CHARBONE Hydrogen Corporation, a prominent green hydrogen company in North America, recently closed a US$1.5 million initial tranche of convertible debt financing to support the construction of two new green hydrogen production facilities in Sorel-Tracy, Quebec, and Detroit, Michigan. This investment marks a significant step in advancing the development of green hydrogen infrastructure in North America. The funding will accelerate the setup of these facilities, with production expected to commence shortly at the Sorel-Tracy site, Charbone's primary location. The company also has plans to confirm the Detroit location in the near future. Charbone envisions establishing a network of 16 green hydrogen production facilities across North America by 2030, demonstrating a strong commitment to expanding sustainable energy solutions. The financing includes unsecured convertible notes with a 36-month term and a 12% annual interest rate, convertible into common shares at a specified price. With this investment, Charbone aims to position itself as a pioneer in the North American green hydrogen market. The company's leadership emphasizes the importance of generating revenue, adding value to shareholders, and realizing its vision of a modular green hydrogen network. The funds will be utilized for various purposes including engineering, equipment procurement, infrastructure development, and project management. Charbone has secured deposits for electrolyzers from a reputable global manufacturer to support its production capacity. The financing is part of a larger private placement seeking to raise up to US$6 million. Charbone's commitment to sustainable energy production through renewable sources highlights its dedication to environmental responsibility and innovation in the hydrogen sector.