AUS
NZ
UK
CA
USA
IND
Highlights
- NXT Energy secures a USD 2 million strategic investment from Mork Capital.
- Funding supports advancement of SFD® technology adoption across Western Canada.
- The company engages Baycrest Energy to evaluate strategic pathways for data utilization.
- Eugene Woychyshyn appointed President & CFO to help lead the new initiative.
- Mork Capital increases its ownership to approximately 32.3% of NXT Energy.
NXT Energy Solutions Inc. (TSX:SFD) has received a USD 2 million strategic investment from MCAPM LP, operating as Mork Capital, through a private placement of common shares. The investment is aimed at advancing the application of NXT’s proprietary Stress Field Detection (SFD®) technology across select regions in Western Canada.
The proceeds enhance the company’s balance sheet flexibility and support efforts to broaden the usage of its extensive SFD® data library. This library contains more than 50,000 line-kilometers of airborne geophysical data within the Western Canadian sedimentary basin. The company intends to leverage this data to unlock shareholder value while maintaining its core positioning as a technology and service provider.
Strategic Review and Leadership Expansion
To support this initiative, NXT has engaged Baycrest Energy Ltd. to assist in evaluating strategic pathways around the expanded use of its SFD® technology and data assets. The board of directors believes this effort could create meaningful value by enabling new applications and partnerships.
In parallel, CEO Bruce G. Wilcox has recommended the appointment of Eugene Woychyshyn as President & Chief Financial Officer, effective immediately. Woychyshyn, who has served as CFO since 2018, adds expanded operational and capital markets leadership experience to the company’s executive team, aligning management capabilities with the company's evolving strategic needs.
Investment Terms and Mork Capital’s Increased Ownership
Mork Capital acquired 7,050,500 common shares of NXT at CADd 0.40 per share, representing total gross proceeds of approximately USd 2 million. Following the transaction, Mork Capital now holds approximately 32.3% of NXT’s outstanding common shares.
Conclusion
NXT Energy’s strategic investment from Mork Capital marks a significant step in expanding the application and value extraction of its SFD® technology across Western Canada. With enhanced financial flexibility, a clear strategic review underway, and strengthened leadership, the company is positioning itself to advance its technology’s commercial potential and pursue new opportunities within the broader energy and exploration landscape.
Shares of SFD last traded at CAD 0.34 on November 21, 2025.
