Charbone Hydrogen (TSXV:CH) offers a compelling investment opportunity in the US$89 billion green hydrogen market, leveraging a decentralized approach for scalable plant deployment and focusing on environmentally friendly production to reduce carbon footprints.
Charbone Hydrogen (TSXV:CH,OTCQB:CHHYF,FWB:K47) is the only publicly listed green hydrogen firm in Canada looking to expand across North America (US and Canada) with a pipeline of new projects. This is an opportune time for Charbone as the world races to find effective solutions to meet its net-zero ambitions by 2050. Green hydrogen could be a perfect fit as a potentially low-emitting fuel source. There is an increasing realization of the potential of hydrogen in serving as a low-emissions substitute for fossil fuels in residential as well as industrial use cases.
The Government of Canada has laid out its hydrogen policy, aiming to meet nearly 30 percent of its energy requirement in 2050 by hydrogen, as well as become one of the top three clean hydrogen producers globally. The presence of abundant hydroelectric power, favorable government policies, and a progressive tax regime should boost hydrogen production in the country. The 2023 federal budget includes more than $17 billion in tax credits over the next five years to help fund clean energy projects, including hydrogen.
Green hydrogen: key element to decarbonize the world
The US Department of Energy expects to produce 10 million metric tons (MMT) of hydrogen annually by 2030 and eventually reach 50 MMT by 2050. According to US Deputy Secretary of Energy David Turk, 50 MMT of hydrogen could power every bus, train, plane and ship in the US.
Charbone stands to benefit from rapid adoption of hydrogen as an alternative to fossil fuels. Moreover, Charbone’s focus solely on “green hydrogen” should further its position among investors looking for opportunities to invest in sustainable energy solutions. Green hydrogen is produced when the energy used to power electrolysis comes from renewable sources like wind, water, solar or nuclear. Charbone has clearly stated its intentions to leverage hydropower and nuclear energy to produce hydrogen.
Carbone forged strong partnerships to execute its business model.
The company plans to construct 16 hydrogen projects across North America (six in Canada and 10 in the US) over the next four years. The first of which is under construction at Sorel-Tracy in Quebec. The Sorel-Tracy facility is located on a 40,000-square-meter land parcel along Quebec Highway 30, known as the “Steel Highway” because of the numerous steel mills and process plants operating along the highway.
The construction of Phase 1 of its Sorel-Tracy facility is being done in partnership with EBC, one of the largest construction companies in Quebec. EBC has a proven track record of designing and building facilities in Canada and the US. The partnership agreement gives EBC the right of first refusal to construct additional Sorel-Tracy phases, as well as one or all of Charbone’s facilities within the North American market.
In addition, Charbone has entered into several other strategic partnerships all aimed to expand its footprint in North America. The company entered into a special consultancy agreement with Enki GéoSolutions for potential partnership proposals as a co-operator and distributor of an emerging form of clean and renewable hydrogen, known as white or natural hydrogen.
In June 2024, Carbone executed a supply agreement for a complete containerized electrolyzer system ready for shipment to its flagship green hydrogen site in the City of Sorel-Tracy, Quebec. The electrolyzer has a higher capacity than originally planned and will significantly enhance initial operational capacity estimates. The company also acquired its first tube trailer for the transport and bulk delivery of compressed green hydrogen produced from the City of Sorel-Tracy, Quebec flagship project to local and domestic customers.
This partnership allows Charbone to sell hydrogen produced at the Sorel-Tracy facility to Superior Propane, a subsidiary of Superior Plus. Such supply agreements ensure that Charbone can generate cash flow immediately following the commencement of production.
Carbone Hydrogen entered into an off-take partnership with Superior Plus on the supply and
distribution of green hydrogen.
Another such supply agreement was signed in November 2023 with NEK Community Broadband, which ensures the supply of green hydrogen in the Northeast Kingdom of the state of Vermont (USA). NEK Broadband is building a high-speed broadband infrastructure and plans to install a hydrogen fuel cell backup system for a reliable power supply.
Further advancing its goal of US expansion, Charbone signed a memorandum of understanding in December 2023 with Michigan’s Oakland County Economic Development Department to set up Charbone’s first green hydrogen facility in the United States. Oakland County is home to major automakers, and a green hydrogen facility in their proximity will support the effort of producing environmentally friendly mobility options.
Being the only publicly listed green hydrogen player in Canada, Charbone offers investors a unique opportunity to participate in the rise of green hydrogen as a potential low-emitting alternative to fossil fuels.
