Charbone Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing

About this update from Charbone Hydrogen Corporation

[{"type":"text","content":"Charbone Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing\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, Quebec, September 4, 2025\n–\n \n\n TheNewswire -\n \n\n\n\n CHARBONE HYDROGEN\nCORPORATION\n \n\n\n\n (TSXV: CH; OTCQB: CHHYF;\nFSE: K47) (the “Company” or “CHARBONE\n \n\n ”),\na company focused on green hydrogen production and distribution,\n \n\n is pleased to announce it has signed, on\nSeptember 4, 2025, an Asset Purchase Agreement to acquire operational\nhydrogen production and refuelling equipment in Quebec. The strategic\nacquisition will enable CHARBONE to fast-track the commissioning of\nCHARBONE’s flagship Sorel-Tracy facility phase 1 and empower\nCHARBONE to produce and deliver first industrial high purity hydrogen\n(UHP) sales in the upcoming quarter.\n \n\n\n\n The\n \n\n equipment, currently in use\nwill be dismantled, repurposed and relocated to\nSorel-Tracy\n \n\n .\n \n\n\n\n This transaction follows CHARBONE’s signing of a\n \n\n non-dilutive USD 50 million\nconstruction capital facility\n \n\n announced on May 1\nand June 4, 2025. While this facility is earmarked for broader project\nfinancing rather than this equipment purchase, it demonstrates\nCHARBONE’s strengthened capital position and ability to scale up its\noverall development plan.\n \n\n\n\n Key Investor Highlights\n \n\n\n\n\n\n Accelerated Timeline\n \n\n : Repurposing Harnois’ proven operating equipment reduces\ninstallation costs of new equipment — enabling production by\n \n\n early Q4 2025\n \n\n\n\n\n\n Selection Process\n \n\n :\n \n\n CHARBONE has been selected as the\nbuyer of the equipment\n \n\n by accepting\n \n\n $1M in CHARBONE stock\n \n\n as part of a portion of the purchase price\n \n\n at an\nissue price equal to the market price of CHARBONE’s shares on the\nTSX Venture Exchange on the effective date plus a cash balance payable\nin 3 tranches payment\n \n\n , with one-third payment on\nthe effective date and the remaining paid over two years —\npreserving cash for growth.\n \n\n\n\n\n\n Operational Progress\n \n\n : Grid connection is completed; Hydro-Québec installed the\nenergy meter on July 22, and completed the interconnection...

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