CHARBONE CORPORATION Announces Q3 2025 Financial and Operational Results

Brossard, Quebec — November 28, 2025 — Leads & Copy — CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) has announced its financial and operational results for the three and nine-month periods ending September 30, 2025.

The company, which specializes in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, reported a 17% decrease in net operating loss, recognition of revenues from a Malaysian green hydrogen project, and the completion of Phase 1A of its Sorel-Tracy facility.

Net operating loss decreased by 17% to $577,159 for the three months ending September 30, 2025, compared to $697,894 in Q2 2025. The company attributed this to activities that are tightening general and administrative expenses.

Revenues were recognized following the advancement of activities from the Master Collaborative Agreement, which supports the deployment of a Malaysian green hydrogen project development that was announced in Q2 2025.

On September 30, 2025, the company issued new secured convertible debentures to replace previous convertible debentures, with an additional amount of $303,634 for a total of $2,050,000. The replacement debentures bear monthly interest at a 12% annual rate, are convertible at $0.07 per share, and mature in one year.

The company has closed a private placement of $1,012,980 ($551,000 in October 2025), units for debt settlement of $1,776,827 ($503,125 in October 2025), shares for the management debt settlement of $310,000, and exercises of warrants totaling $657,672 ($452,345 in Q3 2024).

Following the signature of an Asset Purchase Agreement with Harnois Énergies Inc., CHARBONE completed the acquisition and reinstallation of operational hydrogen production and refueling equipment at its Sorel-Tracy site. On October 6, 2025, the company issued 13,333,334 common shares at $0.075 per share, representing $1 million in equity consideration to Harnois Énergies Inc. as part of the payment of the acquisition transaction.

CHARBONE also announced it has executed an offtake agreement with a U.S. Tier One industrial gases producer to expand its offerings to customers and made its first delivery of helium in October 2025, starting its revenue generation from the distribution of industrial gases.

Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE, stated that management is motivated to keep working on structuring deals to finance further project investments and expansion, adding that CHARBONE is moving into execution mode to unlock its strong growth potential.

CHARBONE is a developer and producer of clean Ultra High Purity (UHP) hydrogen with a growing industrial gas distribution platform. The company focuses on developing a network of clean hydrogen production facilities throughout North America and select markets abroad, starting with its flagship Sorel-Tracy project in Quebec.

CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47).

Benoit Veilleux, CFO and Corporate Secretary. Telephone: +1 450 678 7171, Email: ir@charbone.com

Source: CHARBONE CORPORATION