Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, today announced the release of its updated Corporate Presentation and Fact Sheet, available in the Investors section of the Company’s website at www.charbone.com. The updated materials provide investors and stakeholders with a refreshed view of Charbone’s vertically integrated industrial gases platform, the structural growth dynamics shaping the global ultra-high purity (UHP) gas market, and the Company’s growing portfolio of clean UHP hydrogen production plants across Canada, the United States, and Asia-Pacific.
Charbone operates in a critical segment of the modern industrial economy. The updated investor materials highlight the favorable market backdrop supporting the Company’s growth strategy, with demand drivers anchored in semiconductor fabrication, AI and data centers, advanced pharmaceuticals and biotech, aerospace and defense, and precision laboratories. According to the release, the global UHP gas market is projected to grow from approximately US$37.5 billion in 2025 to US$52.8 billion by 2030, representing a CAGR of 7.1% (MarketsandMarkets - High Purity Gas Market Report 2025). The supply gap is created by a handful of mega-plant operators, creating a structural opening for regional, modular and decentralized producers and distributors like Charbone.
Clean UHP hydrogen is Charbone’s core production molecule. Global hydrogen demand reached nearly 100 million tons in 2024, with less than 1% sourced from low-emissions production (IEA Global Hydrogen Review 2025). Low-emissions hydrogen production is expected to reach 4.2 Mtpa by 2030, a fivefold increase versus 2024 (IEA Global Hydrogen Review 2025). Drivers include semiconductor fabs, AI data centers, carbon-price pressure and industrial decarbonization mandates.
UHP helium is also a strategic, high-margin and supply-constrained gas. Classified by the European Union, Canada and the United States as a strategic critical material (European Commission Critical Raw Materials Act 2023, Natural Resources Canada Critical Minerals List 2024), helium has no viable substitutes in semiconductor manufacturing, MRI imaging, aerospace, and fiber optics. The global helium market is projected to grow from approximately US$3.3 billion in 2025 to US$5.5 billion by 2034 (Grand View Research, 2025–2034). Semiconductors accounted for approximately 24% of global helium consumption in 2025, projected to rise to approximately 30% by 2030 (U.S. Geological Survey Mineral Commodity Summaries: Helium 2025). Highly geographically concentrated supply creates chronic shortage risk and pricing power for reliable regional distributors.
The UHP semiconductor gas market is projected to grow from approximately US$7.4 billion in 2025 to US$14.2 billion by 2034, at a CAGR of 7.5% (MarketsandMarkets - High Purity Gas Market Report 2025). Charbone’s updated Corporate Presentation provides additional clarity on its project pipeline. The Company’s modular, demand-driven approach is designed to deploy up to 16 hydrogen projects in proximity to end-users, at a fraction of the capital intensity of traditional centralized mega-plants. Each project is designed with up to 5 phases of production capacity, each deployed within 6-12 months in line with local demand and access to local renewable energy.
Charbone’s flagship project in Sorel-Tracy, Quebec, Canada, achieved Phase 1A commercial production in Q4 2025, with continuous commercial production and initial hydrogen revenues. Multiple U.S. and Canadian sales were confirmed in Q1 2026. The modular build-out scales from 2.25 MW to 25.65 MW of installed electrolysis capacity, with indicative annual sales potential by phase: C$5.1M (Phase 1), C$11.0M (Phase 2), C$17.0M (Phase 3), C$37.4M (Phase 4) and C$66.0M (Phase 5). Power is supplied by renewable baseload electricity from Hydro-Quebec, with greenhouse gas emissions expected to be reduced by approximately 10 kilograms of CO2 for every kilogram of hydrogen produced.
In Detroit, Michigan, Phase 1 capacity is 1 ton per day of clean UHP hydrogen, strategically located in the Great Lakes corridor with proximity to growing semiconductor and advanced manufacturing customers. Next steps include site selection and site permitting/development in H1 2026, with Phase 1 launch targeted for H2 2026. In Wisconsin, Phase 1 capacity is 200 kg per day (0.5 MW), leveraging the Company’s Wolf River hydro dam assets for renewable power, with land of approximately 157,687 sq. ft. owned by Charbone. Site permitting/development is advancing through H2 2026.
In Malaysia, Charbone has partnered with Green Hydrogen ASIAPAC SDN BHD in an asset-light equity participation model with an active operational role. Recent milestones include advisory engagement launched and initial advisory revenues in Q4 2025, an executive mission completed and aligned intent confirmed with government and partners in Q1 2026, and equity participation intent confirmed in April 2026. Malaysia is a top-10 global semiconductor manufacturing hub, with rapidly growing industrial gas demand driven by foreign direct investment in chip fabs, data centers and advanced manufacturing.
Beyond these four projects, the Company is evaluating 12+ additional plant opportunities across North America and Asia-Pacific, with a longer-term vision to expand the platform across the broader basket of industrial gases. Charbone’s hydrogen production assets are supported by a network of Regional Supply Hubs for storage and distribution of industrial gases. The Company is developing hubs in Ontario, Quebec, Nova Scotia and New York, with a target of 6-8 hubs total across North America. Hydrogen and helium tube trailers have been deployed, supporting commercial deliveries across Ontario, Quebec and New York State, and multi-year supply agreements are in place with a subsidiary of one of the world’s largest chemical and industrial conglomerates, providing Charbone with a recurring revenue foundation.
“The updated Corporate Presentation and Fact Sheet bring together, in one place, the market context and the project execution story that we believe make Charbone a differentiated investment opportunity. The structural undersupply of clean UHP hydrogen and helium, combined with accelerating demand from semiconductors, AI, data centers, advanced pharma, and aerospace, defines a multi-decade tailwind, and our modular, decentralized model is purpose-built to capture it. With Sorel-Tracy in commercial production, Detroit and Wisconsin advancing, and Malaysia entering an equity-participation phase, our pipeline has never been clearer or more tangible,” said Dave B. Gagnon, Chairman and Chief Executive Officer of Charbone.
