Core Viewpoint - CHAR Technologies Ltd. is initiating a non-brokered private placement to raise up to CDN$1,000,000 by offering 5,000,000 units at CDN$0.20 per unit, which includes common shares and warrants [1][2]. Group 1: Offering Details - Each unit consists of one common share and one share purchase warrant, with warrants allowing the purchase of one share at CDN$0.30 for 24 months post-closing [2]. - The offering is available to purchasers outside Canada under an exemption from the prospectus requirement, and the securities will not have resale restrictions [3]. - The offering is not classified as a Related Party Transaction and is subject to final acceptance by the TSX Venture Exchange [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for general working capital, ongoing project development, and capital advisory and investor relations services [4]. - The company may pay finder's fees in connection with the offering, adhering to TSXV policies and applicable securities legislation [4]. Group 3: Closing Timeline - The closing of the offering is anticipated to occur around the week of December 16, contingent upon receiving necessary approvals, including from the TSXV [5]. Group 4: Company Overview - CHAR Technologies Ltd. specializes in high temperature pyrolysis technology, converting unmerchantable wood and organic waste into renewable natural gas or green hydrogen, along with a solid biocarbon product [7]. - The company's technology supports the global transition to green energy by diverting waste from landfills and generating sustainable energy for heavy industry decarbonization [8].

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]