Dave Gagnon has been chairman and chief executive officer of Charbone Hydrogen Corporation since April 21, 2022. He has been a climate tech entrepreneur for the last 25 years, and was the first entrepreneur in Canada to start a wind turbine company and offer a new alternative energy solution in North America. Gagnon also worked with an institutional investor that manages several public pension plans, Caisse de depot et placement du Quebec, where he gained deep knowledge of the financial markets.
Benoit Veilleux was appointed as the CFO of Charbone on August 15, 2022. Veilleux has over 15 years of experience in corporate accounting and finance. He began his professional career at KPMG in 2003, where he managed and coordinated audit teams for public companies until 2010. Since then, he has worked with a number of companies including Air Liquide Canada and the Hypertec Group.
Daniell Charette has been the chief operating officer of Charbone since February 2019. He brings over 25 years of experience in running and managing renewable energy companies. He has worked in senior leadership roles with several renewable companies including NEG Micon A/S, Vestas and Brookfield Power. He has served on various association boards and councils, including the Canadian Wind Energy Association, Association Québécoise des Producteurs d’Énergie Renouvelable, and Latin Wind Energy Association.
Francois Vitez is a hydropower and energy storage expert with more than 24 years of experience in the development, engineering and construction management as well as operations and maintenance of hydropower and energy storage projects in North America and internationally. He is a board member and chair of the Value of Hydropower committee at Waterpower Canada, vice-chair of the Energy Storage Association of Canada, board member of the California Energy Storage Association, and member of the International Hydropower Association.
Patrick Cuddihy is a seasoned operations leader with over 20 years of experience at Air Liquide Canada, to its hydrogen operations team. Patrick brings a wealth of expertise in managing industrial gas production and distribution, having held senior roles including network sales director for Quebec Region, general manager for Pacific Region, director of procurement services, and director of logistics and assets for the Eastern Region.
(TheNewswire)
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Brossard, Québec, le 12 février 2025 TheNewswire - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert, est heureux d'annoncer la nomination de M. Jean-Claude Gonneau comme nouvel administrateur de Charbone, qui sera élu lors de l'assemblée générale annuelle et extraordinaire des actionnaires le 28 mars 2025.
M. Jean-Claude Gonneau est un dirigeant chevronné et un conseiller senior comptant plus de 40 ans d'expérience pertinente. Il a occupé des postes clés de direction et de banquier d'investissement en tant que fondateur et directeur général de Camden Associates, une banque boutique d'investissement gagnante de plusieurs prix. M. Gonneau est un dirigeant très performant et reconnu, spécialisé dans l'élaboration et l'exécution de stratégies complexes de développement d'entreprise et d'affaires dans le secteur bancaire et de banque d'investissement, en particulier dans les domaines de la technologie, de la technologie verte et de la biotechnologie, ainsi que dans le domaine de l'énergie et de l'exploitation minière non conventionnelles. Il possède une vaste expérience internationale, ayant travaillé chez Duet Asset Management, SG Cowen, Donaldson Lufkin & Jenrette, First Boston Corporation et BNP Paribas. De plus, M. Gonneau est un excellent communicateur doté de solides compétences interpersonnelles et de leadership. Il a fait ses preuves dans le développement de nouvelles affaires, le développement de marchés, la planification stratégique, la recherche de fonds et dans des rôles de direction en marketing, de plus, il a de l'expérience dans les start-ups, les situations de redressement et le développement de stratégies d'entreprise.
M. Gonneau a également été membre du conseil d'administration de plusieurs sociétés cotées en bourse et privées au Canada, aux États-Unis et en France.
En tant que cadre supérieur et membre de conseils d'administration chevronné, M. Gonneau apportera une expérience complémentaire exceptionnelle au conseil d'administration de Charbone.
Règlements de dettes par émission d'actions
Charbone est heureuse d'annoncer des règlements de dettes de rémunération pour un total de 310 000$ avec certains membres du management, incluant son chef de la direction, par l'émission de 4 133 334 actions ordinaires à un prix établi à 0.075$ par action ordinaire.
Dans un effort de conserver son capital, la Société a conclu ces ententes de règlement de dettes avec certains membres du management, incluant son chef de la direction, pour régler des dettes de rémunération. Tout règlement de dette sera attesté par une entente formelle et selon la politique 4.4 – Rémunération en titres du Guide du financement des sociétés, les Actions pour Dettes sont sujets à l'approbation des actionnaires désintéressés avant l'émission comme la valeur réputée des actions ordinaires à émettre regroupées excède 10 000$ par mois. Tous les titres émis dans le cadre d'un règlement de dettes feront l'objet d'une période de conservation réglementaire de quatre mois au Canada.
