CHARBONE Hydrogen Accelerates Clean Hydrogen Production with Strategic Asset Acquisition
CHARBONE Hydrogen Corporation's acquisition of Harnois Energies' hydrogen assets will enable earlier production of clean ultra high purity hydrogen in Quebec while reducing capital costs, advancing North America's transition to low-carbon energy.
CHARBONE Hydrogen Corporation has officially taken possession of hydrogen production and refuelling assets from Harnois Energies Inc., marking a significant step in accelerating clean ultra high purity hydrogen production at its Sorel-Tracy facility. This strategic transaction will enable the company to rapidly relocate and repurpose proven hydrogen production equipment, allowing for the first production of clean UHP hydrogen by early Q4 2025.
The acquisition represents a crucial development in North America's clean energy transition, as CHARBONE works to build the continent's first clean UHP hydrogen production and distribution network. By utilizing proven, already operational assets, the company expects to significantly reduce capital installation costs and accelerate time-to-market compared to deploying new systems. This approach preserves capital for growth initiatives while advancing the timeline for clean hydrogen availability in Quebec and beyond.
Under the terms of the agreement announced on September 5, 2025, CHARBONE issued 13,333,334 common shares at $0.075 per share, representing $1 million in equity consideration to Harnois. Additional cash payments will be made in staged tranches over two years. The transaction structure demonstrates Harnois' confidence in CHARBONE's long-term prospects, as the energy distributor elected to receive a substantial portion of the consideration in CHARBONE equity at market value.
This decision underscores Harnois' recognition of the strategic long-term benefits of aligning with CHARBONE as Quebec's leading clean UHP hydrogen supplier. While Harnois continues to focus on its core energy distribution businesses, the equity stake creates alignment between the two companies in advancing clean hydrogen infrastructure. CHARBONE is listed on multiple exchanges including the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47), with additional information available at https://www.charbone.com.
The accelerated production timeline at Sorel-Tracy comes as demand for clean hydrogen continues to grow across industrial, transportation, and energy sectors. CHARBONE's modular approach to building a distributed network of green hydrogen production plants positions the company to capitalize on this demand while diversifying revenues through helium and specialty gas partnerships. The company's disciplined model reduces risk and enhances flexibility in the rapidly evolving clean energy market.
Dave B. Gagnon, CEO of CHARBONE, described the asset acquisition as a transformative moment for the company. The ability to begin producing clean UHP hydrogen sooner than anticipated while optimizing capital efficiency represents a significant competitive advantage in the emerging clean hydrogen economy. As regulatory frameworks and market conditions continue to favor low-carbon energy solutions, CHARBONE's accelerated timeline positions the company to capture early market share in Quebec's clean energy transition.