Maritime Launch Services and Reaction Dynamics have signed a pathfinder launch agreement, marking a major step forward in securing Canada's sovereign access to space. As part of the agreement, Reaction Dynamics will make a strategic investment in Maritime Launch.

HALIFAX, NS , Aug. 12, 2025 /PRNewswire/ - Maritime Launch Services Inc. (Cboe CA: MAXQ) (OTCQB: MAXQF) is pleased to announce the completion of agreements with Reaction Dynamics Lab Inc. (RDX), a Montreal-based rocket company. The agreements are expected to have a combined value of approximately $1.7 million. The deal marks a major milestone for Canada, paving the way for the first-ever orbital launch of a Canadian-designed and built rocket from Canadian soil at Spaceport Nova Scotia.

The transaction has two parts: an equity investment by Reaction Dynamics in Maritime Launch and a Pathfinder Launch Agreement for Reaction Dynamics to launch from Spaceport Nova Scotia.

Reaction Dynamics equity investment in Maritime Launch

Reaction Dynamics has subscribed to invest $1,025,952 in common shares of Maritime Launch Services by way of a private placement in twelve instalments of $85,496 each, with the first instalment made at the time of signing, followed by eleven quarterly instalments beginning September 30, 2025. The pricing of the first instalment is at $0.05 per share, and the pricing of subsequent instalments will be based upon the weighted average price of MLS shares at the time of each subsequent instalment, with the minimum price being $0.05 unless Maritime Launch otherwise issues shares at a lower price.

Pathfinder Launch Agreement

"This is more than an investment or commercial launch agreement — it affirms that Canada's space launch capability is real and ready", said Stephen Matier, President and CEO of Maritime Launch Services. "With Reaction Dynamics, Canada is joining the ranks of our NATO allies and other nations that can launch their satellites to orbit, from their soil, on their terms".

Under the agreement, Reaction Dynamics is expected to conduct its first orbital launch attempt on or about Q3 2028 under this one-time exclusive agreement. Both parties have committed to a framework to enter into a multi-year Facility Usage Agreement for the exclusive use of a designated launchpad at Spaceport Nova Scotia, with regular launch operations, to follow its successful orbital attempt. This agreement brings sovereign launch capabilities to Canada and boosts commercial space activities in North America. Terms of the Facility Usage Agreement are subject to completion of definitive documentation.

"Securing this Pathfinder launch is Canada's bridge to true sovereign launch," said Bachar Elzein, CEO of Reaction Dynamics. "With Aurora-1 flying this winter and our Aurora-8 orbital system coming online, Canada is not only entering the launch market—it is shaping the future of rapid, distributed, and allied-ready space access."

The equity investment, combined with the discounted launch fee, reflects the two companies' shared commitment to work together and build a sustainable launch ecosystem in Canada that strengthens national capability and positions Nova Scotia as the hub of Canada's emerging space economy.

About Maritime Launch Services

Maritime Launch Services is a Canadian-owned commercial space company headquartered in Nova Scotia. The company is developing Spaceport Nova Scotia, Canada's first commercial orbital launch complex and a strategic national asset for both commercial and government missions. Designed to provide reliable, rapid access to low-Earth orbit, the spaceport strengthens Canada's ability to host and sustain sovereign launch operations while enhancing the country's role in allied space and defence initiatives.

For more information about Maritime Launch and Spaceport Nova Scotia, visit www.maritimelaunch.com.

About Reaction Dynamics

Reaction Dynamics is Canada's leading orbital launch company, ushering in a new era of space access with the development of next-generation hybrid launch systems. Designed to enable responsive launch, rapid asset deployment, and persistent in-space presence, this technology allows our vehicles to operate from a variety of enabling infrastructure with minimal logistical footprint, enabling unparalleled operational flexibility for commercial and Government partners. Reaction Dynamics is equipping Canada and its Allies with the means to access, secure, and operate in space with autonomy and resilience.

For more information about Reaction Dynamics, visit www.reactiondynamics.space.

Reaction Dynamics
Remi Lecerf
Chief Commercial Officer
remi.lecerf@reactiondynamics.space
www.reactiondynamics.space

Forward-Looking Statements 

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding (i) the Company's ability to finalize and carry out the transactions referred to in this press release which negotiation RDX and final regulatory approval may impact, (ii) the closing of additional tranches of the private placement with RDX which may be impacted by further negotiation of other agreements and the financial condition of RDX; and (iii) timing and amount of any launch fee from RDX and the subsequent completion of a Facility Usage Agreement which may be impacted by the success of RDX with the proposed launch vehicle, regulatory approvals, negotiation of final terms and the Company's ability to implement its business strategy and finalize the development of its launchpads at Spaceport Nova Scotia.

Forward-looking statements in this news release are based on certain assumptions and expected future events, namely: the Company's ability to continue as a going concern; continued approval of the Company's activities by the relevant governmental and/or regulatory authorities; the Company's ability to finance its operations until profitability of the Company can be achieved and sustained.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to the potential inability of the Company to continue as a going concern; risks associated with potential governmental and/or regulatory action with respect to the Company's operations.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

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SOURCE Maritime Launch Services Inc.