Charbone Reaches Major Milestone With Delivery of Its Electrolyzer to the Sorel-Tracy Site

VARENNES, QUEBEC - August 18, 2026 (NEWMEDIAWIRE) - CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, is pleased to announce the delivery of its electrolyzer to its flagship site in Sorel-Tracy, Quebec.

The arrival of this essential equipment represents one of the most significant milestones achieved to date as part of Phase 1B of the project. It confirms tangible progress in CHARBONE’s development plan to increase its clean UHP hydrogen production capacity and meet growing demand from its industrial customers.

The arrival of this strategic equipment marks a decisive step in the completion of Phase 1B and the deployment of increased clean Ultra-High-Purity hydrogen production capacity.

A Decisive Step Toward Increased Production Capacity

Designed to produce hydrogen through water electrolysis, the electrolyzer is the technological core of the next phase of production at the Sorel-Tracy site. Its delivery now enables CHARBONE’s teams, construction contractors and technical partners to begin the next steps involving its positioning, installation and integration into the Sorel-Tracy site infrastructure.

Civil engineering work and foundation preparation have been planned to accommodate the main production equipment. Activities will proceed in accordance with the Company’s execution schedule, including component assembly, mechanical and electrical connections, testing and commissioning.

This development is part of CHARBONE’s modular and phased strategy, which enables the Company to add production capacity in line with demand while maintaining a disciplined approach to its development.

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“It is with immense pride that we announce the arrival of our electrolyzer in Sorel-Tracy today. This is far more than the delivery of a piece of equipment, it represents the achievement of a pivotal step in realizing our vision and one of the most important milestones in the Company’s history. The risks associated with delivery are now behind us,” said Dave Gagnon, President and CEO of CHARBONE. “This achievement also reflects the exceptional commitment of our employees, partners, suppliers and all stakeholders contributing to the development of our flagship site. We are now entering a new phase of execution that will strengthen our ability to serve our key customers and create sustainable value for our shareholders. Our previously communicated timeline of a fall launch remains on track, and we look forward to providing further updates as we advance through the next stages of commissioning and ramp-up.”

Click Here to see Figure 2

About CHARBONE CORPORATION

CHARBONE is a vertically integrated industrial gases company focused on developing and operating a network of supply hubs for the production, storage, and distribution of Ultra-High Purity (UHP) strategic industrial gases. The Company serves customers across sectors including semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense technologies, where UHP gases are critical for high-precision manufacturing processes and operational performance. CHARBONE is advancing a network of clean UHP hydrogen production facilities across North America and selected international markets. The Company’s modular, decentralized, and demand-driven approach, combined with its integrated storage and distribution platform for all UHP gases, supports scalable growth, enhances operational flexibility, and enables more stable and diversified revenue generation. This model allows CHARBONE to efficiently serve mid-tier industrial gas customers with a reliable supply of UHP gases, including hydrogen, helium, oxygen, and any others that are in high-demand gases that are often difficult to source. The Company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases, while addressing supply gaps for underserved industrial customers and accelerating the shift towards localized clean energy. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit: www.charbone.com.

For Further Information Contact Charbone Corporation
Telephone: +1 450 678 7171
Email: [email protected]
Benoit Veilleux
CFO and Corporate Secretary

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.sedarplus.ca; 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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