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Charbone Hydrogen Receives Independent Valuation of US $60.8 Million And Anticipates Significant Growth Economics for North American Green Hydrogen Production Facilities Rollout
(TheNewswire) Brossard, Quebec, MAY 14, 2024 – TheNewswire - ...
About this update from Charbone Hydrogen Corporation
[{"type":"text","content":"Charbone Hydrogen Receives Independent Valuation of US $60.8 Million And Anticipates Significant Growth Economics for North American Green Hydrogen Production Facilities Rollout\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 \n \n \n \n \n Brossard, Quebec, MAY 14,\n2024\n \n \n –\n \n \n TheNewswire\n-\n \n \n \n \n CHARBONE HYDROGEN\nCORPORATION\n \n \n \n \n (TSXV: CH;\n \n \n OTCQB: CHHYF; FSE: K47) (the “Company” or\n“CHARBONE”), North America’s only publicly traded pure-play\ngreen hydrogen company,\n \n \n today announced that the\nCompany has received a US$60.8 Million valuation from an independent\nvaluation and financial due diligence firm.\n \n \n \n \n CHARBONE is focused on delivering a near-term network\nof modular green hydrogen production facilities across North America.\nThe Company has established a decentralized, opportunistic approach to\ngreen hydrogen production using grid-connected renewable energy\nsources to produce green (H2) dihydrogen molecules by eco-friendly\nenergy solutions for industrial, institutional, commercial and future\nmobility users.\n \n \n \n \n Having just reaffirmed priority launch plans\n \n \n to scale and deliver green hydrogen production\nfacilities in both the US and Canada during the second half of\n2024,\n \n \n CHARBONE engaged the valuation advisory\nfirm to determine the Company’s current fair market value. The\nindependent business valuation was completed utilizing four\nmethodologies with associated weighted values, including market\ncapitalization/capital investments made (45%), book value (45%),\nmarket comparisons to similar companies operating in the green\nhydrogen production environment including Hydrogen De France, Monarch\nEnergy, and Lhyfe, (7%) and discounted cash flow with a net present\nand terminal value (3%). Based on the findings, CHARBONE’s weighted\nvaluation is US$60.8 Million. An exhibit from the valuation report is\nincluded in this press release below.\n \n \n \n \n Located near Montreal, Quebec, its Sorel-Tracy Green\nHydrogen Project will serve as the Company’s flagship facility,\ngiving CHARBONE a first-mover advantage with production starting later\nthis year. Additionally, a second green hydrogen production project i...