CHARBONE Hydrogen Corporation Announces $1M Funding for Flagship Green Hydrogen Facility in Quebec
Key Ideas
- CHARBONE Hydrogen Corporation completes its $1M non-brokered private placement, securing an additional $0.193M in the third tranche for its Sorel-Tracy flagship green hydrogen facility.
- The company plans to establish sixteen green hydrogen production facilities across North America by 2030, positioning itself as a leader in the green hydrogen sector.
- Funds from the financing will be primarily used for engineering, construction, equipment procurement, and infrastructure development at the Sorel-Tracy facility, with production expected to start in a few weeks.
- CHARBONE is the only publicly traded pure-play green hydrogen company in North America, listed on the TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange, focused on creating eco-friendly dihydrogen for various users.
CHARBONE Hydrogen Corporation, based in Quebec, announced the successful completion of its $1M non-brokered private placement, with the third tranche securing an additional $0.193M for its flagship green hydrogen facility in Sorel-Tracy. The company plans to be a frontrunner in the green hydrogen industry by establishing a network of sixteen production facilities across North America by 2030. These funds will be allocated towards engineering, construction, equipment procurement, and infrastructure development at the Sorel-Tracy site, with production set to begin shortly. As North America's only publicly traded pure-play green hydrogen company, CHARBONE focuses on producing environmentally friendly dihydrogen for industrial, commercial, and mobility users. Listed on major exchanges, including the TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange, CHARBONE is dedicated to utilizing renewable energy sources for its projects. The company's forward-looking statements highlight its commitment to sustainable practices and green energy production.