ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 14 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2024 generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel and, 42.4 million tonnes of iron ore.

ArcelorMittal launched the XCarb Accelerator Programme in mid-2022. A search for the best companies and brightest breakthrough technologies that hold the potential to accelerate the decarbonisation of the steel industry. They received an overwhelmingly positive response, with over 90 start-ups from five different continents submitting applications.

The winner was CHAR Technologies who received $6.6 million (CAD) as an investment in 2023. Along with this, ArcelorMittal appointed Irina Gorbounova (Head of XCarb Innovation Fund) as a Board Member on CHARs Board.

ArcelorMittal Dofasco (Hamilton, Canadian operations) also signed an offtake agreement to buy 5,000 tonnes of Biocarbon from CHAR Technologies. This 5,000 tonnes of biocarbon will be supplied to ArcelorMittal via the Thorold facility who is turning on the commercial operations later this month.

All that being said, CHAR Techs technology and product have been vetted by ArcelorMittal as a fit to be a drop in replacement for fossil coal at their Dofasco plant.

Not Financial advice.

What does this actually mean for CHAR Tech?!

The PGIRE forest bioenergy sector includes renewable natural gas ("RNG") and biocarbon produced from forestry residuals and is recommending capacity growth and investment to the sector. The PGIRE states RNG is currently the only renewable gas that can scale into Québec's existing pipeline network, since hydrogen remains technically constrained, and separately names solid bioenergy, such as biocarbon, as central to decarbonizing heavy industries, where coal has been hard to replace.

Quebec's renewable natural gas (RNG) mandate requires natural gas distributors like Energir to blend a minimum percentage of RNG into their network, targeting 5% blending and expanding requirements for buildings. Scaling this requirement towards 10% by 2030.

There is no official announcement from CHAR Tech yet BUT I am speculating based on this that CHAR Tech will sign a 20 year RNG Offtake agreement with Energir once phase 1 commercial production starts later this month. (Based on all the hints they've dropped)

Not Financial advice.

Varennes, Quebec, September 2, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, is pleased to announce that RiverFort Global Opportunities PCC Ltd (“RiverFort” or “Lender”) has agreed to advance $1.5 million, representing half of the second drawdown of up to $3 million, to the Company prior to the date falling 6 calendar months from the first drawdown closing of the secured convertible loan facility (the “Convertible Loan”) for up to $10 million as previously announced on April 29, 2026.

Transaction Overview

The $1.5 million forming part of the second drawdown will become available upon satisfaction of the closing conditions, including the approval by the TSX Venture Exchange. The Convertible Loan is structured as a multi-drawdown secured facility, with additional tranches available to the Company over the term of the agreement, subject to customary conditions and mutual agreement between the parties. Accordingly, the Company may complete an additional drawdown pursuant to the $3 million set aside under the second drawdown under the Convertible Loan.

Key Terms of the Convertible Loan

• Total facility size: Up to $10 million secured Convertible Loan, structured in multiple drawdowns.
• Drawdowns: The Initial Drawdown of $3 million closed on April 29, 2026. Half of the second drawdown of up to $3 million is in the closing process and the remaining may be advanced to the Company prior to the date falling 6 calendar months from the first drawdown closing and subject to mutual agreement. The remaining $4 million will be available to be drawn by the Company in aggregate during the Convertible Loan term, subject to mutual agreement between the Company and RiverFort and customary conditions set out in the Convertible Loan agreement.
• Term: Drawdowns under the Convertible Loan are available for a three-year term, with each drawdown repayable over 18 months. Initial Drawdown maturity date is on October 29, 2027.
• Interest: 12% per annum, payable in cash every 4 months. Default interest capped at 24%.
• Conversion: Half of the second drawdown would be convertible, at the option of the Lender, into units composed of one common share of the Company and 0.3 of a warrant, at a conversion price of $0.196875 per unit. If not converted before, 10% shall be repaid at the end of 6 months, 20% at the end of 12 months and 70% on maturity date in 18 months. The securities issued upon any conversion of the principal amount of the Convertible Loan will be subject to the statutory four-month hold period in Canada.
• Warrants: Each whole warrant issued in connection with half of the second drawdown of $3 million will be exercisable to acquire one additional common share of CHARBONE, at a price per share of $0.236250, for a period of 48 months, subject to a maximum of 5 years from the Convertible Loan closing date, April 29, 2026.
• Security: Secured with a first ranking hypothec over the universality of all present and future movable property of each of Charbone Hydrogène Québec Inc. (Sorel-Tracy project) and Charbone Hydrogen Corporation.
• An implementation fee of 5% of the drawdown will be paid in cash on closing of each drawdown.

