reports
NXT Energy Solutions Provides Operational Update
NXT Energy Solutions Provides Operational Update CALGARY, Alberta, Feb. 29, 2024 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to provide the following operational update. Completion of Turkish Survey NXT has delivered the final SFD® survey results to its Turkish customer and is currently in Türkiye supporting the integration of SFD® data with their existing geological and geophysical data. As announced earlier, the Company’s Turkish customer and one of its partners had requested NXT to add additional line kilometers to the ...
NXT Announces Closing of Private Placement of Convertible Debentures
NXT Announces Closing of Private Placement of Convertible Debentures CALGARY, Alberta, Jan. 12, 2024 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce the closing of the private placement of convertible debentures that was previously announced on November 9, 2023 (the “Debentures”) for a total of US$1,872,000 (approximately CAD$2,542,000). The Debentures are convertible into common shares in the capital of NXT (the “Common Shares”) at a conversion price of US$0.1808 (approximately CAD$0.25) per Common Share, which provid...
NXT Energy Solutions Provides Update on Turkish SFD® Survey
NXT Energy Solutions Provides Update on Turkish SFD® Survey CALGARY, Alberta, Jan. 03, 2024 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce that its Turkish customer has requested NXT to add additional line kilometers to the original SFD® survey. NXT’s aircraft and equipment remain in Turkiye, to complete the data acquisition phase. Data interpretation and recommendations will be delivered during the first quarter of 2024. Bruce G. Wilcox, Interim CEO of NXT, stated, "We are extremely gratified to have been awarded ad...
NXT Energy Solutions Announces Mobilization of Turkish SFD® Survey
NXT Energy Solutions Announces Mobilization of Turkish SFD® Survey CALGARY, Alberta, Nov. 27, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) today announced the mobilization of its aircraft and equipment to begin the contracted SFD® survey in Turkiye that was announced on September 5, 2023. The contract is an important milestone for NXT in a new SFD® survey area, in a region generating considerable international exploration attention, and with the potential for additional clients that will leverage the ability of NXT’s SFD® technology...
NXT Energy Solutions Announces Third Quarter 2023 Results
NXT Energy Solutions Announces Third Quarter 2023 Results CALGARY, Alberta, Nov. 14, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) today announced the Company's financial and operating results for the three and nine months ended September 30, 2023. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Financial and Operating Highlights Key financial and operational highlights are summarized below: on September 5, 2023. NXT announced that it has executed a contract to provide an SFD® survey to an independent...
MCAPM, LP and Michael P. Mork Acquire Convertible Debenture of NXT Ene...
MCAPM, LP and Michael P. Mork Acquire Convertible Debenture of NXT Energy Solutions Inc. HEALDSBURG, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- MCAPM, LP and Michael P. Mork (together “Mork Capital”) announced today that on November 8, 2023, they subscribed for and received an aggregate principal amount of US$1,000,000 (approximately CAD$1,379,000) of unsecured convertible debentures (the “Debentures”) of NXT Energy Solutions Inc. TSX: SFD; OTCQB: NSFDF) ("NXT") in a non-brokered private placement (with MCAPM, LP acquiring a Debenture with an aggregate principal amount of US$900,000 (CAD$1...
NXT Announces US$2.5 Million Convertible Debenture Offering of Which U...
NXT Announces US$2.5 Million Convertible Debenture Offering of Which US$1.0 Million Is Subscribed by an Insider CALGARY, Alberta, Nov. 09, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce it has received conditional approval from the Toronto Stock Exchange (the “TSX”) to offer a multi-tranche convertible debenture (the "Debenture") under which the subscribers will be able to purchase a principal amount of up to US$2,500,000 (approximately CAD$3,447,500.) The Debentures bear interest at 10.0% per annum, paid quarte...
NXT Energy Solutions Announces SFD Survey Contract
NXT Energy Solutions Announces SFD Survey Contract CALGARY, Alberta, Sept. 05, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce that it has executed a contract to provide an SFD® survey to an independent oil and gas exploration company in Turkiye, which is strategically located at the junction of Eastern Europe, Central Asia and the Middle East. Data acquisition operations for this contract are expected to commence in October 2023, and NXT’s interpretations and recommendations are expected to be delivered during th...
NXT Energy Solutions Announces Second Quarter 2023 Results
NXT Energy Solutions Announces Second Quarter 2023 Results CALGARY, Alberta, Aug. 11, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) today announced the Company's financial and operating results for the three and six months ended June 30, 2023. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Financial and Operating Highlights Key financial and operational highlights are summarized below: On May 24 the Company entered into a ten year strategic alliance in Africa with Synergy E&P Technologies Limi...
NXT Energy Solutions Inc. Announces Results of Annual Meeting of Share...
NXT Energy Solutions Inc. Announces Results of Annual Meeting of Shareholders CALGARY, Alberta, Aug. 03, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTC QB: NSFDF) is pleased to provide the voting results from its Annual Meeting of Shareholders held on August 2, 2023. Shareholders approved the following: Election of Directors: The incumbent six directors of the Company were re-elected to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed.Appointment of Auditors: MNP LLP were appoint...
