This new activity aims to support revenue growth, broaden the commercial offering and develop the Company’s customer base in Quebec and other Canadian regions.
Varennes, Quebec, October 21, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, announces the addition of an industrial gas cylinder filling unit at its Sorel-Tracy site.
Specifically, this unit will allow CHARBONE to fill hydrogen and helium cylinders directly from the onset at its Sorel-Tracy site, with the ability to expand to other industrial gases and specialized mixtures in the future. These cylinders, also known as gas cylinders, are used to store, transport, and supply the gases required for various customer applications. CHARBONE will thus directly manage this step in preparing the products for its customers.
This new activity represents a further step in the development of CHARBONE’s integrated platform. It aims to expand the markets accessible to the Company and generate new revenue opportunities through an offering tailored to the needs of industrial, commercial, and institutional clients.
A new lever for business development
The filling unit will primarily serve the Quebec market, while also supporting CHARBONE’s business development elsewhere in Canada. Target customers include private companies and distribution partners, including independent distributors. The offering will also address supply needs related to certain government contracts and the defense sector.
By adding cylinder filling to the activities of its Sorel-Tracy site, CHARBONE is internalizing a step previously sources externally, which is expected to support margin improvement and enhance control over product quality and delivery timelines. This enables the Company to expand the services offered to its customers, develop new business relationships and strengthen its position in industrial gases.
Dave Gagnon, President and CEO of CHARBONE, declares: “Our goal is to make Sorel-Tracy a growth engine for CHARBONE. By handling the filling of helium cylinders ourselves, and later industrial gases and specialty mixtures, we are expanding our offering and opening up new opportunities to grow our revenue with a diverse clientele. We are building a Canadian industrial gas group with the ambition of becoming a leading supplier for companies seeking to source their gases from a Canadian partner, reliably. Our priority is to develop lasting relationships with our customers and translate this business expansion into long-term value creation for our shareholders.”
Expanding Market Presence Across Quebec and CanadaThis initiative further develops CHARBONE beyond hydrogen production, expanding the activities and services offered within its industrial gas platform. Helium, in particular, represents a high-demand industrial gas with constrained supply, making direct cylinder filling a strategically important capability for CHARBONE’s customers across sectors like semiconductors, aerospace and defense, and advanced manufacturing. The Company intends to leverage this new unit to increase its presence in Quebec and develop business opportunities with Canadian buyers seeking a long-term supply partner.
CHARBONE to Present at the Emerging Growth Conference
The Company has been invited to present at the upcoming Emerging Growth Conference, a live, interactive online event giving individual and institutional investors, advisors, and analysts the opportunity to receive a brief recap of recent achievements and path forward from CHARBONE’s CFO and Corporate Secretary, Benoit Veilleux.
Date: Thursday, October 29, 2026
Time: 3:10 PM ET
Register: https://goto.webcasts.com/starthere.jsp?ei=1772210&tp_key=8ae90219a3&sti=ch
About CHARBONE CORPORATION
CHARBONE is a vertically integrated industrial gases company focused on developing and operating a network of supply hubs for the production, storage, and distribution of Ultra-High Purity (UHP) strategic industrial gases. The Company serves customers across sectors including semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense technologies, where UHP gases are critical for high-precision manufacturing processes and operational performance. CHARBONE is advancing a network of clean UHP hydrogen production plants across North America and selected international markets. The Company’s modular, decentralized, and demand-driven approach, combined with its integrated storage and distribution platform for all UHP gases, supports scalable growth, enhances operational flexibility, and enables more stable and diversified revenue generation. This model allows CHARBONE to efficiently serve mid-tier industrial gas customers with a reliable supply of UHP gases, including hydrogen, helium, oxygen, and any other high-demand gases that are often difficult to source reliably at the regional level. The Company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases, while addressing supply gaps for underserved industrial customers and accelerating the shift towards localized clean energy. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit: www.charbone.com.
Forward-Looking Statements
This news release contains statements that are “forward-looking information” as defined under Canadian securities laws (“forward-looking statements”). These forward-looking statements are often identified by words such as “intends”, “anticipates”, “expects”, “believes”, “plans”, “likely”, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Charbone Corporation will be attending Hyvolution Canada Conference and Tradeshow 2026 on September 29 & 30 in Trois-Rivières (Québec) that will be gathering local, North American, and from all around the world Hydrogen experts.
