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Charbone Hydrogen Announces its Strategy to Refocus its Resources Towards Green Hydrogen
(TheNewswire) Brossard, Québec – TheNewswire - July 14, 2023 – ...
About this update from Charbone Hydrogen Corporation
[{"type":"text","content":"Charbone Hydrogen Announces its Strategy to Refocus its Resources Towards Green Hydrogen\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Brossard, Québec –\n \n \n TheNewswire -\n \n \n July 14, 2023 –\n \n \n CHARBONE HYDROGEN CORPORATION (TSXV:CH\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:CHHYF\n \n \n )\n \n \n ,\n \n \n (\n \n \n FWB:K47)\n \n \n \n \n (“\n \n \n Charbone\n \n \n ”)\n \n \n is announcing today a change in its development\nand deployment strategy to refocusing all technical and financing\nresources towards green hydrogen rather than hydropower production.\nCharbone’s priority is the completion of its first flagship green\nhydrogen facility in Sorel-Tracy (Quebec, Canada).\n \n \n \n \n Furthermore, the Purchase and Sale\nAgreement,\n \n \n lastly amended on May 30, 2023, for\nthe acquisition of Tower Kleber Limited Partnership, and Black River\nLimited Partnership, both Michigan Limited Partnerships, is\nterminated.\n \n \n Charbone will maximise its financial\nresources to support activities at the Charbone Hydrogen Quebec Inc.,\nits fully owned subsidiary in Sorel-Tracy, that will own and operate\nthe production facility.\n \n \n \n \n “Charbone is refocusing all effort and resources on\nhydrogen because the future is all about hydrogen!”, stated Dave B.\nGagnon, CEO.\n \n \n \n \n \n \n About Charbone Hydrogen\nCorporation\n \n \n \n \n Charbone is a green hydrogen group established in North\nAmerica. The company's strategy is to develop modular and expandable\nhydrogen facilities and regional hubs. Charbone will be able to\nproduce green dihydrogen molecules using reliable and sustainable\nenergy in order to distinguish itself as a supplier of an ecological\nsolution for industrial, commercial and mobility users.\n \n \n \n \n Forward-Looking Statements\n \n \n \n \n This news release contains\nstatements that are “forward-looking information” as defined under\nCanadian securities laws (“\n \n \n forward-looking statements\n \n \n ”). These forward-looking statements are\noften identified by words such as “intends”, “anticipates”,\n“expects”, “believes”, “plans”, “likely”, or...