Clean Energy Transition Inc. Announces Shareholder Rights Plan and Management Changes

Clean Energy Transition Inc., formerly known as Rogue Resources Inc., has announced the adoption of a shareholder rights plan. The plan, effective October 31, 2024, aims to ensure fair treatment for shareholders during unsolicited take-over bids. It allows the board time to consider potential alternatives without the company currently facing any such bid. Each common share will have a right attached, which becomes exercisable if someone acquires 20% or more of shares without complying with the plan's terms. This plan has received conditional approval from the TSX Venture Exchange and is pending shareholder ratification within six months.

Additionally, the company announced the retirement of Paul Davis, VP Technical and Corporate Secretary, who will transition to a consulting role, focusing on the company's Quartz business. Sean Samson, CEO, acknowledged Davis's significant contributions. Clean Energy Transition Inc. remains committed to exploring opportunities in the energy transition, notably through its Quartz division.