Charbone Team headed by its COO’s Daniel Charette will be at the company booth to meet customers, government and regulatory representatives and equipment suppliers and promote its delocalized production projects and its expertise in North America and international.
For more information, visit the website: https://canada.hyvolution.com/en/
Varennes, Quebec, September 8, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, is pleased to announce the closing of the $1.5 million drawdown previously announced on September 2, 2026 from RiverFort Global Opportunities PCC Ltd (“RiverFort” or “Lender”), representing half of the second drawdown of up to $3 million that is available to the Company prior to the date falling 6 calendar months from the first drawdown closing of the secured convertible loan facility (the “Convertible Loan”) for up to $10 million as previously announced on April 29, 2026.
Transaction Overview
CHARBONE has successfully completed the closing of the $1.5 million second drawdown under the Convertible Loan with RiverFort. The Convertible Loan is structured as a multi-drawdown secured facility, with additional tranches available to the Company over the term of the agreement, subject to customary conditions and mutual agreement between the parties. Accordingly, the Company may complete an additional drawdown of up to $1.5 million pursuant to the $3 million that is set aside under the second drawdown provision of the Convertible Loan.
Key Terms of the Convertible Loan
- Total facility size: Up to $10 million secured Convertible Loan, structured in multiple drawdowns.
- Drawdowns: The Initial Drawdown of $3 million closed on April 29, 2026. $1.5 million of the second drawdown of up to $3 million is now closed, and the remaining $1.5 million may be advanced to the Company prior to the date falling 6 calendar months from the first drawdown closing, subject to mutual agreement. The remaining $4 million out of $10 million will be available to be drawn by the Company in aggregate during the Convertible Loan term, subject to mutual agreement between the Company and RiverFort and customary conditions set out in the Convertible Loan agreement.
- Term: Drawdowns under the Convertible Loan are available for a three-year term, with each drawdown repayable over 18 months. The maturity dates are October 29, 2027 for the initial drawdown and March 4, 2028 for the $1.5 million second drawdown.
- Interest: 12% per annum, payable in cash every 4 months. Default interest capped at 24%.
- Conversion: The $1.5 million of the second drawdown is convertible, at the option of the Lender, into units composed of one common share of the Company and 0.3 of a warrant, at a conversion price of $0.196875 per unit. If not converted before, 10% shall be repaid at the end of 6 months, 20% at the end of 12 months and 70% on maturity date in 18 months. The securities issued upon any conversion of the principal amount of the Convertible Loan will be subject to the statutory four-month hold period in Canada from the closing date.
- Warrants: Each whole warrant issued in connection with the $1.5 million drawdown will be exercisable to acquire one additional common share of CHARBONE, at a price per share of $0.236250, for a period of 48 months, subject to a maximum of 5 years from the Convertible Loan closing date, April 29, 2026.
- Security: Secured with a first ranking hypothec over the universality of all present and future movable property of each of Charbone Hydrogène Québec Inc. (Sorel-Tracy project) and Charbone Hydrogen Corporation.
- An implementation fee of 5% of the drawdowns has been paid in cash on closing of each drawdown.
As a result of the closing of the $1.5 million drawdown, RiverFort currently holds an aggregate of $4.5 million in principal amount owing under the Convertible Loan. CHARBONE and RiverFort will continue to evaluate subsequent drawdowns under the Convertible Loan facility, which may be advanced over time in accordance with the agreement and at the Company’s request in line with capital requirements.
Use of Proceeds
The Convertible Loan is a key component of CHARBONE’s broader strategy to scale hydrogen production capacity and expand its industrial gas platform across North America. The proceeds from the $1.5 million drawdown are expected to be used to:
- Accelerate development timelines of the Company’s clean UHP hydrogen production plants
- Support capital expenditures and equipment deployment
- Provide general working capital to accelerate near-term growth initiatives
Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE, commented: “With this capital now closed, we are focused on execution to maintain our rapid pace of growth. The proceeds are being deployed directly toward our priorities at Sorel-Tracy and across our industrial gas platform, and we remain committed to delivering on the milestones we have communicated to our shareholders.”
About RiverFort
RiverFort provides debt and equity-based capital to high-growth companies. As an international business operating from offices in London, Australia and Gibraltar along with a strong presence in Europe, and Canada, RiverFort has a multi-sector and global orientation. RiverFort prides itself in creating mutually beneficial partnerships between its alternative funding sources, including family office co-investors, and investee companies it believes in. The RiverFort team has executed in excess of US$15 billion of growth financing transactions.
