HTC Purenergy Inc. (TSXV:HTC) announced the spin-off of Delta CleanTech Inc., on December 11, 2020. Pursuant to the terms of the transaction, HTC Purenergy Inc., will its existing energy clean tech business and assets in the form of a new energy clean technology company, namely Delta CleanTech Inc. This will be accomplished by bundling HTC's patented process design IP, as well as its CO2 capture and related solvent IP together under one single entity, whose focused mandate will be on positioning itself as a leading technology provider in the energy clean technology sector. HTC Extraction Systems ' existing shareholders will receive shares in Delta CleanTech Inc., at a ratio yet to be determined; facilitating Delta CleanTech Inc.'

s access to pureplay Environmental Social Governance (" ESG ") clean tech capital both from Europe and North America. HTC intends for Delta CleanTech Inc., to be a reporting issuer in Canada. A public company listing will be pursued contemporaneously with the spinout.

As per disclosure of January 4, 2021, HTC Purenergy Inc.'s Board of Directors has approved the spin off, in principle . The transaction is subject to TSX Venture Exchange approval, and all other regulatory and shareholder requirements being met.