LCM Energy Solution (British Columbia) Inc. (LCMES) entered into a binding letter of intent to acquire ECC Ventures 6 Corp. (TSXV:ECCS.P) for CAD 86.6 million in a reverse merger transaction on July 12, 2023. LCMES entered into a definitive amalgamation agreement to acquire ECC Ventures 6 Corp.

in a reverse merger transaction on November 30, 2023. The Acquisition of LCMES will constitute a reverse takeover and ECC6's Qualifying Transaction under Policy 2.4 of the TSX Venture Exchange. Under the terms of the Acquisition, ECC6 will complete a consolidation of its share capital on a 1.1834409 for 1 basis (the "Consolidation"), and holders of LCMES Shares will be issued an aggregate of 73,400,000 post Consolidation common shares of ECC6, at a deemed price of CAD 1.00 per Consideration Share, in exchange for all LCMES Shares.

Following completion of the Acquisition, it is anticipated that there will be 78,174,214 post Consolidation common shares issued and outstanding in the Resulting Issuer, of which shareholders of LCMES will own 73,400,000 (83.24%) and shareholders of ECC6 will own 4,774,214 (5.41%). It is also anticipated that ECC6 will change its name to LCM Energy Solution Inc. in connection with completion of the Acquisition. On completion of the proposed Acquisition, Resulting issuer's Board of Directors and management team will be reconstituted to include directors and management determined by LCMES, including, Ryan Kim, Seul Chan Lee, Doug McFaul, Gary Anderson and Chang Woo Son.

The Acquisition will be completed through a definitive agreement (the "Definitive Agreement") that is to be negotiated by the parties. Completion of the Acquisition is subject to a number of conditions, including Exchange acceptance, the execution of the Definitive Agreement, majority of the minority shareholder approval and completion of the QT Financing.