Varennes, Quebec, September 2, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, is pleased to announce that RiverFort Global Opportunities PCC Ltd (“RiverFort” or “Lender”) has agreed to advance $1.5 million, representing half of the second drawdown of up to $3 million, to the Company prior to the date falling 6 calendar months from the first drawdown closing of the secured convertible loan facility (the “Convertible Loan”) for up to $10 million as previously announced on April 29, 2026.
Transaction Overview
The $1.5 million forming part of the second drawdown will become available upon satisfaction of the closing conditions, including the approval by the TSX Venture Exchange. The Convertible Loan is structured as a multi-drawdown secured facility, with additional tranches available to the Company over the term of the agreement, subject to customary conditions and mutual agreement between the parties. Accordingly, the Company may complete an additional drawdown pursuant to the $3 million set aside under the second drawdown under the Convertible Loan.
Key Terms of the Convertible Loan
- Total facility size: Up to $10 million secured Convertible Loan, structured in multiple drawdowns.
- Drawdowns: The Initial Drawdown of $3 million closed on April 29, 2026. Half of the second drawdown of
up to $3 million is in the closing process and the remaining may be advanced to the Company prior to the date
falling 6 calendar months from the first drawdown closing and subject to mutual agreement. The remaining
$4 million will be available to be drawn by the Company in aggregate during the Convertible Loan term,
subject to mutual agreement between the Company and RiverFort and customary conditions set out in the
Convertible Loan agreement. - Term: Drawdowns under the Convertible Loan are available for a three-year term, with each drawdown
repayable over 18 months. Initial Drawdown maturity date is on October 29, 2027. - Interest: 12% per annum, payable in cash every 4 months. Default interest capped at 24%.
- Conversion: Half of the second drawdown would be convertible, at the option of the Lender, into units
composed of one common share of the Company and 0.3 of a warrant, at a conversion price of $0.196875 per
unit. If not converted before, 10% shall be repaid at the end of 6 months, 20% at the end of 12 months and
70% on maturity date in 18 months. The securities issued upon any conversion of the principal amount of the
Convertible Loan will be subject to the statutory four-month hold period in Canada. - Warrants: Each whole warrant issued in connection with half of the second drawdown of $3 million will be
exercisable to acquire one additional common share of CHARBONE, at a price per share of $0.236250, for a
period of 48 months, subject to a maximum of 5 years from the Convertible Loan closing date, April 29, 2026. - Security: Secured with a first ranking hypothec over the universality of all present and future movable
property of each of Charbone Hydrogène Québec Inc. (Sorel-Tracy project) and Charbone Hydrogen
Corporation. - An implementation fee of 5% of the drawdown will be paid in cash on closing of each drawdown.
The Company intends to close the $1.5 million drawdown shortly after receipt of the conditional acceptance of the
TSX Venture Exchange.
Use of Proceeds
The Convertible Loan is a key component of CHARBONE’s broader strategy to scale hydrogen production capacity
and expand its industrial gas platform across North America. The proceeds from the $1.5 million drawdown are
expected to be used to:
- Accelerate development timelines of the Company’s clean UHP hydrogen production plants
- Support capital expenditures and equipment deployment
- Provide general working capital to accelerate near-term growth initiatives
Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE, commented: “This drawdown
reflects the continued confidence RiverFort has placed in CHARBONE and our execution to date. The structured,
multi-tranche nature of this facility allows us to access growth capital in a disciplined way, aligned with our
operational milestones at Sorel-Tracy and across our industrial gases platform. Importantly, this is not a traditional
equity raise, but a convertible loan structure where there is no dilution to shareholders today. Minimizing dilution is
always our priority. We look first at non-dilutive and low-dilution structures including project-level financing,
equipment financing and strategic partnerships that are designed to accelerate our growth. We remain focused on
delivering value for our shareholders through operational performance.”
About RiverFort
RiverFort provides debt and equity-based capital to high-growth companies. As an international business operating from offices in London, Australia and Gibraltar along with a strong presence in Europe, and Canada, RiverFort has a multi-sector and global orientation. RiverFort prides itself in creating mutually beneficial partnerships between its alternative funding sources, including family office co-investors, and investee companies it believes in. The RiverFort team has executed in excess of US$15 billion of growth financing transactions.
