Brossard, Quebec, May 1, 2025 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s sole publicly traded pure-play company specializing in green hydrogen production and distribution, is pleased to announce the signing, made earlier today, of a non-binding term sheet for up to USD 50 million construction capital facility with an international specialized renewable energy infrastructure fund manager for a 6-months term. More details of this project financing credit facility will be communicated in the next 30 days.
“Signing this term sheet for a Construction Capital Facility of 50 million USD is a determining moment for CHARBONE and all of its stakeholders,” said Dave Gagnon, President and CEO of Charbone. He continued, “Going forward, CHARBONE expects to add this construction financing to its other sources of financing to better support its entire deployment strategy.”
About CHARBONE Hydrogen Corporation
CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America’s only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, 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, March 31, 2025 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s sole publicly traded pure-play company specialized in green hydrogen production and distribution, is pleased to announce the execution of Commercial Supply Agreements (the “CSA’s”) with a US Tier 1 industrial gases producer and distributor. The first CSA is enabling CHARBONE to have access to certain volumes of hydrogen in advance of its own forth coming hydrogen production. The second CSA is further allowing CHARBONE to expand its product offerings to provide its own customers with a variety of other gases, such as helium and other complementary industrial gas products to hydrogen.
CHARBONE has been closely monitoring the evolution of the North American geopolitical and economic situation and is now ready to seize multiple new North American opportunities with complementary products, particularly in Canada. CHARBONE has gained an early-mover advantage through its market knowledge and is demonstrating its agility, resilience, and adaptability to develop partnerships and commercial synergies in the low carbon intensity and high purity hydrogen that CHARBONE will be also producing.
CHARBONE’s mission and vision remain focused on deploying its 16 production plants across Canada and the U.S., including the construction of the Sorel-Tracy flagship project, which is set to begin green hydrogen production in the first half of 2025. The execution of a supply agreements with one of the largest Tier 1 industrial gas producers in the U.S. for the bulk supply of hydrogen and other industrial gases will allow CHARBONE to diversify its revenue streams and increase the usages of its logistics and transportation capabilities to better address the growing demand from its existing customers, serve a larger customer base, and support its new partner in addressing the Canadian market. The world industrial gas market is projected to grow by USD 31.1 billion during 2024-2029, accelerating at a CAGR of 5.7% throughout the forecast period.
CHARBONE enhances its offerings to serve a larger industrial customer base, including, industrial gas distributors, semiconductor, data centre, natural gas, petrochemical, and refinery/oil industries, reinforcing its operational robustness and reliability as the preferred supplier to tackle the current market’s scarcity of dependable options.
“The CHARBONE management team exhibits remarkable adaptability and agility in responding to rapid market changes. This enhancement to our offerings will solidify and bolster our position as a market leader in hydrogen while leveraging an existing and underserved market, especially in Canada,” stated Dave Gagnon, CEO of CHARBONE. “Our new partnership and commercial agreements with a US Tier 1 market leader, provides Charbone fresh diversification opportunities.
This collaboration reinforces our leadership in the hydrogen market while generating new revenue streams. Our innovative business model boosts investor confidence by minimizing risk and maximizing growth potential.”
About CHARBONE Hydrogen Corporation
CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America’s only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, 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.
Collaboration sets ABB as preferred supplier of modular and standard electrical substations, with future scope for automation solutions
Agreement will enable Charbone to progress green hydrogen production in both Canada and the United States
Supports the Québec government’s 2030 energy roadmap to reduce consumption of petroleum products by one billion liters per year
Brossard, Quebec, March 13, 2025 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is thrilled to announce the signing of a Memorandum of Understanding (MoU) agreement with ABB to collaborate on the development of up to 15 modular and scalable green hydrogen production facilities across North America over the next five years, providing a clean fuel source for existing hydrogen users and heavy industrial processes such as steelmaking, which currently use grey hydrogen as an energy source.
