Corporation Charbone Announces Completion of Phase 1A and Financial Results

Brossard, Québec — November 28, 2025 — Leads & Copy — Corporation Charbone (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, a North American producer and distributor specializing in Ultra High Purity (UHP) clean hydrogen and strategic industrial gases, reported several key highlights, including the completion of Phase 1A of its Sorel-Tracy plant.

All components of the Sorel-Tracy plant are installed and connected, with commissioning tests underway. Charbone anticipates the first hydrogen molecule production within days. The company's net operating loss decreased by 17% to $577,159 for the three months ending September 30, 2025, compared to $697,894 in Q2 2024, reflecting ongoing efforts to reduce overhead and administrative expenses.

Charbone also recognized revenue from its collaboration framework agreement to support a green hydrogen development project in Malaysia, initially announced in Q2 2025. On September 30, 2025, the company issued new secured convertible debentures for an additional $303,634, bringing the total to $2,050,000. These debentures carry a 12% annual interest rate, paid monthly, and are convertible at $0.07 per share, maturing in one year.

The company 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 management debt settlement of $310,000, and warrant exercises totaling $657,672 ($452,345 in Q3 2024).

Following 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 a $1 million payment to Harnois Énergies Inc. as part of the acquisition.

Charbone also announced a supply agreement with a U.S. industrial gas producer to broaden its customer offerings. Its first helium delivery occurred in October 2025, marking the start of revenue generation from industrial gas distribution.

Benoit Veilleux, CFO and Corporate Secretary of Charbone, stated that the management team is committed to structuring agreements to finance new investments and project expansions. He added that Charbone is now in execution mode to unlock its growth potential.

Charbone is a clean UHP hydrogen developer and producer with an expanding industrial gas distribution platform. The company focuses on developing a network of clean hydrogen production facilities in North America and select international markets, starting with its flagship Sorel-Tracy project in Quebec.

The company’s integrated model reduces risks, improves scalability, and diversifies revenue streams through partnerships in helium and other specialty gases. The company is listed on the TSXV (CH), OTCQB (CHHYF), and FSE (K47).

Contact Information: Benoit Veilleux CFO and Corporate Secretary +1 450 678 7171 ir@charbone.com

Source: CORPORATION CHARBONE