NU E Power Corp. Secures Provisional Observer Status at UNCCD COP17, Progressing Mongolia’s Darkhan Energy Park Initiative

NU E Power Corp. Receives Provisional UNCCD COP17 Observer Accreditation

NU E Power Corp. confirmed it has been provisionally accredited as a Business and Industry entity observer to the UNCCD COP17, taking place in Ulaanbaatar, Mongolia, from August 17 to 28, 2026. The UNCCD is the United Nations body focused on combating desertification and land degradation. COP17 is the seventeenth Conference of the Parties, a major international forum involving member governments and accredited observers from civil society, business, and industry.

The company emphasized that this accreditation is provisional and final approval depends on a formal decision by the Parties during COP17. Furthermore, the observer status does not imply endorsement or approval of NUE or its projects by the UNCCD, the United Nations, COP17, or any participating government. These disclaimers are important for investors evaluating the significance of this development.

Linking COP17 Accreditation to the Darkhan Energy Park Project in Mongolia

The provisional observer status is directly connected to NUE’s commercial activities in Mongolia, particularly the Darkhan Energy Park project announced on April 14, 2026. On that date, NUE disclosed a Joint Development Agreement with Tsegtskharaa LLC to advance the project and initiate environmental and feasibility assessments.

As the host country for COP17 and the location of NUE’s key development asset, Mongolia is central to the company’s strategy. NUE views the provisional accreditation as a positive step to deepen engagement with Mongolia and participate in international policy discussions on land use, infrastructure planning, sustainable development, and desertification. The company also anticipates potential involvement in related Business and Industry programs, including Business 4 Land initiatives.

CEO Broderick Gunning Highlights Disciplined, Stage-Gated Development Approach

NU E Power Corp. CEO Broderick Gunning described the provisional observer accreditation as "a constructive development for NUE" as the company advances its Mongolia initiatives through a "disciplined, stage-gated process." He stated that if final accreditation is granted, NUE’s participation at UNCCD would facilitate engagement in broader discussions on land use, infrastructure planning, and sustainable development in Mongolia.

Gunning also noted that the Darkhan Energy Park project remains contingent on multiple factors including feasibility, permitting, financing, grid access, offtake, and other project development conditions. This underscores the early-stage nature of the project and the outstanding material conditions required before advancement.

Early-Stage Nature of the Darkhan Energy Park Project

The announcement reiterates that the Darkhan Energy Park is an early-stage energy infrastructure project in Mongolia, being developed under the JDA with Tsegtskharaa LLC. The project aims to address energy infrastructure constraints in Mongolia, which NUE identifies as a key driver for the opportunity.

Importantly, the project is subject to feasibility studies, permitting, regulatory approvals, financing, grid access, offtake agreements, partner performance, and other development conditions. The company cautions that there is no assurance the Darkhan Energy Park will proceed to construction or commercial operation. No capital cost, capacity targets, or revenue forecasts were disclosed in this announcement.

NU E Power Corp.’s Business Model: Integrated Power and Energy Parks for High-Demand Sectors

NU E Power Corp. describes itself as an energy infrastructure company focused on the origination, development, and advancement of integrated power and energy park opportunities. The company emphasizes strategic site selection, grid access, and disciplined stage-gated development across selected markets.

A significant focus is on markets serving compute-intensive and large industrial electricity demand, positioning NUE to cater to data centers, artificial intelligence operations, and heavy industry sectors driving rising global electricity consumption. However, no specific offtake agreements or anchor tenants for the Darkhan Energy Park or other projects were disclosed.

UNCCD COP17 as a Strategic Policy Platform for NUE’s Mongolia Engagement

The UNCCD is one of the three Rio Conventions alongside the UN Framework Convention on Climate Change and the Convention on Biological Diversity. COP sessions convene member states and accredited observers to review convention implementation, share best practices, and negotiate decisions on land management, desertification, and drought. Hosting COP17 in Ulaanbaatar highlights Mongolia’s significant challenges with desertification and land degradation.

Finalized observer accreditation would enable NUE to attend sessions, engage with national delegations, and participate in side events and Business and Industry programming such as Business 4 Land. NUE views this as an opportunity to connect with policy stakeholders relevant to its land use, infrastructure, and sustainable development projects in Mongolia. The company stresses that observer status does not imply endorsement by any intergovernmental body.

Disclosed Conditions and Risks Related to COP17 Participation

The company’s forward-looking statements highlight key assumptions and risk factors regarding COP17 accreditation. Assumptions include the timing and organization of COP17, the final accreditation decision by the Parties, and NUE’s ability to participate if approved. These underscore that provisional accreditation does not guarantee active conference participation.

Risk disclosures explicitly state that final accreditation may not be granted, provisional accreditation may not yield material benefits, and participation may not advance NUE’s business objectives. The release reiterates that observer status is not an endorsement of NUE or its projects by UNCCD, the United Nations, COP17, or any government. Investors are cautioned that the commercial impact of this development remains uncertain.

Broader Risks Affecting Mongolia-Based Energy Development

Beyond COP17-specific risks, the release outlines broader risks for NUE’s Mongolia operations, including regulatory changes or delays, political and economic instability, foreign exchange fluctuations, environmental and permitting challenges, reliance on key personnel, and dependence on joint venture partner Tsegtskharaa LLC’s performance under the JDA. The company also notes ESG-related financing and offtake risks for coal-fired generation, though the energy mix of Darkhan Energy Park was not specified.

Additional risks include potential failure to secure project positions, unsuccessful de-risking activities, and unavailability of financing, all of which could materially impact actual results versus forward-looking statements. NUE directs investors to its continuous disclosure filings on SEDAR+ at www.sedarplus.ca for comprehensive risk information.

Market Perspective: International Accreditation and Investor Perception for Emerging Energy Developers

For a junior energy infrastructure firm listed on the Canadian Securities Exchange, provisional observer accreditation to a United Nations convention conference can enhance reputation among institutional and retail investors, especially those focused on ESG and international engagement. Participation in multilateral forums is increasingly viewed as a way to build relationships with government stakeholders, development finance institutions, and policy networks in operating jurisdictions.

However, the announcement is measured, using terms like "provisional," "constructive step," and "where appropriate," without forward commitments on outcomes or timelines. The immediate impact on NUE’s share price was unclear. Analysts and investors tracking CSE-listed energy infrastructure companies may see the COP17 accreditation and Darkhan JDA as incremental evidence of NUE’s Mongolia engagement while recognizing the significant conditions remaining before project advancement.

Listing Information and Additional Disclosure

NU E Power Corp. trades on the Canadian Securities Exchange under ticker NUE, on OTC Markets as NUEPF, and on the Frankfurt Stock Exchange as NUE1. The company is headquartered in Calgary, Alberta. Further information, including financial statements and management discussion and analysis, is accessible via SEDAR+ at www.sedarplus.ca.

This release, dated July 15, 2026, represents NUE’s latest public update on its Mongolia activities and UNCCD involvement. No revised timeline for Darkhan Energy Park feasibility completion or updated capital and milestone guidance was provided beyond prior disclosures from the April 2026 JDA announcement.