Updated hourlyHourly refreshMon, Oct 26, 2026
Finance · Crypto
LAKE MARY, Fla., October 15, 2026 - OpenWorld, Inc. (“OpenWorld” or the “Company”) (NASDAQ: OPNW), an innovation company advancing global real-world asset (“RWA”) tokenization, today announced that it has entered into a non-binding term sheet with Meridian to establish a tokenized financing program of up to $1 billion to fund the purchase and deployment of a distributed AI computing network powered by on-site solar energy and residential battery storage. Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the program, and its OpenWorld Enterprise platform will finance and operate the orchestration of the network. The news follows recent OpenWorld tokenized financing announcements, including a proposed transaction to transform BeyondAI’s industrial AI intellectual property rights into financeable collateral on OpenWorld’s tokenization platform.
Key Highlights
Meridian founded by Josh Raffaelli: Raffaelli was involved early in Tesla, Solar City, and SpaceX while at DFJ and Silver Lake.
Up to $1 billion in tokenized financing: OpenWorld structures and administers the tokenized financing program on OpenWorld Enterprise. Residential battery storage, solar panels and AI computing equipment form the asset base of the structure.
Meridian’s role: Meridian holds purchase rights to Powerwall residential battery storage systems for the program and will own the storage assets within the structure.
AI inference without new data centers: AI providers pay to run trained models on the network with no new centralized data-center sites, no additional grid interconnections and no water-based cooling. The program is intended to supply capacity to one or more leading AI inference providers.
Initial deployment of 10,000 homes: Compute nodes at participating homes, with larger installations at local schools, hospitals and local commercial campuses.
Hosts get paid: Homeowners receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts receive a share of site revenue and backup power.
Timeline: Initial installations scheduled to begin in the fourth quarter of 2026; first commercial site targeted for the first quarter of 2027.
“Access to power is a major constraint on the growth of AI infrastructure,” said Matt Shaw, CEO and Chairman of OpenWorld. “By bringing computing equipment to homes and commercial properties through solar generation and battery storage, we can build AI capacity closer to the power source instead of waiting years for a grid connection. Our term sheet with Meridian brings together the tokenization, financing and operating capabilities needed to develop this network at scale, and it shows what OpenWorld Enterprise is built to do: turn real-world assets into financeable, on-chain infrastructure.”
“Residential battery storage is the foundation of this program,” said Josh Raffaelli, founder of Meridian and clean energy investor. “OpenWorld will help us finance the equipment, turning solar generation and battery storage at participating properties into infrastructure that can serve growing demand for AI computing.”
Solving the Power Problem in AI Infrastructure
Access to power is a growing constraint on AI infrastructure. New data centers face lengthy grid interconnection timelines, local opposition and significant water demands. The planned network of home-hosted, distributed AI inference computing would place compute nodes at participating homes and larger installations at local schools, hospitals and commercial campuses, each powered by on-site solar generation and battery storage. AI providers would pay to use this computing capacity for inference, the process of running trained AI models, without requiring new centralized data-center sites, additional grid connections or water-based cooling.
Participating homeowners would receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts would receive a share of site revenue and backup power.
How the Program Works
Meridian, a privately held Delaware limited liability company, holds purchase rights to residential Tesla Powerwall battery storage systems for the program. The program’s initial deployment is planned for 10,000 homes.
Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the financing program. OpenWorld will establish and administer the tokenized financing structure on its OpenWorld Enterprise platform. The financing would support Meridian’s purchase of residential battery storage systems, as well as the purchase by OpenWorld or a subsidiary of solar panels and associated AI computing equipment, all of which will be used within the structure.
OpenWorld is also developing an integrated system to support each installation. The OpenWorld Enterprise platform will monitor equipment performance and provide investors with reporting on the underlying assets. The program is intended to supply computing capacity to one or more leading AI inference providers. Test installations are scheduled to begin in the fourth quarter of 2026, with the first commercial site targeted for the first quarter of 2027.
Non-Binding Agreement
The Term Sheet is non-binding, except for the provisions expressly stated to be binding, and the proposed transaction remains subject to the completion of confirmatory due diligence, negotiation and execution of definitive documentation, satisfaction of applicable conditions and completion of the contemplated transaction. There can be no assurance that the proposed transaction will be consummated on the terms described or at all.
An earlier draft of this press release was inadvertently issued to a limited number of wire services the morning of October 14, 2026 (“Draft Release”). Investors are cautioned to disregard the Draft Release and not to place any reliance on the Draft Release.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “expected,” “would,” “will,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify forward-looking statements. These include statements about the proposed engagement, the size, timing and structure of the financing program, the Distributed Inference Program and anticipated offtake arrangements. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Those risks include failure to execute definitive agreements, market conditions, regulatory developments affecting tokenized securities, tax law changes and the risks described in OpenWorld’s Annual Report and Quarterly Reports filed with the SEC, including under the heading titled “Risk Factors.” OpenWorld undertakes no obligation to update these statements except as required by law.
