{"id":960668,"date":"2026-05-11T08:05:21","date_gmt":"2026-05-11T12:05:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/trio-petroleum-corp-announces-strategic-expansion-initiative-following-successful-capital-raise-and-encourages-stockholder-support-at-may-21st-annual-meeting\/"},"modified":"2026-05-11T08:05:21","modified_gmt":"2026-05-11T12:05:21","slug":"trio-petroleum-corp-announces-strategic-expansion-initiative-following-successful-capital-raise-and-encourages-stockholder-support-at-may-21st-annual-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trio-petroleum-corp-announces-strategic-expansion-initiative-following-successful-capital-raise-and-encourages-stockholder-support-at-may-21st-annual-meeting\/","title":{"rendered":"TRIO PETROLEUM CORP ANNOUNCES STRATEGIC EXPANSION INITIATIVE FOLLOWING SUCCESSFUL CAPITAL RAISE AND ENCOURAGES STOCKHOLDER SUPPORT AT MAY 21ST ANNUAL MEETING"},"content":{"rendered":"
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\n Malibu, California, May 11, 2026 (GLOBE NEWSWIRE) — <\/strong>Trio Petroleum Corp (\u201cTrio\u201d or the \u201cCompany\u201d) today announced that it has strengthened its financial position through recent capital raises totaling approximately $24 million<\/b>\u00a0via its At-The-Market (\u201cATM\u201d) equity program. With a substantially improved balance sheet and capital available for deployment, Trio has entered what management believes is a transformational phase focused on growth through strategic acquisitions.<\/p>\n

The Company through its Canadian subsidiary has assembled a multidisciplinary team of seasoned upstream oil and gas specialists, combining top-tier land, engineering, and operational expertise to fast track identifying, reviewing, and engaging potential oil and gas acquisition opportunities. The team has been participating in discussions<\/b>\u00a0on select projects and plans to move forward with transactions that management believes will result in substantial growth of the Company\u2019s operations.<\/p>\n

Trio\u2019s acquisition strategy is currently centered on\u00a0Canadian oil and gas assets<\/b>, where management believes attractive valuation opportunities exist relative to comparable U.S. projects. These assets are expected to offer favorable entry pricing, established infrastructure, and significant operational and development upside.<\/p>\n

\n CEO Commentary<\/b>\n <\/p>\n

\u201cWe believe the Company is now positioned at an inflection point,\u201d said\u00a0Robin Ross, Chief Executive Officer of Trio. \u201cOver the past year, our priority was stabilizing the Company and rebuilding financial strength. Having successfully raised approximately $24 million and strengthened our balance sheet, we are now focused on execution \u2014 identifying acquisitions capable of materially expanding our production base and long-term cash flow.\u201d<\/p>\n

\u201cOur team is actively advancing multiple opportunities, particularly in Canada, where we see the ability to acquire quality assets at valuations that we believe are highly compelling. This creates an opportunity to grow Trio significantly faster than would otherwise be possible through organic development alone.\u201d<\/p>\n

\n Annual Stockholder Meeting \u2014 May 21, 2026<\/b>\n <\/p>\n

Stockholders are reminded that Trio\u2019s\u00a0Annual Meeting of Stockholders will be held on May 21, 2026<\/b>. Management strongly encourages all stockholders to vote\u00a0FOR<\/b>\u00a0all of the items on the Meeting Agenda.<\/p>\n

\u201cWe are asking stockholders to support management at this important moment,\u201d the CEO continued. \u201cTrio has transitioned from survival to opportunity. With capital now in place and acquisition initiatives underway, we believe the decisions made at this annual meeting will help position the Company for meaningful long-term value creation.\u201d<\/p>\n

\n Strategic Growth Outlook<\/b>\n <\/p>\n

Trio intends to pursue acquisitions that:<\/p>\n