CHARBONE Extends Private Placement Financing for Green Hydrogen Production Facilities
Key Ideas
- CHARBONE Hydrogen Corporation, based in Brossard, Quebec, is extending the private placement financing of up to US$6 million for its green hydrogen projects.
- The company received US$1.5 million in December 2024 and decided to extend the deadline due to high interest, with an additional $133,500 from warrant exercises.
- CHARBONE focuses on creating modular green hydrogen production facilities across North America, producing eco-friendly dihydrogen for various sectors.
- Despite risks and uncertainties in the sector, Charbone's management remains optimistic about the future of green hydrogen production and its potential impact.
CHARBONE Hydrogen Corporation, based in Brossard, Quebec, is extending the private placement financing of up to US$6 million for its green hydrogen projects. The company, listed on the TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange, aims to create a network of modular green hydrogen production facilities across North America. This extension comes after the company closed US$1.5 million in financing in December 2024 and received an additional $133,500 from exercises of warrants. The offering consists of an unsecured convertible note with a 36-month term at a 12% annual interest rate, led by its US banker. CHARBONE's focus is on producing eco-friendly dihydrogen (H2) using renewable energy for industrial, institutional, commercial, and future mobility users. Despite the risks and uncertainties in the business, including those outlined in their Filing Statement, the company remains positive about the future of green hydrogen production and its role in the transition to a more sustainable energy sector.