Mise-à-jour sur la modification des conditions des débentures convertibles
Suite à son communiqué de presse daté du 10 juin 2024 annonçant l'accord de principe visant à modifier certaines modalités des débentures convertibles garanties de la Société (chacune, une « Débenture ») qui ont été originalement émises par la Société dans le cadre du placement privé de débentures d'un montant principal total de 1,2 million $ CA de débentures convertibles garanties à 14 %, et son communiqué daté du 4 décembre 2024, confirmant que toutes les exigences ont été satisfaites, la Société est maintenant heureuse d'annoncer la réception de l'approbation finale de la Bourse de croissance TSX. Elle a modifié et émis de nouvelles débentures en date du 29 janvier 2024, pour un montant total de 1 346 366 $, qui expireront le 31 octobre 2025, avec un taux d'intérêt annuel de 12 % et un prix de conversion de 0,10 $ par action par débenture. Avant l a modification, la date d'expiration était l e 7 octobre 2024, le taux d'intérêt annuel à 14 % et le prix de conversion à 0,40 $ par action par débenture
À la suite de l'approbation de la transaction par la Bourse, Charbone a émis 1 346 366 bons de souscription aux détenteurs de la Débenture. Chaque bon de souscription donne droit au détenteur d'acheter une action ordinaire supplémentaire de la Société à un prix d'exercice de 0,10 $ au plus tard le 31 octobre 2025.
Octroi d'options d'achat d'actions ordinaires
Charbone est heureuse d'annoncer l'octroi de 5 200 000 options d'achat d'actions de Charbone (les « Options ») à des administrateurs et des hauts dirigeants. Ces Options sont octroyées conformément aux conditions du régime d'options d'achat d'actions de Charbone. Chaque Option permet à son détenteur d'acheter une action ordinaire de la Société au prix de 0,15 $ par action ordinaire pendant une période de deux ans à compter du 12 février 2025.
À propos de Charbone Hydrogène Corporation
Charbone est une compagnie intégrée de production d'hydrogène vert axé sur la création d'un réseau nord-américain d'usines de production. En utilisant des énergies renouvelables, Charbone produit du dihydrogène (H2) respectueux de l'environnement pour les utilisateurs industriels, institutionnels, commerciaux et de la mobilité future. Charbone est présentement la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert avec ses actions listées sur la Bourse de croissance TSX (TSXV: CH); les marchés OTC (OTCQB: CHHYF); et la Bourse de Francfort (FSE: K47). Pour plus d'informations sur CHARBONE Hydrogen et ses projets, veuillez visiter www.charbone.com .
Énoncés prospectifs
Le présent communiqué de presse contient des énoncés qui constituent de « l'information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l'intention », « anticipe », « s'attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s'y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l'inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l'adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.
Sauf si les lois sur les valeurs mobilières applicables l'exigent, Charbone ne s'engage pas à mettre à jour ni à réviser les déclarations prospectives.
Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n'acceptent de responsabilité quant à la pertinence ou à l'exactitude du présent communiqué.
Pour contacter Corporation Charbone Hydrogène :
Téléphone bureau: +1 450 678 7171 | ||
Courriel: ir@charbone.com | ||
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Brossard, Québec, February 12, 2025 TheNewswire - Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, is pleased to announce the nomination of Mr. Jean-Claude Gonneau as a new Board member of Charbone, who will be elected at the Annual General and Extraordinary Meeting of Shareholders on March 28, 2025 .
Mr. Jean-Claude Gonneau is a seasoned executive and senior advisor with over 40 years of relevant experience. He has held key management and investment banking roles as the Founder and General Manager of Camden Associates, an award-winning investment banking boutique. Mr. Gonneau is a high-performing leader and a proven executive, specializing in developing and executing corporate and business development strategies in banking and investment banking, particularly in technology, Greentech, and biotech, as well as non-conventional energy and mining. He possesses extensive international experience, having worked at Duet Asset Management, SG Cowen, Donaldson Lufkin & Jenrette, First Boston Corporation, and BNP Paribas. Additionally, Mr. Gonneau is an excellent communicator with strong interpersonal and leadership skills. He has a successful track record in new business development, market development, strategic planning, fundraising, and executive marketing roles, and he has experience with start-ups, turnaround situations, and corporate strategy development.
