondary sale of the common shares (transmuted to CDIs) by way of a block trade to select institutional investors on the ASX at a price of A$0.59 per CDI (the “Reoffering”).

• Settlement of the Reoffering on the Australian Securities Exchange (“ASX”) is anticipated to occur on February 20, 2026 (Sydney, Australia time) at which time the 6,992,255 charity flow-through shares issued as part of the Flow-Through Offering (the “Flow-Through Shares”) will have been transmuted to 69,922,550 CHESS Depositary Interests (“CDIs”).

PMET President, CEO and Managing Director, Ken Brinsden, commented:

“This is a tremendous outcome for PMET which is testament to the quality of the Shaakichiuwaanaan Project, the depth and capability of PMET team, and the robustness of our development strategy. With the successful completion of these financings, PMET has materially strengthened its balance sheet at a critical juncture for Shaakichiuwaanaan. The proceeds of this upsized raising positions us strongly to optimise the CV5 Feasibility Study, advance CV13, and integrate high-value co-products including caesium and tantalum into a development-ready plan as we move in a disciplined and systematic manner towards a Final Investment Decision.

Importantly, this funding significantly de-risks our path to FID while preserving strategic flexibility as we progress engineering, permitting and commercial discussions.

As we enter a more execution-focused phase, the PMET Board has established a dedicated Technical Committee, chaired by Aline Côté and composed of Blair Way and myself. Strengthening board-level stewardship at this stage reinforces our commitment to disciplined capital allocation, risk management and delivery of a globally significant multi-commodity critical minerals project.“

PMET RESOURCES INC. (the “Company” or “PMET”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce that, further to its news release issued on February 9, 2026, it has successfully completed: (i) the Prospectus Offering of 11,484,099 common shares in the capital of the Company at a price of C$5.66 per common share for aggregate gross proceeds of approximately C$65 million, (ii) the issuance of an additional 1,365,631 common shares in the capital of the Company at a price of C$5.66 per common share for aggregate gross proceeds of approximately C$7.7 million from the partial exercise of the Over-Allotment Option, and (iii) the Flow-Through Offering of 6,992,255 charity Flow-Through Shares that qualify as “flow-through shares” at an issue price of ~ C$9.30 per charity Flow-Through Share, representing a 48% premium to the closing price of PMET shares on the TSX as of February 6, 2026, for gross proceeds of approximately C$65 million. Following the completion of the Offerings, the Reoffering will take place on February 20, 2026 (Sydney, Australia time). The Company received conditional approval from the TSX for the Offerings.

The Offerings were led by Raymond James Ltd., as sole global coordinator and sole bookrunner for the Prospectus Offering, together with BMO Nesbitt Burns Inc., as co-lead agent, on behalf of a syndicate of co-managers composed of National Bank Financial Inc., ATB Capital Markets Corp. and Desjardins Securities Inc. (collectively, the “Agents“). The Flow-Through Offering was facilitated by PearTree Securities Inc. The Reoffering was facilitated by Euroz Hartleys Limited and Canaccord Genuity (Australia) Limited, as joint lead managers. RBC Capital Markets and Argonaut Securities Pty Ltd acted as co-managers to the Reoffering.

The Company was advised by Norton Rose Fulbright Canada LLP, Allens, and Rimôn, P.C. The Agents were advised by Dentons Canada LLP.

Settlement of the Reoffering is anticipated to occur on February 20, 2026 (Sydney, Australia time) at which time the Flow-Through Shares will have been transmuted to 69,922,550 CDIs, which trade on the ASX. Participants in the Reoffering cannot convert their CDIs into common shares of the Company for the purpose of trading such shares in Canada until four (4) months have elapsed from the settlement date.

Technical Committee

The Board has established a Technical Committee to provide focused oversight of key technical and development workstreams as the Company advances Shaakichiuwaanaan toward a FID. The Committee, chaired by Aline Côté and comprising Blair Way and Ken Brinsden, will work closely with management on Feasibility Study optimisation, engineering progression, project readiness and integration of co-products into the development plan. The establishment of this committee reflects the Company’s broader transition through the study phase and towards execution.

Volkswagen

In addition to the common shares issued under the Offerings including from the partial exercise of the Over-Allotment Option, existing Company major shareholder, Volkswagen Finance Luxemburg S.A (“VW“), has confirmed that, subject to it obtaining internal approvals, it intends to participate in a separate private placement which is anticipated to be for up to approximately C$14 million at C$5.66 per share (the “VW Placement“). The Company received conditional approval from the TSX for the VW Placement. Assuming all required approvals are obtained, the closing of the VW Placement is expected to occur after the closing of the Offerings and would see VW’s interest in the Company return to approximately 9.553%. Any final decision and amount of participation by VW will be subject to their internal approvals. There can be no assurance that VW will participate. The Company will provide an update on VW’s proposed participation in accordance with its continuous disclosure obligations. Any shares issued to VW are expected to fall within the Company’s existing 15% placement capacity under ASX Listing Rule 7.1.

