NXT ENERGY SLTNS INC ORD - NSFDF STOCK NEWS

NXT Energy Solutions Inc. (NSFDF) announced a rights offering for its shareholders, set to expire on November 30, 2022. Shareholders of record on November 7, 2022 will receive one right per common share held, with the ability to purchase one additional common share for every 2.95 rights at a price of $0.18. The offering aims to raise approximately $4.0 million for general administrative costs and business development. The rights will be tradable on the TSX before the expiry, with no minimum commitment required from investors.

NXT Energy Solutions Inc. reported financial results for Q2 2022, showing a net loss of CAD 1.77 million, with SFD®-related revenues of nil. Cash and short-term investments totaled CAD 1.12 million as of June 30, 2022. Year-to-date losses reached CAD 3.62 million. General and administrative expenses surged by 53% compared to Q2 2021. The company is focusing on hydrocarbon and geothermal business development, aiming for contracts in international markets. The CEO expressed confidence in future success due to increased survey opportunities.

NXT Energy Solutions Inc. will present at the Sidoti August Micro-Cap Virtual Conference on August 17, 2022, at 12:15 pm EDT. CEO George Liszicasz and CFO Eugene Woychyshyn will lead the presentation aimed at a virtual audience. Interested parties can access the presentation, which will be available a day prior, via NXT's official website. The Company also invites investors for one-on-one meetings during the conference. NXT's proprietary SFD® survey system enhances hydrocarbon and geothermal exploration while reducing costs and environmental impacts.

NXT Energy Solutions Inc. announced the results of its Annual Meeting of Shareholders held on June 6, 2022. Shareholders re-elected the incumbent board of directors and approved key plans, including the Stock Option Plan and Deferred Share Unit Plan, both extended for three years. KPMG LLP was reappointed as auditors for the next year. Voting results revealed that the directors received a majority of support, with George Liszicasz receiving 95.94% of votes in favor. NXT's SFD® survey system continues to be central to its operations, focusing on hydrocarbon and geothermal exploration.

On May 26, 2022, Mr. John Tilson acquired 210,000 common shares of NXT Energy Solutions, valued at US$119,700. Following this transaction, he holds 6,536,208 common shares, which represent approximately 10.00% of the total shares outstanding. Mr. Tilson may adjust his holdings based on market conditions. The company trades on the Toronto Stock Exchange under the symbol 'SFD'. An early warning report regarding this acquisition will be filed with the relevant securities commissions.

NXT Energy Solutions Inc. (NSFDF) reported its Q1 2022 financial results, showcasing a net loss of $1.84 million, attributed to stock-based compensation and amortization expenses totaling $0.50 million. The company had cash and short-term investments totaling $1.87 million and expects to receive significant accounts receivable payments in May 2022. Despite recording no revenue from its SFD® services, NXT highlighted ongoing business development in geothermal and hydrocarbon sectors, with positive advancements in its research and patent portfolio, now extended to 46 countries.

NXT Energy Solutions Inc. will release its Q1 2022 financial results on May 12, 2022, after market close. A conference call is scheduled for May 16, 2022, at 4:30 p.m. Eastern Time to discuss these results. The financial details will be publicly available on SEDAR and EDGAR, as well as on NXT's website. NXT utilizes its proprietary SFD® survey system to efficiently identify hydrocarbon and geothermal exploration sites, offering a reliable solution that minimizes risks and costs for clients.

NXT Energy Solutions Inc. (NSFDF) reported its financial results for the year ending December 31, 2021. The company generated $3.13 million in SFD® related revenue, a significant increase from $136,566 in 2020. Despite this growth, NXT faced a net loss of $3.12 million for the year, including substantial amortization and stock-based compensation expenses. Cash and short-term investments totaled $2.81 million as of year-end. Notably, NXT's patent application in India was granted, and it holds patents in 46 countries now. CEO George Liszicasz expressed confidence in future opportunities with National Oil Companies.

NXT Energy Solutions Inc. (NSFDF) announced it will release its 2021 financial and operating results after market close on March 31, 2022. A conference call to discuss these results is scheduled for April 4, 2022, at 4:30 p.m. ET. The report will be filed on SEDAR and available on the USA EDGAR system. NXT’s proprietary SFD® survey system enables efficient hydrocarbon and geothermal exploration, offering clients significant time and cost savings in risk assessment.