XcelPlus International (XLPI) on the OTC Markets to be renamed Firepoint Energy Inc.

Xcelplus International Inc (OTCMKTS:XLPI)

It was important to me to consolidate the lineages and legacies of both companies while providing Firepoint Energy with a clear path to being a public company,”
— Bill Smith

SALTSBURG, PA, UNITED STATES, December 22, 2025 /EINPresswire.com/ -- Firepoint Energy Inc, a critical minerals recovery company based in Saltsburg, Pennsylvania, announced today the renaming of Xcelplus International (OTC: XLPI) to Firepoint Energy Inc. This is one of the final steps in a reverse merger between the two companies, with Firepoint Energy emerging as the surviving entity.

The name change of Xcelplus International is expected to be finalized in mid-January, 2026. Preexisting shares of Xcelplus International will be converted into shares of Firepoint Energy at a rate of 3 to1.

Firepoint Energy CEO Bill Smith says the name change is just one more important step that will ultimately lead to the final merger of the companies, which is something that has been in progress for nearly a year.

“I was one of the founders of Xcelplus International and originally helped it to go public, and it was important to me to consolidate the lineages and legacies of both companies while providing Firepoint Energy with a clear path to being a public company,” explained Smith. “This reverse merger will open all sorts of intriguing opportunities for Firepoint, and we are excited to see how things progress from here.”

Firepoint Energy is still awaiting a new stock symbol from FINRA; the current XLPI trading symbol of Xcelplus International will become dormant once the name change is finalized.

For more information about the reverse merger, visit xcelplus.energy, send an email to [email protected], or call 281-822-6652.

Bill Smith
Firepoint Energy Inc
+1 570-728-5333
email us here
Visit us on social media:
LinkedIn
Facebook
YouTube
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]