News Release – January 14, 2026 – TheNewswire - Kelowna, British Columbia, Canada (TSX.V: REBL.P) Genesis Acquisition Corp. (the “Company” or “Genesis”), a capital pool company (a “CPC”), announces that on January 14, 2026, it entered into an amending agreement (the “Amending Agreement”) amending certain of the terms set forth in its previously announced business combination agreement (the “Definitive Agreement”) with Nusa Nickel Corp. and pursuant to which the parties would complete their arm’s length business combination transaction (the “Proposed Transaction”), including extending the outside date for completion of the Proposed Transaction.  

 

The parties continue to work diligently toward the completion of the Proposed Transaction and, subject to satisfaction or waiver of the condition’s precedent referred to in the Definitive Agreement and receipt of all requisite approvals, the parties anticipate the Proposed Transaction will be completed in the second quarter of 2026.

 

About Genesis Acquisition Corp.

 

Genesis is a CPC that completed its initial public offering and obtained a listing on the Exchange on or about November 1, 2019 (trading symbol: REBL.P). Prior to entering into the LOI, Genesis did not carry on any active business activity other than reviewing potential transactions that would qualify as Genesis's Qualifying Transaction.

 

About Nusa Nickel Corp.

 

Nusa Nickel is North America's only revenue-generating nickel producer and licensed trader operating in Indonesia's world-leading nickel district.

 

Our operations focus on the responsible sourcing, production, and sale of lateritic nickel material, with a commitment to environmental stewardship and supporting local communities. In addition to our production activities, Nusa Nickel is a licensed nickel trader, enabling us to source and supply nickel ore from third-party producers and expand our market footprint across Indonesia.

 

ON BEHALF OF THE BOARD OF DIRECTORS:

 

Blair Wilson, President, Chief Executive Officer, and Director

For further information please contact:

Email:        blair@forbiddenspirits.ca       

Phone: (250) 317-0996       

 

Disclaimer for Forward-Looking Information

 

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect Genesis's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the business plans of Genesis, Nusa, and the Proposed Transaction, including the anticipated timing of the completion thereof. Such statements and information reflect the current view of Genesis. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

 

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF GENESIS AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE GENESIS MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to, acceptance of the TSX Venture Exchange. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

 

Investors are cautioned that, except as disclosed in the Filing Statement to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

 

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.