CHARBONE Releases Updated Presentation and Fact Sheet

• Date: May 13, 2026 (Most Recent)
• Event Type: Operations Update / Project Pipeline Update.
• Core Announcement: CHARBONE released updated investor materials detailing its clean ultra-high purity (UHP) hydrogen production portfolio expansion across Canada, the US, and Asia-Pacific.
• Operational Status: Confirms Phase 1A at Sorel-Tracy, Quebec is in continuous commercial production with confirmed sales in Q1 2026.
• Expansion Plans: Outlines upcoming launches in Detroit (Michigan) and Wisconsin (USA), and confirmed equity participation intent in Malaysia.
• Capacity Scaling: Modular build-out targets scaling electrolysis capacity from 2.25 MW to 25.65 MW across up to 5 phases at Sorel-Tracy.
• Revenue Potential: Indicative annual sales potential per phase ranges from C$5.1M (Phase 1) to C$66.0M (Phase 5).
• Strategic Partnerships: Multi-year supply agreements already in place with a subsidiary of a major global chemical/industrial conglomerate.

• Expectation vs. Reality: The news confirms milestones previously announced in the April 30, 2026 Annual Results (commercial production start) and April 29, 2026 Financing Update ($10M loan facility). It does not introduce new financial contracts or unexpected capital raises beyond what was disclosed in Q1/Q2 2026.
• Market Reaction: Given the prior confirmation of revenue generation ($201k in FY25) and secured financing ($3M draw + $3.1M private placement), this presentation release is largely a consolidation of known information rather than a surprise catalyst.
• Risk Assessment: While positive for execution confidence, the lack of disclosed specific contract values or new equity investment (e.g., strategic investor entry) limits immediate material upside relative to market cap size. The focus remains on capital-intensive expansion which carries dilution risk.

• Company: CHARBONE Corporation (TSXV: CH).
• Flagship Project: Sorel-Tracy, Quebec UHP Hydrogen Plant.
  • Status: Phase 1A launched Q4 2025; commercial production active Q1 2026.
  • Model: Modular, decentralized production utilizing renewable electricity from Hydro-Québec.
  • Capacity: Scalable from 2.25 MW to 25.65 MW across 5 phases.
• Business Model: Vertical integration of production and distribution via a "hub-and-spoke" network (Regional Supply Hubs in Ontario, Quebec, NY, etc.).
• Product Mix: Ultra-High Purity (UHP) Hydrogen, Helium, Oxygen, and specialty gases for semiconductors, AI, data centers, and aerospace.