CHARBONE HYDROGEN CORPORATION, North America’s only
publicly traded pure-play green hydrogen company, is thrilled to announce its receipt of multiple
partnership proposals from natural hydrogen exploration companies. These proposals position
CHARBONE as a co-operator and distributor of this emerging form of clean and renewable hydrogen,
known as “white hydrogen”.
Having long focused on green hydrogen projects, CHARBONE is now exploring to deepen its
involvement in white hydrogen, to complement its future network of production facilities. By
leveraging its extensive expertise in the hydrogen market, CHARBONE is poised to support
exploration companies with services that will help accelerate the deployment of clean hydrogen across
North America.
With a future network of at least 16 strategically located facilities throughout Canada and the U.S.,
CHARBONE will streamline the process of receiving, purifying, compressing, and distributing
hydrogen to meet the growing demand. This capability allows CHARBONE to be a key player in the
clean hydrogen supply chain, offering solutions that drive both innovation and efficiency.
“Charbone remains a leader in the green and clean hydrogen space, bringing unparalleled knowledge
to the industrial market,” said Dave Gagnon, Chief Executive Officer and Chairman of the Board,
CHARBONE Hydrogen. “While we continue to expand our green hydrogen production capabilities
as well as our surrounding ecosystem, we are also exploring other clean hydrogen sources, such as
white hydrogen. Our future initial investment in this area will be measured, but as we gain confidence
in its potential, we will scale up to maximize shareholder value.”
CHARBONE’s green hydrogen production is set to begin later this year at its Sorel-Tracy, Quebec
facility, with plans to launch a second site near Detroit, Michigan by year-end. The Company is also
actively expanding its workforce and targeting additional high-potential markets, including New York,
Ontario, Pennsylvania, Illinois, Wisconsin, and California. Additionally, CHARBONE has been
invited to propose projects in two large-scale Requests for Information (RFIs). By 2030, the Company
aims to establish 16 green hydrogen production facilities across North America.
Capital Management Update
In line with previous announcements on November 17, 2023, and July 24, 2024, CHARBONE has
finalized remuneration debt settlements totaling $180,000 involving key management personnel,
including the CEO. Following Exchange approval and disinterested shareholder consent on December
19, 2023, 1.8 million Common Shares have been issued to settle the debt. These shares are subject to a
four-month statutory hold period.