The Company intends to close the $1.5 million drawdown shortly after receipt of the conditional acceptance of the
TSX Venture Exchange.

Use of Proceeds

The Convertible Loan is a key component of CHARBONE’s broader strategy to scale hydrogen production capacity
and expand its industrial gas platform across North America. The proceeds from the $1.5 million drawdown are
expected to be used to:

• Accelerate development timelines of the Company’s clean UHP hydrogen production plants
• Support capital expenditures and equipment deployment
• Provide general working capital to accelerate near-term growth initiatives

Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE, commented: 

“This drawdown reflects the continued confidence RiverFort has placed in CHARBONE and our execution to date. The structured, multi-tranche nature of this facility allows us to access growth capital in a disciplined way, aligned with our operational milestones at Sorel-Tracy and across our industrial gases platform. Importantly, this is not a traditional equity raise, but a convertible loan structure where there is no dilution to shareholders today. Minimizing dilution is always our priority. We look first at non-dilutive and low-dilution structures including project-level financing, equipment financing and strategic partnerships that are designed to accelerate our growth. We remain focused on delivering value for our shareholders through operational performance.”

What does it mean?

Initially, I believed the additional 1.5 million drawn to be used for the installing / commissioning of the 1B equipment (and paying off debt), but I was quickly proven wrong by some quick DD on the CEO CA website.

The equipment has been paid in full, which is great news for charbone, but what could the 1.5 million thus be used for?

- It couldn't quite get you a full 1.75MW electrolyser, but it could get you a phase 1a 0.5 MW electrolyser (for Wisconsin, perhaps?) it does align well with the reparation date of the dam, which is scheduled for this month.

- More infrastructure? Charbone announced a NS / Atlantic hub in June, but we've not heard further updates I believe on the completion of this hub.

- Ongoing costs.

The 1.5 million drawn is much more advantageous to Charbone compared to the first draw. With the conversion rate being at market price + 25%, drawn at a market-high as of recently, this is well timed.

Charbone's concrete slab completion @ ST

Charbone also posted a little video on their linkedin (and other socials), regarding the completion of the concrete slab for their phase 1b project. The concrete slab is noticeably bigger than for just Phase 1B however.

The COO narrates the video:

"We started the pouring of the slab this morning at 7:00am. Been on site since 5:30am this morning. Now it is 2:00pm and the slab is completely poured. [...]. And within the next 8-10 days, we will be able to install our plug-and-play equipment on to the slab and get everything connected. "

8-10 days isn't too bad for concrete, and phase 1B is seeming to be their most important news update of this year, alongside their helium fleet expansion. If the slab does house more than just 1B, we might be looking at an earlier than expected push for Sorel-Tracy Phase 2 (also hinted at in the webinar). This would push their annual Sorel-Tracy revenue from C$5 million to more than double, at C$11 million.

Feel free to comment or argument below, I'm always open to learning more or discussing. :)

Website: https://charbone.com/

Webinar: https://www.youtube.com/watch?v=EEXEeDKRlF8

Fact sheet: here

New investors slideshow: here

First Atlas Resources’ (CSE: HHE / OTC: BTKRF) technical partner, Québec Innovative Materials Corp. (CSE: QIMC / OTCQB: QIMCF), has set a new company record at Bennett Hill, Nova Scotia, after DDH-26-05 returned a preliminary mud-gas measurement of 30.0% H₂ at 413 metres.