Mr. Gonneau has also served as a board member for several publicly traded and private companies in Canada, the United States, and France.
As a seasoned senior executive and board member, Mr. Gonneau will provide exceptional complementary experience to the Board of CHARBONE.
Shares for Debts Issuance
CHARBONE is pleased to announce shares for debt settlements totaling $310,000 in management remuneration debts, including that of the Chief Executive Officer, through the issuance of 4,133,334 common shares at a deemed value of $0.075 per share .
To conserve its capital, the Corporation entered into debt settlement agreements with certain management members, including its Chief Executive Officer, to address remuneration debts. Any debt settlement will be formalized through an agreement and in accordance with Policy 4.4 – Security Based Compensation of the Exchange Corporate Finance Manual . The Shares for Debt are subject to acceptance by the Exchange and require disinterested shareholder approval, as the deemed value of the Common Shares to be issued exceeds $10,000 in aggregate per month. Any securities issued as part of a debt settlement will be subject to a statutory four-month hold period in Canada.
Update on the Amendment to Terms of Convertible Debentures
Following its news release dated June 10, 2024, announcing the agreement of principles to amend certain terms of the secured convertible debentures of the Company (each, a "Debenture" ) originally issued in connection with a private placement totaling CA$1.2 million of 14% secured convertible debentures, and its release dated December 4, 2024, confirming that all requirements have been met, the Company is now pleased to announce receipt of the final approval from the TSX Venture Exchange. It has amended and issued new Debentures as of January 29, 2024, for an aggregate amount of $1,346,366, which will expire on October 31, 2025, featuring an annual interest rate of 12% and a conversion price of $0.10 per Debenture Share. Before the amendment, the expiry date was on October 7, 2024, the annual interest rate at 14% and the conversion price at $0.40 per Debenture Share.
Following the Exchange's approval of the transaction, CHARBONE has issued 1,346,366 warrants to the Debenture holders. Each warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $ 0.10 on or before October 31, 2025.
Grant of Common Share Purchase Options
CHARBONE is pleased to announce the grant of 5,200,000 common share purchase options of CHARBONE ( " Options " ) to directors and executives. These options are granted in accordance with the conditions of the CHARBONE stock option plan. Each Option allows its holder to purchase one common share of the Company for $0.15 per share for a period of two (2) years starting February 12, 2025.
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on Charbone Hydrogen and its projects, please visit www.charbone.com
Forward-Looking Statements
This news release contains statements that are "forward-looking information" as defined under 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. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected 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 be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Contact Charbone Hydrogen Corporation | |
Telephone: +1 450 678 7171 | |
Email: ir@charbone.com | |
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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Brossard, Québec, le 31 janvier 2025 TheNewswire - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert, a le plaisir d'annoncer une prolongation de 30 jours, sous réserve de l'approbation de la Bourse, jusqu'au 5 mars 2025 pour le financement par placement privé d'un maximum de 6 millions de dollars américains de dette convertible non garantie. La Société continue de susciter un intérêt important pour cette levée de fonds, comme en témoigne la clôture de 1,5 M$ US (2,1 M$ CA) le 4 décembre 2024. Ainsi, tout en achevant les discussions avancées sur les projets de la Société et son avenir bien perçu par les actuels investisseurs intéressés, la Société a décidé de prolonger le délai pour les parties intéressées.
Le financement est sous forme de billets convertibles non garantis d'une durée de 36 mois à un taux d'intérêt annuel de 12 %, menée par son banquier américain, venant à échéance en 2028 ou convertibles plus tôt.
De plus, Charbone a reçu 338 872 $ supplémentaires provenant de l'exercice de bons de souscription au 30 janvier 2025.
Par ailleurs, la Société a réservé la date du 28 mars 2025 pour son Assemblée Générale Annuelle et Extraordinaire des Actionnaires de 2023. De plus amples détails seront envoyés aux actionnaires de la Société en date du 6 février 2025.
À propos de Charbone Hydrogène Corporation
Charbone est une compagnie intégrée de production d'hydrogène vert axé sur la création d'un réseau nord-américain d'usines de production. En utilisant des énergies renouvelables, Charbone produit du dihydrogène (H2) respectueux de l'environnement pour les utilisateurs industriels, institutionnels, commerciaux et de la mobilité future. Charbone est présentement la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert avec ses actions listées sur la Bourse de croissance TSX (TSXV: CH); les marchés OTC (OTCQB: CHHYF); et la Bourse de Francfort (FSE: K47). Pour plus d'informations sur CHARBONE Hydrogen et ses projets, veuillez visiter www.charbone.com .