The Offerings including from the partial exercise of the Over-Allotment Option and the VW Placement remain subject to the final approval of the TSX.

Not an Offer of Securities

This news release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor will there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This news release may not be released to U.S. wire service or distributed in the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act or the applicable state securities laws.

ABOUT PMET RESOURCES INC.

PMET Resources Inc. is a pegmatite critical mineral exploration and development company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Property located in the Eeyou Istchee James Bay region of Quebec, Canada, which is accessible year-round by all-season road and proximal to regional hydro-power infrastructure.

In late 2025, the Company announced a positive lithium-only Feasibility Study on the CV5 Pegmatite for the Shaakichiuwaanaan Property and declared a maiden Mineral Reserve of 84.3 Mt at 1.26% Li₂O (Probable)¹. The study outlines the potential for a competitive and globally significant high-grade lithium project targeting up to ~800 ktpa spodumene concentrate using a simple Dense Media Separation (“DMS”) only process flowsheet. Further, the results highlight Shaakichiuwaanaan as a potential North American critical mineral powerhouse with significant opportunity for tantalum and caesium in addition to lithium.

The Project hosts a Consolidated Mineral Resource² totalling 108.0 Mt at 1.40% Li₂O and 166 ppm Ta₂O₅ (Indicated), and 33.4 Mt at 1.33% Li₂O and 155 ppm Ta₂O₅ (Inferred), and ranks as the largest³ lithium pegmatite resource in the Americas, and in the top ten globally. Additionally, the Project hosts the world’s largest pollucite-hosted caesium pegmatite Mineral Resource at the Rigel and Vega zones with 0.69 Mt at 4.40% Cs₂O (Indicated), and 1.70 Mt at 2.40% Cs₂O (Inferred).

For further information, please contact us at info@pmet.ca or by calling +1 (604) 279-8709, or visit www.pmet.ca. Please also refer to the Company’s continuous disclosure filings, available under its profile at www.sedarplus.ca and www.asx.com.au, for available exploration data.

This news release has been approved by

“KEN BRINSDEN“

Kenneth Brinsden, President, CEO, & Managing Director

Olivier Caza-Lapointe
Head, Investor Relations
T: +1 (514) 913-5264
E: ocazalapointe@pmet.ca

QUALIFIED/COMPETENT PERSON

The technical and scientific information in this news release that relates to the Mineral Resource Estimate for the Company’s properties is based on, and fairly represents, information compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), and member in good standing with the Ordre des Géologues du Québec (Geologist Permit number 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr. Smith has reviewed and approved the related technical information in this news release.

Mr. Smith is an Executive and Vice President of Exploration for PMET Resources Inc. and holds common shares, Restricted Share Units (RSUs), Performance Share Units (PSUs), and options in the Company.

The information in this news release that relates to the Mineral Reserve Estimate and Feasibility Study is based on, and fairly represents, information compiled by Mr. Frédéric Mercier-Langevin, Ing. M.Sc., who is a Qualified Person as defined by NI 43-101, and member in good standing with the Ordre des Ingénieurs du Québec. Mr. Mercier-Langevin has reviewed and approved the related technical information in this news release.

Mr. Mercier-Langevin is the Chief Operating and Development Officer for PMET Resources Inc. and holds common shares, RSUs, PSUs, and options in the Company.

DISCLAIMER FOR FORWARD-LOOKING INFORMATION

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws.

All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. 

Forward-looking statements include, but are not limited to, statements pertaining to the final TSX approval of the Offerings, the conversion of the Flow-Through Shares into CDIs, the Reoffering, the VW participation, the VW Placement, the role and impact of the Technical Committee, the expected use of proceeds, and the development and positioning of the Company.

Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the Company’s ability to satisfy all closing conditions of the VW Placement, the absence of market conditions that could adversely impact the VW Placement and the absence of material adverse changes in the Company’s industry or the global economy including interest rates, inflationary pressures, supply chain disruptions and commodity market volatility. 

Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, any of which could have a material adverse effect on the Company’s business, financial condition, results of operations and growth prospects. Readers should review the detailed risk discussion in the Company’s most recent Annual Information Form filed on SEDAR+, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.

Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate. If any of the risks or uncertainties mentioned above, which are not exhaustive, materialize, actual results may vary materially from those anticipated in the forward-looking statements.

The forward-looking statements contained herein are made only as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.

COMPETENT PERSON STATEMENT (ASX LISTING RULES)

The information in this news release that relates to the Feasibility Study (“FS”) for the Shaakichiuwaanaan Project, which was first reported by the Company in a market announcement titled “PMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project” dated October 20, 2025 (Montreal time) is available on the Company’s website at www.pmet.ca, on SEDAR+ at www.sedarplus.ca and on the ASX website at www.asx.com.au. The production target from the Feasibility Study referred to in this news release was first reported by the Company in accordance with ASX Listing Rule 5.16 on the date of the original announcement. The Company confirms that, as of the date of this news release, all material assumptions and technical parameters underpinning the production target in the original announcement continue to apply and have not materially changed.

The Mineral Resource and Mineral Reserve Estimates in this news release were first reported by the Company in accordance with ASX Listing Rules 5.8 and 5.9 in market announcements titled “World’s Largest Pollucite-Hosted Caesium Pegmatite Deposit” dated July 20, 2025 (Montreal time) and “PMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project” dated October 20, 2025 (Montreal time) and are available on the Company’s website at www.pmet.ca, on SEDAR+ at www.sedarplus.ca and on the ASX website at www.asx.com.au. The Company confirms that, as of the date of this news release, it is not aware of any new information or data verified by the competent person that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant announcement continue to apply and have not materially changed. The Company confirms that, as at the date of this announcement, the form and context in which the competent person’s findings are presented have not been materially modified from the original market announcement.

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Seed round led by blockchain VC firm Blockchange Ventures. The Unicity Protocol enables AI agents to form peer-to-peer trustless marketplaces at machine speed

ZUG, Switzerland, Feb. 20, 2026 /PRNewswire/ — Unicity Labs, a protocol development company building the agentic autonomous internet, has successfully raised $3 million in seed funding. The round was led by Blockchange Ventures, with participation from Tawasal, a Middle East-based communications super app, and Outlier Ventures, a leading Web3 early-stage investor.

The company recently established the Unicity Foundation in Switzerland to oversee protocol governance, grant funding, and open-source development.

The timely raise comes as AI agents (software entities that can independently discover services, negotiate terms, and execute transactions) evolve from conceptual tools into economic actors. The global agentic AI market is projected to exceed $100 billion by 2032. In line with this, Unicity Labs has developed the Unicity Protocol, a peer-to-peer cryptographic architecture enabling autonomous AI agents to discover services, verify counterparties, and transact at machine speed without intermediaries or shared ledgers.

The Unicity Labs team, which previously built and exited Guardtime, a cybersecurity infrastructure company, includes PhD researchers in distributed systems, cryptography, and machine learning. The company recently established the Unicity Foundation in Switzerland to oversee protocol governance, grant funding, and open-source development.

As AI agents become increasingly autonomous, they will need to discover services, negotiate terms, and settle transactions continuously, at scale, without human intervention. Today’s infrastructure forces a trade-off: centralize through big tech, sacrificing trustlessness, or rely on traditional blockchains, which bottleneck when millions of agents transact simultaneously.

“Satoshi’s whitepaper was titled ‘Peer-to-Peer Electronic Cash.’ Seventeen years later, we still don’t have true peer-to-peer or electronic cash. Every transaction still routes through shared ledgers, introducing unnecessary bottlenecks,” said Mike Gault, CEO of Unicity Labs. “Unicity changes that. We’re not building another marketplace or trading platform. We’re building the infrastructure beneath them. Unicity provides the place and the rails that allow agents to discover each other and settle directly, frictionlessly, peer-to-peer, at the scale and speed the agentic economy demands.”

“The shared-ledger model that defined the last decade was designed before the AI-driven world we are now entering,” said Matt Immerso, General Partner at Blockchange Ventures. “Unicity didn’t just patch the old system, they built its successor thanks to their critical innovation that separates transactions from validations. By having the network simply confirm an asset’s uniqueness rather than processing its entire context, Unicity delivered the breakthroughs in speed, scale, and cost that are absolute prerequisites for a future powered by autonomous agents.”

Tawasal, a leading communications super app in the Middle East serving over five million users, participated in the round as a strategic investor.

“Today, merchants spend enormous amounts acquiring customers – buying ads, competing for attention, hoping for conversions,” said Eric Leandri, CEO of Tawasal. “In an agentic economy, merchants don’t market to people. They sell to agents – agents that have been instructed about what their users want and are ready to transact. Unicity’s infrastructure makes that possible, and it will fundamentally change the economics of commerce.”

