CHARBONE Accelerates Clean Hydrogen Production Timeline Through Strategic Asset Acquisition

CHARBONE Hydrogen Corporation has officially taken possession of hydrogen production and refuelling assets from Harnois Energies Inc., marking a significant step in accelerating the company's clean ultra high purity hydrogen production timeline. This strategic transaction will enable CHARBONE to rapidly relocate and repurpose proven hydrogen production equipment at its flagship Sorel-Tracy facility, allowing for the first production of clean UHP hydrogen by early Q4 2025.

The acquisition represents a pivotal moment for CHARBONE's development strategy, as utilizing proven, already operational assets is expected to significantly reduce capital installation costs and accelerate time-to-market compared to deploying new systems. Under the terms of the agreement announced on September 5, 2025, CHARBONE has issued 13,333,334 common shares at $0.075 per share, representing $1 million in equity consideration to Harnois, with additional cash payments to be made in staged tranches over two years.

Notably, Harnois elected to receive a substantial portion of the consideration in CHARBONE equity at market value, a decision that underscores Harnois' recognition of the strategic long-term benefits of aligning with CHARBONE as Quebec's leading clean UHP hydrogen supplier. This equity-based transaction preserves capital for CHARBONE's growth initiatives while strengthening the partnership between the two energy companies.

Dave B. Gagnon, CEO of CHARBONE, described the acquisition as a transformative moment for the company, stating that with these assets, CHARBONE will begin producing clean UHP hydrogen in Sorel-Tracy much sooner than anticipated while optimizing capital efficiency. The transaction positions CHARBONE to advance its goal of building North America's first clean UHP hydrogen production and distribution network.

The accelerated production timeline at Sorel-Tracy comes at a critical moment in the transition to low-carbon energy solutions. By leveraging existing infrastructure and proven technology, CHARBONE demonstrates a practical approach to scaling hydrogen production capacity while managing financial risk. The company's modular approach to building a distributed network of green hydrogen production plants represents an innovative strategy in the emerging clean hydrogen sector. For additional information about CHARBONE's corporate structure and market listings, investors can visit https://www.charbone.com.