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Cartis diligence evidence schedule

Keel Sherbrooke AI Data Center Campus

PRJ-0737 · Site · Sherbrooke, Quebec, Canada

Record last updated Oct 28, 2026

Scope and capacity

Keel Infrastructure received municipal approval to consolidate power from three existing sites into a new Sherbrooke HPC and AI campus. The planned campus uses 96 MW of existing gross capacity without requesting additional power. Keel Infrastructure and Hydro-Sherbrooke is publicly identified in the project record for Sherbrooke, Estrie, QC, CA. The disclosed development record includes 96 MW gross utility capacity; municipal approval received; Hydro-Sherbrooke agreement and land purchase advancing. Power and infrastructure include consolidated municipal-utility supply transferred from three existing sites to one campus. Keel reports a proposed transfer of 96 MW of existing gross capacity to the Sherbrooke campus.

Headline: 96 MW Utility capacity

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Location context · Keel data center parcel | Sherbrooke | Quebec

Actual · Keel Sherbrooke AI Data Center Campus (Project)

Claim 58795 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Keel Infrastructure Q2 2026 report

    Keel Infrastructure · Document date: Aug 11, 2026 · Primary

    Source reference: SRC-3230 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000023/keel-20260630.htm

Lifecycle status · Permitted

Actual · Keel Sherbrooke AI Data Center Campus (Project)

Claim 58796 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Keel Infrastructure Q2 2026 report

    Keel Infrastructure · Document date: Aug 11, 2026 · Primary

    Source reference: SRC-3230 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000023/keel-20260630.htm

Reported capacity · 96 MW

Design · Keel Sherbrooke AI Data Center Campus (Project)

Claim 58797 · Recorded claim type: Design · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. Keel Infrastructure Q2 2026 report

    Keel Infrastructure · Document date: Aug 11, 2026 · Primary

    Source reference: SRC-3230 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000023/keel-20260630.htm

Capacity basis · Keel reports a proposed transfer of 96 MW of existing gross capacity to the Sherbrooke campus.

Actual · Keel Sherbrooke AI Data Center Campus (Project)

Claim 58798 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Keel Infrastructure Q2 2026 report

    Keel Infrastructure · Document date: Aug 11, 2026 · Primary

    Source reference: SRC-3230 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000023/keel-20260630.htm

Development scale · 96 MW gross utility capacity

Actual · Keel Sherbrooke AI Data Center Campus (Project)

Claim 107648 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Keel Infrastructure Q2 2026 report

    Keel Infrastructure · Document date: Aug 11, 2026 · Primary

    Source reference: SRC-3230 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000023/keel-20260630.htm

  2. Keel second-quarter 2026 results

    Keel Infrastructure · Document date: Aug 10, 2026 · Corroborating

    Source reference: SRC-6026 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000021/a202689finalprkeelq22026ea.htm

Development milestone · Municipal approval received

Actual · Keel Sherbrooke AI Data Center Campus (Project)

Claim 107649 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Keel Infrastructure Q2 2026 report

    Keel Infrastructure · Document date: Aug 11, 2026 · Primary

    Source reference: SRC-3230 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000023/keel-20260630.htm

  2. Keel second-quarter 2026 results

    Keel Infrastructure · Document date: Aug 10, 2026 · Corroborating

    Source reference: SRC-6026 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000021/a202689finalprkeelq22026ea.htm

Power arrangement · Hydro-Sherbrooke agreement and land purchase advancing.

Actual · Keel Sherbrooke AI Data Center Campus (Project)

Claim 107650 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Keel Infrastructure Q2 2026 report

    Keel Infrastructure · Document date: Aug 11, 2026 · Primary

    Source reference: SRC-3230 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000023/keel-20260630.htm

  2. Keel second-quarter 2026 results

    Keel Infrastructure · Document date: Aug 10, 2026 · Corroborating

    Source reference: SRC-6026 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000021/a202689finalprkeelq22026ea.htm

Boundary context · Keel data center parcel | Sherbrooke | Quebec

Actual · Keel Sherbrooke AI Data Center Campus (Project)

Claim 107651 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Keel Infrastructure Q2 2026 report

    Keel Infrastructure · Document date: Aug 11, 2026 · Primary

    Source reference: SRC-3230 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000023/keel-20260630.htm

  2. Keel second-quarter 2026 results

    Keel Infrastructure · Document date: Aug 10, 2026 · Corroborating

    Source reference: SRC-6026 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1812477/000181247726000021/a202689finalprkeelq22026ea.htm

Counterparties and capital

Hydro-Sherbrooke · Utility provider · CMP-1476

Keel Infrastructure · Developer · CMP-1475

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.