The MoU scope positions ABB as the preferred supplier for the design, engineering, fabrication, testing and supply of modular and standard electrical substations (eHouses) for the interconnection between production facilities and local utilities. ABB will support CHARBONE standardizing basic engineering for systems and components across its project portfolio, to increase energy efficiency and reliability. Future scope may also see ABB operate as the main automation, electrification and telecom contractor depending on project requirements.
Among the sites covered by the collaboration is CHARBONE’s flagship Sorel-Tracy facility near Montreal in Québec, Canada. The facility is expected to be connected to the Hydro-Québec grid by the end of quarter two in 2025, using hydro electricity to power green hydrogen electrolyzers. The plant will create a blueprint for the design and engineering of modular and scalable equipment for other sites being developed by Charbone. The next project to get underway will be in the greater Detroit area in the USA, which is the manufacturing base for major automotive companies.
“This strategic collaboration with ABB is a strong and significant signal about our proposition for the North American green hydrogen market,” said Daniel Charette, Chief Operating Officer of CHARBONE. “With the Sorel-Tracy project moving quickly to on-site activities and the capabilities of plug and play modular approach to get production starting in a minimal number of weeks, Charbone will support the decarbonization of industry.”
Government du Québec has developed a localized Green Hydrogen and Bioenergy Strategy to support the deployment of hydrogen and bioenergy to power industrial sectors such as transportation, primary metals and chemicals. It identifies green hydrogen and bioenergy as having the potential to reduce Québec’s consumption of petroleum products by nearly one billion liters a year by 2030. This could cut the region’s greenhouse gas emissions by four megatons of carbon dioxide a year – the equivalent of removing 1.2 million gasoline-powered vehicles from the roads.
“Green hydrogen has an important role to play in the transition towards a low carbon energy future,” said Per Erik Holsten, President of ABB Energy Industries. “We are proud to collaborate with Charbone on its strategy to develop and grow green hydrogen production facilities across North America, enabling an important sector to scale and supporting industries to outrun leaner and cleaner.”
In addition to the MoU, Charbone will acquire ABB’s Extended Operator Workplace (EOW) system for all the planned facilities and a main operator workplace to monitor all the facilities in North America from CHARBONE’s headquarters. The EOWs – the first to be installed in green hydrogen production plants in North America – will enhance production and reduce downtime via 24/7 monitoring from local and remote-control centers.
Global hydrogen demand, largely concentrated in the refining and chemical sectors, reached 97 megatons (Mt) in 2023, representing an increase of 2.5 percent year on year. Low-emissions hydrogen production was less than 1 Mt, but it could reach 49 Mtpa by 2030 based on announced projects.
About CHARBONE Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on CHARBONE Hydrogen and its projects, please visit www.charbone.com.
About ABB
ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.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, Québec, February 12, 2025 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce the nomination of Mr. Jean-Claude Gonneau as a new Board member of Charbone, who will be elected at the Annual General and Extraordinary Meeting of Shareholders on March 28, 2025.
Mr. Jean-Claude Gonneau is a seasoned executive and senior advisor with over 40 years of relevant experience. He has held key management and investment banking roles as the Founder and General Manager of Camden Associates, an award-winning investment banking boutique. Mr. Gonneau is a high-performing leader and a proven executive, specializing in developing and executing corporate and business development strategies in banking and investment banking, particularly in technology, Greentech, and biotech, as well as non-conventional energy and mining. He possesses extensive international experience, having worked at Duet Asset Management, SG Cowen, Donaldson Lufkin & Jenrette, First Boston Corporation, and BNP Paribas. Additionally, Mr. Gonneau is an excellent communicator with strong interpersonal and leadership skills. He has a successful track record in new business development, market development, strategic planning, fundraising, and executive marketing roles, and he has experience with start-ups, turnaround situations, and corporate strategy development.
Mr. Gonneau has also served as a board member for several publicly traded and private companies in Canada, the United States, and France.
As a seasoned senior executive and board member, Mr. Gonneau will provide exceptional complementary experience to the Board of CHARBONE.
Shares for Debts Issuance
CHARBONE is pleased to announce shares for debt settlements totaling $310,000 in management remuneration debts, including that of the Chief Executive Officer, through the issuance of 4,133,334 common shares at a deemed value of $0.075 per share.
