Charbone Hydrogen Raises C$3.1M via 23.6M Units at C$0.13125 Each

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Charbone Hydrogen Corporation closed a non-brokered private placement raising C$3.1 million by issuing 23,614,286 units at C$0.13125 apiece. The financing round supports its North American clean ultra-high purity hydrogen production and industrial gas distribution platform.

1. Secures First U.S. Ultra-High Purity Hydrogen Order

Charbone Hydrogen Corporation announced it has received its inaugural U.S. order for clean ultra-high purity hydrogen from a New York State technology customer affiliated with a major Japanese industrial conglomerate. The contract—Charbone’s first in the American Tech Valley corridor—will be fulfilled using existing production capacity at its flagship Sorel-Tracy facility. This breakthrough validates Charbone’s North American commercialization strategy and positions the company to pursue long-term supply agreements with advanced industrial and technology clients seeking reliable, decentralized hydrogen solutions.

2. Completes $3.1 Million Private Placement

Charbone closed a non-brokered private placement that raised gross proceeds of $3.1 million through the issuance of 23,614,286 units at a subscription price of $0.13125 per unit. Net proceeds will be allocated to expanding production capacity, strengthening distribution logistics in the United States, and advancing modular hydrogen facility deployments. The financing bolsters Charbone’s balance sheet as it scales its ultra-high purity hydrogen network and supports ongoing partnerships in specialty gases such as helium.

Sources

PPT