PowerBank Corporation (NASDAQ:PBK) (Cboe CA: PBK) (FSE: 103) ("PowerBank" or the "Company"), a leader in independent energy development and asset ownership in North America, is pleased to announce that on July 21, 2026, the 903 BESS project (the "Project") secured Official Plan Amendment and Zoning Bylaw Amendment approvals, representing a significant regulatory milestone. These approvals conclude the longest and most complex phase of the permitting process, which included extensive public consultation. The project is now progressing through Site Plan Approval with receipt of all permits required to commence construction expected in Q4 2026. This marks PowerBank's second battery energy storage system (BESS) project in Ontario to achieve this permitting milestone.