To conserve its capital, the Corporation entered into debt settlement agreements with certain management members, including its Chief Executive Officer, to address remuneration debts. Any debt settlement will be formalized through an agreement and in accordance with Policy 4.4 – Security Based Compensation of the Exchange Corporate Finance Manual. The Shares for Debt are subject to acceptance by the Exchange and require disinterested shareholder approval, as the deemed value of the Common Shares to be issued exceeds $10,000 in aggregate per month. Any securities issued as part of a debt settlement will be subject to a statutory four-month hold period in Canada.
Update on the Amendment to Terms of Convertible Debentures
Following its news release dated June 10, 2024, announcing the agreement of principles to amend certain terms of the secured convertible debentures of the Company (each, a “Debenture”) originally issued in connection with a private placement totaling CA$1.2 million of 14% secured convertible debentures, and its release dated December 4, 2024, confirming that all requirements have been met, the Company is now pleased to announce receipt of the final approval from the TSX Venture Exchange. It has amended and issued new Debentures as of January 29, 2024, for an aggregate amount of $1,346,366, which will expire on October 31, 2025, featuring an annual interest rate of 12% and a conversion price of $0.10 per Debenture Share. Before the amendment, the expiry date was on October 7, 2024, the annual interest rate at 14% and the conversion price at $0.40 per Debenture Share.
Following the Exchange’s approval of the transaction, CHARBONE has issued 1,346,366 warrants to the Debenture holders. Each warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.10 on or before October 31, 2025.
Grant of Common Share Purchase Options
CHARBONE is pleased to announce the grant of 5,200,000 common share purchase options of CHARBONE (“Options”) to directors and executives. These options are granted in accordance with the conditions of the CHARBONE stock option plan. Each Option allows its holder to purchase one common share of the Company for $0.15 per share for a period of two (2) years starting February 12, 2025.
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on CHARBONE Hydrogen and its projects, 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, January 31, 2025 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce a 30-day extension, subject to Exchange approval, until March 5, 2025 for the private placement financing of a maximum of US$6 million unsecured convertible debt. The Company continues to receive significant interest in this raise, as seen in closing US$1.5M (CA$2.1M) on December 4, 2024. As such, while completing advanced discussions about the Company projects and future well perceived by actual interested investors, the Company decided to extend the timeline for interested parties.
The offering is an unsecured convertible note with a 36-month term at a 12% annual interest rate, led by its US banker, maturing in 2028 or convertible earlier.
Additionally, Charbone has received an additional 338,872$ from exercises of warrants as of January 30, 2025
Also, the Company has reserved March 28, 2025 for its 2023 Annual General and Extraordinary Meeting of Shareholders. Further details will be sent to the Company’s shareholders as of February 6, 2025.
About CHARBONE Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on CHARBONE Hydrogen and its projects, 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, January 15, 2025 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce that it has received confirmation from Hydro-Quebec that the Company’s Sorel-Tracy flagship project will be officially connected to the grid on or before March 4th 2025.
This new and important engineering milestone guarantees clean energy sourcing for CHARBONE’s Sorel-Tracy flagship project to commence green hydrogen production.
“It has been a long journey to get to this point, but our time has come,” said Daniel Charette, COO of CHARBONE, “Our sincere thanks to the Hydro-Quebec engineering and development departments for their extraordinary collaboration, trust in our project and hard work to get all the internal and external approvals in place to make this project a reality. We are fortunate to have top-notch engineering talent working with a group of dedicated contractors to make this all possible, and this launch will be the first of many to come across North America.”
CHARBONE team would like also to announce the nomination and congratulate CHARBONE’s Chief Operation Officer, Mr. Daniel Charette, as the new President of Hydrogen Quebec Association as of January 1st, 2025, which regroup over 50 members which are involved in equipment manufacturing, production and distribution of hydrogen. We know that Daniel is a leader and will continue to work hard to promote the hydrogen place in Quebec and in Canada, we are wishing him all the best in this position, the CHARBONE team is behind him!
About CHARBONE Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on CHARBONE Hydrogen and its projects, 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.
