CHAR Tech Provides Year-End Update and Lists on the Frankfurt Stock Exchange

Executive Summary

• CHAR Technologies announced the year‑end corporate update highlighting major progress on its Thorold Renewable Energy Facility, PFAS destruction demonstration project, Lake Nipigon project, and expanded partnership with The BMI Group.
• The Thorold Facility is slated to begin commissioning in January 2026, bringing 5,000 t/yr of biocarbon online (Phase 1) and advancing toward Phase 2 renewable natural gas production.
• The company completed a six‑month PFAS destruction demonstration in Baltimore; data analysis is underway to validate its High Temperature Pyrolysis technology for commercial deployment.

Key Details

• Frankfurt Stock Exchange Listing: CHAR Tech listed on the Frankfurt exchange under ticker 68K, expanding access to European investors.
• Thorold Renewable Energy Facility – Phase 1: Major equipment delivered; mechanical and electrical installations near completion; commissioning scheduled for Jan 2026; production target of 5,000 t/yr biocarbon confirmed.
• Thorold Renewable Energy Facility – Phase 2: Planning for renewable natural gas (RNG) phase to commence in 2026 with major works scheduled.
• Baltimore PFAS Demonstration Project: Six‑month operational program completed; performance data being compiled and reviewed by partners and third‑party reviewers; expected to validate HTP technology for full‑scale PFAS destruction.
• Lake Nipigon Project: Engineering, feedstock, and commercial workstreams progressed; construction targeted for 2026 pending permitting, agreements, and financing; partner Lake Nipigon Forest Management Inc. is stockpiling biomass on site.
• Strategic Partnership with The BMI Group: BMI completed a $2 M equity investment in CHAR Tech and contributed approximately $8 M toward the Thorold project; partnership now includes feasibility work for the Espanola clean‑energy initiative (former pulp & paper mill site).
• CEO Comment (Andrew White): Emphasized transition to commercial operations, upcoming commissioning of Thorold, forthcoming PFAS data, and continued project momentum into 2026.

Notable Quotes

“As we close the year, CHAR Tech is completing its transition to commercial operations and entering its next phase as an operating company,” – Andrew White, CEO

Materiality Assessment: Material – Positive (the update conveys significant operational milestones and strategic developments that are likely to influence investor perception).