Brossard, Quebec, December 1, 2025 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, is pleased to announce the successful completion of equipment installation for Phase 1A at its Sorel-Tracy site and, in accordance with the announced schedule, the production of its first hydrogen molecule.
During the last weekend of November, CHARBONE’s technical teams conducted the first hydrogen production tests, following the commissioning of the company’s first local clean UHP hydrogen production module in Quebec. The initial results confirm the system is properly functioning, validating the initial performance parameters.
Management Statement
“The completion of the Phase 1A installation and the successful completion of the first hydrogen production tests are key milestones for CHARBONE,” said Dave B. Gagnon, CEO of CHARBONE. “These accomplishments demonstrate our teams’ ability to execute rigorously. We are now entering the commercial production phase.”
The first clean UHP hydrogen project in Quebec and a model for North America
The modular plant in Sorel-Tracy represents the first local and decentralized clean UHP hydrogen production facility in Quebec, in line with CHARBONE’s vision of building an integrated North American network for the production and distribution of clean and strategic gases. For more information on the Company’s five-phase roadmap, the modular configuration of the plant, and its economic outlook, please review the investor presentation available on CHARBONE’s website.
About CHARBONE CORPORATION
CHARBONE is a developer and producer of clean Ultra High Purity (UHP) hydrogen with a growing industrial gas distribution platform. Through a modular approach, CHARBONE is focused on developing a network of clean hydrogen production facilities throughout North America and select markets abroad, starting with its flagship Sorel-Tracy project in Quebec. The Company’s integrated model reduces risk, enhances scalability, and enables diversified revenue streams through partnerships in helium and other specialty gases. CHARBONE is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gas solutions while supporting underserved industrial gas customers and accelerating the shift to 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.sedar.com; 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.
Brossard, Quebec, November 28, 2025 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, today announces its financial and operational results for the three and nine-month periods ending September 30, 2025.
Construction of the Sorel-Tracy facility Phase 1A is completed. All components are installed and connected on-site and commissioning testing in progress, remaining on track to start production of first hydrogen molecule in the coming days.
Q3 2025 HIGHLIGHTS:
Net operating loss decreased by 17% to $577,159 in the 3-months period ending September 30, 2025, down from $697,894 in Q2 2025 (activities still tightening general and administrative expenses).
Recognition of revenues following the advancement of activities from the Master Collaborative Agreement to support the deployment of a Malaysian green hydrogen project development announced in Q2 2025.
On September 30, 2025, the Company issued new secured convertible debentures to replace previous convertible debentures and with an additional amount of $303,634 for a total of $2,050,000. The replacement debentures are bearing monthly interests at a 12% annual rate, convertible at $0.07 per share and maturing in one year.
The Company has closed a private placement of $1,012,980 ($551,000 in October 2025), units for debt settlement of $1,776,827 ($503,125 in October 2025), shares for the management debt settlement of $310,000 and exercises of warrants totalling $657,672 ($452,345 in Q3 2024).
Following the signature of an Asset Purchase Agreement with Harnois Énergies Inc., CHARBONE has completed the acquisition and reinstallation at its Sorel-Tracy site of the operational hydrogen production and refueling equipment. On October 6, 2025, the Company has issued 13,333,334 common shares at $0.075 per share, representing $1 million in equity consideration to Harnois Énergies Inc. as a part of the payment of the acquisition transaction.
The Company announced it has executed an offtake agreement with a US Tier One industrial gases producer to expand its offerings to customers and made its first delivery of helium in October 2025, starting its revenues generation from distribution of industrial gases.
CHARBONE’s disciplined financial management, and new strategic partnerships position the company to achieve its vision of becoming a North American leader in clean UHP hydrogen and industrial gases distribution networks. These advancements underscore its commitment to being a game-changer in the energy transition.
Management is motivated to keep working on structuring deals to finance further project investments and expansion,” said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE. “CHARBONE is moving into execution mode to unlock its strong growth potential.
About CHARBONE CORPORATION
CHARBONE is a developer and producer of clean Ultra High Purity (UHP) hydrogen with a growing industrial gas distribution platform. Through a modular approach, CHARBONE is focused on developing a network of clean hydrogen production facilities throughout North America and select markets abroad, starting with its flagship Sorel-Tracy project in Quebec. The Company’s integrated model reduces risk, enhances scalability, and enables diversified revenue streams through partnerships in helium and other specialty gases. CHARBONE is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gas solutions while supporting underserved industrial gas customers and accelerating the shift to 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.sedar.com; 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.
Brossard, Quebec, November 12, 2025 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, is pleased to confirm that the construction schedule at its Sorel-Tracy site remains fully on track, with the equipment installation phase set to begin in the coming days.