Contacts Charbone Hydrogen Corporation
Dave B. Gagnon Chief Executive Officer and Chairperson of the Board
CHARBONE Hydrogen Corporation
Telephone: +1 438 844-7170 Email: dg@charbone.com
Daniel Charette Chief Operating Officer
CHARBONE Hydrogen Corporation
Telephone: +1 438 800-4946 Email: dc@charbone.com
Brossard, Quebec, January 10, 2025 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, announces a temporary service reduction at its Wolf River Hydro LP (“Wolf River”) hydropower plant following an equipment failure. An independent third-party hydropower specialist is investigating to determine the scope of repairs required.
Wolf River employees and consultants are ensuring the safety and security of the facility, while collaborating with regulatory bodies and local authorities to monitor and control the water levels of the upstream pond and river, minimizing environmental impacts. Daily updates on water levels and operations will be provided to local stakeholders. Due to current weather conditions, the public is advised to exercise caution when approaching the ice cover.
The Wolf River hydropower plant is one of CHARBONE’s legacy assets. In alignment with its strategy to focus exclusively on green hydrogen production, CHARBONE announced on April 23, 2024, would be selling two hydroelectric projects, including Wolf River. CHARBONE remains committed to pursuing the sale of these assets to generate non-dilutive resources that will advance its green hydrogen plant development portfolio.
“These legacy hydropower assets have played an important role in CHARBONE’s journey, but as we focus on the construction of our flagship Sorel-Tracy facility and the deployment of 15 additional green hydrogen production plants across North America, their sale aligns with our long-term strategy,” said Dave Gagnon, CEO of CHARBONE, in the April 2024 announcement.
Following the completion of the equipment specialist’s investigation, CHARBONE will evaluate all options for the Wolf River hydropower plant that would align with shareholder interests.
About CHARBONE Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on CHARBONE Hydrogen and its projects, 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.
Contacts Charbone Hydrogen Corporation
Dave B. Gagnon Chief Executive Officer and Chairperson of the Board
CHARBONE Hydrogen Corporation
Telephone: +1 438 844-7170 Email: dg@charbone.com
Daniel Charette Chief Operating Officer
CHARBONE Hydrogen Corporation
Telephone: +1 438 800-4946 Email: dc@charbone.com
Brossard, Quebec, December 31, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is please to announce a 30-day extension, subject to Exchange approval, until February 3, 2025 for the private placement financing of a maximum of US$6 million unsecured convertible debt. The Company continues to receive significant interest in this raise, as seen in closing US$1.5M (CA$2.1M) on December 4, 2024. As such and considering the holidays, the Company decided to extend the timeline for interested parties.
The offering is an unsecured convertible note with a 36-month term at a 12% annual interest rate, led by its US banker, maturing in December 2027 or convertible earlier.
Additionally, Charbone has received an additional 133,500$ from exercises of warrants as of December 30, 2024.
About CHARBONE Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on CHARBONE Hydrogen and its projects, 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.
Contacts Charbone Hydrogen Corporation
Dave B. Gagnon Chief Executive Officer and Chairperson of the Board
CHARBONE Hydrogen Corporation
Telephone: +1 438 844-7170 Email: dg@charbone.com
Daniel Charette Chief Operating Officer
CHARBONE Hydrogen Corporation
Telephone: +1 438 800-4946 Email: dc@charbone.com
Brossard, Québec, December 23, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce the nomination of Mr. Denis Crevier as a new Board member of Charbone, with immediate effect, in replacement of Mr. Mena Beshay, actual director of the Board of Charbone, ending his mandate.
Mr. Denis Crevier is a seasoned executive, corporate director and senior advisor with over 40 years of experience in developing, financing, and managing multisector infrastructure projects.
Mr. Crevier has held key management and project financing positions with AtkinsRéalis (previously SNC-Lavalin). Mr. Crevier has recently conducted strategic advisory mandates for private and public sector organisations, including the G20 Global Infrastructure Hub, SOFIAC and Plan A Capital. Mr. Crevier is active in policy development and advocacy for the inclusion of climate and biodiversity considerations in infrastructure investment through various engagements, including as a member of the Executive Committee and Advisory Board of the Cornell Program in Infrastructure Policy.
