Through its relationship with BlueFlare Energy Solutions Inc. ("BlueFlare"), the Company is prepared to contract capacity under either of two structures: powered land or colocation. The discussions are progressing; however, there can be no assurance that any definitive agreement will be entered into, or as to the terms of any such agreement.

Commercial Structures

Under either structure, the client would supply and own its compute hardware. Neither the Company nor BlueFlare would supply, lease or resell graphics processing units or other information-technology equipment.

Powered land. A client that provides its own modular data halls would contract for a prepared, behind-the-meter site, including generation, power distribution, site access, security and the supporting infrastructure required to deliver, commission and energize the client’s halls. Powered land at Brooks Campus #1 is expected to be available in early first quarter 2027.
Colocation. A client that does not elect to provide its own halls would contract for power, cooling and white space in data-hall capacity developed by BlueFlare, sized to the client’s requirements within the site’s permitted envelope.

 

Brooks Campus #1

Brooks Campus #1 is located approximately 3.6 kilometers northeast of the Hamlet of Tilley. Generation is planned adjacent to existing natural gas infrastructure, which the Company expects will allow the site to be developed without a new grid interconnection and the associated transmission queue. Consistent with the Company’s approach to its Alberta program, the campus is designed as a small-scale facility intended to be compatible with its host community. BlueFlare has indicated that it intends to prioritize local hiring in connection with construction and operations.

99 MW Program

Brooks Campus #1 is the first site in the Company’s previously announced 99 megawatt behind-the-meter power and compute program. The program comprises ten 9.9 megawatt generation and data-hall sites, grouped into campuses in the Brooks, Coronation, Fox Creek and Vulcan areas of Alberta. The Company continues to advance permitting across the program. Each campus is intended to be powered and configured for its offtake client, with permitting, energization and design aligned to that client’s delivery schedule. The Company is accepting expressions of interest for capacity across the program, including Brooks Campus #1. The Company’s stated objective is to contract capacity on long-term terms before committing construction capital to an individual site.