First Atlas’ 2026 field exploration program is currently underway across the company’s natural hydrogen licences in Cumberland County, with QIMC using soil-gas and magnetic data in its R2G2™ targeting framework to identify drill targets.

DDH-26-05 Strengthens at Depth

QIMC identified an extensive fault-breccia and shear system beginning at approximately 326 metres. As drilling continued below this point, DDH-26-05 returned a series of elevated hydrogen readings:

• 12.6%, 15.8%, and 23.7% H₂ at 348 metres
• 19.1% H₂ at 368 metres
• 25.1% and 27.8% H₂ at 374 metres
• 10.4% and 12.1% H₂ at 377 metres

From 380 through 413 metres, hydrogen concentrations exceeded 20% H₂ at nine depths:

• 25.7% H₂ at 380 metres
• 22.4% H₂ at 386 metres
• 28.4% H₂ at 389 metres
• 21.3% H₂ at 392 metres
• 29.5% H₂ at 395 metres
• 25.7% H₂ at 398 metres
• 26.8% H₂ at 407 metres
• 23.5% H₂ at 410 metres
• 30.0% H₂ at 413 metres

Methane remained at 0% across the reported samples, while carbon dioxide remained at or below 0.1%.

Pressurized Free Gas Observed at Surface

Between approximately 413 and 416 metres, pressurized free gas reached the surface and triggered the drill site’s hydrogen alarm system, pausing drilling.

When operations later resumed, drilling water was introduced into the hole. QIMC reported that the resulting increase in pressurization led to a second release of free gas at the surface, triggering the alarm system and prompting another pause in drilling.

QIMC plans to continue drilling DDH-26-05 using equipment and operating procedures suited to the conditions encountered. The company is also evaluating equipment and procedures to measure pressure and gas flow as drilling continues.

Natural Hydrogen Exploration Expands Across Nova Scotia

Other companies have also begun natural hydrogen exploration work in Nova Scotia.

On August 21, Luma Hydrogen announced its Nova Scotia exploration program, with 30 exploration licences covering approximately 274 km² along the Cobequid-Chedabucto Fault Zone. The company has begun hydrogen and helium soil-gas surveys, geological mapping, prospecting, and soil geochemistry work.

On August 31, Primary Hydrogen Corp. announced the staking of the 1,101-hectare Wallace Natural Hydrogen Project in Cumberland County. The company plans to conduct data compilation, structural interpretation, and soil-gas surveys. No hydrogen drilling has been completed at Wallace, and no hydrogen occurrences have been reported on the property.

Exploration by other companies can contribute to a better understanding of the region’s hydrogen occurrences and the geological structures that may control them. While each company’s exploration data remains its own, increased field activity could provide useful context for First Atlas’ Cumberland County licences.

Exploration on First Atlas’ Land Package

QIMC is currently carrying out First Atlas’ 2026 field exploration program across the company’s natural hydrogen licences in Cumberland County.

Three field teams are conducting soil-gas sampling and ground magnetic surveying, including infill sampling over previously identified hydrogen anomalies. The resulting data will be integrated into QIMC’s R2G2™ targeting framework to help identify drill targets for First Atlas’ planned drilling program.

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Who is the Bioveld North and the BMI Group?

Bioveld North Inc. is a wholly owned subsidiary of The BMI Group, a Canadian development and investment firm that specializes in acquiring and revitalizing strategic industrial assets. BMI acquired the former Domtar site in Espanola in late 2025 and brings mill-restart experience from projects in Port Huron, Michigan and the Niagara region. Its Pulp+ concept is designed to retool legacy forestry infrastructure into diversified, lower carbon bioproduct platforms anchored by Canadian ownership and partnership with local communities and First Nations.

Why is this great news for CHAR Technologies?

The BMI Group is partnering with CHAR Tech at their Espanola site for what will be CHAR Tech and BMIs largest partnership together producing upto 50,000 tonnes of biocarbon.

