Core Viewpoint - CHAR Technologies Ltd. has secured an $8 million equity investment from The BMI Group for the Thorold Renewable Energy Facility, establishing a 50/50 ownership structure between the two companies [1][3]. Funding Arrangement - The funding arrangement includes definitive transaction agreements such as a limited partnership agreement and contribution agreements, with CHAR Tech contributing construction progress, technology licenses, and engineering services [2]. - BMI's $8 million investment will be disbursed in monthly tranches to ensure positive cash flow for the Thorold Project, with all contributions expected to be completed by December 31, 2025 [3]. Project Phases - Phase 1 of the Thorold Project aims to enable commercial biocarbon production, with funding commitments now in place, targeting operational readiness by Q4 2025 [3]. - Phase 2 will focus on Renewable Natural Gas (RNG) production, leveraging Phase 1 equity to pursue non-recourse debt financing, with a goal to secure a debt package by Q4 2025 and target commissioning by Q3 2026 [7]. Strategic Partnerships and Investments - BMI has attracted over $200 million in direct investment to its Niagara projects, which have collectively drawn over $2 billion in additional investment since 2023 [4]. - Previous investments in CHAR Tech include a $12.8 million combined funding from Canadian and Ontario governments in 2022 and a $6.6 million strategic equity investment from ArcelorMittal's XCarb Innovation Fund in 2023 [6]. Leadership Insights - CHAR Tech's CEO expressed excitement about the project timeline and the potential for further renewable energy developments, while BMI's CEO highlighted the biomass-to-energy value chain as a high-growth opportunity in Canada [9].