The civil construction works, which began on October 27, 2025, are now completed, including foundation preparation and all required technical infrastructure for the reassembly of the main production systems. All major components delivered in October will be installed on-site before the end of the month, keeping the project on pace for the planned commissioning in November 2025 of Phase 1a.
“The fact that our schedule remains perfectly on track reflects the efficiency and dedication of our teams, along with the exceptional collaboration of our technical and municipal partners,” said Dave B. Gagnon, CEO of CHARBONE. “We are now entering the most tangible phase of the project — the installation of the equipment — marking the transition toward testing and commissioning of our first clean UHP hydrogen production module in Quebec.”
The Sorel-Tracy site represents CHARBONE’s first local and modular clean hydrogen production facility in Quebec, aligning with the Company’s broader vision to develop a decentralized North American network for the production and distribution of clean and strategic industrial gases. For more information on the Company’s 5 phased approach and economics for CHARBONE’s modular facility, please see the latest investor presentation on the Company’s website.
About CHARBONE CORPORATION
CHARBONE is an integrated company specializing in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific. Through a modular approach, the Company is building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility, and positions CHARBONE as a leader in the transition to a low-carbon future. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). 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.sedar.com; 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.
Brossard, Quebec, October 31, 2025 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, is pleased to announce that the Company has retained the US-based corporate communications firm, RB Milestone Group LLC (“RBMG”), to provide investor relations services including corporate communications advisory, non-deal roadshow advisory, market intelligence advisory, and business referrals to the management team of the Company. RBMG has been retained for an initial term of 6-months starting October 20, 2025, paid in cash totalling US$59,500 and billed on a monthly basis. Following the first 6-months, the agreement auto renews on a monthly basis until termination. RBMG is at arm’s length to the Company. The agreement is subject to regulatory approval.
Dave B. Gagnon, CEO of CHARBONE, commented: “We are very pleased to welcome the RBMG team as a key addition to our communications and investor relations strategy in the United States and Canada. Their proven expertise in capital markets, corporate visibility, and strategic advisory will play a vital role as CHARBONE enters its next phase of growth and expansion across North America. This collaboration reinforces our commitment to transparency, shareholder engagement, and long-term value creation.“
About RB Milestone Group LLC
Founded in 2009, RB Milestone Group LLC (“RBMG”) is a US-based corporate communications firm that specializes in investor relations advisory and has offices in New York City and Stamford, Connecticut. RBMG’s US advisory practice delivers investor relations programs tailor-made for emerging companies that are private and publicly traded on the NYSE, NASDAQ, OTCQB, OTCQX, TSX, TSXV, CSE, ASX and AIM. RBMG refines communications strategies, weighs data and advises clients on how to penetrate new markets. It helps clients target and secure relationships with niche US stakeholders and key industry strategics globally. Utilizing digital techniques, artificial intelligence (AI) and machine learning, RBMG has developed methods that improve traditional client IR initiatives to maximize ROI. RBMG partners with clients across a wide range of industry segments, including: Cannabis, Cleantech, Consumer Goods, Crypto, Fintech, Healthcare, Metals & Mining, Professional Services, Renewable Energy, and Technology. To learn more about RBMG please visit: www.rbmilestone.com.
Updated Terms of Shares-for-Debt Settlement
CHARBONE announces an update to its previously disclosed shares-for-debt settlement dated August 14, 2025. Following discussion with the TSX Venture Exchange, including a review of the restrictions imposed upon shares for debt transactions in the context of market making services, the Company has revised the total amount and number of shares to be issued under the settlement. Under the revised terms, CHARBONE will settle $30,000 of the original $118,095 payable to an arm’s-length market maker through the issuance of common shares. The Company successfully negotiated that the remaining balance will be reduced by the value of the shares at the current market price. Upon closing, CHARBONE will issue 500,000 common shares. The settlement will be documented in a formal agreement and remains subject to final approval by the TSX Venture Exchange. The common shares issued will be subject to the statutory four-month hold period.
About CHARBONE CORPORATION
CHARBONE is an integrated company specializing in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific. Through a modular approach, the Company is building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility, and positions CHARBONE as a leader in the transition to a low-carbon future. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). 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.sedar.com; 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.
Brossard, Quebec, October 23, 2025 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, announces generation of revenues with the first delivery of 161,000 cubic feet of helium to an independent distributor in the Greater Toronto Area (GTA). This milestone marks the launch of CHARBONE’s Helium Division and its integration into the North American specialty industrial gases supply chain.
The delivery was completed using a newly commissioned Type 1 tube trailer dedicated to helium, underscoring CHARBONE’s commitment to logistics reliability and the security of ultra-high-purity gas supply.
