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Next Hydrogen Announces Closing of $1.5 million in Loans

MISSISSAUGA, Ontario, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the "Company" or "Next Hydrogen") (TSXV:NXH, OTC:NXHSF) is pleased to announce that further to its press release dated July 23, 2025, it entered into a loan agreement with certain existing directors and officers of the Company (the "Lenders") providing for the advance of an unsecured loan (the "Loan") bearing interest at 5.0% per annum in the principal amount of $530,000. The Loan was advanced on July 23, 2025, and matures on the date that is one year from the advance of the Loan (the "Maturity Date"). The advance of the Loan was completed immediately prior to the advance of a $1 million loan from an arm's length commercial lender (the "Original Loan").

In consideration of the advance of the Loan by the Lenders, the Company issued to the Lenders, an aggregate of 214,140 common shares of the Company ("Common Shares") at a deemed price of $0.495 per share as bonus shares (the "Loan Bonus Shares"), representing approximately 20% of the principal amount of the Loan. A set-up fee of $20,000 is also payable to the Lenders on the Maturity Date.

In addition, subject to the approval of the TSXV in accordance with the policies of the TSXV, the Loan may be converted into Common Shares (the "Conversion Shares") at the option of the Company, in whole or in part, on the earlier of the Maturity Date or the closing of an offering of equity securities of the Company.

Next Hydrogen intends to use the proceeds of the Loan and the Original Loan for working capital and general corporate purposes. The Loan and the Original Loan will assist the Company in bridging its financial position in order to keep its talented team and continue operations while ...