“The industry has spent a decade optimizing shared ledgers. Unicity asked a different question entirely: what if agents don’t need a shared ledger at all?” said Dimitrios Chatzianagnostou, CIO of Outlier Ventures. “That architectural shift is what makes massive scale agent-to-agent commerce possible.”

Read the Unicity whitepaper here: https://github.com/unicitynetwork/whitepaper/releases/tag/latest

Mike Gault, Founder of Unicity Labs, and Matt Immerso, Partner at Blockchange Ventures, are available for interviews.

About Unicity Labs
Unicity Labs is building the infrastructure for the autonomous agentic internet. The Unicity Protocol replaces shared ledgers with peer-to-peer cryptographic objects, enabling AI agents to discover, transact, and settle autonomously. Founded by veterans of blockchain and cryptography, Unicity is backed by Blockchange Ventures, Outlier Ventures, and Tawasal. The Unicity Foundation, established in Switzerland, oversees protocol development and community governance. Learn more unicity.ai | https://x.com/unicity_labs | https://sphere.unicity.network

About Blockchange Ventures
Blockchange Ventures is a New York-based venture capital firm investing exclusively in early-stage blockchain companies, protocols, and applications. Founded in 2017, the firm backs extraordinary founders building the infrastructure for the decentralized economy.

About Tawasal
Tawasal SuperApp is a UAE-based secure messaging and digital lifestyle platform serving over five million users across the Middle East. Launched in 2019 in Abu Dhabi, Tawasal offers messaging, video conferencing, trading, and lifestyle services with a focus on data sovereignty and regional infrastructure development.

About Outlier Ventures
Founded in 2014, Outlier Ventures is the world’s leading Web3 early stage investor, with a renowned reputation as the go-to authority for Web3 founders, investors and partners. With a portfolio of over 370 global investments and Outlier Ventures has helped raise USD 1 billion in seed funding.

DX Terminal Pro Introduces Revolutionary “Inverse Launchpad” Where Only One Token Survives 21-Day Agent-Only Competition

TERMINAL CITY, BC, Feb. 20, 2026 /PRNewswire/ — DXRG today announces DX Terminal Pro, the first Onchain Agentic Market (OAM) launching February 24, 2026 on Base. In a radical departure from traditional memecoin launches, DX Terminal Pro pits AI agents against each other in a 21-day battle royale where only the strongest token graduates to public markets—with real money and real stakes.

DX TERMINAL

Real Money. Real Agents. Real Consequences.

DX Terminal Pro transforms memecoin launches into a battle royale style proving ground. Participants stake AI agents, deploy them to trade with real capital, configure trading strategies, and watch as their autonomous agents compete in Uniswap V4 pools—no human trading allowed. Over three weeks, underperforming tokens are systematically eliminated through “Reaping” cycles, with liquidity flowing to the strongest survivor until only one token remains.

Traditional launchpads mint unlimited memecoins with minimal barriers to creation. DXRG has inverted the model by creating the world’s first Onchain Agentic Market (OAM). Tokens must prove themselves first in an agent-driven arena before accessing public markets. This is blockchain Darwinism—many enter, environmental pressure prunes the weak, and only one survives.

The Protocol: Battle Royale Meets DeFi

The mechanism unfolds across four distinct phases:

1. Allocation (Pre-Deposit): Participants stake DX Terminal NFT agents and allocate ETH to preferred genesis tokens
2. Genesis (Day 1): Multiple coins launch simultaneously with liquidity proportional to pre-deposits
3. Reaping (Days 7-19): At set intervals, the lowest market-cap coin is eliminated and its liquidity harvested to acquire the top performer
4. Graduation (Day 21): The last token standing unlocks for public human trading on Base—battle-tested and proven

Innovation at Scale: From Simulation to Reality

Building on May 2025’s DX Terminal simulation—the largest AI financial simulation ever conducted with 37,000 agents and 40 billion LLM tokens—DX Terminal Pro is expected to generate 10x that volume, potentially reaching 1 trillion tokens of agent behavior data in real market conditions.

Unlike traditional launchpads where tokens list based on promises, DX Terminal Pro’s graduated token carries proven resilience: three weeks of agent-driven competition, multiple elimination cycles, and demonstrated capacity to attract and maintain value under adversarial conditions.

