CHARBONE Reports Reduced Net Loss in 2025, Advances Hydrogen Production

CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, has announced its financial and operational results for the year ending December 31, 2025, highlighting a 6% reduction in net loss to $2,676,116 from $2,837,693 in 2024. The company generated $201,277 in gas income in 2025, compared to nil in the prior year, and began recognizing revenues from clean ultra-high purity (UHP) hydrogen sourced from its Sorel-Tracy facility Phase 1A, as well as UHP helium and UHP oxygen.

CHARBONE is progressing with Phase 1B at Sorel-Tracy to increase hydrogen production capacity in Q3 2026 while expanding its specialty gases platform. The company also advanced activities under a Master Collaborative Agreement supporting a Malaysian green hydrogen project. Financially, CHARBONE closed a private placement of $1,012,980, units for debt settlement of $1,776,827, and exercised warrants totaling $1,943,034, along with additional convertible debentures. As part of an asset acquisition from Harnois Energies Inc., the company issued 13,333,334 common shares at $0.075 per share, representing $1 million in equity consideration.

As of December 31, 2025, CHARBONE held a cash balance of $1,016,292. Subsequent to year-end, the company closed a private placement of $3,100,000 on January 12, 2026, and a $3,000,000 first drawdown of a new $10 million secured convertible loan on April 29, 2026, with optional drawdowns available. Benoit Veilleux, CFO and Corporate Secretary, stated, “CHARBONE’s disciplined financial management, operational execution and successful completion of new financings, position the Company to continue its growth as a vertically integrated industrial gases producer and distributor.”

The company has reserved June 18, 2026, for its Annual General and Extraordinary Meetings of Shareholders (AGSM), where shareholders will vote on a new Omnibus Incentive Plan. The plan, approved by the Board of Directors and subject to TSX Venture Exchange approval, would replace the current stock option plan and allow for grants of stock options, restricted share units, performance share units, and deferred share units, with the aggregate number of common shares reserved not exceeding 10% of issued and outstanding shares. CHARBONE also cancelled 2,050,000 options granted on September 9, 2022, at $0.60 per share.

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