Concurrently, CHARBONE entered into a three (3)-year supply agreement with the independent distributor, ensuring a reliable supply of several million cubic feet of helium to the Ontario market. The agreement is a strategic step in diversifying CHARBONE’s product portfolio, which includes hydrogen, helium and other value-added gases.
“This first delivery to the GTA demonstrates CHARBONE’s ability to expand alongside our hydrogen platform and meet growing Canadian demand for specialty gases,” said Dave B. Gagnon, CEO of CHARBONE. “We aim to provide a strong new alternative for independent distributors across Canada.”
According to projections, the global helium market is expected to grow by USD 2 billion between 2024 and 2030, representing an average annual growth rate of 6.7%.
About CHARBONE CORPORATION
CHARBONE is an integrated company specializing in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific. Through a modular approach, the Company is building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility, and positions CHARBONE as a leader in the transition to a low-carbon future. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). 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.sedar.com; 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.
Brossard, Quebec, October 20, 2025 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, is pleased to announce the conclusion of a strategic alliance and multiple commercial supply agreements with a major U.S. producer and distributor of industrial gases headquartered in USA, a subsidiary of a member of one of the world’s largest chemical and industrial conglomerates.
This alliance will enable CHARBONE to expand its product offering by adding high-value gases—most notably helium—while strengthening its positioning in the North American markets for low-carbon and ultra-high-purity gases. Through this collaboration, CHARBONE enhances its operational flexibility, optimizes the use of its logistics and transport assets, and establishes strategic synergies with a globally recognized partner.
This partnership represents a major milestone in CHARBONE’s long-term growth strategy, which aims to diversify its revenue streams and consolidate its footprint in the Canadian market. By joining forces, CHARBONE will be better positioned to meet the growing demand from a wide range of industrial clients— including gas distributors, semiconductor and data-center industries, as well as the energy, petrochemical, and refining sectors—while contributing to the strengthening of North America’s supply chain resilience in specialty gases.
According to projections, the global industrial gas market is expected to grow by USD 31.1 billion between 2024 and 2029, representing an average annual growth rate of 5.7%.
“This partnership with a global leader in the sector, represents a strategic advancement for CHARBONE,” said Dave B. Gagnon, CEO of CHARBONE. “It reinforces our leadership in hydrogen and accelerates our diversification into new markets—particularly helium in Canada. This collaboration embodies our disciplined approach to growth: relying on world-class partners to minimize risk, maximize opportunity, and build a solid, sustainable platform for the production and distribution of industrial gases in Canada.”
About CHARBONE CORPORATION
CHARBONE is an integrated company specializing in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific. Through a modular approach, the Company is building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility, and positions CHARBONE as a leader in the transition to a low-carbon future. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). 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.sedar.com; 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.
Brossard, Quebec, October 17, 2025 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, is pleased to announce the closing of Units for debt settlements amounting to $503,125 with a strategic partner for the Sorel-Tracy plant’s construction.
The Company has settled $503,125 of payables with an arm’s-length supplier through the issuance of units. Each unit offered, priced at $0.12 per Unit, comprised one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.14 for 12 months following the closing date. A total of 4,192,708 Units will be issued at the closing, at a conversion price per Unit of $0.12. The Company believes that settling its payables through the issuance of securities is appropriate to advance production of its Sorel-Tracy project and to manage its cash prudently. A formal agreement will reflect any debt settlement and will be subject to the approval of the TSX Venture Exchange. Any securities issued pursuant to a debt settlement will be subject to a statutory four-month hold period in Canada.
About CHARBONE CORPORATION
CHARBONE is an integrated company specializing in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific. Through a modular approach, the Company is building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility, and positions CHARBONE as a leader in the transition to a low-carbon future. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). 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.sedar.com; 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.
Brossard, Quebec, October 14, 2025 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, announces a significant commercial milestone: the signing of a five-year hydrogen supply agreement with an Ontario-based independent distributor for regular deliveries of clean UHP hydrogen.
Key Highlights:
Long-Term Contract – Five-year term with an Ontario distributor, providing a stable and recurring demand of CHARBONE’s clean UHP hydrogen.
First Deliveries in November – Initial deliveries slated for November 2025, utilizing a newly commissioned Type 1 hydrogen tube trailer fully certified by Transport Canada and the Technical Standards and Safety Authority (TSSA) for operation in Ontario.
Operational Readiness – CHARBONE’s transportation subsidiary achieved full regulatory and safety compliance within just eight months, meeting Canada’s strict hydrogen handling standards and ensuring a “Safety First” approach to distribution.
