Hydrogen production assets are being acquired by Charbone Hydrogen, and a initial private placement funding round of $1 million is being closed.

Charbone Hydrogen Corporation Announces Major Funding and Acquisition

Charbone Hydrogen Corporation, a leading integrated company specialising in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases, has secured significant funding and made a strategic acquisition to accelerate the development of its flagship green hydrogen production facility in Sorel-Tracy, Quebec.

The company has signed a non-dilutive USD 50 million construction capital facility, with the proceeds allocated towards the purchase of operating hydrogen equipment, re-installation at the Sorel-Tracy site, infrastructure development, and general working capital requirements. This funding will enable Charbone to fast-track the commissioning of its flagship facility's phase 1.

In addition, Charbone has signed an Asset Purchase Agreement to acquire operational hydrogen production and refueling equipment in Quebec. The equipment will be dismantled, repurposed, and relocated to Sorel-Tracy. This acquisition is expected to significantly boost Charbone's production capacity and position the company to deliver its first hydrogen revenues.

Charbone has also secured $1M through a non-brokered private placement to further accelerate the completion of the Sorel-Tracy facility. The private placement is subject to the approval of the TSX Venture Exchange and other customary closing conditions.

The town of Sorel-Tracy has completed the water connection to its main system at the Charbone site, and Hydro-Quebec has installed the energy meter and completed the interconnection. Charbone's grid connection and water connection for its Sorel-Tracy site have already been completed.

Charbone is committed to leveraging non-dilutive capital to scale its operations and capture early-mover advantages in the North American green hydrogen market. The company develops a modular network of green hydrogen production and partners with industry players to supply helium and other specialty gases.

Charbone is publicly listed in North America and Europe on various stock exchanges. For inquiries, please contact Charbone at the telephone number or email address provided.

It's worth noting that Charbone's forward-looking statements involve risks and uncertainties, and the reader is advised to review the company's public filings for a more detailed discussion of these factors. As of today, no relevant information was found regarding which company signed an Asset Purchase Agreement on September 4, 2025, in Quebec, to acquire operational hydrogen production and refueling station equipment that is being dismantled, converted, and relocated to Sorel-Tracy.

Charbone Hydrogen Corporation is poised to play a significant role in the green hydrogen market, and these recent developments are a testament to the company's commitment to innovation and growth.

Hydrogen production assets are being acquired by Charbone Hydrogen, and a initial private placement funding round of $1 million is being closed.