September 15, 2022

Invert Inc. Closes $25 Million Financing and Provides Corporate Update

INVERT INC. CLOSES $25 MILLION FINANCINGAND PROVIDES CORPORATE UPDATE

 

OTTAWA – September 15,2022 – Invert Inc. ("Invert" or“the Company"), a specialized carbon finance company and the futureof personalized carbon offsetting, is pleased to provide a corporate update onongoing projects and developments.

 

Highlights

·        Completed $25 Million CAD Equity Financing

·        Expanded Portfolio of High-Quality Carbon Credits

·        Successfully launched the Invert App available onApple and Android

·        Head of Carbon Forestry co-authors biochar carboncredit methodology

·        Invert Executive Chair to be feature speaker atElevate Festival

 

“In thelast several months, Invert has accomplished many significant milestones as wecontinue to build on our vision to help individuals and businesses contributeto our common goal of addressing climate change,” said Mark Zekulin,Executive Chairman, Invert Inc. “We’re thrilled to have launched the Invert Appin Canada this week and completed our $25 million financing in August. We'vealready begun putting this capital to work with recent investments in Aperamand BC Biocarbon – two developers we’re proud to support.”

 

Equity Financing Complete

Invert closed a $25 million CAD financing in August, welcoming newinstitutional and HNW investors alongside continued support from lead strategicinvestor Altius Minerals (TSX: ALS). The equity financing provides the Company withsignificant capital to expand its carbon credit streaming portfolio as well ascontinued development of the recently launched Invert App.

 

New Carbon Credit Portfolio Investments

The Company recently announced purchase and streaming agreements with Aperam Steel and BC Biocarbon for high-qualitycarbon removal credits (“CORCS”) derived from biochar. Aperam is Brazil’slargest steelmaker and a world leader in environmental sustainability. Invertalso entered a multi-year streaming agreement with BC Biocarbon to supply high-qualityverified CORCS. Both of these projects are available on the Invert App.

 

Invert Head of Carbon Forestry Contributes to newVerra Biochar Methodology

The Company is pleased to congratulate Matt Delaney, Invert’s Head ofCarbon Forestry for his contribution to developing the recently published Verra BiocharMethodology.  The methodology, published byVerra’s Verified Carbon Standard Program, paves the way for new nature-basedapproaches to carbon removal, specifically biochar utilization in soil andother applications.

 

Invert App: Empowering Personal Climate Journeys

This week, the Company officially launched the Invert App - a mobile experiencethat will change the way individuals contribute to the fight against climatechange. The user-friendly Invert App is simple to download and available onboth the Apple and Android App Stores. The app allows each user to measure and reducetheir carbon footprint while contributing to sustainable carbon projects that reduceand remove greenhouse gases from the atmosphere - all from the convenience oftheir mobile phone.

 

Invert to Present at the Elevate Arts and TechFestival

Invert Inc’s Executive Chair, Mark Zekulin, will be a feature speakerpresenting at the 2022 Elevate Arts andTechnology Festival in Toronto on September 22nd, which is expected to host over 30,000attendees this year.

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CaitlinO’Hara

Head of CorporateCommunications

caitlin.ohara@invert.world

1-613-621-9638

 

AboutInvert

Invertoperates at the core of the carbon reduction and removal ecosystem, fromfinancing the removal of carbon from our atmosphere via high-quality carbonoffset projects to empowering businesses and individuals on their emissionsreduction journeys.

Invertinvests in carbon credit projects that produce high-quality, meaningful carbonreduction and removal credits that will help save our world. By selling thesecredits to individuals or businesses, the Company generates revenue that can bereinvested towards further projects that reduce or remove CO2 from the atmosphere.In addition, Invert works directly with businesses to help them understand andreduce their carbon footprint.

 

Invert isalso creating a place where individuals can go to learn about what they can dothemselves to address the pressing issue of climate change. The Company helpsindividuals understand their own impact on the world and gives them a chance tosupport projects that reduce greenhouse gas emissions. The goal is for everyindividual to be carbon neutral, and Invert will help get people there in anengaging manner with rich content and community. Please visit our website formore information: invert.world.

 

Forward-LookingStatements

This newsrelease may contain forward-looking statements. Forward-looking statementscontained in this news release include, but are not limited to, the intentionsof the Corporation to pursue the Invert Neutral App indefinitely.Forward-looking statements involve known and unknown risks, uncertainties andother factors which may cause the actual results, performance or achievementsof Invert to be materially different from any future results, performance orachievements expressed or implied by the forward-looking statements. Factorsthat could affect the outcome include, among others: volatility in prices ofcarbon credits and demand for carbon credit; expectations regarding carbon markettrends, overall carbon market growth rates and prices for carbon credits;inability to raise the money necessary to execute its business plan andstrategies; the Corporation's business plans and strategies, includingacquiring carbon credits, streams and interests in carbon credit projects orentities involved in carbon credits or related businesses; the political,social and economic conditions in each jurisdiction in which the Corporationholds an investment; terrorism, insurrection or war; or delays in obtaininggovernmental approvals. Although Invert has attempted to identify importantfactors that could cause actual actions, events or results to differ materiallyfrom those described in forward-looking statements, there may be other factorsthat cause actions, events or results to differ from those anticipated,estimated or intended. Forward-looking statements contained herein are made asof the date of this news release and Invert disclaims any obligation to updateany forward-looking statements, whether as a result of new information, futureevents or results or otherwise, except as required by applicable securitieslaws.