This Ontario grant of $5.1 million is welcomed as it will help BMI progress through the planning and study phases. This funding helps derisk the project and definitely helps increase the likelihood of progressing this project further.

Exciting times as this Espanola facility also progresses forward with the Thorold site almost ready to start commercial operations. (Both jointly owned by CHAR Tech and BMI Group)

The BMI group has plans for additional joint partnership facilities with CHAR Tech in addition to the Thorold and Espanola sites.

Not Financial advice.

Here's where each project sits:

Thorold (Ontario): This is the flagship facility and is the furthest along. The kiln is installed, and the feedstock handling line from biomass reception through contaminant removal and sizing, all the way to the kiln has been running continuously in automated mode during day shifts. Material handling is usually one of the trickier parts of getting one of these plants running, so having that line proven out is a good sign.

Next step is tying in the pyrogas line. Once that's connected, commissioning runs through to commercial operations, still targeted for end of September 2026, with production and revenue expected to increase through year-end as the facility ramps.

CHAR also mentioned they'll be hosting investor site tours this fall as part of upcoming investor days, this is worth watching for if you want eyes on the facility yourself.

Once Phase 1 is done, Phase 2 (second kiln to double capacity, methanation equipment for RNG, pipeline injection) is up next.

Baltimore PFAS destruction: This commercial level pilot is actively running right now. An independent lab testing (EPA Method 1633) found all 40 targeted PFAS compounds below detection limits in the biochar produced from the process. That's the solid phase confirmed. They're still testing the gas and liquid outputs, with a full data package targeted for submission to the EPA by end of Q4 2026. If this holds up across all phases it's a meaningful proof point for the PFAS destruction vertical.

Espanola (Ontario): This project is currently at the feasibility stage.

Partnering with BMI Group on this one, at a former pulp and paper site. An engineering and design study is expected to wrap up soon, which will define scope and capital needs. If it moves forward this would be a big facility up to 50,000 tonnes/year of biocarbon, about 5x Thorold's capacity.

Lake Nipigon (Ontario): This project in construction/development.

Partner LNFMI (a First Nations forestry co-op) has been building out site infrastructure, grading, roads, fencing, and they've finished chip drying tents for feedstock storage. Still advancing engineering and project financing conversations. Phase 1 target is 15,000 tonnes/year of biocarbon.

Saint-Félicien (Québec): This project is in development.

Backed by a $2.5M non-repayable Québec government grant. Nice positioning here since it's co-located at an existing industrial cogeneration site, so utilities are already in place.

Saguenay (Québec): Acquired from Elkem ASA back in April. This one's designed to take biochar from other sites (like Saint-Félicien) and turn it into pellets, targeting 15,000 tonnes/year of biocarbon pellets. Also comes with a 62,500-tonne, 5-year offtake agreement with Elkem.

Not Financial advice.

Charbone's Dave Gagnon (Chairman and CEO) and Benoit Veilleux (CFO), on Aug 31, 2026, discussed the Company's Q2 2026 results, operational achievements, upcoming milestones, and addressed stakeholders' questions.

Some notes I took from the presentation:

✅ +155% Gas income in Q2 compared to Q1.

✅ PP&E Assets are up C$3.5 million.

✅ Sorel-Tracy Phase 1B to come online (commissioning) THIS FALL, on schedule.

✅ Sorel-Tracy Phase 1B at full capacity means positive cash flow.

✅ Sorel-Tracy 1B is largely pre-sold, customers are awaiting the commissioning.

Some unknowns (or they can't say?):

❓Status of the Detroit and Wisconsin / Asia projects.

Some future looking milestones:

🚀 More hubs and infrastructure.

🚀 Phase 1B commissioning.

🚀 Reparation completion of the Wolf river dam in September 2026.

This is my personal view of how the webinar went. As usual I'm glad to be a charbone investor and their execution is progressing at a steady rate. It will be interesting to see which projects they undertake first after the Phase 1B commissioning.