Varennes, Quebec, August 27, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, is pleased to announce its second quarter 2026 financial and operational results for the six-month period ending June 30, 2026. CHARBONE will also be hosting a webinar on Monday, August 31st at 11:00am EDT which interested parties can register below.
In Q2 2026, gas income across CHARBONE’s hydrogen production plants and regional supply hubs for all industrial gases increased 155% to $0.5 million from $0.2 million for the prior three-month period ending March 31, 2026. Demand accelerated throughout Q2 2026, driving increased recurring revenues and new customers. CHARBONE continues to expand its full-stack platform, including the Phase 1B scale-up at Sorel-Tracy, following arrival of the second electrolyzer on site, along with distribution equipment deployed to support growing demand and expected future sales growth from new and existing customers.
Q2 2026 HIGHLIGHTS:
- Gas income increased 155% to $0.5 million in Q2 2026, compared to $0.2 million in Q1 2026.
- For the six months ended June 30, 2026, gas income increased 100% to $0.6 million, compared to $nil in the same period of 2025.
- General and administrative expenses remained disciplined in Q2 2026, with the Company continuing to improve its operating leverage relative to growing revenues.
- On April 29, 2026, the Company drew down $3 million as the first tranche of its new $10 million secured convertible loan facility, with additional optional drawdowns available during the term.
- As of June 30, 2026, property, plant and equipment assets increased by $3.5 million since December 31, 2025, reflecting ongoing investment in the Sorel-Tracy Phase 1B build-out and distribution infrastructure.
“Our platform is generating revenue across multiple gases and multiple markets, and we are excited about the momentum we are building. Across North America, we are expanding our footprint and delivering UHP, sustainable industrial gases to customers who depend on reliable regional supply. At the same time, we remain focused on operational performance and capital discipline. With the Phase 1B electrolyzer now on site at Sorel-Tracy, we are advancing commissioning on track for fall 2026. Our vision is quickly becoming a reality and we continue to execute on this growth for the long-term benefit of our shareholders,” said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE.
As of June 3, 2026, the Company’s corporate name was formally changed from Charbone Hydrogen Corporation to Charbone Corporation, reflecting its evolution into a full-spectrum industrial gases platform. Subsequent to Q2 2026, CHARBONE also expanded its dedicated helium delivery fleet from one unit to five following accelerated commercial demand, adding 22 new customers across Quebec and securing long-term supply commitments through 2028. On August 18, 2026, the Company announced the delivery of the Phase 1B electrolyzer to its Sorel-Tracy hydrogen production plant, marking the most significant physical milestone to date for the Phase 1B build-out. Commissioning is targeted for fall 2026.
Reminder: Charbone to Host Second Quarter Results and Corporate Update Webinar
CHARBONE invites all investors and other interested parties to register for the webinar at the link below. Management will be presenting an overview of its Q2 2026 results, recent operational achievements, and upcoming milestones. There will be an allotted time for Q&A. You may submit your question(s) beforehand in the registration form or live on the webinar platform.
Date: Monday, August 31, 2026
Time: 11:00am EDT
Register: https://info.rbmilestone.com/charbone-webinar-q2-2026
All currencies are reported in Canadian dollars.
The arrival of this strategic equipment marks a decisive step in the completion of Phase 1B and the deployment of increased clean Ultra-High-Purity hydrogen production capacity.
Varennes, Quebec, August 18, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, is pleased to announce the delivery of its electrolyzer to its flagship site in Sorel-Tracy, Québec.
The arrival of this essential equipment represents one of the most significant milestones achieved to date as part of Phase 1B of the project. It confirms tangible progress in CHARBONE’s development plan to increase its clean UHP hydrogen production capacity and meet growing demand from its industrial customers.
A Decisive Step Toward Increased Production Capacity
Designed to produce hydrogen through water electrolysis, the electrolyzer is the technological core of the next phase of production at the Sorel-Tracy site. Its delivery now enables CHARBONE’s teams, construction contractors and technical partners to begin the next steps involving its positioning, installation and integration into the Sorel-Tracy site infrastructure.
Civil engineering work and foundation preparation have been planned to accommodate the main production equipment. Activities will proceed in accordance with the Company’s execution schedule, including component assembly, mechanical and electrical connections, testing and commissioning.
This development is part of CHARBONE’s modular and phased strategy, which enables the Company to add production capacity in line with demand while maintaining a disciplined approach to its development.