Énoncés prospectifs
Le présent communiqué de presse contient des énoncés qui constituent de « l'information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l'intention », « anticipe », « s'attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s'y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l'inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l'adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.
Sauf si les lois sur les valeurs mobilières applicables l'exigent, Charbone ne s'engage pas à mettre à jour ni à réviser les déclarations prospectives.
Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n'acceptent de responsabilité quant à la pertinence ou à l'exactitude du présent communiqué.
Pour contacter Corporation Charbone Hydrogène :
Téléphone bureau: +1 450 678 7171 | ||
Courriel: ir@charbone.com | ||
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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Brossard, Quebec, January 31, 2025 TheNewswire - Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, is pleased to announce a 30-day extension, subject to Exchange approval, until March 5, 2025 for the private placement financing of a maximum of US$6 million unsecured convertible debt. The Company continues to receive significant interest in this raise, as seen in closing US$1.5M (CA$2.1M) on December 4, 2024. As such, while completing advanced discussions about the Company projects and future well perceived by actual interested investors, the Company decided to extend the timeline for interested parties.
The offering is an unsecured convertible note with a 36-month term at a 12% annual interest rate, led by its US banker, maturing in 2028 or convertible earlier .
Additionally, Charbone has received an additional 338,872$ from exercises of warrants as of January 30, 2025
Also, the Company has reserved March 28, 2025 for its 2023 Annual General and Extraordinary Meeting of Shareholders. Further details will be sent to the Company's shareholders as of February 6, 2025.
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on Charbone Hydrogen and its projects, please visit www.charbone.com
Forward-Looking Statements
This news release contains statements that are "forward-looking information" as defined under 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. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected 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 be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Contact Charbone Hydrogen Corporation | ||||
Telephone: +1 450 678 7171 | ||||
Email: ir@charbone.com | ||||
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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Brossard, Quebec TheNewswire - January 15, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, is pleased to announce that it has received confirmation from Hydro-Quebec that the Company's Sorel-Tracy flagship project will be officially connected to the grid on or before March 4 th 2025.
This new and important engineering milestone guarantees clean energy sourcing for CHARBONE's Sorel-Tracy flagship project to commence green hydrogen production.
" It has been a long journey to get to this point, but our time has come , " said Daniel Charette, COO of CHARBONE, " Our sincere thanks to the Hydro-Quebec engineering and development departments for their extraordinary collaboration, trust in our project and hard work to get all the internal and external approvals in place to make this project a reality. We are fortunate to have top-notch engineering talent working with a group of dedicated contractors to make this all possible, and this launch will be the first of many to come across North America. "
CHARBONE team would like also to announce the nomination and congratulate CHARBONE's Chief Operation Officer, Mr. Daniel Charette, as the new President of Hydrogen Quebec Association as of January 1 st , 2025, which regroup over 50 members which are involved in equipment manufacturing, production and distribution of hydrogen. We know that Daniel is a leader and will continue to work hard to promote the hydrogen place in Quebec and in Canada, we are wishing him all the best in this position, the CHARBONE team is behind him!
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on Charbone Hydrogen and its projects, please visit www.charbone.com
Forward-Looking Statements
This news release contains statements that are "forward-looking information" as defined under 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. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected 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 be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Contacts Charbone Hydrogen Corporation | ||||
Dave B. Gagnon | ||||
Chief Executive Officer and Chairperson of the Board | ||||
Telephone: | +1 438 844-7170 | |||
Email: | ||||
Daniel Charette | ||||
Chief Operating Officer | ||||
Telephone: | +1 438 800-4946 | |||
Email: | ||||
Benoit Veilleux | ||||
Chief Financial Officer and Corporate Secretary | ||||
Telephone: | +1 438 800-4991 | |||
Email: | ||||
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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
Contact:
David Breeze
admin@bphenergy.com.au
www.bphenergy.com.au
T: +61 8 9328 8366
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Jupiter Energy’s cash-flow positive standing, substantial proven recoverable reserves and long-term strategic positioning in resource-rich Kazakhstan, make a compelling investment value proposition. Its commitment to sustainable operations, backed by its recent strategic investment in developing its 100 percent gas utilisation infrastructure, adds to the company’s investor appeal.