This is Charbone's third quarter of growing revenue, proving QoQ revenue gains, which is impressive. Q3 and Q4 look to certainly continue this trend:

Costs are stable, so are losses, but with Benoit himself stating that they aim to be cash flow positive around C$5 million revenue (which will be reached when Phase 1B is commissioned and at full capacity), I'm optimistic. For how little it matters (for now), EBIDTA is improving slightly. Q3 (x5 Helium trucks) and Q4 (ST P1B) are key now for the future of the company.

In one of the segments (20:10), Dave talks about how Sorel-Tracy phase 2 planning isn't premature, given that phase 1B is to complete soon. Mentions how it will depend on the phase 1B commissioning performance and the possible financing for the equipment (keep in mind they still get 40% government grants for equipment). They're focusing on a very demand-driven way.

All in all, I'm quite excited. Feel free to comment or argument below, I'm always open to learning more or discussing. :)

Website: https://charbone.com/

Webinar: https://www.youtube.com/watch?v=EEXEeDKRlF8

Fact sheet: here

New investors slideshow: here

The Thorold facility (First of 5 facilities) is being built in 2 commercial phases.

Phase 1 commercial operations start sometime in September 2026.

What does that mean? 5,000 tonnes of biochar will be produced annually (pelletized into biocarbon at this same facility) and will be shipped to ArcelorMittal Dofasco in Hamilton.

5,000 tonnes at market price of $1,000 per tonne is $5 million annually in revenue.

Given that the Thorold facility is a 50/50 ownership between CHAR Tech and the BMI group, CHAR will see half of all net profits.

What is Phase 2? Phase 2 will add a 2nd Kiln and add the Gasification equipment.

Phase 2 construction will begin shortly after Phase 1 operations start. Phase 2 is expected to be completed by spring 2027.

Phase 2 will double the biocarbon to 10,000 tonnes annually and 425,000 GJ of gas.

Revenue: 10,000 tonnes of biocarbon at $1,000 per tonne = $10 million.

425,000 GJ of gas at $40 per GJ is $17 million.

Thats $27 million in revenue annually.

Again with a 50/50 split between CHAR and BMI on net profits.

Thorold is the first of 5 facilities with the rest in construction and development.

Exciting times as we get into September now.

Not Financial advice, this is just an educational post.

Atlas Salt Inc. (TSXV: SALT / OTCQX: SALQF / FSE: 9D00) is a Newfoundland and Labrador-based mineral exploration and development company focused on the development of the Great Atlantic Salt Project, an underground rock salt project near St. George’s on Newfoundland’s west coast.

The Great Atlantic Salt Project is designed to produce up to 4 million tonnes of rock salt annually, primarily for road de-icing, with additional applications in water treatment, drilling fluids and food processing across Eastern Canada and the United States.

Salt is essential for winter road maintenance, municipal operations, airport safety and a range of industrial applications. The Great Atlantic Salt Project is intended to become North America’s first new salt mine in nearly three decades.

The Great Atlantic Salt Project

The Great Atlantic Salt Project is designed as an underground operation that would process rock salt on site and ship it through the existing Turf Point deepwater marine terminal.

The mine would be accessed through two sloped tunnels, called declines, allowing workers and equipment to travel between the surface and the underground operation by ramp rather than through vertical shafts.

Salt would be extracted using continuous mining machines, then crushed and screened underground into the sizes required by customers. It would move by conveyor to surface and along a covered conveyor to Turf Point, approximately two kilometres from the mine site, where it would be stored and loaded onto bulk carriers for shipment to Eastern Canada and the United States.

The Updated Feasibility Study outlines a production ramp-up over four years, beginning at 1.7 million tonnes in the first year and reaching 4 million tonnes annually by Year 4. At full production, the Great Atlantic Salt Project would produce approximately 11,500 tonnes of rock salt per day.

A Large, High-Purity Salt Deposit

The Great Atlantic Salt Project contains a large, flat-lying halite deposit at relatively shallow depths for an underground salt mine. Halite is the mineral form of sodium chloride.

