iMining Technologies Inc. (TSXV:IMIN) entered into a Letter of Intent to acquire Power Plants with Total Power Generation Capacity of 90MW on January 18, 2023. The value of the Acquisition is subject to third party valuation and will be finalized pursuant to the execution of a final definitive agreement, following the due diligence period. The final structure of the Acquisition is subject to receipt of tax, corporate and securities law advice and to regulatory approval.

The Company will announce financing plans around these projects prior to completion of the acquisition.