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CHARBONE Hydrogen Successfully Completes the Dismantling of Hydrogen Equipment in Quebec and Announces the Arrival of the Main Components in Sorel-Tracy
Thenewswire· 2025-10-09 11:25
Core Points - CHARBONE HYDROGEN CORPORATION has successfully completed the dismantling of hydrogen production assets in Quebec City, with main components now arriving in Sorel-Tracy, marking a significant milestone in the establishment of a clean Ultra High Purity hydrogen production network in North America [1][2] - The first clean UHP hydrogen production unit is scheduled to start up in November 2025, with the company emphasizing the importance of reusing proven assets to optimize investments [2][3] - The acquisition of hydrogen production and refueling assets, announced on September 5, 2025, is expected to accelerate time to market and significantly reduce capital costs for CHARBONE [3] Company Overview - CHARBONE is focused on building a modular clean UHP hydrogen production network in North America and Asia-Pacific, while diversifying revenue through helium and specialty gas partnerships [4] - The company's approach aims to reduce risk and enhance flexibility, positioning CHARBONE as a leader in the transition to a low-carbon future [4]
Charbone Hydrogen accelerates hydrogen production plans with acquisition of Harnois Énergies assets
Proactiveinvestors NA· 2025-10-07 12:33
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
CHARBONE Hydrogen Secures Harnois Energies' Hydrogen Assets to Accelerate Clean Ultra High Purity Hydrogen Production at Sorel-Tracy
Thenewswire· 2025-10-07 11:25
Core Insights - CHARBONE HYDROGEN CORPORATION has acquired hydrogen production and refuelling assets from Harnois Énergies Inc, marking a significant step in establishing a clean Ultra High Purity hydrogen production network in North America [1][2] - The acquisition allows CHARBONE to repurpose existing hydrogen production equipment at its Sorel-Tracy facility, enabling the first production of clean UHP hydrogen by early Q4 2025, which is expected to reduce capital installation costs and accelerate time-to-market [2][3] - CHARBONE issued 13,333,334 common shares at $0.075 per share, totaling $1 million in equity consideration to Harnois, with additional cash payments planned over two years [3][4] Company Strategy - The strategic transaction aligns with CHARBONE's goal of becoming Quebec's leading clean UHP hydrogen supplier while allowing Harnois to focus on its core energy distribution business [4][5] - The company is building a distributed network of green hydrogen production plants and diversifying revenues through helium and specialty gas partnerships, which enhances flexibility and positions CHARBONE as a leader in the low-carbon transition [5]
Charbone Hydrogen closes final tranche of oversubscribed $1M private placement
Proactiveinvestors NA· 2025-10-06 12:27
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Charbone Hydrogen Issued $2M Convertible Replacement Debentures
Thenewswire· 2025-10-01 11:25
Brossard, Quebec, October 1, 2025 - TheNewswire – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), a company dedicated to green hydrogen production and distribution, following its news release dated September 18, 2025, which announced the signing of Replacement Debentures amounting to $2,050,000 (the "Replacement Debentures") by amending specific terms of the Company’s secured convertible debentures (each, a "Debenture") originally issued in connection with a ...
CHARBONE Hydrogen Announces $2M Convertible Debentures Replacement
Thenewswire· 2025-09-18 23:05
Core Viewpoint - CHARBONE Hydrogen Corporation has signed Replacement Debentures amounting to $2,050,000, amending terms of existing secured convertible debentures to enhance financial flexibility and support operational growth [1][4]. Group 1: Replacement Debenture Details - The new Replacement Debenture will be subject to approval from the TSX Venture Exchange [3]. - The maturity date for the debentures has been extended from September 30 and October 31, 2025, to September 30, 2026 [7]. - The convertible balance has increased from $1.7 million to $2.1 million, maintaining the same annual interest rate of 12%, payable monthly [7]. - The conversion price of the debentures has been adjusted from $0.10 per share to $0.07 per share [7]. Group 2: Company Overview - CHARBONE is focused on green hydrogen production and distribution, specializing in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region [5]. - The company is developing a modular network for green hydrogen production and partnering with industry players to supply helium and other specialty gases, aiming to diversify revenue streams and reduce risks [5].
CORRECTED: CHARBONE Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing
Thenewswire· 2025-09-05 17:40
Core Viewpoint - CHARBONE Hydrogen Corporation has signed an Asset Purchase Agreement to acquire operational hydrogen production and refuelling equipment in Quebec, which will expedite the commissioning of its Sorel-Tracy facility and enable the company to produce and deliver its first industrial high purity hydrogen sales in the upcoming quarter [1][8]. Group 1: Acquisition and Financial Position - The acquisition involves dismantling, repurposing, and relocating existing equipment to Sorel-Tracy, which will reduce installation costs and allow for production by early Q4 2025 [2][4]. - CHARBONE has secured a non-dilutive USD 50 million construction capital facility, enhancing its capital position and ability to scale its development plan [2]. - The company has completed a $1 million non-brokered private placement, with $0.5 million already secured to accelerate the completion of its flagship facility [3][5]. Group 2: Operational Progress and Strategy - The grid connection and water connection necessary for hydrogen production have been completed, indicating significant operational progress [4]. - The acquisition is structured to preserve cash flow, with part of the purchase price paid in CHARBONE stock and the remainder in cash over two years [4][7]. - This strategic move positions CHARBONE to deliver green and high purity hydrogen to industrial customers more quickly, leveraging proven operating equipment [7][8]. Group 3: Market Position and Future Outlook - The acquisition marks a turning point for CHARBONE, allowing the company to generate its first hydrogen revenues and capture early-mover advantages in the North American green hydrogen market [8]. - CHARBONE is focused on developing a modular network for green hydrogen production while partnering with industry players to diversify revenue streams and reduce risks [9].
