CHARBONE acquires new hydrogen production assets

The strategic acquisition will enable CHARBONE to fast-track the commissioning of CHARBONE’s flagship Sorel-Tracy facility phase 1 and empower CHARBONE to produce and deliver first industrial high purity hydrogen (UHP) sales in the upcoming quarter (4Q25).

The equipment currently in use will be dismantled, repurposed, and relocated to Sorel-Tracy.

This transaction follows CHARBONE’s signing of a non-dilutive US$50 million construction capital facility announced on 1 May and 4 June 2025. While this facility is earmarked for broader project financing rather than this equipment purchase, it demonstrates CHARBONE’s strengthened capital position and ability to scale up its overall development plan.

Key investor highlights

• Accelerated timeline: repurposing Harnois’ proven operating equipment reduces installation costs of new equipment – enabling production by early 4Q25.
• Selection process: CHARBONE has been selected as the buyer of the equipment by accepting US$1 million in CHARBONE stock as part of a portion of the purchase price at an issue price equal to the market price of CHARBONE’s shares on the TSX Venture Exchange on the effective date plus a cash balance payable in three tranches payment, with one-third payment on the effective date and the remaining paid over two years – preserving cash for growth.
• Operational progress: grid connection is completed; Hydro-Québec installed the energy meter on 22 July, and completed the interconnection on 13 August, while the Town of Sorel-Tracy completed the water connection to its main system, providing the site with the two elements needed for hydrogen production.

Access the full release here.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/05092025/charbone-acquires-new-hydrogen-production-assets/