“It is with immense pride that we announce the arrival of our electrolyzer in Sorel-Tracy today. This is far more than the delivery of a piece of equipment, it represents the achievement of a pivotal step in realizing our vision and one of the most important milestones in the Company’s history. The risks associated with delivery are now behind us,” said Dave Gagnon, President and CEO of CHARBONE. “This achievement also reflects the exceptional commitment of our employees, partners, suppliers and all stakeholders contributing to the development of our flagship site. We are now entering a new phase of execution that will strengthen our ability to serve our key customers and create sustainable value for our shareholders. Our previously communicated timeline of a fall launch remains on track, and we look forward to providing further updates as we advance through the next stages of commissioning and ramp-up.”
Varennes, Quebec, August 5, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, today announced that preliminary gas income for the three-month period ending June 30, 2026 is expected to increase 155% to $0.5 million from gas income of $0.2 million for the prior three-month period ending March 31, 2026. Gas income relates to revenues across CHARBONE’s hydrogen production and regional supply hubs for all industrial gases. The Company anticipates releasing full financial and operational results for the second quarter ending June 30, 2026, on Friday, August 28, 2026, after markets close at the latest. CHARBONE will also be hosting a webinar on Monday, August 31st at 11:00am EDT which interested parties can register below.
In Q2 2026, CHARBONE is expected to confirm multiple industrial gas sales growth from both the U.S. and Canadian markets such as clean UHP hydrogen sourced from the Company’s own Sorel-Tracy plant in Phase 1A, and UHP helium and UHP oxygen sourced through partners. Demand has accelerated throughout Q2 2026 and is expected to result in increased recurring revenues and new customers. In the meantime, CHARBONE continues to expand its full-stack platform including distribution equipment to support growing demand and expected future sales growth from new and existing customers.
PRELIMINARY Q2 2026 GAS INCOME HIGHLIGHTS:
Gas income is expected to increase 155% to $0.5 million in Q2 2026, compared to $0.2 million in Q1 2026.
In the first half of 2026 for the 6-month period year-to-date through to Q2 2026, gas income is expected to increase 100% to $0.6 million from gas income of $nil in the first half of 2025.
Operating expenses in Q2 2026 are expected to be relatively comparable to that of Q1 2026 with continuous performance improvements without significant changes.
“Our team at CHARBONE is incredibly proud of the momentum we have built over the last quarter, which underscores our unwavering focus on long-term value creation. Through our targeted efforts in North America, we are not only expanding our operational footprint but also reaffirming our promise to deliver impactful, high purity and sustainable gas results that benefit our shareholders and the broader community alike,” said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE.
Charbone to Host Second Quarter Results and Corporate Update Webinar
CHARBONE invites all investors and other interested parties to register for the webinar at the link below. Management will be presenting an overview of its Q2 2026 results, recent operational achievements, and upcoming milestones. There will be an allotted time for Q&A. You may submit your question(s) beforehand in the registration form or live on the webinar platform.
Date: Monday, August 31, 2026 Time: 11:00am EDT Register: https://info.rbmilestone.com/charbone-webinar-q2-2026
The above table shows the preliminary unaudited gas and other income for the periods noted. These figures are preliminary and unaudited, and actual revenues may differ. The final revenues may be subject to change and will be supplemented by the filing of interim financial statements and MD&A on SEDAR+.
IMPAQ IR contract
On July 16, 2026, CHARBONE announced its engagement of IMPAQ Capital Inc. (“IMPAQ”), an independent service provider, to deliver investor relations services. In connection with this engagement, the Company is providing the following update regarding the compensation granted to IMPAQ.
Stock options previously announced on June 22, 2026 (300,000 options at $0.15 per share, expiring June 22, 2028) were cancelled and regranted on July 13, 2026, under identical terms to aligned with the effective starting date of the agreement. IMPAQ has no interest, directly or indirectly, in CHARBONE or its securities, or any right or intent to acquire such an interest other than the options announced herein.
