BRI-CHEM CORP.

Garland, Texas--(Newsfile Corp. - June 3, 2025) - Barry Hugghins, the member / manager of Cenatex Holdings, LLC ("Cenatex") a Texas limited liability company, has, on behalf of Cenatex, engaged with Bri-Chem Corp. ("Bri-Chem") and its board of directors and/or management, and with certain investors of Bri-Chem with respect to matters it and/or they consider would improve Bri-Chem's performance and enhance its long-term value, including making recommendations, proposals, or voting decisions, as applicable, concerning changes to Bri-Chem's board of directors and/or management, business, strategies, and strategic alternatives, performance, governance, oversight, capitalization, capital or corporate structure, capital allocation policies, and/or potential acquisitions or sales, and other matters to improve Bri-Chem's performance. Cenatex owns and controls 3,701,040 Common Shares of Bri-Chem, representing 14.0016% of the 26,432,981 issued and outstanding Common Shares, which holdings remain unchanged since the filing of its prior early warning report dated May 12, 2025.» Mehr auf newsfilecorp.com

Edmonton, Alberta--(Newsfile Corp. - May 15, 2025) - Bri-Chem Corp. (TSX: BRY) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is pleased to announce its 2025 first quarter financial results. Three months ended March 31 Change (in '000s except per share amounts) 2025 2024 $ % Financial performance Sales $ 19,909 $ 21,371 $ (1,462 ) (7%) Adjusted EBITDA(1) 465 (443 ) 908 (205%) As a % of revenue 2% -2%     Operating (loss) (23 ) (144 ) 121 (84%) Adjusted net (loss) (1) (618 ) (1,767 ) 1,149 (65%) Net (loss) $ (412 ) $ (1,506 ) $ 1,094 (73%) Per diluted share         Adjusted EBITDA (1) $ 0.02 $ (0.02 ) $ 0.04 (240%) Adjusted net (loss) (1) $ (0.02 ) $ (0.07 ) $ 0.05 (75%) Net (loss) $ (0.02 ) $ (0.06 ) $ 0.04 (71%) Financial position         Total assets $ 54,247 $ 66,224 $ (11,977 ) (18%) Working capital 10,341 14,666 (4,324 ) (29%) Long-term debt 6,493 6,668 (174 ) (3%) Shareholders equity $ 19,041 $ 21,809 $ (2,767 ) (13%) (1) Non-GAAP financial measure.» Mehr auf newsfilecorp.com

Garland, Texas--(Newsfile Corp. - May 12, 2025) - Cenatex Holdings, LLC ("Cenatex"), a Texas limited liability company, purchased an aggregate of 500 common shares (the "Common Shares") in the capital of Bri-Chem Corp. ("Bri-Chem") listed on the Toronto Stock Exchange at an average price of $0.1994 USD per Common Share, for an aggregate cost of $99.70 USD (the "Purchase"). In addition to this purchase, on May 5, Joint Actors Barry Hugghins, Barry Hugghins Individual Retirement Account, and Patricia Hugghins Individual Retirement Account transferred ownership of a total of 1,120,820 of their common shares to Cenatex.» Mehr auf newsfilecorp.com