Jupiter Energy (ASX:JPR) is an established oil exploration and production company that operates three oilfields in Kazakhstan. The company has been producing approximately 600 to 700 barrels of oil per day from its licensed fields and has successfully navigated Kazakhstan’s regulatory and operational landscape since 2008. Its operations are fully compliant, with its three commercial production licenses secured until 2045/46/49. Jupiter Energy’s reserve base has been independently confirmed by a Sproule International competent person’s report (CPR), effective 31 December 2023, detailing significant recoverable reserves.
Jupiter Energy has a reputation as a reliable operator in the region. The company holds 100 percent ownership of its licenses, which cover a total area of approximately 123 sq km in the oil-rich Mangistau region. The license area is close to the port city of Aktau and strategically located in an area with established oil processing facilities and substantial oil and gas infrastructure, including pipelines to the country’s major oil refineries.
Jupiter has successfully transitioned its oilfields through the various regulatory phases required to reach full commercial production. Its three oilfields – Akkar East, Akkar North (East Block) and West Zhetybai – all operate under their respective 25-year full commercial licences. The company’s established compliance and operational framework underline its commitment to long-term sustainable production in Kazakhstan.
According to the Sproule International CPR, released in January 2024, Jupiter Energy’s recoverable reserves under the SPE/PRMS classification are as follows:
These figures confirm Jupiter’s substantial reserve base, with its Kazakh State Approved Reserves recorded at approximately 52 mmbbls (GOST C1 + C2 classification).
The company is also building the necessary pipelines to enable its current and future production wells to be connected into its larger neighbour’s existing gas utilisation infrastructure. This development will allow for the processing and utilisation of associated gas generated during oil production, not only complying with Kazakhstan’s legislation that is focussed on carbon-free operations but also benefiting the local community and contributing to Kazakhstan’s objective of reaching carbon neutrality over the coming decades. This project has seen close collaboration between Jupiter Energy, its larger oil producing neighbour and the Kazakh Ministry of Energy, thereby strengthening its relations with the Kazakh government and its people.
At the helm of Jupiter Energy is a highly experienced corporate and technical leadership team, driving the company towards achieving its goals and increasing shareholder value.
Block 31 is Jupiter Energy’s flagship project located in the Mangistau Basin of West Kazakhstan. Covering an area of approximately 123 sq km, it lies in a highly prospective region with proven oil reserves. The company acquired extensive 3D seismic data over the entire block and surrounding areas, totaling 235 sq km, which then enabled the identification of multiple drilling targets.
Jupiter has since drilled nine wells on Block 31, targeting the Akkar North (East Block), Akkar East, and West Zhetybai oilfields. The current production from Block 31 is approximately 640 barrels of oil per day, with plans to increase output to around 1,000 barrels per day with the drilling of a new well, with the spud data of this well expected in late November 2024. Further increases in production will come via the workovers of existing wells and the drilling of further new wells, planned from 2025 to 2030.
Block 31's strategic significance is bolstered by its newly constructed gas utilization infrastructure, which will allow for the processing and management of associated gas produced during oil production, ensuring this gas is 100 percent utilised by the company, its larger oil producing neighbour and/or by local communities. Kazakhstan has imposed stringent regulations against gas flaring, the practice of burning gas by-products that are generated during oil production. This means that 100 percent gas utilisation is a mandatory requirement for oil producers with full commercial licences in Kazakhstan.
Jupiter’s gas utilisation infrastructure, currently under construction, is expected to be approved for operation in November 2024. This will enable its oilfields to connect to a larger neighbouring producer’s existing gas utilisation facility, which will in turn process and manage the oilfields’ gas by-product. The strategic investment in gas utilisation infrastructure strengthens Jupiter’s relations with the local community and signifies its commitment to sustainable production and helping Kazakhstan reach carbon neutrality in the coming decades.
Geoff Gander graduated from the University of Western Australia in 1984, where he completed a Bachelor of Commerce degree. He has been involved in the listing and running of public companies since 1994. He was appointed as a director of Jupiter Energy in January 2005 and he is currently responsible for the overall operational leadership of the company, as well as investor relations and group corporate development.
