NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, today announced its intention to complete a non-brokered private placement (the "Offering") of up to 5,000,000 units (“Units”) at a price of CDN$0.20 per Unit for gross proceeds of up to CDN$1,000,000. Each Unit will be comprised of one common share of the Company (e ...

Group 1 - CHAR Technologies Ltd. has amended up to 2,750,000 common share purchase warrants, extending the expiration date from July 5, 2025, to July 5, 2026, subject to TSX Venture Exchange approval [1] - The exercise price of the warrants is set at $0.70, and the net proceeds from their exercise will be used for general corporate purposes [1] - The amendment constitutes a related party transaction as ArcelorMittal is considered a related party, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [2] Group 2 - The Board of Directors has approved the grant of 25,000 stock options to a consultant, exercisable at $0.28 per common share, expiring on February 7, 2030 [3] - Additionally, 83,629 Restricted Share Units (RSUs) have been granted to a consultant, which will fully vest after one year [3] - These grants are subject to the company's Amended and Restated Omnibus Long-Term Incentive Plan and require TSX Venture Exchange approval [3] Group 3 - CHAR Technologies utilizes high temperature pyrolysis (HTP) technology to process unmerchantable wood and organic wastes, generating renewable natural gas (RNG) or green hydrogen and solid biocarbon [4] - The HTP technology aligns with the global green energy transition by diverting waste from landfills and producing sustainable clean energy for decarbonizing heavy industry [5]