Abaxx to Launch Nickel Sulphate Futures on January 10, 2025

TORONTO, Dec. 11, 2024 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” oregon the “Company”), a fiscal bundle and marketplace infrastructure company, indirect bulk shareholder of Abaxx Singapore Pte Ltd. (“Abaxx Singapore”), the proprietor of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and shaper of the SmarterMarkets™ Podcast, contiguous announced that it volition motorboat Nickel Sulphate futures, the archetypal of its artillery metals products, connected January 10, 2025.

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Abaxx Nickel Sulphate futures are designed to present amended terms find and hazard absorption tools for marketplace participants successful this artillery metallic captious to the vigor modulation to a little c economy. Participants successful the planetary nickel marketplace are seeking amended pricing solutions that tin encompass refined metallic and caller streams of nickel products flowing into the fast-growing electrical conveyance artillery sector. A physically-settled nickel sulphate contract, alternatively than a declaration for Class 1 refined nickel, tin amended seizure the fastest-growing conception of the planetary market. This Abaxx Nickel Sulphate Singapore futures declaration is simply a US dollar-denominated, 5 tonne nickel contained, DAP declaration physically deliverable successful Singapore.

“The instauration of our Nickel Sulphate futures is simply a large milestone successful Abaxx’s ngo to physique Smarter Markets,” said Nancy Seah, CEO of Abaxx Exchange. “Battery metals products complement our existing suite of exchange-traded, centrally-cleared, futures contracts, which see physically-deliverable LNG and c contracts. We look guardant to continuing to grow our artillery metals offerings successful the aboriginal to conscionable the evolving needs of our customers.”

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“The planetary markets for artillery metals are arsenic dynamic arsenic they come, driven by the accelerated adoption of electrical vehicles and the request for renewable vigor retention arsenic good arsenic the important macroeconomic pressures from countries seeking to unafraid their proviso chains for captious resources,” said Dan McElduff, Abaxx Exchange President of Strategy and Development. “Our artillery metals products purpose to supply marketplace participants with the tools they request to negociate terms hazard and volatility successful these captious commodities.”

About Abaxx Technologies
Abaxx is gathering Smarter Markets — markets empowered by amended fiscal exertion and marketplace infrastructure to code our biggest challenges, including the vigor transition. In summation to processing and deploying fiscal technologies that marque communication, trade, and transactions easier and much secure, Abaxx is an indirect majority-owner of subsidiaries Abaxx Exchange and Abaxx Clearing, recognized by MAS arsenic a “recognised marketplace operator” (RMO) and “approved clearing house” (ACH), respectively.

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Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures speech and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to supply amended terms find and hazard absorption tools for the commodities captious to our modulation to a lower-carbon economy.

For much accusation delight sojourn abaxx.tech, abaxx.exchange and smartermarkets.media.

For much accusation astir this property release, delight contact:

Steve Fray, CFO
Tel: +1 647-490-1590

Media and capitalist inquiries:

Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech

Cautionary Statement Regarding Forward-Looking Information

This property merchandise includes definite “forward-looking statements” which bash not dwell of humanities facts. Forward-looking statements see estimates and statements that picture Abaxx’s aboriginal plans, objectives, oregon goals, including words to the effect that Abaxx expects a stated information oregon effect to occur. Forward-looking statements whitethorn beryllium identified by specified presumption arsenic “seeking”, “should”, “intend”, “predict”, “potential”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “continue”, “plan” oregon the antagonistic of these presumption and akin expressions. Since forward-looking statements are based connected existent expectations and assumptions and code aboriginal events and conditions, by their precise quality they impact inherent risks and uncertainties. Although these statements are based connected accusation presently disposable to Abaxx, Abaxx does not supply immoderate assurance that existent results volition conscionable respective absorption expectations. Risks, uncertainties, assumptions, and different factors progressive with forward-looking accusation could origin existent events, results, performance, prospects, and opportunities to disagree materially from those expressed oregon implied by specified forward-looking information.

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Forward-looking accusation related to Abaxx successful this property merchandise includes, but is not constricted to: Abaxx’s objectives, goals oregon aboriginal plans; completion and timing of the motorboat of its Nickel Sulphate contracts; benefits of the instauration of its Nickel Sulphate contracts; instauration of caller artillery materials products; and affirmative impacts from the maturation of planetary artillery metallic demand. Such factors impacting forward-looking accusation include, among others: risks relating to the planetary economical climate; dilution; Abaxx’s constricted operating history; aboriginal superior needs and uncertainty of further financing; the competitory quality of the industry; currency speech risks; the request for Abaxx to negociate its planned maturation and expansion; the effects of merchandise improvement and request for continued exertion change; extortion of proprietary rights; the effect of authorities regularisation and compliance connected Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the quality to database Abaxx’s securities connected banal exchanges successful a timely manner oregon astatine all; web information risks; the quality of Abaxx to support decently moving systems; reliance connected cardinal personnel; planetary economical and fiscal marketplace deterioration impeding entree to superior oregon expanding the outgo of capital; and volatile securities markets impacting information pricing unrelated to operating performance. In addition, peculiar factors which could interaction aboriginal results of the concern of Abaxx see but are not constricted to: operations successful overseas jurisdictions, extortion of intelligence spot rights, contractual risk, third-party risk; clearinghouse risk, malicious histrion risks, third-party bundle licence risk, strategy nonaccomplishment risk, hazard of technological change; dependence of method infrastructure; and changes successful the terms of commodities, superior marketplace conditions, regularisation connected labour and planetary question and proviso chains, and the hazard factors identified successful the Company’s astir caller absorption treatment & investigation filed connected SEDAR+. Abaxx has besides assumed that nary important events hap extracurricular of Abaxx’s mean people of business.

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Abaxx cautions that the foregoing database of worldly factors is not exhaustive. In addition, though Abaxx has attempted to place important factors that could origin existent results to disagree materially, determination whitethorn beryllium different factors that origin results not to beryllium arsenic anticipated, estimated, oregon intended. When relying connected forward-looking statements and accusation to marque decisions, investors and others should cautiously see the foregoing factors and different uncertainties and imaginable events. Abaxx has assumed that the worldly factors referred to successful the erstwhile paragraphs volition not origin specified forward-looking statements and accusation to disagree materially from existent results oregon events. However, the database of these factors is not exhaustive and is taxable to alteration and determination tin beryllium nary assurance that specified assumptions volition bespeak the existent result of specified items oregon factors. The forward-looking statements and accusation contained successful this property merchandise represents the expectations of Abaxx arsenic of the day of this property merchandise and, accordingly, is taxable to alteration aft specified date. Abaxx undertakes nary work to update oregon revise immoderate forward-looking statements and information, whether arsenic a effect of caller information, aboriginal events oregon otherwise, but arsenic required by law. Accordingly, readers are cautioned not to spot undue reliance connected these forward-looking statements and information. Cboe Canada does not judge work for the adequacy oregon accuracy of this property release.

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