Strategic Expansion – This contract marks CHARBONE’s entry into the Ontario market, a rapidly growing region for clean UHP hydrogen. It reinforces the Company’s presence in Eastern Canada and positions CHARBONE for further growth in the clean energy sector.
“This five-year contract demonstrates that CHARBONE can build a trusted, compliant, and secure hydrogen supply network, positioning us for further expansion,” said Dave B. Gagnon, CEO of CHARBONE. “Ontario is a strategic market for us, and this achievement underscores our long-term commitment to serve industrial and specialty gas distributors with the highest levels of quality and reliability.”
Over the past eight months, CHARBONE’s wholly owned transportation subsidiary, CHARBONE Systems Inc., completed all necessary engineering, regulatory, and safety processes to operate under Canada’s strict standards for clean UHP hydrogen handling. This achievement not only underscores the Company’s “Safety First” commitment and operational excellence in its logistics chain but also
paves the way for reliable commercial deliveries under the new agreement.
About CHARBONE CORPORATION
CHARBONE is an integrated company specializing in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific. Through a modular approach, the Company is building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility, and positions CHARBONE as a leader in the transition to a low-carbon future. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). 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.sedar.com; 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.
Brossard, Quebec, October 9, 2025 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a company dedicated to building a North America’s first clean Ultra High Purity (“UHP”) hydrogen production and distribution network, is pleased to announce that it has successfully completed the dismantling of the hydrogen production assets acquired in Quebec City and that the main components of this equipment have now arrived in Sorel-Tracy.
This milestone marks a major step forward in the schedule for commissioning CHARBONE’s first clean UHP hydrogen production unit, which is still scheduled to start up in November 2025.
“We are proud to have completed this crucial logistical milestone on time,” said Dave B. Gagnon, CEO of CHARBONE. “The transfer of this strategic equipment to our Sorel-Tracy site brings us closer to the first production of clean UHP hydrogen in Quebec, while optimizing our investments through the reuse of proven assets.”
The dismantling and transport operations were successfully carried out by CHARBONE’s technical teams and their specialized partners, ensuring the complete preservation of the integrity of the modules and systems. The company plans to begin reintegration and connection work at the Sorel-Tracy site in the coming weeks.
This transaction stems from the strategic transaction announced on September 5, 2025, through which CHARBONE secured hydrogen production and refueling assets. In addition to accelerating time to market, this acquisition allows CHARBONE to significantly reduce its capital costs and benefit from already operational and proven equipment.
“We would like to thank our partners, suppliers and internal teams for the quality of their work and their commitment,” added Dave B. Gagnon, CEO of CHARBONE. “CHARBONE’s vision of building a modular clean UHP hydrogen production network in North America is becoming more tangible and concrete every day.”
About CHARBONE HYDROGEN CORPORATION
CHARBONE is an integrated company specializing in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific. Through a modular approach, the Company is building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility, and positions CHARBONE as a leader in the transition to a low-carbon future. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). 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.sedar.com; 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.
Brossard, Quebec, October 7, 2025 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a company dedicated to building a North America’s first clean Ultra High Purity (“UHP”) hydrogen production and distribution network, is pleased to announce that it has officially taken possession of hydrogen production and refuelling assets from Harnois Énergies Inc. (“Harnois”).
This strategic transaction will enable CHARBONE to rapidly relocate and repurpose proven hydrogen production equipment at its flagship Sorel-Tracy facility, allowing for the first production of clean UHP hydrogen by early Q4 2025. By utilizing proven, already operational assets, CHARBONE expects to significantly reduce capital installation costs and accelerate time-to-market compared to deploying new systems.
Further to CHARBONE’s announcement made on September 5, 2025, under the terms of the agreement, CHARBONE has issued 13,333,334 common shares at $0.075 per share, representing $1 million in equity consideration to Harnois. Additional cash payments will be made in staged tranches over two years, preserving capital for growth initiatives.
Importantly, Harnois elected to receive a substantial portion of the consideration in CHARBONE equity at market value. This decision underscores Harnois’ recognition of the strategic long-term benefits of aligning with CHARBONE as Quebec’s leading clean UHP hydrogen supplier, while Harnois continues to focus on its core energy distribution businesses.
“This is a transformative moment for CHARBONE,” said Dave B. Gagnon, CEO of CHARBONE. “With these assets, we will begin producing clean UHP hydrogen in Sorel-Tracy much sooner than anticipated, while optimizing capital efficiency. We are proud to welcome Harnois as a shareholder in the capital of CHARBONE.”
About CHARBONE HYDROGEN CORPORATION
CHARBONE is an integrated company specializing in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific. Through a modular approach, the Company is building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility, and positions CHARBONE as a leader in the transition to a low-carbon future. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). 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.sedar.com; 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.