No Offer or Solicitation
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About OpenWorld
OpenWorld, Inc. (NASDAQ: OPNW) is a technology-powered digital assets and blockchain innovation company that co-architects and takes principal positions in enterprise blockchain initiatives alongside sovereign governments, institutional partners and major enterprises. Since its founding in 2023, OpenWorld has advised on projects representing over $66 billion in aggregate network value and supported more than 20 companies backed by leading global venture firms, including a16z, Multicoin Capital, Dragonfly and Founders Fund. OpenWorld’s capabilities span real-world asset tokenization, stablecoin infrastructure, capital markets advisory, governance structuring and public markets strategy, with active engagements across the United States, Gulf, Europe, Southeast Asia and Africa. To learn more, visit openworld.dev and follow OpenWorld on X at @_openworld.
About Meridian
Meridian is a privately held Delaware limited liability company that develops and finances residential battery storage for distributed energy and computing programs.
Contacts
Investors
ir@openworld.dev
Media
Gasthalter & Co.
Phone: (212) 257-4170
Email: openworld@gasthalter.com
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Ottawa, Ontario, Oct 15, 2026 - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company"), a Canadian developer of high-grade flake graphite deposits and advanced graphite materials for battery, defence, and industrial applications, is pleased to announce the engagement of Construction & Expertise PG ("PG") to advance geotechnical investigations and detailed engineering for the proposed all-season access road to its flagship Lac Knife Graphite Project ("Lac Knife" or the "Project") in Quebec.
The engagement marks an important step toward construction readiness and forms part of a broader infrastructure initiative supported by up to C$1,932,750 in combined non-dilutive federal and provincial funding. This includes newly approved non-repayable financial assistance of up to C$554,050 from the Societe du Plan Nord ("SPN"), representing 50% of eligible access road planning and development costs under its Northern Infrastructure Fund in Support of the Mining Sector (Enveloppe nordique d'infrastructures en appui au secteur minier), and previously announced support of up to C$1,378,700 from Natural Resources Canada ("NRCan") through its First and Last Mile Fund ("FLMF"). The provincial contribution is dedicated exclusively to the access road, while the federal funding supports pre-construction planning for both the road and the electrical infrastructure required to connect Lac Knife to Hydro-Quebec's power network.
Together, these complementary investments are helping advance the transportation and energy infrastructure necessary for Lac Knife's development while allowing the Company to preserve capital for its broader project development and advanced materials strategy.
Advancing Lac Knife's Access Road Toward Construction Readiness
The proposed all-weather gravel access road will connect the Lac Knife Project site to Highway 389, providing reliable year-round access to support future mine construction, personnel transportation, equipment mobilization and the eventual transportation of graphite concentrate. PG's mandate encompasses geotechnical and geophysical investigations, subsurface characterization, evaluation of construction materials and engineering activities required to advance a construction-ready access road design. Key deliverables will include preliminary and final engineering drawings, technical specifications, a bill of quantities, detailed cost estimates, a construction schedule and tender documents to support future construction planning and procurement.
The program includes:
Approximately eleven (11) kilometres of geophysical investigations using seismic refraction and multichannel analysis of surface waves (MASW), including associated data processing, interpretation and technical reporting.
Approximately sixty (60) geotechnical test pits along the proposed road corridor to characterize subsurface conditions, assess soil and foundation properties, and inform road design requirements.
Reconnaissance and sampling of potential borrow material sources, supported by laboratory testing of foundation soils and construction materials to evaluate their suitability for road construction.
Targeted geotechnical drilling at critical locations along the proposed road corridor, where warranted by field investigation results and subject to additional authorization.
High-resolution drone-based topographic surveys of the proposed road corridor and any revised alignments, to support final engineering design and future construction planning.
Development of geotechnical profiles, pavement design recommendations and associated technical reporting to support detailed road and drainage engineering.
The field investigation program has advanced substantially, generating critical technical data to refine engineering designs, optimize construction requirements and support the next phase of project development.
"Infrastructure is what transforms a mineral resource into a strategic asset," said Dean Hanisch, Chief Executive Officer of Focus Graphite. "With PG advancing the technical work required for our access road, we are translating project planning into tangible steps towards construction readiness. The support of the Governments of Québec and Canada allows us to advance this essential infrastructure while maintaining a disciplined approach to capital allocation and project development."
The coordinated advancement of road access and grid connection planning is intended to strengthen Lac Knife's development readiness, reduce infrastructure-related uncertainty and establish the technical foundation for future construction.
"Support from two levels of government for complementary infrastructure initiatives underscores the strategic importance of advancing Lac Knife," said Jason Latkowcer, Vice President, Corporate Development of Focus Graphite. "We are systematically removing barriers to development, reducing risk and strengthening Lac Knife's investment case, while leveraging non-dilutive funding to minimize shareholder dilution."
