Charbone Hydrogen Corporation recently closed a C$2.1 million unsecured convertible debt tranche to finance the construction of two green hydrogen production facilities in Sorel-Tracy, Quebec, and Detroit, Michigan. This funding is part of a larger private placement of up to US$6 million. The Sorel-Tracy facility is expected to begin operations soon, acting as the company's main site with an electrolyzer set for delivery in Q1 2025. In Detroit, plans are underway for another green hydrogen project. By 2030, Charbone aims to have 16 green hydrogen production facilities in North America. CEO Dave Gagnon expressed confidence in the company's market position and focus on revenue generation. The growth strategy aligns with the increasing demand for green hydrogen in the region, emphasizing a modular production model to support renewable energy transition and stakeholder needs. Charbone is also progressing with a prior C$1.2 million debenture issuance and anticipates closing a second tranche of the private placement by early 2025.