Minaean Terminates Transaction with InMotion Energy Corp. and Announces Intention to Consolidate Shares
Vancouver, BC, Canada – October 21, 2025 – Minaean SP Construction Corp. (TSX Venture Exchange: MSP; Berlin and Frankfurt Stock Exchanges: NJA) (“Minaean” or the “Company”) announces that it has terminated the previously announced (see July 21, 2025 news release) transaction with InMotion Energy Corp. (“InMotion”).
Minaean anticipates that the $25,000 advanced to InMotion to date will be converted to an equity stake in InMotion and continues to be excited about the potential future developments of InMotion.
Consistent with its news release dated June 24, 2025, the Company remains committed to evaluating and pursuing opportunities in the solar powered space and renewable energy sector. The Company believes this space continues to present significant long-term potential, aligned with global efforts toward sustainability, low-carbon technologies and clean energy adoption.
In addition, the Company announces that it intends to proceed with an up to 5-for-1 share consolidation (the “Consolidation”) of the Company’s shares. The Company believes the Consolidation will help position Minaean to appeal to a broader base of investors and enhance its capital markets profile. The effective date for the Consolidation will be set by the Board of Directors and will be announced in due course. The Consolidation would be subject to the approval of the TSX Venture Exchange.
Mr. Mervyn Pinto, CEO, President and Director, commented, “Although we’ve chosen not to proceed with the InMotion transaction, we are enthusiastic about the future of the solar power construction industry and the role our company can play in advancing clean energy solutions. We look forward to keeping our shareholders informed as opportunities develop.”
About Minaean SP Construction Corp.
Minaean SP Construction is a company well known for its pioneering efforts in the manufacture of light gauge steel components for the construction industry and modular metal buildings. The business strategy of the company is being expanded to the pursuit of other industrial opportunities, including the development and execution of solar power projects.
The shares of Minaean SP Construction are publicly traded on the TSX Venture Exchange under the symbol MSP and on the Berlin and Frankfurt stock exchanges under the symbol NJA.
On behalf of the Board of Directors
MINAEAN SP CONSTRUCTION CORP.
Mervyn Pinto
President & Director
Phone: +1 (604) 684-2181
Email: info@minaean.com
Forward Looking Information
This news release contains “forward-looking statements” within the meaning of applicable securities laws, such as statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Use of words such as “may”, “will”, “expect”, “believe”, “intends”, “likely”, or other words of similar effect may indicate a “forward-looking” statement. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those described in the Company’s publicly filed documents (available on SEDAR+ at www.sedarplus.ca). Many of these risks and uncertainties can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statement made by the Company or on its behalf. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. All forward-looking statements in this news release are qualified by these cautionary statements. These statements are made as of the date of this news release and, except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The Company does not assume any obligation to update or revise any forward-looking statements, whether written or oral, that may be made from time to time by the Company or on the Company’s behalf, except as required by applicable law.
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