NXT Provides Updates on the Ataraxia Convertible Debenture and Preferr...
NXT Provides Updates on the Ataraxia Convertible Debenture and Preferred Share Terms CALGARY, Alberta, July 26, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to provide the following updates on the convertible debentures and an amendment to the Preferred Share Terms included as “Schedule C” in its Management Information Circular dated June 30, 2023 (“Schedule C”). As per an agreement between NXT and Ataraxia Capital (“Ataraxia”), both parties have agreed to delete Section 6.2 (Post-Liquidation Participation Right) from Sch...
NXT Receives Payment Towards the Closing of Second Tranche of the US$2...
NXT Receives Payment Towards the Closing of Second Tranche of the US$2.3 Million Convertible Debenture CALGARY, Alberta, July 10, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce it has received an additional US$0.2 million of the previously announced US$2.3 million convertible debenture from Ataraxia Capital, an affiliate of Synergy E&P Technologies Limited (“Ataraxia”). The total amount received to date is US$1.4 million. The terms of the US$1.4 million of the Convertible Debenture received to date include an int...
NXT Energy Solutions Announces Appointment of Interim Chief Executive ...
NXT Energy Solutions Announces Appointment of Interim Chief Executive Officer CALGARY, Alberta, June 21, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce the appointment of Mr. Bruce G. Wilcox as Interim Chief Executive Officer, effective immediately. Mr. Wilcox has been a member of the Company’s board of directors since 2015, and brings extensive capital markets and energy investment experience to NXT’S executive team. Mr. Wilcox holds a Bachelor of Arts (Honors), in Modern Chinese from the University o...
NXT Announces Change of Auditor
NXT Announces Change of Auditor CALGARY, Alberta, May 29, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce the appointment of MNP LLP as its auditor for the year ended December 31, 2023, subject to shareholder approval at the next annual and special meeting of shareholders. MNP LLP is a full-service, accounting and business advisory firm in Canada which is suitable for NXT as the Company embarks on new initiatives with strategic international partners. NXT expresses appreciation to KPMG LLP for their long servic...
NXT Announces Strategic Alliance With Synergy E&P Technologies Limited...
NXT Announces Strategic Alliance With Synergy E&P Technologies Limited and a US$2.3 Million Convertible Debenture Financing by a Synergy Affiliate CALGARY, Alberta, May 24, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce a ten-year strategic alliance and associated financing with Synergy E&P Technologies Limited (“Synergy”) which grants Synergy an exclusive license to use, distribute, sub-license, market and sell NXT’s SFD® solutions in Africa. PE Energy Limited, an affiliate of Synergy, has performed several com...
NXT Energy Solutions Announces First Quarter 2023 Results
NXT Energy Solutions Announces First Quarter 2023 Results CALGARY, Alberta, May 15, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) today announced the Company's financial and operating results for the quarter ended March 31, 2023. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Financial and Operating Highlights Key financial and operational highlights are summarized below: January 25, 2023, the Company closed a Private Placement by issuing 8,510,000 common shares, at $0.195 per common shares, fo...
NXT Energy Solutions Announces 2022 Year-End Results
NXT Energy Solutions Announces 2022 Year-End Results CALGARY, Alberta, March 31, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) today announced the Company's financial and operating results for the quarter and year ended December 31, 2022 as well as significant subsequent events. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Financial and Operating Highlights Key financial and operational highlights are summarized below: January 25, 2023, the Company closed a Private Placement by issuing 8,510,000 c...
NXT Announces Closing of Private Placement and Announces Investor Call
NXT Announces Closing of Private Placement and Announces Investor Call CALGARY, Alberta, Jan. 25, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce the closing of its private placement announced on December 22, 2022 (the “Private Placement’) for total net proceeds of approximately $1,882,195 in connection with the issuance of 9,658,282 common shares for $0.195 per common share. Insiders purchased a total of 9,178,282 common shares for $1,789,765 (95.0%) of the Private Placement. All five directors and the Chief Fina...
NXT Announces Passing of Chairman and CEO George Liszicasz
NXT Announces Passing of Chairman and CEO George Liszicasz CALGARY, Alberta, Jan. 23, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) announces with great sadness that Chief Executive Officer, George Liszicasz, passed away suddenly early yesterday morning. Mr. Liszicasz has been in declining health for several months and his duties were assumed by a committee of the Board (the “Committee”) that was formalized and announced late last week. George was charismatic, passionate and committed to the commercial application of stress field dete...
NXT Announces Executive Management Transitions
NXT Announces Executive Management Transitions CALGARY, Alberta, Jan. 20, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) announces that its Chief Executive Officer, Mr. George Liszicasz, has informed the Board of Directors that he will be taking a medical leave of absence in order to address personal and private health matters. In light of this development, the Board of Directors has formally empowered a committee of the Board to assume the CEO’s duties until further notice. The Committee, which meets three times weekly with NXT manag...
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