NuRAN funds, builds, manages and owns rural mobile network sites in rural areas. All of these sites run on solar power. Mobile phone companies hire NuRAN to reach small towns and villages that are hard and costly to serve.

The Nasdaq listing puts NuRAN in front of more U.S. investors. The new West Africa project puts more NuRAN towers in the ground. Both happened on the same day.

Key Points

NuRAN common shares now trade on The Nasdaq Capital Market under the symbol "NUR", in addition to the CSE and Frankfurt.

NuRAN has kicked off a new three-year rural mobile network US$ 5M project in West Africa.

The customer is a state-owned mobile network operator.

The project is planned to include more than 200 rural sites using 2G and 4G service.

NuRAN has more than 5,000 sites under contract across eight countries with Orange and MTN, two of Africa's largest mobile network operators.

NuRAN has installed its first 2G/4G towers in Ivory Coast and Benin and has started a 3G/4G rollout in Cameroon.

Why This Matters

About 850 million people in Africa are still offline or without mobile internet.

Rural coverage is hard to build. The land is tough. Power is often scarce. Costs are high. Many mobile operators cannot make the numbers work on their own.

That is where NuRAN comes in. NuRAN uses a Network-as-a-Service model. In plain words: the mobile phone company does not pay to build the whole network itself. NuRAN builds it, runs it, and keeps it working. The mobile company pays for the service over time.

The West Africa kickoff shows this model at work with a government-owned operator. The Company views the site count and the three-year term as the meaningful part of this award, and as a possible step toward further work in the region. That is a belief and a plan, not a promise.

What Happens Next

NuRAN plans to build out the West Africa sites over the next three years as part of its strategic growth plan.

NuRAN plans to keep installing towers in Cameroon, Democratic Republic of The Congo, Ivory Coast, Benin, Madagascar and Ghana.

NuRAN plans to continue its 3G/4G rollout across its various operations to support the growing demand on data consumption.

These plans are forward-looking. Timing, scale, and cost can change. Please read the caution below.

Market Opportunity Summary

Africa represents one of the world's largest connectivity opportunities, with approximately 850 million people still offline or unconnected to mobile internet. NuRAN addresses this gap through low-cost, solar-powered rural mobile infrastructure that helps mobile network operators reach communities beyond the limits of conventional deployment.

NuRAN is uniquely positioned to help transform rural communities by enabling their inhabitants to become more connected, productive and economically active participants in their national economies. Our role extends beyond providing mobile connectivity and expanding the coverage footprint of mobile network operators. Each NuRAN site represents a long-term infrastructure asset located at the heart of a rural community-creating a platform from which additional technologies, digital services and economic opportunities can be introduced.

Connectivity remains our foundation. By connecting people, we broaden their access to information, markets, education, financial services and opportunities beyond the boundaries of their communities. But our ambition goes further: to evolve from being primarily a rural telecommunications infrastructure provider into a technology enabler for rural communities.

An important part of this evolution is the introduction of AI at the network edge and RAN AI. By bringing computing and intelligence closer to the communities we serve, NuRAN sites can evolve from passive connectivity infrastructure into intelligent edge platforms. Artificial Intelligence ("AI") helps optimise network performance, energy consumption and operational efficiency, while edge computing can enable locally delivered applications and services without requiring all data and processing to traverse expensive or capacity-constrained backhaul networks.

Over time, this distributed infrastructure will also support community-focused AI and digital applications in areas such as agriculture, education, healthcare, financial inclusion, environmental monitoring and government services. The combination of connectivity, local computing and AI creates the foundation for services specifically adapted to the needs and realities of rural communities.

Our physical presence within these communities gives NuRAN a unique understanding of their needs and challenges. This allows us to develop and deploy locally relevant solutions that build upon infrastructure already in place.

In this way, a NuRAN site becomes more than a telecommunications site: it becomes an intelligent platform for connectivity, computing, AI and economic development-helping rural communities participate more fully in the digital and national economy.