About CHARBONE CORPORATION
CHARBONE is a vertically integrated industrial gases company focused on developing and operating a network of supply hubs for the production, storage, and distribution of Ultra-High Purity (UHP) strategic industrial gases. The Company serves customers across sectors including semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense technologies, where UHP gases are critical for high-precision manufacturing processes and operational performance. CHARBONE is advancing a network of clean UHP hydrogen production facilities across North America and selected international markets. The Company’s modular, decentralized, and demand-driven approach, combined with its integrated storage and distribution platform for all UHP gases, supports scalable growth, enhances operational flexibility, and enables more stable and diversified revenue generation. This model allows CHARBONE to efficiently serve mid-tier industrial gas customers with a reliable supply of UHP gases, including hydrogen, helium, oxygen, and any others that are in high-demand gases that are often difficult to source. The Company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases, while addressing supply gaps for underserved industrial customers and accelerating the shift towards localized clean energy.
CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47).
For more information, please visit: www.charbone.com.
Forward-Looking Statements
This news release contains statements that are “forward-looking information” as defined under Canadian securities laws (“forward-looking statements”). These forward-looking statements are often identified by words such as “intends”, “anticipates”, “expects”, “believes”, “plans”, “likely”, or similar words.
Forward-looking statements in this news release include, without limitation, statements relating to: continued strength and momentum of the Company; the Company reporting revenue in line with the expectations outlined herein; the date and time of the release of the Company’s second quarter ended June 30, 2026, results and their webcast and conference to discuss the results thereof.
The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Financial Outlook
This press release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the Company’s forecasted revenue for the three and six-month periods ending June 30, 2026, and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading “Forward-Looking Statements” herein. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading “Forward-Looking Statements” herein, it should not be relied on as necessarily indicative of future results.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CHARBONE CORPORATION
PRESS RELEASE
CHARBONE Expands Helium Fleet to Five Units Following Accelerated Commercial Demand
Global helium supply shortages have enabled CHARBONE to grow its business faster in underserved markets.
Varennes, Quebec, July 16, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, today announced the expansion of its dedicated helium delivery fleet from one unit to five, enabling accelerated service to North American customers amid tightening global supply.
Recent geopolitical disruptions to Qatar’s Ras Laffan complex, historically responsible for approximately one-third of global helium supply, and the Strait of Hormuz effectively closed to Western shipping, export constraints have driven price volatility across North American markets. Reported helium spot prices have increased significantly, creating urgent demand for reliable domestic supply sources for sectors like semiconductor manufacturing and healthcare, among others.
CHARBONE’s helium division, launched in 2025, leverages the company’s vertically integrated infrastructure and decentralized production model. By establishing supply capability ahead of recent market disruptions, CHARBONE secured long-term customer commitments through 2028 that insulate North American operations from volatile international shipping dependencies.
Operational Scale and Market Penetration
The Company’s growth is reflected in its rapidly expanding customer base and logistics capacity:
Fleet Expansion: The dedicated helium trailer fleet increased from a single unit in Q4 2025 to five today, with the capacity to add five more within months. Customer Acquisition: 22 new helium customers were added across Quebec recently, spanning laboratories, advanced manufacturing, and technical services. Revenue Diversification: CHARBONE continues to deploy recurring revenue streams across UHP hydrogen, helium, and oxygen, supporting portfolio diversification.
“We were prepared to scale helium production well before recent supply disruptions materialized. With trailers on order and agreements in place, we’ve grown our dedicated helium fleet from one unit to five and remain positioned to add five more within months to meet this surge in demand,” said Patrick Cuddihy, Senior Vice-President of CHARBONE.
The shortage has also acted as a strategic market entry tool. Because industrial gas buyers are typically permitted to seek secondary suppliers when their primary providers cannot deliver, CHARBONE has captured market share from established competitors facing supply constraints. Management expects these new helium relationships to eventually facilitate cross-selling of hydrogen and oxygen products.
While CHARBONE’s helium division continues to benefit from the setback on production facilities in Qatar require rebuilding from drone and missel attacks in March 2026 and shipping constraints persist, CHARBONE remains in continuous commercial production at its Sorel-Tracy flagship hydrogen plant. With Phase 1B scale-up currently underway, the Company is focused on delivering sustained sales growth across its decentralized North American network.
A detailed article exploring CHARBONE’s helium operations and market positioning is available on social media. Investors and stakeholders are encouraged to review the full piece for additional context.
New IR contract
CHARBONE is also pleased to announce that it has engaged IMPAQ Capital Inc. (“IMPAQ”), an independent service provider, to deliver investor relations services. Based in Montréal, Québec, IMPAQ specializes in tailored outreach programs that strengthen visibility and engagement with qualified North American investment professionals.
