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CORRECTED: CHARBONE Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing
Thenewswire· 2025-09-05 17:40
Brossard, Quebec – TheNewswire - September 5, 2025 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), a company focused on green hydrogen production and distribution, is pleased to announce it has signed, on September 4, 2025, an Asset Purchase Agreement to acquire operational hydrogen production and refuelling equipment in Quebec. The strategic acquisition will enable CHARBONE to fast-track the commissioning of CHARBONE’s flagship Sorel-Tracy facility phase 1 ...
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].
CHARBONE Hydrogen Provides Update on Flagship Sorel-Tracy Project, Achieving Multiple Key Milestones This Week
Thenewswire· 2025-08-14 11:25
The CHARBONE team announced onsite construction progress at its Sorel-Tracy flagship, preparing for equipment deliveries and the start of production. Brossard, Quebec – TheNewswire - August 14, 2025 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) ("CHARBONE" or the "Company"), North America's only publicly traded pure-play company focused on ultra-pure green hydrogen production and distribution, is pleased to provide an update on substantial construction progress and infrastructure connec ...
Charbone Hydrogen Announces Updates on Units for Debts
Thenewswire· 2025-07-18 11:25
Core Insights - Charbone Hydrogen Corporation is North America's only publicly traded pure-play company focused on green hydrogen production and distribution [1][3] - The company has revised the total amount and number of units to be issued for debt settlements following discussions with the TSX Venture Exchange [1][2] Financial Summary - Charbone has settled a total of $1,273,702 with certain arm's-length suppliers, payable through the issuance of units [2] - A total of 16,982,689 units will be issued at a conversion price of $0.075 per unit [2] Company Overview - Charbone specializes in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region [3] - The company is developing a modular network for green hydrogen production and partners with industry players to supply helium and other specialty gases [3] - Charbone is publicly listed on the TSX Venture Exchange (TSXV: CH), OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47) [3]