CHARBONE Hydrogen Corporation has officially taken possession of hydrogen production and refuelling assets from Harnois Energies Inc., a strategic transaction that will enable the company to rapidly relocate and repurpose proven hydrogen production equipment at its flagship Sorel-Tracy facility. This acquisition positions CHARBONE to begin production of clean ultra high purity hydrogen by early Q4 2025, significantly accelerating the company's timeline for bringing clean hydrogen to market in Quebec.
The importance of this development lies in its potential to accelerate Quebec's transition to clean energy solutions. By utilizing proven, already operational assets, CHARBONE expects to significantly reduce capital installation costs and accelerate time-to-market compared to deploying new systems. This approach represents a more efficient path to establishing North America's first clean ultra high purity hydrogen production and distribution network, addressing the growing demand for clean energy alternatives in industrial and transportation sectors.
Under the terms of the agreement announced on September 5, 2025, CHARBONE has 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, preserving capital for growth initiatives. The strategic significance is further amplified by Harnois' decision to receive a substantial portion of the consideration in CHARBONE equity at market value, underscoring Harnois' recognition of the long-term benefits of aligning with CHARBONE as Quebec's leading clean ultra high purity hydrogen supplier.
This transaction has broader implications for the clean energy sector in North America. The accelerated production timeline at Sorel-Tracy could establish Quebec as an early leader in clean hydrogen production, potentially serving as a model for other regions seeking to develop hydrogen infrastructure. The modular approach being pursued by CHARBONE, which involves building a distributed network of green hydrogen production plants while diversifying revenues via helium and specialty gas partnerships, represents an innovative business model that reduces risk and enhances flexibility in the emerging hydrogen economy.
The company's progress can be tracked through regulatory filings available on SEDAR at https://www.sedar.com, where investors and stakeholders can monitor developments in this rapidly evolving sector. CHARBONE's multi-exchange listing strategy, including the TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange, provides global accessibility for investors interested in the clean hydrogen transition. Additional corporate information is available through the company's website at https://www.charbone.com.
For industries dependent on hydrogen, particularly those seeking to reduce their carbon footprint, this accelerated production timeline could provide earlier access to clean ultra high purity hydrogen. The development supports broader environmental goals while demonstrating practical pathways for existing energy companies to transition their assets and expertise toward cleaner alternatives. As hydrogen continues to gain prominence as a key component of decarbonization strategies, this asset acquisition represents a tangible step toward making clean hydrogen more readily available in North American markets.