The agreement is for an initial term of ten (10) months, effective July 13, 2026, and will automatically renew for successive three (3)-month periods unless terminated by the Company. IMPAQ will receive a monthly cash fee of $8,500. In addition, the Company has agreed to allocate to IMPAQ 300,000 of the already announced grant of stock options on June 23, 2026, at an exercise price of $0.15. 25% of the options will vest quarterly and be exercisable over a two-year period, subject to CHARBONE’s Omnibus Equity Plan, and standard vesting provisions.
IMPAQ’s Canada-focused expertise with French and English speaking representatives combined with CHARBONE’s previously disclosed existing US-based investor relations firm, RB Milestone Group, the Company is well positioned to continue strengthening its footprint with North American investor communities.
About CHARBONE CORPORATION
CHARBONE is a vertically integrated industrial gases company focused on developing and operating a network of supply hubs for the production, storage, and distribution of Ultra-High Purity (UHP) strategic industrial gases. The Company serves customers across sectors including semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense technologies, where UHP gases are critical for high-precision manufacturing processes and operational performance. CHARBONE is advancing a network of clean UHP hydrogen production facilities across North America and selected international markets. The Company’s modular, decentralized, and demand-driven approach, combined with its integrated storage and distribution platform for all UHP gases, supports scalable growth, enhances operational flexibility, and enables more stable and diversified revenue generation. This model allows CHARBONE to efficiently serve mid-tier industrial gas customers with a reliable supply of UHP gases, including hydrogen, helium, oxygen, and any others that are in high-demand gases that are often difficult to source. The Company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases, while addressing supply gaps for underserved industrial customers and accelerating the shift towards localized clean energy. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit: www.charbone.com.
Forward-Looking Statements
This news release contains statements that are “forward-looking information” as defined under Canadian securities laws (“forward-looking statements”). These forward-looking statements are often identified by words such as “intends”, “anticipates”, “expects”, “believes”, “plans”, “likely”, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
CHARBONE CORPORATION
PRESS RELEASE
CHARBONE Announces Updates on Sorel-Tracy Phase 1B and Metrology Equipment Installation
The CHARBONE team announced Phase 1B onsite construction progress at its Sorel-Tracy flagship, preparing for equipment deliveries and the start of higher capacity production
Varennes, Quebec, July 7, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, is pleased to announce important updates concerning its Phase 1B construction, with the goal of making its upgraded production capacity operational during the upcoming fall. We are also announcing a vital component for the on-site batch purity testing of its clean UHP hydrogen that has been successfully received and installed at its plant.
Phase 1B Civil Construction Underway
Heavy civil construction equipment has arrived on-site, and CHARBONE’s general contractor and subcontractor teams have begun work. Surveyors have finished all necessary site markings for the construction of production areas in preparation for the arrival of production equipment in the upcoming weeks and construction of the operation and maintenance building.
This critical juncture signifies the official initiation of the Phase 1B construction stage for CHARBONE’s clean UHP hydrogen plant located in Quebec. The tasks involved in this endeavor encompass the comprehensive readying of the technological infrastructure and the placement of the foundational structures required for the subsequent assembly of the primary equipment.
Metrology Equipment
A cutting-edge gas chromatography system has been deployed by a world-renowned firm. This organization, a leader in life sciences, diagnostics, and applied markets, is recognized for its unwavering commitment to integrity across all its endeavors. The system has been specifically engineered for high-purity hydrogen analysis. Its function is to identify traces of impurities and to guarantee purity gas compliance and quality with relevant standards. As a result, CHARBONE’s stringent purity benchmarks will become easily accessible, aiming to enhance sales among customers who require effective testing solutions.
Management statement
“Our upgraded operations in Sorel-Tracy, Quebec, Canada, represent another cornerstone of our strategic growth and our commitment toward our shareholders and customers to a world class unique plant in its kind,” said Dave Gagnon, Chairman & Chief Executive Officer of CHARBONE. “We are proud to be a leader in high purity gases, fostering innovation and creating opportunities as we expand our sustainable practices.”
