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Title: East African Power Corporation and CVMR Corporation Sign an agreement

Canada, 17th Jun 2026 — In a joint communique, East AfricanPower Corporation ("EAPC") and CVMR Corporation of Canada (CVMR) announced today the signing of an agreement (“Agreement”) establishing a long-term framework for the development, financing, construction and operation of up to 500 megawatts (MW) of solar photovoltaic generation and co-located battery energy storage systems (“BESS”) to serve CVMR s mining, refining and downstream processing operations across its expanding global portfolio.The framework agreement is structured as an evergreen master arrangement under which EAPC will originate, develop and deliver project-specific Power Purchase Agreements (“PPAs”), captive generation assets, and hybrid solar-plus-storage microgrids at CVMR operating sites, refining hubs and joint-venture concessions. Initial deployments are expected to be prioritized at CVMR’s African operations — including its activities in the Central African Republic and the recently established CVMR (R.D. Congo) S.A.R.L. joint venture with BITEC — followed by sites under evaluation in the Middle East, Southeast Asia and the Balkans.CVMR’s proprietary Vapour Metallurgy refining processes produce ultra-high-purity metal powders, nano-powders, pellets and near-net-shape components in a closed-loop system that is environmentally neutral. Pairing that refining platform with firm, dispatchable renewable energy is intended to extend the same environmental neutrality across the full value chain — from mine face to refined product — and to materially reduce the levelized cost of energy at remote and grid-constrained sites where CVMR increasingly operates."Critical minerals processed with Eco friendly power source— that is the proposition,” said Kamran M. Khozan, Chairman and CEO of CVMR Corporation...

This press release is issued by King Newswire