Astra Energy Inc. provides shareholders with up-to-date information regarding

SAN DIEGO, Calif., June 11, 2024 (GLOBE NEWSWIRE) — – The separation process is ongoing and the final plan is expected to be completed by June 30, 2024

– The founder of Regreen will return 10 million shares to the Astra state treasury

This follows a recent news article: Astra Energy Inc. enters into a significant definitive agreement for power generation in the digital coin mining and data center markets

Astra Energy Inc.(OTCQB: ASRE) (“Astra” or the “Company”) would like to provide shareholders with updated information on the separation of Regreen Technologies Inc. (“Regreen”).

On September 6, 2023, Astra announced that it would begin the process of spinning off its Regreen subsidiary into an existing entity on a US stock exchange or listing it on a US stock exchange with an accompanying initial public offering.

On March 8, 2024, Astra announced the closing of a joint venture transaction with Powertron Global LLC (“Powertron”) that will transfer its Regreen waste-to-energy technology to a new joint venture company. The parties intend to build an energy company from the waste-to-energy industry, which will own and operate projects as an independent energy producer. The company would sell this energy to customers while providing them with waste-to-energy solutions under long-term contracts.

In exchange for transferring the technology to the new joint venture, Powertron paid Astra $1 million in cash, agreed to pay an additional $4 million in 180 days and deliver a 40% stake in the new public company listed on a U.S. stock exchange. The plan to close the listing will be presented by June 30, 2024. Astra plans to distribute these shares to existing shareholders at the closing of the listing.

On April 11, 2024, Astra entered into a share buyout agreement with Albert Mardikian, under which 10,000,000 Astra shares issued to him on the basis of specified deliveries will be returned to the state treasury in exchange for Astra transferring 92% of shares in Regreen’s capital to Regreen his company. . The main terms of the transaction are that he will share part of the proceeds from the Astra-Powertron joint venture, all debts and obligations in Regreen as a private company will be his responsibility, and any potential disputes between the parties will be settled.

While both transactions have conditions and have not been fully completed, we hope this answers recent inquiries regarding both related transactions. Our goal is to generate maximum value and act in the best interests of Astra shareholders. Appropriate reports will be submitted after closing.

Contact info:

$ASRE Corporate Communications:

[email protected] | +1 (800) 705-2919

More information about Astra Energy Inc. can be found on the Company’s website at www.astraenergyinc.com.

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About Astra Energy Inc.

Astra Energy Inc. is an integrated solutions provider investing in and developing renewable and clean energy projects in markets where demand is high, supply is limited and there is an opportunity to meet other immediate market needs. Astra’s corporate strategy is based on securing technology and assets; identifying real market opportunities; and combining resources, expertise, technology and defined action plans to deliver first-class projects that benefit communities, local economies, the planet and the Company’s investors.

Its goal is to create a more secure and sustainable energy sector that supports the Company’s purpose, mission and values ​​to transform the economic, environmental and social landscape for future generations.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This document contains forward-looking statements. In evaluating these forward-looking statements, readers should consider various factors, including the Company’s ability to change direction, its ability to keep pace with new technologies and changing market needs, and the competitive environment in its operations. These and other factors could cause the Company’s actual results to differ materially from any forward-looking statements.