Volatus Aerospace Inc. (TSXV: FLT; OTCQB: TAKOF; Frankfurt: A3DP5Y/ABB.F) (“Volatus” or the “Company”), a Canadian leader in aerial intelligence and unmanned aircraft systems, is pleased to announce the acquisition of a suite of advanced RPAS (Remotely Piloted Aircraft Systems) technologies from Caliburn Holdings LLP., a UK-based aerospace engineering firm. The acquisition marks a major step forward in strengthening Canada’s sovereign aerospace and defense manufacturing capacity.
The Purchase Price will be two million Canadian dollars (CA$2,000,000.00) (“Purchase Price”). The Purchase Price will be paid in the form of Volatus Common Shares (“FLT Shares”). The Company will be issuing 2,631,579 common shares based on the 15-day volume weighted average price (VWAP) ($0.76) on the date of signing of the definitive agreement. One half of the FLT Shares (1,315,790) to be issued shall have the customary no-trade hold period of 4 months from the date of issuance and the other half of the FLT Shares (1,315,790) to be issued will have a no-trade hold period of 24 months from the date of issuance. The closing is subject to Board and regulatory approvals.
Separately, the Company has entered into performance-based bonus agreements with new employees transitioning from Caliburn to Volatus based on issuance of RSUs against seven distinct technical and revenue linked milestones in compliance with the equity incentive plan and subject to the Board approval.
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The acquisition delivers complete aircraft designs, validated flight-test data, detailed engineering documentation, and assets that form the foundation for a new generation of long-endurance, fixed-wing uncrewed aircraft systems to be manufactured and integrated in Canada. These aircraft are designed to meet operational needs across defense, public security, and critical infrastructure sectors.
At the heart of the acquisition are three scalable UAS platforms ranging in maximum takeoff weight from 100kg to 265kg. The aircraft are capable of carrying or integrating sensors and payloads from 15kg to 50kg; and flight endurance will be from 12 hours per mission to up to 7 days of continuous flight.
These strategic, multi-mission, ultra-long endurance UAS can cover the spectrum for border security, persistent surveillance arctic and maritime patrol, and critical infrastructure right-of-way inspection. The aircraft are modular enough to fulfil major military UAS role, individually and in squadron.
All platforms will be manufactured and integrated at Volatus Innovation and Drone Manufacturing Facility recently launched within YMX Innovation , a newly established national centre of excellence for advanced aerospace systems and the cornerstone of Volatus’ Made-in-Canada strategy, located at YMX International Aerocity of Mirabel. The facility will serve as the primary site for production, integration, and flight testing, supporting both domestic programs and allied export opportunities.
“This acquisition represents more than just new aircraft, it’s about building sovereign capability,” said Glen Lynch, Chief Executive Officer of Volatus Aerospace. “Canada has the talent, infrastructure, and strategic imperative to design and manufacture world-class uncrewed systems right here at home. By bringing this technology to Mirabel, we’re ensuring that critical aerospace innovation, jobs, and intellectual property stay in Canada while strengthening our ability to support NATO and allied partners.”
The original UK engineering team responsible for the aircraft designs will join Volatus and relocate to Mirabel to lead production, testing, and certification efforts. Their integration will ensure a seamless transfer of technical expertise, program continuity, and global market access.
Alignment with National Priorities
This transaction directly supports Canada’s defense-industrial policy objectives, increasing defense spending, repatriating procurement dollars, and expanding domestic manufacturing capacity. As Canada moves toward the 2 percent NATO defense-spending target, Volatus is positioning YMX International Aerocity of Mirabel as a cornerstone of the nation’s aerospace and defense ecosystem.
Today’s announcement perfectly embodies YMX Innovation’s mission: to establish our Aerocity as a national hub for advanced air mobility and next-generation aerospace technologies. By hosting major programs such as Volatus Aerospace’s new RPAS initiative on our campus, we are strengthening Québec’s position as a leader in innovation, technological sovereignty, and industrial transformation within the aerospace sector”, said Yves Beauchamp, President and CEO of ADM Aéroports de Montréal
Through this acquisition, Volatus Aerospace reaffirms its commitment to building a self-sustaining, sovereign aerospace ecosystem, combining Canadian engineering, allied technology transfer, and global market access. The next generation of long-endurance RPAS supporting defense, security, and environmental missions will be proudly designed, built, and supported in Canada.
The Transaction is expected to close on or about November 1, 2025.