Baltabek Kuandykov is currently the president of Meridian Petroleum, a privately held Kazakh oil & gas company. He was formerly the president of Nelson Resources, an oil development and production company operating in Kazakhstan which was listed on the Toronto Stock Exchange until its acquisition by Lukoil in 2005. Kuandykov has considerable experience in the oil and gas industry in the region, having served as president of Kazakhoil (predecessor of the Kazakh State oil company KazMunaiGas), and is a well-respected consultant to Chevron Overseas Petroleum on CIS projects. He also worked in a senior capacity for Kazneftegazrazvedka and was president of Kazakhstancaspishelf. Kuandykov has extensive government experience in Kazakhstan, having served as deputy minister of geology, head of the oil and gas directorate at the Ministry of Geology, and was deputy minister of energy and fuel resources.
Alexey Kruzhkov holds an engineering degree and an MBA with over 10 years’ experience working in the investment industry, focusing primarily on the oil & gas, mining and real estate sectors. He has served as a director on the boards of companies listed in Canada and Norway. He is a member of the executive team of Waterford Finance and Investment Limited. He holds British and Russian citizenships.
Alexander Kuzev is an oil industry professional with over 26 years of experience. Most of his career has been spent working in the Former Soviet Union with much of that time responsible for the overall management of field operations with a focus on production sustainability, technology and field maintenance. He brings an important technical advisory skill set to the Jupiter Energy board, as well as in-country experience, having been involved with various Kazakhstan-based oil and gas operations since the late 1990s.
Keith Martens has over 40 years’ experience as an oil finder and manager around the world. He has served as a technical advisor and consultant to a number of Australian oil & gas companies, and was instrumental in the discovery of Jupiter’s Akkar East and West Zhetybai oil fields when he was consulting to Jupiter Energy between 2007 and 2014. More recently, Martens has been working on the Eastern Margin of the Permian Basin in Texas with Winchester Energy and in the Paradox Basin in Utah and Colorado, as both lead explorationist and non-executive chairman of ASX listed Grand Gulf Energy (ASX:GGE).
Coelacanth presents a compelling investment opportunity with its ownership of approximately 150 net sections in the Montney Formation in the Two Rivers oil and liquids rich natural gas region, boasting $64.4 million in working capital and a strategic position near major producers.
Coelacanth Energy (TSXV:CEI) is a junior oil and natural gas exploration and development company, focusing primarily on the prolific Montney region in northeastern British Columbia, Canada. With a substantial landholding of approximately 150 net sections in the Two Rivers area of Montney, Coelacanth is strategically positioned to harness the potential of one of the most resource-rich natural gas basins in North America. This company sets itself apart with its well-structured growth strategy, financial stability, and commitment to sustainability, making it one of the promising junior players in the region.
Coelacanth Energy has established a strong foundation to deliver on its future production targets by ensuring it is fully permitted and funded to embark on its infrastructure developments. The company is in the process of deploying $ 80 million to facilitate the smooth transition from exploration to production. Coelacanth’s financial health is further evidenced by its $64.4 million in working capital as of Q2 2024. This financial cushion not only supports ongoing infrastructure projects but also provides the company with the flexibility to expand its operations.
Capital deployed for project development will be allocated towards constructing processing facilities, pipelines, and necessary gathering lines, which are all crucial components for transporting and processing oil and gas. With processing contracts secured for up to 60 million cubic feet per day (mmcf/d) and long-term gas takeaway agreements for 100 mmcf/d, Coelacanth is well-positioned to scale its production quickly and efficiently. The company aims to have its infrastructure fully operational by mid April 2025, ramping up cashflow, marking a significant milestone in its transition to a full-scale production company.
The Montney Formation is recognized as one of the most significant natural gas reserves in North America, covering large portions of British Columbia and Alberta. Known for its high levels of natural gas and natural gas liquids (NGLs), Montney has attracted numerous large oil and gas producers, including companies like Canadian Natural Resources (CNQ), Shell, ARC Resources (ARX), Tourmaline Oil Corp (TOU), and ConocoPhillips (COP). The presence of such large players highlights the importance of this region in contributing to both the Canadian and global energy markets.
Coelacanth’s landholdings are strategically located in the Two Rivers area of Montney, giving it access to a highly productive portion of the basin. Unlike many junior exploration companies, Coelacanth is drill-ready, positioning it favorably among its peers. By securing significant infrastructure and landholdings, Coelacanth ensures its ability to tap into the natural gas and oil resources that lie beneath its properties, a key advantage in the competitive Montney region.
Coelacanth Energy Inc. has adopted a well-defined two-pronged strategy for growth, which focuses on both immediate production goals and long-term resource development. This approach provides a balanced focus on infrastructure development and resource delineation.
