Invert Announces a $5 Million Convertible Note Financing by Key Strategic Investor Altius Minerals

Funds from Altius will be used by Invert to execute on existing pipeline of carbon credit producing projects

OTTAWA, Ontario–(BUSINESS WIRE)–Invert Inc. (“Invert”), a specialized emissions reduction and offsetting company, and Altius Minerals Corporation (Altius) (TSX:ALS) (OTCQX: ATUSF), are pleased to announce the closing of a US $5 million convertible note financing. The investment by Altius will be used by Invert to accelerate its pipeline of strategic carbon credit investments.

The convertible note is the second strategic investment made by Altius. In Dec. 2021, Altius completed an equity placement into Invert which allowed the Company to make meaningful progress in developing its B2B, consumer facing, and streaming capabilities.

“With an active pipeline of projects to invest in, Invert plans to rapidly deploy this funding in order to lock up a number of major investment opportunities,” said Invert Chairman Mark Zekulin. “Altius continues to be a terrific partner as we seek to leverage their knowledge gained in minerals and renewables streaming into carbon credit markets, and we are thankful for this further vote of confidence in our business model.”

“Carbon emissions reduction and sequestration projects resulting in carbon credits is a natural extension of the sustainability themes that anchor our royalty business,” said Brian Dalton, CEO, Altius Minerals. “We believe the team at Invert has the capacity to excel in this emerging market and are making this investment while strengthening our partnership.”

The convertible note has a term of 12 months and will convert into common shares upon a listing event within the limits of the relevant exchange. The note bears an interest of 7% per annum.

Invert is focused on identifying, reviewing and funding carbon credit projects that produce high quality, meaningful carbon reduction and removal credits. A core part of Invert’s vision is to make access to these carbon projects available to individuals. Well-vetted, independently verified carbon credits are an essential tool (along with inverting the way businesses and individuals behave) in the fight to remove carbon from our atmosphere. By investing in a well-balanced portfolio of carbon reduction and removal projects, Invert believes that it can make a meaningful difference in the fight against climate change, while delivering a strong return for its investors.

About Invert

Invert invests in carbon credit projects that produce high quality, meaningful carbon reduction and removal credits that we believe will help save our world. We believe in making access to carbon reduction and removal projects available to individuals and businesses both big and small.

We are an ambitious group of experts, entrepreneurs, scientists and engineers who have come together with a common purpose: to give individuals and businesses the tools, information, and insight they need to make a meaningful impact on climate change.

We believe that a group of likeminded people working towards a shared goal can dramatically alter the course of the future. That’s what we’re doing, and that’s why we’ve built this Company. Learn more about Invert by visiting http://join.invert.world .

Forward Looking Statement

This news release includes forward-looking statements within the meaning of applicable securities laws, including statements about expected shareholder returns experienced by clients of Invert and the occurrence of a listing event. By their nature, forward-looking statements require Invert to make assumptions and predictions and are subject to inherent risks and uncertainties and other factors (many of which are beyond Invert’s control) which give rise to the possibility that actual results or events could differ materially from Invert’s expectations expressed in or implied by such forward-looking statements. As a result, readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and Invert disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Contacts

Jordan Sinclair

[email protected]
613-769-4196