Charbone Hydrogen (TSXV:CH)

Charbone Hydrogen Announces the Closing of the Second Tranche of its Non-Brokered Private Placement


Charbone Hydrogen Corporation (TSXV:CH) (OTC:CHHYF) (FWB:K47) ("Charbone" or the "Company") is pleased to announce that, in connection with its previously announced private placement financing (the "Offering") "), the Company closed a second tranche of the Offering for an amount of $248,377. Combined with the prior closing, the Company raised a total of $499,877 pursuant to the Offering.

Each Unit, at a price of $0.05 per Unit, is comprised of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional common share of the Company (each, a "Warrant Share") at an exercise price of $0.05 for a period of 12 months following the closing date of the Offering (the "Closing Date"). A total of 4,967,540 units were issued following the closing of the first tranche of the Offering.

The Units are being offered pursuant to the "accredited investor" and "minimum investment" exemptions set out in National Instrument 45-106 Prospectus Exemptions.

It is expected that the Company will use the proceeds of the Offering to fund operations to pursue the Sorel-Tracy (Qc, Canada) project and prepare for a significant potential financing transaction.

The Company may close a third and final tranche of the Offering on or before December 22, 2023. The closing of the Offering is subject to the approval of the TSX Venture Exchange and other customary closing conditions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including all securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any other securities laws, and may not be offered or sold in the United States or to, or for the account of, or for the benefit of, "U.S. Persons" (as defined in Regulation S of the 1933 Act), unless they are registered under the U.S. Securities Act and applicable securities laws, or an exemption from such registration requirements is available. The translated text of the press release should not be considered official in any way. The only authoritative version of the press release is that of the press release in its original language. The translation will always have to be compared with the source text, which will set a precedent.

In addition, the Company launched an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network ("INN"). During the term of the 14-month agreement, INN will provide advertising to increase awareness of the Company. INN does not provide investor relations or market-making services. The cost of the campaign is $54,900. INN has also subscribed for 1,098,000 units of the Current Offering. No stock options are granted to INN and no other compensation is payable under its mandate.

About Charbone Hydrogen Corporation

Charbone is a green hydrogen company based in North America. The company's strategy is to develop modular and scalable hydrogen production facilities. Charbone intends to produce green hydrogen molecules from reliable and sustainable energy to distinguish itself as a supplier of an environmentally friendly solution for industrial, commercial and mobility users.

About Dig Media Inc. dba Investing News Network

INN is a privately held company headquartered in Vancouver, Canada, dedicated to providing independent information and education to investors since 2007.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements"). These forward-looking statements are often identified by words such as "intends," "anticipates," "expects," "believes," "plans," "likely," or similar words. Forward-looking statements reflect Charbone's management's respective expectations, estimates or projections regarding future results or events, based on the opinions, assumptions and estimates believed by management to be reasonable as of the date the statements are made. Although Charbone believes that the expectations expressed in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to differ materially from those expressed in the forward-looking statements. Risks and uncertainties related to Charbone's business may affect forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, those described under the heading "Risk Factors" in the Company's registration change statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; Actual results or events could cause actual events or results to differ materially from those anticipated in the forward-looking statements.

Except as required by applicable securities laws, Charbone undertakes no obligation to update or revise any forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Benoit Veilleux

Dave B. Gagnon

Chief Financial Officer and Corporate Secretary

Chief Executive Officer and Chairman of the Board of Directors

Charbone Hydrogen Corporation

Charbone Hydrogen Corporation

Phone: +1 450 678-7171

Phone: +1 450 678-7171

Email: bv@charbone.com

Email: dg@charbone.com


Source

Charbone Hydrogen

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Charbone Hydrogen (TSXV:CH)

Charbone Hydrogen


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Westport Announces Closing of Previously Announced Light-Duty Segment Divestiture

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Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT Nasdaq:WPRT), today announced the successful closing of the previously announced transaction to divest its Light-Duty Segment and outlines its strategic vision for future growth, emphasizing expansion of market share, entering new markets and right sizing its current operations.

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BPH Energy Limited  Quarterly Activities Report

BPH Energy Limited Quarterly Activities Report

Perth, Australia (ABN Newswire) - Significant activities by the BPH Energy Limited (ASX:BPH) investees during the June 2025 quarter were as follows:

Advent Energy Limited ("Advent") (BPH 35.8% direct interest) PEP-11 Permit

Advent Energy Limited's100% subsidiary Asset Energy Pty Ltd ("Asset") is a participant in the PEP11 Joint Venture with partner Bounty Oil and Gas NL (ASX: BUY). PEP-11 interests are:

Advent Energy 85 % / Bounty Oil and Gas 15%

On 17 January 2025 the PEP-11 Joint Venture was given notice by NOPTA that the Joint Authority has refused the Joint Venture Applications made on 23 January 2020 and 17 March 2021 and that the PEP-11 permit would continue in force for a period of 2 months from 17 January 2025 (the "Decision").