Coelacanth is focused on delineating its land base resources alongside infrastructure development. This involves drilling wells to explore and prove the extent of hydrocarbon deposits across multiple zones within the Montney Formation. By continuing to delineate its resources, the company aims to demonstrate the productivity and economic viability of its assets, which is critical for long-term growth. The delineation process also helps Coelacanth de-risk its projects, ensuring that future drilling activities are economically sound.
Compelling test results and initial reserves bookings
The Two Rivers East project is Coelacanth’s primary development focus. This area has shown significant potential for oil and gas production, with initial tests yielding compelling results. The proved and probable reserves (P+P) for Two Rivers East are estimated at 1,532 mboe per well, with approximately 30 percent of the reserves comprising oil and NGLs. Initial production tests from wells in the Lower Montney zone have confirmed the commerciality of this resource, with one well producing 1,345 barrels of oil equivalent per day at (boepd) at 61 percent oil, and three others producing an average of approximately 1,300 boepd at averaging 38 percent oil. These results underscore the viability of Two Rivers East as a key asset for Coelacanth’s future growth.
The Two Rivers West project also holds considerable proved and probable reserves of approximately 1,148 mboe, 34 percent of which consist of oil and NGLs. Similar to Two Rivers East, initial production tests have demonstrated strong deliverability. For example, the Upper Montney well in this region produced an average of 1,284 boepd during its test phase. These tests indicate that the Two Rivers West project will contribute significantly to Coelacanth’s production capabilities as it continues to expand its operations.
Coelacanth’s strategic location in the Montney, coupled with large contiguous landholdings and established infrastructure, positions the company for long-term growth. The company’s land position in the light oil window of Montney further enhances its value, as light oil typically commands a premium over heavier oil grades. Coelacanth is the number one landholder in this lucrative area, providing it with a significant competitive edge.
Moreover, Coelacanth’s management team has a proven track record, having successfully built and sold six oil and gas companies prior to founding Coelacanth. This experience adds credibility to the company’s long-term growth strategy, instilling confidence that Coelacanth can replicate its past successes in the Montney region.
Rob Zakresky has a significant background in the oil and gas sector, previously serving as the president and CEO of Leucrotta Exploration as well as five additional predecessor companies. He has been with Coelacanth Energy since its inception and is recognized for his strategic leadership and focus on enhancing shareholder value. His expertise in financial management and operations is reflected in his approach to driving the company's growth.
Bret Kimpton joined Coelacanth Energy in 2022, bringing a wealth of experience from his previous role as vice president of production at Storm Resources, where he contributed to significant production growth. He has a strong background in construction and operations, especially in the Montney region of British Columbia, managing various fields. His role at Coelacanth focuses on overseeing operational efficiency and implementing the company's growth strategies.
Nolan Chicoine has also been with Coelacanth Energy since its inception. His responsibilities encompass financial oversight, including financial planning, reporting, and analysis. He plays a crucial role in aligning the financial strategies with the company's operational goals. His background includes significant experience in financial management as CFO for Leucrotta Exploration, Crocotta Energy, and Chamaelo Energy.
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Source Rock Royalties Ltd. (TSXV: SRR) ("Source Rock") is issuing this news release to confirm the record date and payment date for the January 2025 monthly dividend.
As previously announced on January 15, 2025, the board of directors of Source Rock has declared a monthly dividend of $0.0065 per common share, payable in cash on February 14, 2025 to shareholders of record on January 31, 2025. This information was disseminated by financial news providers and was therefore available to TSX Venture Exchange participating organizations, the financial community and other market participants.
On February 6, 2025, the TSX Venture Exchange issued an administrative bulletin notifying the market of a late dividend notice, indicating the common shares will begin trading on an ex-dividend basis effective February 07, 2025. Source Rock confirms that the shareholders of record on January 31, 2025 will receive the dividend payable on February 14, 2025. For further information, please refer to the news release dated January 15, 2025, available on Source Rock's website or contact Brad Docherty, Chairman, President & CEO at brad@sourcerockroyalties.com or 403-473-8076.
About Source Rock Royalties Ltd.
Source Rock is a pure-play oil and gas royalty company with an existing portfolio of oil royalties in southeast Saskatchewan, central Alberta and west-central Saskatchewan. Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock's strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.
Contact Information
For more information about Source Rock, visit www.sourcerockroyalties.com or contact Brad Docherty, Chairman, President & CEO at brad@sourcerockroyalties.com.
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 of this release.
Not for distribution to U.S. news wire services or dissemination in the U.S.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239989
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