Responsible Infrastructure Development
The Lac Knife Project is located on the Nitassinan, the ancestral lands of the Innu Takuaikan Uashat mak Mani-utenam ("ITUM"). Focus has maintained a collaborative relationship with ITUM since entering into a Pre-Development Agreement in 2014 and continues to advance project planning in collaboration with the community.
The Company's infrastructure strategy prioritizes the use of existing transportation corridors wherever practical, with the objective of minimizing new environmental disturbance while supporting responsible project development.
The proposed access road and electrical connection are fundamental components of Lac Knife's long-term development strategy. Together, they are intended to establish reliable year-round access and support the transition toward grid-connected mining and processing operations.
Lac Knife hosts one of North America's highest-grade natural graphite deposits and serves as the upstream foundation of Focus Graphite's strategy to establish an integrated advanced graphite materials platform serving battery, defence, nuclear energy and advanced manufacturing supply chains.
Qualified Person
The technical content disclosed in this news release was reviewed and approved by Richard Pearce, PE, President of Brasil Insight Capital LLC., a consultant to the Company, and a qualified person as defined under National Instrument NI 43-101.
About Construction & Expertise PG
Construction & Expertise PG Inc. (PG) is an integrated engineering, construction and industrial maintenance company serving the mining and industrial sectors across Quebec and Newfoundland and Labrador. Founded in 2006, PG has grown to more than 400 employees, with a permanent engineering office and laboratory in Wabush supporting the surrounding mining region. PG's approach goes beyond traditional consulting and contracting. The company believes successful mining projects are built on strong relationships, trusted partnerships, safe execution and quality work. By bringing engineering, technical services and construction capabilities together under one organization, PG works alongside its clients as a long-term regional partner, from project development and technical investigation through construction and operations.
For more information on Construction & Expertise PG Inc. please visit https://pgconstruction.ca/en.
About Focus Graphite Inc.
Focus Graphite is building an integrated graphite platform to supply the industries shaping the future. Through the development of world-class graphite resources, advanced processing technologies and higher-value advanced materials, the Company is positioning itself to support battery, defence, advanced manufacturing and other strategic industries across North America and allied markets.
The platform is anchored by the Company's two 100%-owned graphite assets in Quebec. Lac Knife is one of North America's highest-grade feasibility-stage graphite deposits, while Lac Tetepisca is one of the largest identified graphite resources globally. Together with strategic technology partnerships and government-supported innovation initiatives, these assets provide the foundation for a secure, scalable and increasingly integrated graphite supply chain.
For more information on Focus Graphite Inc. please visit http://www.focusgraphite.com
LinkedIn: https://www.linkedin.com/company/focus-graphite/
Facebook: https://www.facebook.com/focusgraphite
X: https://x.com/focusgraphite
Investors Contact:
Dean Hanisch
CEO, Focus Graphite Inc.
dhanisch@focusgraphite.com
+1 (613) 612-6060
Jason Latkowcer
VP Corporate Development
jlatkowcer@focusgraphite.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated," and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward-looking information regarding, among other things: the engagement of Construction & Expertise PG and the anticipated completion of its geotechnical investigations, geophysical surveys, subsurface characterization, engineering studies and detailed road and drainage designs; the anticipated receipt and use of funding from the Société du Plan Nord and Natural Resources Canada's First and Last Mile Fund; and the completion of planning, engineering, environmental studies, route optimization, permitting and design activities associated with the proposed all-season access road and Hydro-Quebec electrical connection.
Such forward-looking information also includes the advancement of the Lac Knife Graphite Project toward permitting, construction readiness and future development; the anticipated benefits of the proposed access road and related infrastructure planning, including improved year-round access, enhanced project readiness, reduced infrastructure-related development risk and support for future mine construction and operations; and the Company's ongoing collaboration with Innu Takuaikan Uashat mak Mani-utenam (ITUM), including project planning activities and the proposed use of existing transportation corridors wherever practical. Additional forward-looking information includes the Company's ability to satisfy the terms and conditions of applicable funding agreements and obtain the full amount of committed government support; the timing and outcome of regulatory approvals, permitting processes and future development decisions; the Company's ability to secure additional financing, government support, strategic partnerships and offtake arrangements; the future construction, development and operation of the Lac Knife Graphite Project; and the Company's strategy to develop an integrated advanced graphite materials platform serving battery materials, defence, nuclear energy and advanced manufacturing supply chains in North America and allied markets.
The completion of detailed engineering and final infrastructure designs does not constitute authorization to commence construction, which remains subject to applicable permits, regulatory approvals, financing arrangements and future development decisions. The Company anticipates providing further updates, as appropriate, as the project progresses through subsequent design, permitting, financing and contracting phases.
Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company's public disclosure documents available under its profile on SEDAR+.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.
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