Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) announced on July 7, 2026, that heavy civil construction for Phase 1B of its clean ultra-high purity (UHP) hydrogen plant in Sorel-Tracy, Quebec, has commenced. The company also reported the successful installation of a cutting-edge gas chromatography system for on-site batch purity testing, a critical component for ensuring product quality and compliance with relevant standards.
The Phase 1B construction marks a significant milestone for Charbone's vertically integrated industrial gases strategy. Heavy equipment has arrived on-site, and surveyors have completed markings for production areas and the operation and maintenance building. The work involves preparing technological infrastructure and foundational structures for primary equipment assembly. The company aims to make the upgraded production capacity operational during the upcoming fall, which could strengthen its position in the UHP hydrogen market.
The metrology equipment, supplied by a world-renowned leader in life sciences and diagnostics, is specifically engineered for high-purity hydrogen analysis. It will identify traces of impurities and guarantee compliance with purity standards, making Charbone's stringent benchmarks accessible to customers. This capability is expected to enhance sales among clients requiring effective testing solutions, as noted in the company's management statement.
Dave Gagnon, Chairman & CEO of Charbone, stated, "Our upgraded operations in Sorel-Tracy represent another cornerstone of our strategic growth and our commitment toward our shareholders and customers to a world class unique plant in its kind." He emphasized the company's leadership in high-purity gases, fostering innovation and expanding sustainable practices.
Charbone's modular, decentralized approach to UHP hydrogen production serves sectors including semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense. The company's integrated storage and distribution platform supports scalable growth and diversified revenue. By focusing on underserved mid-tier industrial customers, Charbone addresses supply gaps for gases like hydrogen, helium, and oxygen that are often difficult to source.
The announcement underscores the importance of reliable, high-purity hydrogen in critical manufacturing processes. As industries increasingly depend on UHP gases for precision operations, Charbone's progress in Sorel-Tracy could alleviate supply constraints and support local clean energy transitions. The company is listed on the TSX Venture Exchange (TSXV: CH), OTC Markets (OTCQB: CHHYF), and Frankfurt Stock Exchange (FSE: K47). For further information, visit www.charbone.com.
This news release contains forward-looking statements, subject to risks and uncertainties as described in the company's Filing Statement dated March 31, 2022, available on www.sedarplus.ca. Charbone undertakes no obligation to update such information except as required by law.