Charbone Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing
Thenewswire· 2025-09-04 18:15
Core Viewpoint - CHARBONE Hydrogen Corporation has signed an Asset Purchase Agreement to acquire operational hydrogen production and refuelling equipment in Quebec, which will accelerate the commissioning of its Sorel-Tracy facility and enable the company to produce and deliver its first industrial high purity hydrogen sales in the upcoming quarter [1][8]. Group 1: Acquisition and Financial Position - The acquisition involves dismantling, repurposing, and relocating existing equipment to the Sorel-Tracy facility, which is expected to reduce installation costs and enable production by early Q4 2025 [2][4]. - CHARBONE has secured a non-dilutive USD 50 million construction capital facility to support broader project financing, indicating a strengthened capital position [2]. - The company has completed a $1 million non-brokered private placement, securing $0.5 million to accelerate the completion of its flagship green hydrogen production facility [3][5]. Group 2: Operational Progress and Strategy - The grid connection and water connection necessary for hydrogen production have been completed, with Hydro-Québec installing the energy meter and the Town of Sorel-Tracy connecting to its main water system [4]. - The acquisition of the equipment was structured to preserve cash, with part of the purchase price paid in CHARBONE stock and the remainder in cash over two years [4][7]. - This acquisition positions CHARBONE to deliver green and high purity hydrogen to industrial customers more quickly, leveraging proven operating equipment [7][8]. Group 3: Market Position and Future Outlook - The acquisition marks a turning point for CHARBONE, allowing the company to deliver its first hydrogen revenues and capture early-mover advantages in the North American green hydrogen market [8]. - CHARBONE is developing a modular network of green hydrogen production while partnering with industry players to supply specialty gases, which diversifies revenue streams and reduces risks [9].
Dr. Austin Morales Joins NewHydrogen Team to Help Drive ThermoLoop™ Development
Globenewswire· 2025-08-19 07:30
Core Insights - NewHydrogen, Inc. has appointed Dr. Austin Morales to its UCSB Technology Team to enhance the development of its ThermoLoop technology, which aims to produce low-cost clean hydrogen using water and heat instead of electricity [1][4] Company Overview - NewHydrogen is focused on developing ThermoLoop, a novel technology that utilizes water and heat to generate the world's lowest cost clean hydrogen, addressing the limitations of current hydrogen production methods that rely on hydrocarbons [6][7] - The company is currently funding research at the University of California, Santa Barbara, to advance its thermochemical water splitting technology, which has been in development since August 2023 [4][6] Team and Expertise - Dr. Morales joins a team of experts including Dr. Philip Christopher, Dr. Justin Marlowe, Dr. Yikyeom Kim, Dr. Eric McFarland, and Mr. Sundar Narayanan, all of whom are working on cost-effective thermochemical processes [2][4] - Dr. Morales has a strong background in dynamic reactor operation and catalytic processes, with a Ph.D. from the University of Houston and multiple awards for his research excellence [3][4] Technology and Market Potential - The ThermoLoop technology aims to significantly reduce the cost of clean hydrogen production by utilizing heat from various sources, thereby bypassing the expensive electricity generation process that currently constitutes 73% of clean hydrogen costs [7] - The clean hydrogen economy is projected to have a market value of $12 trillion, highlighting the significant economic potential of NewHydrogen's innovations [7]
CHARBONE Hydrogen Provides Update on Flagship Sorel-Tracy Project, Achieving Multiple Key Milestones This Week
Thenewswire· 2025-08-14 11:25
Core Insights - CHARBONE Hydrogen Corporation has made significant progress in the construction of its Sorel-Tracy project, which is focused on ultra-pure green hydrogen production and distribution [2][3][4] - The company has completed key infrastructure connections, including electrical interconnection and water supply, which are essential for the hydrogen production process [2][3] - Environmental stewardship efforts have been undertaken to protect a rare plant species found on-site, demonstrating the company's commitment to sustainable practices [5] Construction Progress - The electrical interconnection at the Sorel-Tracy site has been completed, allowing energy to flow from the Hydro-Quebec grid to the production area [2] - Water supply infrastructure has been installed, linking the site to a 14-inch main water line, ensuring sufficient water capacity for all project phases [3] - Heavy civil construction equipment has arrived, and construction teams have begun site preparation for production equipment installation [4] Environmental Initiatives - The Quebec Ministry of the Environment identified a rare plant species on the property, and CHARBONE has successfully relocated and protected it, ensuring its habitat is preserved [5] Financial Updates - CHARBONE has closed shares for debt settlements amounting to $118,095, issuing 1,968,254 shares at a conversion price of $0.06 to manage cash prudently [6] - The company is also closing US$1.5 million (CA$2.1 million) in convertible notes, which will result in the issuance of 2,109,900 warrants to the placement agent [7][8]