REG - MyCelx Tech. Corp. MyCelx Tech. Cp-MYXR - New Gulf of Mexico Lease Award with Super Major

Mycelx TechnologiesAnnouncement

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RNS Number : 8685D  MyCelx Technologies Corporation  12 May 2026

The information contained within this Announcement is deemed by MYCELX
Technologies Corporation to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part
of UK domestic law by virtue of the European Union (Withdrawal) Act 2018
("MAR").

 

12 May 2026

 

MYCELX Technologies Corporation

("MYCELX" or the "Company")

 

New Gulf of Mexico Lease Award with Super Major

 

MYCELX Technologies Corporation (AIM: MYX), the clean water and clean air
technology company, is pleased to announce the award of its third offshore
produced water treatment contract in the Gulf of Mexico with a global
integrated oil company.

 

The contract is for the lease of MYCELX proprietary produced water treatment
equipment for offshore operations and includes recurring monthly rental
revenue with expected significant recurring filtration media sales.

 

The lease has commenced and, depending on overall media use in the current
financial year, management expects this contract to contribute approximately
$850K to the Company's FY2026 revenue and ca. $1.5 million on an annual basis.

 

The Board believes this contract further validates MYCELX's refocused strategy
in the U.S. where the Company's opportunities to scale align with customers'
need to meet stringent discharge regulations while improving operational
reliability.

 

The contract underpins the Company's current FY2026 market expectations and
reflects continued commercial momentum in MYCELX's core Produced Water
treatment business.

 

Connie Mixon, CEO, commented:

 

"We are very pleased to expand our relationship with this super major in the
Gulf of Mexico. This award reflects the growing industry recognition of
MYCELX's differentiated produced water treatment technology and our proven
offshore operating track record.

 

Importantly, this contract aligns with our strategy to increase higher-quality
recurring revenue through equipment leases and ongoing media sales, which
provides strong visibility and attractive margins. We continue to see growing
demand for advanced produced water treatment solutions as offshore operators
focus on operational reliability, environmental compliance and lower total
water management costs.

 

The award also provides additional confidence in our FY2026 revenue outlook as
we continue to execute on our commercial growth strategy".

 

 

For further information, please contact:

 

 MYCELX Technologies Corporation

 Connie Mixon, CEO                                                      Tel: +1 888 306 6843

 Kim Slayton, CFO

 Cavendish Capital Markets Limited (Nominated Adviser and Sole Broker)

 Giles Balleny / Callum Davidson / Elysia Bough (Corporate Finance)     Tel: +44 20 7220 0500

 Harriet Ward (Corporate Broking)

 Jasper Berry / Michael Johnson (Sales)

 

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