sur NXT Energy Solutions, Inc. (CVE:SFD)
NXT Energy Secures US$2 Million Investment from Mork Capital
NXT Energy Solutions has received a strategic investment of US$2 million from its largest shareholder, Mork Capital, to advance the application of its Stress Field Detection (SFD®) technology in Western Canada. This investment aims to enhance balance sheet flexibility as the company seeks to leverage its extensive SFD® data library.
The company will use the proceeds to accelerate the integration of SFD® data while maintaining its core business model as a technology and service provider. With more than 50,000 line-kilometers of data in Canada's sedimentary basin, NXT views this investment as an opportunity to unlock shareholder value.
Eugene Woychyshyn has been appointed as President and CFO, succeeding Bruce G. Wilcox, who recommended this strategic move. Mork Capital now holds approximately 32.3% of the company's shares.
R. E.
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