Brossard, Quebec Thenewswire-14 augustus 2025 Charbone Hydrogen Corporation (TSXV: CH, OTC: Chhyf; OTCQB: Chhyf; FSE: K47) (“Charbone” of de “Company”), Noord-America’s Only Traped Pure-Play-bedrijfsafhankelijke Pure-Play Company is een update van Ultra-Pure Green Hydrogen Production, is satisfied to update an update of Ultra-Pure Green Hydrogen, infrastructure connections with the flagship Sorel-Tracy project.
Electric interconnection completed
Earlier this week, a Hydro quebec team completed the electric interconnection of the site. This included connecting the distribution network on the first pool that was installed on site, after the installation of the Hydro-Québec measuring station three weeks earlier. Energie can now flow from the Hydro-quebec schedule along the overhead power pipes from the site to the production area, so that the road is cleared for equipment installation.
Water supply Infrastructure installed
In the meantime, the Sorel-Tracy Water Department has finished digging and installing pipes to link the Charbone site to a 14-inch main water line. This connection ensures sufficient water capacity to support all five planned project phases. With both important inputs for electrolysis – electricity and water – now protected, the site is prepared to start the production of hydrogen once the equipment installation is completed.
Heavy civil construction equipment has arrived on site and the general contractor and subcontractor teams of Charbone started working. Landmeters have completed all the necessary sitem markers for the construction of buildings and production areas in preparation for the arrival of production equipment in the coming weeks.
During the location of the location, the Quebec Ministry of the Environment (MelCCFP) identified a rare and endangered plant species ‘three-own grass’ on a small part of the building. In collaboration with experts at Tetra Tech, Charbone successfully moved the factory and has a special habitat on the site. “This update marks the completion of three critical milestones for our team,” says Dave Gagnon, president and CEO of Charbone. “We are proud of the progress so far and keep on schedule to start production this fall.”
Taking out shares for debt financing
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Charbone is pleased to announce the closure of shares for debt differences in the amount of $ 118,095. The company has settled for the supplier of an arm of $ 118,095 in affordable things due to the issue of shares. A total of 1,968,254 shares will be issued on the basis of the closure, at a conversion price per unit of $ 0.06. The company is of the opinion that the settlement of the debts due to the issue of effects is appropriate to continue production for its Sorel-Tracy project and the general need to carefully manage its cash. A formal agreement reflects each debt scheme and will be subject to the approval of the TSX Venture Exchange. All securities issued on the basis of a debt scheme are subject to a legal hold period of four months in Canada.
Update about taking out US $ 1.5 million in convertible notes
After the assessment of the Exchange of the closure of US $ 1.5 million (approx. $ 2.1 million) Convertible Notes announced on December 4, 2024, Charbone will publish 2,109,900 warrants to the placement agent. Each order has the holder the right to buy an extra general share from the company at a exercise price of $ 0.10 or USD equivalent.
About Charbone Corporation
Charbone is an integrated company specialized in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region. It develops a modular network of green hydrogen production, while working with players in the industry to deliver helium and other special gases without the need to build valuable new factories. This disciplined strategy diversifies income flows, reduces risks and increases flexibility. The Charbone Group is listed listed in North -America and Europe on the TSX Venture Exchange (TSXV: CH, OTC: Chhyf), The OTC Markets (OTCQB: Chhyf) and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .
Foresighting statements
This press release contains statements that are “future -oriented information” as defined by the Canadian securities (“Future -oriented statements”). These future -oriented statements are often identified by words such as “intends”, “anticipate”, “expected”, “believes”, “plans”, “probably” or similar words. The future -oriented statements reflect the expectations, estimates or projections of management with regard to future results or events, based on opinions, assumptions and estimates that are considered reasonable by management on the date on which the statements are made. Although Charbone believes that the expectations that are reflected in the future -oriented statements are reasonable, future -oriented statements are risks and uncertainties and convincing dependence should not be placed on future -oriented statements, because unknown or unpredictable factors can differ the actual results of those that are displayed in the progressive statements. The future -oriented statements can be influenced by risks and uncertainties in the Charbone business. These risks, uncertainties and assumptions include, but are not limited to, which described under “risk factors” in the company’s archiving statement of 31 March 2022, which is available on Sedar on www.sedar.com; They can ensure that actual events or results differ substantially from those projected in all future -oriented statements.
Except as required under the applicable securities legislation, Charbone has not taken an obligation to publicly update or revise future -oriented information.
Neither TSX Venture Exchange nor its regulation services provider (because that term is defined in the policy of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release .
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