Charbone Hydrogen Issued $2M Convertible Replacement Debentures

(TheNewswire)

Brossard, Quebec, October 1, 2025 – TheNewswire Charbone Hydrogen Corporation (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE ‘) a company dedicated to green hydrogen production and distribution following its news release dated September 18, 2025, which announced the signing of Replacement Debentures amounting to $2,050,000 (the ‘Replacement Debentures’ ) by amending specific terms of the Company’s secured convertible debentures (each, a ‘Debenture’ ) originally issued in connection with a private placement of debentures to taling $1,746,366 of 12% secured convertible debentures, and including an additional $303,634 received in cash by the Company, is now pleased to announce receipt of final approval from the TSX Venture Exchange.

CHARBONE has amended and issued the new Replacement Debentures as of September 30, 2025, for an aggregate amount of $2,050,000, which will expire on September 30, 2026, featuring an annual interest rate of 12% and a conversion price of $0.07 per Debenture Share. Before the amendment, the expiry dates were September 30 and October 31, 2025, with the same annual rate of 12% and a conversion price of $0.10 per Debenture Share. The Replacement Debentures will be subject to the statutory four-month hold period in Canada.

For more information on the $400,000 Debentures that were expiring on September 30, 2025, and originally signed on September 30, 2023, then amended on March 25, 2025, please refer to the Company’s news releases dated August 31, 2023, January 31, 2024, and March 26, 2024.

For more information on the $1,346,366 Debentures that were expiring on October 31, 2025, and originally signed on October 7, 2022, then amended on January 29, 2025, please refer to the Company’s news releases dated October 11, 2022, June 10, 2024, December 4, 2024, and February 12, 2025.

The additional proceeds are intended to accelerate the cash inflow needed to cover the acquisition of production equipment for hydrogen and related costs announced on September 5, 2025. The Company will issue another press release in the next few days to announce the closing of the equipment acquisition once the effective date is reached, marking the start of the equipment dismantling process.

About Charbone Hydrogen CORPORATION

CHARBONE is an integrated company specializing in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region. It is developing a modular network of green hydrogen production while partnering with industry players to supply helium and other specialty gases without the need to build costly new plants. This disciplined strategy diversifies revenue streams, reduces risks, and increases flexibility. The CHARBONE group is publicly listed in North America and Europe on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

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