Green Impact Partners Announces Progress on Its Water and Recycling Facilities Sale; Provides Corporate Update

Calgary, Alberta--(Newsfile Corp. - May 30, 2025) - Green Impact Partners Inc. (TSXV: GIP) ("GIP" or the "Company") announced today an update on the sale of the Company's water, waste treatment and recycling facilities, as well as provides an update on recent corporate activities, including changes to its Board of Directors, and an update on the GreenGas Colorado JV.

Water and Recycling Facilities Sale Update

As previously announced, on May 21, 2025, GIP entered into a definitive agreement for the sale of its water, waste treatment, and recycling facilities located in Alberta and Saskatchewan, for total proceeds of $53.25 million, subject to working capital adjustments. GIP is pleased to report it has received further confirmation from the Purchaser regarding funding and expects to close the transaction on or before June 30, 2025. Completion of the transaction remains subject to the satisfaction or waiver of certain customary closing conditions, including the approval of the TSX Venture Exchange.

"We look forward to closing this transaction by the end of June, allowing us to turn our full focus to advancing the Future Energy Park - a project that will deliver long-term value at a scale far beyond our current business," said Jesse Douglas, CEO of GIP.

Corporate Activities

Effective May 28, 2025, and May 29, 2025, David Spivak, and Natascha Kiernan, Jeff Hunter and Alicia Dubois, respectively, resigned from the Board of Directors of the Company.

Looking ahead, GIP is pleased to welcome two accomplished professionals to its Board of Directors, effective May 30, 2025, bringing with them extensive experience and valuable perspectives as the Company moves into an exciting new chapter.

Ahmed Kassongo joins the Board with over 20 years of leadership in finance, analytics, and investment management across both public and private sectors. He brings a strong track record of working with institutional investors and government bodies on complex financial strategies and data-driven policy.

During his tenure at Alberta Investment Management Corporation (AIMCo), Ahmed played a pivotal role in delivering transparent and actionable financial reporting and investment performance analysis for some of Canada's largest pension and endowment funds. His client-first approach strengthened alignment between investment outcomes and long-term strategic goals. Ahmed has advised the Government of Saskatchewan's Ministry of Energy and Resources on energy-sector policy development, contributing to evidence-based decision-making at the provincial level.