About CHARBONE CORPORATION
CHARBONE is a vertically integrated industrial gases company focused on developing and operating a network of supply hubs for the production, storage, and distribution of Ultra-High Purity (UHP) strategic industrial gases. The Company serves customers across sectors including semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense technologies, where UHP gases are critical for high-precision manufacturing processes and operational performance. CHARBONE is advancing a network of clean UHP hydrogen production facilities across North America and selected international markets. The Company’s modular, decentralized, and demand-driven approach, combined with its integrated storage and distribution platform for all UHP gases, supports scalable growth, enhances operational flexibility, and enables more stable and diversified revenue generation. This model allows CHARBONE to efficiently serve mid-tier industrial gas customers with a reliable supply of UHP gases, including hydrogen, helium, oxygen, and any others that are in high-demand gases that are often difficult to source. The Company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases, while addressing supply gaps for underserved industrial customers and accelerating the shift towards localized clean energy. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit: www.charbone.com.
Forward-Looking Statements
This news release contains statements that are “forward-looking information” as defined under Canadian securities laws (“forward-looking statements”). These forward-looking statements are often identified by words such as “intends”, “anticipates”, “expects”, “believes”, “plans”, “likely”, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
CHARBONE CORPORATION
PRESS RELEASE
CHARBONE Announces Annual General and Extraordinary Meeting of Shareholders’ Results and Grants Equity Awards
Varennes, Quebec, June 23, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, is pleased to announce that it held its Annual General and Extraordinary Meeting of Shareholders (the “Meeting”) on June 18, 2026 and that the Company’s shareholders approved all proposed resolutions:
- to elect the directors of the Company, namely, Dave B. Gagnon, Denis Crevier, Frédéric Lecoq, François Vitez, André Halley, Jean-Claude Gonneau and Gregory Fourel, who will serve until the next annual meeting of shareholders or until their successors are elected or appointed;
- to appoint RICHTER LLP as the external auditor of the Company and to authorize the directors of the Company to set its compensation; and
- to confirm the new omnibus equity incentive plan of the Company without changes and included in the circular that has been sent to shareholders and published on SEDAR+. The board of directors determined that it is desirable to have a wide range of incentive awards, including stock options (“Options”), restricted share units (“RSUs”), performance share units (“PSUs”), and deferred share units (“DSUs”) (collectively, the “Awards”) to attract, retain and motivate employees, directors, executive officers and consultants of the Company.
“The year 2026 marks a pivotal year for our company. After several years of development, construction, and preparation, we have now entered a phase of execution, commercialization, and growth. We have achieved significant milestones and continue to lay the foundations for a company that aspires to become a major player in strategic industrial gases,” said Dave Gagnon, Chairman & Chief Executive Officer of CHARBONE. “I would also like to recognize the exceptional work of our team. No company succeeds alone. Behind every achievement are dedicated men and women from diverse nationalities who work tirelessly every day to transform our vision into reality, safely.”
Granting of Equity Incentives
CHARBONE is also pleased to announce the grant of certain equity-based Awards under its omnibus incentive plan. The Board has granted annual equity-based incentives to its employees, consultants, directors and officers. The following incentives were granted:
- Options: a total of 700,000 Options were issued to employees and consultants at an exercise price of $0.15 and expiring after 2 years. The Options vest immediately.
- DSUs: a total of 2,960,000 DSUs were issued to members of the board of directors. DSUs vest one year after the grant date, subject to certain exceptions.
- RSUs: A total of 3,500,000 RSUs have been issued to the executive officers of the Corporation. The RSUs vest one year after the grant date and can be settled no later than 3 years after grant date.
About CHARBONE CORPORATION
CHARBONE is a vertically integrated industrial gases company focused on developing and operating a network of supply hubs for the production, storage, and distribution of Ultra-High Purity (UHP) strategic industrial gases. The Company serves customers across sectors including semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense technologies, where UHP gases are critical for high-precision manufacturing processes and operational performance. CHARBONE is advancing a network of clean UHP hydrogen production facilities across North America and selected international markets. The Company’s modular, decentralized, and demand-driven approach, combined with its integrated storage and distribution platform for all UHP gases, supports scalable growth, enhances operational flexibility, and enables more stable and diversified revenue generation. This model allows CHARBONE to efficiently serve mid-tier industrial gas customers with a reliable supply of UHP gases, including hydrogen, helium, oxygen, and any others that are in high-demand gases that are often difficult to source. The Company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases, while addressing supply gaps for underserved industrial customers and accelerating the shift towards localized clean energy. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit: www.charbone.com.
Forward-Looking Statements
This news release contains statements that are “forward-looking information” as defined under Canadian securities laws (“forward-looking statements”). These forward-looking statements are often identified by words such as “intends”, “anticipates”, “expects”, “believes”, “plans”, “likely”, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