Mr. Crevier holds a Master of Laws from Harvard Law School, and he is member of the Bar of the Province of Quebec, as a retired lawyer.
As an accomplished senior executive and board member, Mr. Crevier will bring a remarkable complementary experience to the Board of CHARBONE.
We thank Mr. Beshay for his time and his significant involvement as a member of the Board and the Audit Committee. Mena was highly instrumental during his term, especially in the past year, as Charbone secured the recently announced convertible debenture and closed over 1.8M$ in equity financings. We understand that Mr. Beshay need to concentrate on his existing professional responsibilities and wish him great success in his endeavours.
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on CHARBONE Hydrogen and its projects, 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, along with risks relating to the Offering and the intended use of proceeds of the Offering; 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.
Contacts
For further information, please contact:
Dave B. Gagnon Chief Executive Officer and Chairperson of the Board
CHARBONE Hydrogen Corporation
Telephone: +1 438 844-7170 Email: dg@charbone.com
Daniel Charette Chief Operating Officer
CHARBONE Hydrogen Corporation
Telephone: +1 438 800-4946 Email: dc@charbone.com
Brossard, Québec, December 13, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce that it has received $371,150 from the exercise of warrants expiring in December 2024 as well as February 2025.
Extension of warrants
The Company also announces that it has requested the extension of the expiry date and modification of the exercise price of 9,980,004 common share purchase warrants (the “Warrants”) that were issued pursuant to a non-brokered private placement of units of CHARBONE that closed by tranches on December 14 and 28, 2022, as well as on January 20, 2023.
Pursuant to the approval by the TSX Venture Exchange, CHARBONE will extend the expiry dates of the Warrants of December 14, 2024, December 28, 2024 and January 20, 2025 to February 28, 2025. CHARBONE will also modify the exercise price from $0.20 to $0.125. All other terms and conditions of the Warrants remain unchanged. None of these Warrants have been exercised to date. Warrant holders are advised that replacement warrant certificates will not be issued and that the original warrant certificate must be presented to CHARBONE in order to effect the exercise of the Warrants.
None of the warrant holders are insiders. In accordance with the policies of the TSX Venture Exchange, no compensation warrants issued in connection with the prior financing are being extended nor modified.
Grant of Common Share Purchase Options
CHARBONE is pleased to announce the grant of 1,750,000 common share purchase options of Charbone (“Options”) to directors, executive, team members and consultants. Those options are granted in accordance with the conditions of the CHARBONE stock option plan. Each Option allows its holder to purchase one common share of the Company at a price of $0.15 per common share for a period of two (2) years starting December 13, 2024.
$1M Non-Brokered Private Placement
Concerning the previously announced private placement with a first tranche announce on November 26, 2024 and a second and third tranches announced on December 3, 2024, the Company want to specify that the finder’s warrants issued are all having the same terms as the Units issued which will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.05 for a period of 12 months following the closing dates of the Offering. Also, Mr. Mena Beshay, director of the Company, have subscribed for 360,000 Units in the second tranche announced on December 3, 2024. Mr. Benoit Veilleux, CFO and Mr. Mena Beshay, Director, were the only insiders that have subscribed in the private placement for a total of 1,260,000 Units. Such participations are not subject to the minority approval and formal valuation requirements under MI 61-101 since there is an applicable exemption from these requirements as neither the fair market value of the subject matter, nor the fair market value of the consideration of the transaction, insofar as it involves the interested parties, exceeded 25% of the Company’s market capitalization.
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on CHARBONE Hydrogen and its projects, 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.
Contacts Charbone Hydrogen Corporation
Dave B. Gagnon Chief Executive Officer and Chairperson of the Board
CHARBONE Hydrogen Corporation
Telephone: +1 438 844-7170 Email: dg@charbone.com
Daniel Charette Chief Operating Officer
CHARBONE Hydrogen Corporation
Telephone: +1 438 800-4946 Email: dc@charbone.com
