Mr. Francis Letourneau reports

NURAN OBTAINS AUTHORIZATION FOR DRC INFRASTRUCTURE LICENSE

Nuran Wireless Inc. has received authorization from the approval committee for its infrastructure licence to operate telecom sites in the Democratic Republic of the Congo (DRC). The authorization was confirmed through the issuance of the licence fee invoice, which has now been settled.

This milestone marks the culmination of a rigorous process involving extensive analysis and consultation with the DRC authorities. The licence application was originally announced on Nov. 16, 2023, and is similar in nature to the Category 1 licence obtained in Cameroon, announced on Oct. 17, 2023.

The licence award was the final condition for the drawdown of the portion related to DRC of the $5-million (U.S.) loan facility for energy inclusion (FEI), managed by Cygnum Capital. Nuran is currently working with the Cygnum team to complete the final documentation, with drawdown expected within the next seven days. The company will provide an update once the process has been finalized.

About Nuran Wireless Inc.

Nuran Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G and 4G technologies, Nuran Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably.

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