HOUSTON AMERICAN ENERGY CORP. ANNOUNCES COMPLETION OF $8 MILLION REGISTERED DIRECT OFFERING TO INSTITUTIONAL INVESTORS

HOUSTON, TX, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) today announced that it has completed a registered direct offering with gross proceeds of approximately $8 million, priced at $3.50 per share. A.G.P./Alliance Global Partners acted as the sole placement agent for the offering. Univest Securities, LLC acted as the financial advisor for the offering.

The financing was supported by a group of Tier-1 institutional investors, which the Company believes to be indicative of strong market confidence in the Company’s strategic direction and its transition toward circular fuels and renewable energy production. The net proceeds from the offering will be used to complete Phase 1 of the Company’s Cedar Port Renewable Energy Complex in Baytown, Texas, advance the Final Investment Decision (FID) for its first commercial waste-plastics-to-fuels facility, support the continued scaling of the business in a disciplined and fiscally responsible manner, to repay the balance of a convertible note, as well as for working capital and other general corporate purposes.

“This transaction marks another important milestone for Houston American Energy as we execute our long-term growth strategy,” said Ed Gillespie, Chief Executive Officer of Houston American Energy Corp. “Combined with our recently announced debt restructuring, this financing further strengthens our capital position and provides a clear path toward the next stage of development. We value the confidence shown by our new institutional investors and the continued support of our shareholders. We are also appreciative of the continued partnership with A.G.P./Alliance Global Partners and the support from our legal team at Sullivan & Worcester. With a stronger balance sheet and improved financial flexibility, we are well positioned to accelerate our development initiatives at Cedar Port and move decisively toward commercial operations.”

Over the past several months, the Company has executed a number of significant milestones that support long-term value creation, including the groundbreaking of the Cedar Port Renewable Energy Complex and the continued integration and advancement of its circular-fuels platform originally acquired through Abundia Global Impact Group. These achievements, together with the completion of the registered direct offering, further strengthen the Company’s capital position and reinforce its path toward commercial operations and disciplined growth.

The securities were issued under the Company’s existing shelf registration statement on Form S-3 which became effective on November 3, 2025. A prospectus supplement, dated November 19, 2025, and accompanying prospectus describing the terms of the offering has been filed with the Securities and Exchange Commission (“SEC”) on November 21, 2025, and is available on the SEC’s website located at www.sec.gov. Additional details regarding the terms of the offering are available in the Company’s Current Report on Form 8-K filed with the SEC on November 21, 2025.

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any securities.

About Houston American Energy Corp.

Houston American Energy Corp. (NYSE American: HUSA) is an independent energy company with a growing and diversified portfolio across both conventional and renewable sectors. Historically focused on the exploration and production of oil and natural gas, the Company is actively expanding into high-growth segments of the energy industry. In July 2025, HUSA acquired Abundia Global Impact Group, LLC, a technology-driven platform specializing in the conversion of waste plastics into low-carbon fuels and chemical feedstocks. This strategic acquisition reflects HUSA’s broader commitment to meeting global energy demands through a balanced mix of traditional and alternative energy solutions and positions the Company to capitalize on emerging opportunities in sustainable fuels and energy transition technologies.

Cautionary Note Regarding Forward-Looking Information:

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking information generally is accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking information is based on management’s current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements about the Company ability to create financial flexibility for future investments, and the amount of proceeds from the offering and use of such proceeds. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of factors, including, but not limited to: (i) risks and uncertainties impacting the Company’s business including, risks related to its current liquidity position and the need to obtain additional financing to support ongoing operations, the Company’s ability to continue as a going concern, the Company’s ability to maintain the listing of its common stock on NYSE American, the Company’s ability to predict its rate of growth, the Company’s ability to hire, retain and motivate employees, the effects of competition on the Company’s business, including price competition, technological, regulatory and legal developments, developments in the economy and financial markets, and (ii) other risks as set forth from time to time in the Company’s filings with the U.S. Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are beyond the control of the Company.

With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing the Company’s business is disclosed in our Annual Report on Form 10-K and other filings with the SEC on www.sec.gov.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

For additional information, view the company’s website at www.houstonamerican.com or contact Houston American Energy Corp. at (713)-322-8818.

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