Safe & Green signs non-binding LOI to acquire Rock Springs Energy for ~$35M

OLENOX INDUSTRIES INC.

Non-binding LOI to purchase 100% of Rock Springs Energy Group for estimated $35M, final subject to due diligence.
Acquisition includes a mothballed, incomplete oil refinery in Rock Springs, Wyoming, plus associated assets and permits.
60-day due diligence period; 60-day exclusivity; definitive agreement targeted within 30 days after due diligence completion.
Expected financing through debt and equity; aligns with strategy to build an integrated oil and gas company.
Transaction is non-binding and subject to definitive agreement, regulatory approvals, and closing conditions.

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