Curated News
By: NewsRamp Editorial Staff
April 29, 2026
CHARBONE Closes $10M Convertible Loan to Accelerate Hydrogen Growth
TLDR
- CharBone secures up to $10M convertible loan, providing flexible capital to accelerate hydrogen production and gain market advantage.
- CharBone closes $3M initial tranche of a $10M secured convertible loan with RiverFort, structured with multiple drawdowns over three years.
- CharBone's clean hydrogen facilities aim to lower carbon emissions and support underserved industrial customers, contributing to a greener future.
- CharBone's modular hydrogen production can supply ultra-high purity gases for semiconductors, AI, and aerospace industries.
Impact - Why it Matters
This news matters because it signals a significant capital injection into the clean hydrogen sector, which is critical for decarbonizing industries like manufacturing and energy. CHARBONE's expansion of UHP hydrogen production can help meet growing demand from high-tech sectors such as semiconductors and AI data centers, potentially reducing supply chain vulnerabilities and advancing the transition to a lower-carbon economy. For investors, it indicates confidence in the company's growth trajectory and the viability of hydrogen as a clean energy solution.
Summary
CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47), a North American producer and distributor of clean ultra-high purity (UHP) hydrogen and industrial gases, has announced the closing of a secured convertible loan facility with RiverFort Global Opportunities PCC Ltd. for up to $10 million. The initial drawdown of $3 million has been completed, marking the first tranche of the total committed financing. The loan is structured as a multi-drawdown secured facility, with additional tranches available over the agreement term, subject to customary conditions and mutual agreement. The partnership with RiverFort provides flexible capital that aligns with CHARBONE's development timeline, according to Benoit Veilleux, CHARBONE’s Chief Financial Officer and Corporate Secretary.
The Convertible Loan includes key terms such as a 12% annual interest rate, a three-year term with each drawdown repayable over 18 months, and conversion options for the lender. The first drawdown is convertible into units of common shares and warrants at a conversion price of $0.15 per unit. If not converted, repayment is scheduled with 10% at 6 months, 20% at 12 months, and 70% at maturity in 18 months. The facility is secured by a first ranking hypothec over the movable property of Charbone Hydrogène Québec Inc. and Charbone Hydrogen Corporation. Proceeds from the loan will accelerate development of CHARBONE's clean UHP hydrogen production facilities, support capital expenditures, and provide working capital for growth initiatives.
CHARBONE is a vertically integrated industrial gases company serving sectors like semiconductors, artificial intelligence, data centers, and aerospace. Its modular, decentralized approach to hydrogen production aims to address supply gaps and support the transition to a lower-carbon economy. RiverFort, an international capital provider with over $15 billion in executed transactions, partners with high-growth companies. This financing milestone underscores CHARBONE's strategy to scale hydrogen production capacity and expand its industrial gas platform across North America. For more information, visit www.charbone.com.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, CHARBONE Closes $10M Convertible Loan to Accelerate Hydrogen Growth