On 12 February 2025 BPH announced that Asset had applied to the Federal Court for an Originating Application (the "Application") for judicial review pursuant to s 5 of the Administrative Decisions (Judicial Review) Act 1977 (Cth) and s 39B of the Judiciary Act 1903 (Cth) to review the Decision. The Application seeks:

1. An order quashing or setting aside the Decision;

2. A declaration that the Decision is void and of no effect; and

3. An order remitting the First Application and Second Application to the Joint Authority for reconsideration according to law.

On 17 March 2025 the Federal Court made orders by consent further set out in the Company's March 2025 Quarterly Report .

The parties have complied with all programing orders and the matter is now listed for hearing on the 16th and 17th September 2025.

There were no further developments during the June 2025 quarter.

PEP-11 continues in force and the Joint Venture is in compliance with the contractual terms of PEP11 with respect to such matters as reporting, payment of rents and the various provisions of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (Cth).

Cortical Dynamics Limited (Cortical) (BPH 16.4% direct interest)

Technical completion of Cortical's next-generation AI enhanced brain and pain monitoring BARM 2.0 is expected over the next months.

BARM 2.0 is the only solution that unifies hypnotic depth and pain response monitoring, combining EEG with AI in one system, giving clinicians real-time control over anesthesia, and hospitals a smarter, more scalable way to achieve better patient outcomes both during and after surgery.

Post technical completion BARM 2.0 clinical trials are scheduled in the USA and Netherland to be followed by submissions to regulatory authorities worldwide as soon as possible.

Cortical Dynamics was invited to showcase BARM 2.0 at the Australia Regulatory Device Summit 2025, that took place on the 17-18 July at ICC. In attendance were key stakeholders including the US FDA , Therapeutic Goods Administration (TGA) and international regulators from ANVISA (Brazil), HSA (Singapore), and PMDA (Japan). This was a unique chance for Cortical to connect directly with the regulatory community and major global players in medical technology.

Cortical has been selected to exhibit BARM 2.0 at the Medtech on the Hill at Parliament House event in Canberra 27-28 August 22025 organised by Medical Technology Association of Australia (MTAA). In attendance will be Ministers, MPs, Senators, and industry leaders for an evening networking event in Mural Hall, Parliament House. The Showcase brings together a dynamic crosssection of MTAA member companies across therapeutic areas -from Australian startups to global MedTech leaders-offering hands-on demonstrations through a curated patient journey from prevention to management, and the chance to connect directly with the people and companies driving healthcare innovation forward, as well as patients.

MTAA is the peak association representing companies in the medical technology industry. MTAA aims to ensure the benefits of modern, innovative and reliable medical technology are delivered effectively to provide better health outcomes to the Australian community.

Work continues on the development of CORDYAN(TM) which is Cortical Dynamic's new AI focussed predictive App initiative. Utilising proprietary state of the art AI and deep learning expertise Cortical Dynamics is developing game changing medical Apps that can be used in association with BARM 2.0 or standalone and /or be integrated into leading OEM healthcare systems and EMR (electronic medical records).

CORDYAN(TM)'s development has been facilitated by matched grants from MTPConnect, Australia's premier MedTech governmental organisation and ARM-hub a federal government initiative to accelerate AI related technologies in areas of strategic importance.

Clean Hydrogen Technologies (CHT) (BPH 16.2% direct interest)

As of mid-2024 CHT has developed its engineering and catalyst capabilities to a stage where it has proven consistently in its pilot plant in Nashik, India to produce its 2 products; turquoise hydrogen and a carbon composite made from majority CNT (carbon nanotubes) and CNF (carbon nanofibres), where its core process has not CO2 emissions and its feedstock is the hydrocarbons from natural gas . The next stage is to build production facilities in the USA and India, both being highly industrial markets with demand for CHT's products.

As such since mid-2024 CHT has been designing its production facility for India initially which will produce at the end of its Stage 1 build will produce 820 tonnes of hydrogen and 2,462 tonnes of carbon composite. CHT plans to sell it products to the many industrial users in the State of Maharashtra India, home of its planned production site, and likely Louisiana, USA, with several site options identified.

Before finalising production needs and CHT has been going through the ASME (required for operation in USA) and IS2825 (required for operation in India) review of its engineering designs where this process is almost complete.

CHT is now looking to source the funding required to build its plants in the USA and India where within 3-4 months of minimal funding of US$2.5m it will start producing income, initially in India and then the USA, its primary market.

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/0072553O



About BPH Energy Limited:

BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.

The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.

BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.

BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).



Source:
BPH Energy Limited

News Provided by ABN Newswire via QuoteMedia

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Quarterly Activities/Appendix 4C Cash Flow Report

Quarterly Activities/Appendix 4C Cash Flow Report

BPH Energy (BPH:AU) has announced Quarterly Activities/Appendix 4C Cash Flow Report

Download the PDF here.

Charbone Hydrogen

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