Brossard, Quebec – October 6, 2025 – Charbone Hydrogen Corporation (TSXV: CH | OTCQB: CHHYF | FSE: K47) (“Charbone” or the “Company”) is pleased to announce the closing of the second and final tranche of its previously announced $1 million non-brokered private placement (the “Equity Offering”). The Company has secured an additional $551,000, bringing the total gross proceeds to approximately $1.013 million, exceeding its initial target.
“We are very pleased with the strong interest and support shown by investors in this private placement, which exceeded our original goal,” said Dave B. Gagnon, CEO of Charbone. “The completion of this financing provides Charbone with the resources to advance the reinstallation of our hydrogen equipment at the Sorel-Tracy site and to continue building the infrastructure that underpins our long-term growth strategy. This successful raise demonstrates investor confidence in our mission to deliver clean, ultra-high purity hydrogen across North America.”
Private Placement Details
The second tranche involved the issuance of 9,183,334 units, each priced at $0.06. Each unit consists of one common share and one common share purchase warrant.
Proceeds from the Equity Offering will be allocated toward:
- The purchase and reinstallation of hydrogen equipment at the Sorel-Tracy site
- Infrastructure development for Charbone’s growing hydrogen network
- General working capital
The closing of the Offering remains subject to approval by the TSX Venture Exchange and other customary conditions. All securities issued will be subject to a statutory four-month-and-one-day hold period in accordance with Canadian securities laws.
This news release does not constitute an offer to sell or solicitation of an offer to buy any securities in any jurisdiction where such activities would be unlawful, including the United States. The securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States except pursuant to applicable exemptions from registration.
About Charbone Hydrogen Corporation
Charbone Hydrogen Corporation is an integrated clean energy company specializing in the production and distribution of Ultra High Purity (UHP) hydrogen and industrial gases across North America and the Asia-Pacific region.
Through a modular, risk-managed approach, Charbone is developing a distributed network of green hydrogen production facilities, while diversifying its revenue streams through partnerships in helium and specialty gases. This strategy enhances operational flexibility and supports the company’s role as a leader in the transition to a low-carbon economy.
Charbone is publicly listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47).
For more information, visit the company’s website at www.charbone.com.
Forward-Looking Statements
This news release contains certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements reflect management’s expectations, estimates, and projections concerning future results or events, based on information available at the time of publication.
These statements are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially. Such risks include general business conditions, economic and regulatory factors, and those outlined in Charbone’s publicly available filings.
Readers are cautioned not to place undue reliance on these statements. Charbone undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.
