NXT Energy Solutions Inc

OTCQB:NSFDFUnited StatesView on Canadian Exchange

CALGARY, AB / ACCESSWIRE / November 12, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce it has completed the final tranche of a planned private placement of an aggregate principal amount of US$900,000 (approximately CDN$1,252,170) of convertible debentures (the "2024 Debentures") to Ataraxia Capital ("Ataraxia"), in the amount of US$400,000, (approximately CDN$556,520), pursuant to the terms of the subscription agreement signed between Ataraxia and NXT in 2023 (the "2024 Debenture Placement"). The Toronto Stock Exchange (the "TSX") has provided conditional approval of the final phase of this 2023 agreement. For additional information regarding the 2024 Debenture Placement, please refer to NXT's issuer profile on www.sedarplus.ca.

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Non-GAAP Measures

This news release contains disclosure respecting non-GAAP performance measures including net working capital which does not have a standardized meaning prescribed by US GAAP and may not be comparable to similar measures presented by other entities. This measure is included to enhance the overall understanding of NXT's ability to assess liquidity at a point in time. Readers are urged to review the section entitled "Non-GAAP Measures" in NXT's MD&A for the three and nine months ended September 30, 2024 which is available under NXT's profile on SEDAR+ at www.sedarplus.ca, for a further discussion of such non-GAAP measures. The financial information accompanying this news release was prepared in accordance with US GAAP, unless otherwise noted. The MD&A and the unaudited condensed interim consolidated financial statements and notes for the three and nine months ended September 30, 2024, are available in the Investor Relations section of www.nxtenergy.com, or under NXT's SEDAR+ profile at www.sedarplus.ca.

CALGARY, AB / ACCESSWIRE / November 5, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce the award of a contract to provide an SFD(R) survey for AL-Haj Enterprises Private Limited ("AEPL"). Data acquisition operations for this contract are expected to commence in the second quarter of 2025, and NXT's interpretations and recommendations are expected to be delivered during the third quarter of 2025.