Bluenergies Ltd. Announces Share Issuance and Joint Study with TotalEnergies

Bluenergies Ltd. (TSXV: BLU), a Canadian exploration company listed on the TSX Venture Exchange, announced two significant corporate events on 16 January 2026.

Share Issuance for Services and Option Grant

At 13:47 UTC, Bluenergies disclosed that it will issue shares to fund services and to grant options. The announcement was published by Newswire.ca. The specific terms of the share issuance, including the number of shares and the pricing mechanism, were not disclosed in the release.

Joint Study and Application Agreement with TotalEnergies

On 15 and 16 January 2026, multiple sources reported that Bluenergies entered into an industry‑standard Joint Study and Application Agreement (JSAA) with the Liberian upstream subsidiary of TotalEnergies SE (TTE). The partnership focuses on the Harper Basin fan play offshore Liberia, a deep‑water exploration opportunity located along the Liberian coast.

  • The agreement is described as a “joint study and application agreement” (JSAA) and is intended to assess the prospectivity of the Harper Basin fan play.
  • The collaboration is aimed at unlocking deep‑water resources in the Liberian sector.
  • The deal was covered by several outlets, including OilNewsKenya, Equity News, Offshore Energy, and Sharedeals.de.

The partnership aligns Bluenergies’ exploration activities with TotalEnergies’ established presence in the region and may provide access to additional technical and financial resources.

Market Context

  • Stock Symbol: TSXV: BLU
  • Currency: CAD
  • Last Close (14 Jan 2026): 1.50 CAD
  • 52‑Week High (14 Jan 2026): 1.60 CAD
  • 52‑Week Low (7 Aug 2025): 0.42 CAD
  • Market Capitalization: 332,250 CAD
  • Price‑to‑Earnings Ratio: –0.02

These metrics illustrate the company’s current valuation position within the venture exchange. The share issuance may impact the share count and, consequently, the price per share.

Summary

Bluenergies Ltd. has announced a share issuance to fund services and options, and it has entered into a joint study and application agreement with TotalEnergies’ Liberian subsidiary to explore the Harper Basin fan play offshore Liberia. These developments are expected to influence the company’s exploration strategy and shareholder value.