ABOUND Energy Inc. Completes Financing, Finalizes H2Si™ Technology Deal, and Expands Cathode Production

RICHMOND, British Columbia — August 1, 2026 — Leads & Copy — ABOUND Energy Inc. announced the successful completion of several key corporate milestones designed to advance its long-term strategy of building a diversified Energy Solutions Platform. These developments include the finalization of a fully subscribed private placement, the closure of the H2Si™ Technology Commercialization and License Agreement, and the expansion of commercial production for its proprietary ZaeroTex™ advanced air-cathode materials.

The Company has completed a non-brokered private placement, raising gross proceeds of $299,286.96 through the issuance of 3,741,087 common shares. The net proceeds are earmarked for engineering, manufacturing, business development, working capital, and general corporate purposes, strengthening ABOUND's financial position as it pursues multiple commercialization initiatives.

Additionally, ABOUND has finalized the H2Si™ Technology Commercialization and License Agreement with H2Si Power Incorporated. This agreement grants ABOUND exclusive commercialization and licensing rights to the H2Si™ hydrogen technology, with a pathway to acquire the underlying intellectual property upon meeting specified commercial milestones. The H2Si™ technology generates hydrogen through a reaction between silicon nanoparticles and water, utilizing no hydrocarbon-based feedstocks and producing hydrogen gas and silica. The Company believes this technology's deployment flexibility, capable of operating with various water sources, makes it suitable for applications in environments with available non-potable or brackish water infrastructure, including certain AI data center settings.

Independent testing by the University of Saskatchewan has confirmed H2Si™'s consistent hydrogen production and reproducible performance. As consideration for the H2Si™ transaction, ABOUND issued 5,000,000 common shares to the Vendor. The Company is responsible for funding the technical development and construction of the first commercial unit (FCU), with an estimated budget of up to CAD$2.4 million, to be satisfied through equity financings, debt instruments, or strategic partnerships.

ABOUND continues to advance the commercial production of its ZaeroTex™ advanced air-cathode materials, fulfilling its largest purchase order to date. The company has relocated to a new manufacturing facility designed to enhance production workflow, manufacturing efficiency, and operating costs, supporting the expansion of ZaeroTex™ production. ZaeroTex™ currently represents ABOUND's commercial business, with H2Si™ targeted for near-term commercial deployment and Zaeras™, a proprietary zinc-air long-duration energy storage platform, remaining under development.

“These milestones represent another important step in ABOUND’s evolution,” said Keith Morlock, Chief Operating Officer and Director. “We have strengthened the business, expanded our technology portfolio and established a more efficient operating foundation. Our objective is to build a diversified Energy Solutions Platform in which continued growth from ZaeroTex™ and the commercialization of H2Si™ provide greater financial flexibility to support the development of Zaeras™ while reducing reliance on future equity financings. We remain focused on disciplined execution, strategic diversification and long-term shareholder value.”

Following these transactions, ABOUND has 30,542,348 common shares issued and outstanding. All securities issued in connection with the private placement and the H2Si™ transaction are subject to a four-month-and-one-day hold period expiring on December 1, 2026.

Source: ABOUND Energy Inc.