Curated News
By: NewsRamp Editorial Staff
September 08, 2026
CHARBONE Closes $1.5M Drawdown from Convertible Loan
TLDR
- CHARBONE secures $1.5M from RiverFort to accelerate hydrogen production, positioning ahead in the clean energy market.
- CHARBONE closes $1.5M second drawdown on a $10M convertible loan, with 12% interest, 18-month repayment, and conversion at $0.196875 per unit.
- CHARBONE's funding supports clean UHP hydrogen plants, aiding the shift to lower-carbon economy and local clean energy access.
- CHARBONE's loan includes warrants exercisable at $0.236250 for 48 months, potentially expanding its hydrogen infrastructure rapidly.
Impact - Why it Matters
This news matters because it signals continued financial backing for CHARBONE's ambitious plans to scale clean hydrogen production. The successful drawdown provides the necessary capital to accelerate development of UHP hydrogen plants, which are critical for industries like semiconductors and AI that rely on high-purity gases. For investors, it demonstrates the company's ability to secure funding and execute its growth strategy, potentially enhancing shareholder value. For the broader clean energy sector, it underscores the growing investment in hydrogen infrastructure, which is essential for a lower-carbon economy.
Summary
CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company focused on production, distribution, and storage of clean ultra-high purity (UHP) hydrogen and other strategic industrial gases, has announced the closing of a $1.5 million drawdown from its secured convertible loan facility with RiverFort Global Opportunities PCC Ltd. This represents half of the second drawdown of up to $3 million available to the company, following the initial $3 million drawdown closed on April 29, 2026. The total facility is up to $10 million, structured in multiple drawdowns, with the remaining $4 million available subject to mutual agreement and customary conditions.
The proceeds from this drawdown are earmarked to accelerate development timelines of CHARBONE's clean UHP hydrogen production plants, support capital expenditures and equipment deployment, and provide general working capital to fuel near-term growth initiatives. Benoit Veilleux, CFO and Corporate Secretary, emphasized the company's focus on execution and deployment of capital toward priorities at Sorel-Tracy and across its industrial gas platform. Key terms include an interest rate of 12% per annum, convertible into units at $0.196875 per unit, with warrants exercisable at $0.236250 per share. The loan is secured by a first ranking hypothec over the movable property of Charbone Hydrogène Québec Inc. and Charbone Hydrogen Corporation.
CHARBONE serves sectors like semiconductors, AI and data centers, advanced pharmaceuticals, and aerospace, where UHP gases are critical. The company's modular, decentralized approach aims to fill supply gaps for mid-tier customers. This financing is a key component of CHARBONE's strategy to scale hydrogen production capacity and expand its industrial gas platform across North America. For more details, visit www.charbone.com.
Source Statement
This curated news summary relied on content distributed by NewMediaWire. Read the original source here, CHARBONE Closes $1.5M Drawdown from Convertible Loan