Key Features:

• First Onchain Agentic Market (OAM): Novel primitive combining agent execution, human strategy, and transparent onchain commitment
• Agents-Only Trading: No human can execute trades; only AI agents access the Uniswap V4 pools
• Systematic Reaping: Regular elimination of weakest performers with liquidity redistribution
• Transparent Infrastructure: All agents run identical models on identical hardware with all decisions logged onchain
• Token Graduation: Winner emerges battle-tested, ready for broader Base ecosystem
• Low Barrier to Entry: Anyone with a DX Terminal NFT can participate; ETH withdrawable anytime

Risk Disclosure

DX Terminal Pro is experimental. By depositing, participants consent to an experimental financial system where agents may act unpredictably. Real capital is at risk. Outcomes depend on agent behavior and market dynamics that cannot be fully anticipated. This announcement does not constitute financial advice.

About DXRG

DXRG builds experimental financial systems at the intersection of AI and blockchain. Following the May 2025 DX Terminal simulation—the largest AI financial simulation ever conducted—DXRG is pioneering Onchain Agentic Markets (OAMs) where autonomous agents, human strategy, and transparent execution create novel primitives for decentralized finance.

dxrg.ai 

International Airlines Group (IAG), Shell, Groupe ADP, LanzaTech, and Mitsui make additional investments to support LanzaJet’s growth and commercial deployment of its proprietary Alcohol-to-Jet (ATJ) technology

CHICAGO, Feb. 19, 2026 /PRNewswire/ — LanzaJet, Inc., a leading next-gen fuels technology company and fuels producer, today announced the first close of an overall $135 million target equity investment round, at a $650 million pre-money enterprise valuation. The round is co-led by IAG and Shell, with participation from Groupe ADP, LanzaTech, and Mitsui – all existing shareholders who are expanding their investment in LanzaJet’s growth and operations at LanzaJet Freedom Pines Fuels in Soperton, Georgia, USA – the world’s first fully integrated, commercial-scale ethanol-to-fuels plant. The continued investment from these industry leaders underscores strong confidence in the future of sustainable aviation fuel and LanzaJet’s proprietary ATJ technology. The financing will support existing and future commercial deployments of its ATJ technology, allowing LanzaJet to capitalize on its deep portfolio of global opportunities.

Separately, LanzaJet was previously awarded a substantial grant from the UK Department for Transport’s Advanced Fuels Fund (AFF) to accelerate development of its Project Speedbird, a major SAF biorefinery in Teesside, United Kingdom. The first close of the equity round and the grant together provide LanzaJet with $47 million in capital.

“We’re at a pivotal moment at LanzaJet. At the end of 2025, we announced that we fully operated and produced ASTM on-spec fuels at LanzaJet Freedom Pines Fuels – marking both the world’s first production of jet fuel using ethanol as a feedstock at a commercial-scale plant, and the first non-oil-based scalable renewable solution compatible with today’s aircraft. The decision by our existing investors to lead this fundraising round reaffirms their conviction in our technology and sends a strong signal to the entire industry that LanzaJet is committed to unlocking new value for ethanol, creating opportunity for economic development, and defining the future of fuels for transportation,” said Jimmy Samartzis, Chief Executive Officer of LanzaJet.

As part of this funding round, LanzaJet is entering into an innovative multi-year tolling structure at its LanzaJet Freedom Pines Fuels facility. Under the tolling agreements, LanzaJet will use a low carbon, waste-based ethanol produced domestically in the U.S., along with renewable natural gas from a regional plant, to produce low carbon SAF and renewable diesel fuel. The tolling structure provides LanzaJet with secured feedstock supply and guaranteed offtake of all production at the plant.

In conjunction with this round, LanzaJet optimized its ownership and governance structure to enable effective and efficient decision-making, support its growth, and position the company to attract future investors.

ADVISOR

Perella Weinberg is serving as exclusive financial advisor to LanzaJet.

ABOUT LANZAJET

LanzaJet is a leading alternative fuels technology provider with patented ethanol-based alcohol-to-jet (ATJ) technology. LanzaJet is impacting economic development, energy security, decarbonization, and national security by accelerating the production and deployment of Sustainable Aviation Fuel (SAF) and other alternative fuels. LanzaJet is supported by investors and funders including Airbus, All Nippon Airways, Breakthrough Energy, International Airlines Group, Groupe ADP, LanzaTech, Microsoft’s Climate Innovation Fund, Mitsui & Co., MUFG, Shell, Southwest Airlines, the U.S. Department of Energy, and the UK Department for Transport. LanzaJet has been recognized for its impact by TIME, Fortune, MIT, Reuters, S&P Global, and many others. Further information is available at: https://www.lanzajet.com/