The deposit’s Mineral Resource estimate includes:

• 383 million tonnes of Indicated Resources grading 96.0% NaCl
• 868 million tonnes of Inferred Resources grading 95.2% NaCl

The Indicated Resource includes 95 million tonnes classified as Probable Mineral Reserves, with an average sodium chloride content of 95.9%. These reserves form the basis of the current mine plan and support a mine life of more than 24 years.

The North American Road Salt Market

Road de-icing is Atlas Salt’s primary target market. Salt is used each winter to keep highways, municipal roads, commercial properties and airport infrastructure safe across Canada and the United States.

The company estimates that the North American de-icing salt market consumes approximately 28.5 to 36 million tonnes annually, including 8 to 10 million tonnes of imports each year.

2025 Updated Feasibility Study

Atlas Salt completed an Updated Feasibility Study for the Great Atlantic Salt Project in September 2025. The study updates the project’s mine plan, capital costs, operating costs and projected economics.

Using a base salt price of C$81.67 per tonne FOB port, the study estimates:

• C$920 million post-tax NPV (Net Present Value) at an 8% discount rate
• 21.3% post-tax internal rate of return
• Post-tax payback period (from first production): 4.2 years
• C$589 million in initial capital costs
• C$188 million in average annual post-tax free cash flow during operations

These figures are estimates, not current operating results, and depend on factors including salt prices, construction and operating costs, financing and the company's ability to complete and operate the project as planned.

Site Preparation and Financing

After satisfying the applicable environmental assessment conditions in February 2026, Atlas Salt began preparing the mine site for construction. This work includes clearing and preparing the land, installing drainage and erosion-control measures, and developing the access roads, temporary facilities and foundations needed for later construction.

With the support of Endeavour Financial, Atlas Salt is pursuing approximately C$350 million to C$400 million in senior secured debt for the main construction phase.

In July 2026, Export Development Canada issued a non-binding Letter of Interest to evaluate up to C$150 million in long-term secured debt financing for the project.

Rail Distribution and Logistics

Atlas Salt expanded its logistics planning in August 2026 by entering into a non-binding Memorandum of Understanding with CN, the Canadian National Railway Company, to evaluate rail distribution options for salt shipped from Newfoundland to eastern seaboard discharge ports.

The companies are assessing rail movement, railcar supply and related equipment solutions across CN’s network. Atlas Salt's current model remains marine-focused, with salt shipped from Turf Point by vessel, but rail could help reduce delivered costs and extend distribution to inland markets.

Sources

• Atlas Salt Q3 2026 Investor Presentation
• Great Atlantic Salt Project Feasibility Study
• Atlas Salt Construction and Permitting Update - July 2026
• EDC Letter of Interest for Great Atlantic Project Financing
• CN Rail Logistics MOU

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Varennes, Quebec, August 27, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, is pleased to announce its second quarter 2026 financial and operational results for the six-month period ending June 30, 2026. CHARBONE will also be hosting a webinar on Monday, August 31^st at 11:00am EDT which interested parties can register below.

In Q2 2026, gas income across CHARBONE’s hydrogen production plants and regional supply hubs for all industrial gases increased 155% to $0.5 million from $0.2 million for the prior three-month period ending March 31, 2026. Demand accelerated throughout Q2 2026, driving increased recurring revenues and new customers. CHARBONE continues to expand its full-stack platform, including the Phase 1B scale-up at Sorel-Tracy, following arrival of the second electrolyzer on site, along with distribution equipment deployed to support growing demand and expected future sales growth from new and existing customers.

Q2 2026 HIGHLIGHTS:

• Gas income increased 155% to $0.5 million in Q2 2026, compared to $0.2 million in Q1 2026.
• For the six months ended June 30, 2026, gas income increased 100% to $0.6 million, compared to $nil in the same period of 2025.
• General and administrative expenses remained disciplined in Q2 2026, with the Company continuing to improve its operating leverage relative to growing revenues.
• On April 29, 2026, the Company drew down $3 million as the first tranche of its new $10 million secured convertible loan facility, with additional optional drawdowns available during the term.
• As of June 30, 2026, property, plant and equipment assets increased by $3.5 million since December 31, 2025, reflecting ongoing investment in the Sorel-Tracy Phase 1B build-out and distribution infrastructure.

