CHARBONE HYDROGEN CORPORATION has successfully closed a $2.1 million CAD unsecured convertible debt tranche to accelerate the funding of its green hydrogen production facilities in Sorel-Tracy, Quebec, and Detroit, Michigan. These facilities, equipped with two electrolyzers totaling a capacity of 5.0MW, are part of CHARBONE's ambitious plan to establish a network of 16 green hydrogen production sites across North America by 2030. The flagship production site in Sorel-Tracy is set to start operations in the near future, with a pre-ordered electrolyzer scheduled for delivery in Q1 2025. Additionally, plans for a second site in Detroit are underway. The financing, led by a US banker, will support capital expenditures for engineering, infrastructure, and project management costs, ensuring the successful development of the facilities. CHARBONE has secured deposits for two 2.5 MW electrolyzers from a prominent global manufacturer with extensive experience in Alkaline and PEM technologies. The investment further cements CHARBONE's leading position in the green hydrogen market, highlighting its commitment to sustainable practices and innovative technologies.