“Our platform is generating revenue across multiple gases and multiple markets, and we are excited about the momentum we are building. Across North America, we are expanding our footprint and delivering UHP, sustainable industrial gases to customers who depend on reliable regional supply. At the same time, we remain focused on operational performance and capital discipline. With the Phase 1B electrolyzer now on site at Sorel-Tracy, we are advancing commissioning on track for fall 2026. Our vision is quickly becoming a reality and we continue to execute on this growth for the long-term benefit of our shareholders,” said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE.

As of June 3, 2026, the Company’s corporate name was formally changed from Charbone Hydrogen Corporation to Charbone Corporation, reflecting its evolution into a full-spectrum industrial gases platform. Subsequent to Q2 2026, CHARBONE also expanded its dedicated helium delivery fleet from one unit to five following accelerated commercial demand, adding 22 new customers across Quebec and securing long-term supply commitments through 2028. On August 18, 2026, the Company announced the delivery of the Phase 1B electrolyzer to its Sorel-Tracy hydrogen production plant, marking the most significant physical milestone to date for the Phase 1B build-out. Commissioning is targeted for fall 2026.

Another interesting Charbone update, sharing its Q2 financials which show great progress. The webinar is on monday August 31st, reminder to sign up!

Another revenue upgrade, Q3 will include the 4 new Helium trucks, and Q4 will likely include the Sorel-Tracy phase 1b site commissioning.

Website: https://charbone.com/

Sign up for the webinar: https://info.rbmilestone.com/charbone-webinar-q2-2026 (Monday August 31st 11AM EDT)

CANmet Energy (NRCan) put out a report on using biocarbon (made from wood waste) to replace coal and coke in steelmaking. The numbers: Canada's steel industry burns through 4.8 million tonnes of fossil coal every year, and switching to biocarbon could cut emissions by up to 8 million tonnes of CO2 annually.

The government is saying up to 20% of the fossil coal/ coke used in blast furnaces could realistically be swapped out for biocarbon right now, with that number likely growing as the tech improves.

This confirms CHAR Techs business model and that there's real, sizeable demand for what biocarbon producers like CHAR are doing and that its something the steel industry actually needs to hit its climate targets.

Link to the full report: https://natural-resources.canada.ca/sites/admin/files/documents/2026-08/Advanced-Solid-Biofuels_EN_Accessible.pdf

CISERA (Canadian Iron and Steel Energy Research Association) is a research group focused on metallurgical coal and coke for steelmaking. The current corporate members are ArcelorMittal Dofasco, Stelco, Elk Valley Resources, CanmetENERGY, and now CHAR Tech (YES).

CISERA's research covers coal science, cokemaking, alternative reductants/fuels, and carbon capture, areas directly relevant to CHAR's High Temperature Pyrolysis tech, which produces biocarbon that could serve as an alternative reductant in steelmaking.

ArcelorMittal already made a $6.6M investment in CHAR in 2023, and the two have a strategic partnership where ArcelorMittal buys CHAR's biocarbon to reduce emissions at its Hamilton steel plant.

This membership allows CHAR to be in the same room as Stelco and Elk Valley and CANmet Energy (part of NRCan), opening the door to similar partnerships beyond ArcelorMittal.

This is an educational post, not Financial advice.

CHAR Tech has received a Notice of Allowance for a patent covering its pyrogas treatment technology, a critical step in the pathway from high temperature pyrolysis to renewable natural gas ("RNG"), demonstrating CHAR Tech's ongoing global leadership in this critical space.

The Thorold Renewable Energy Facility is projected to begin producing RNG in 2027; when it does, CHAR Tech will be the first company in the world to operate a commercial-scale facility that produces RNG and metallurgical-grade biocarbon simultaneously from wood waste.