Mr. Benoit Veilleux reports

Charbone ANNOUNCES UPDATES ON SOREL-TRACY PHASE 1B AND METROLOGY EQUIPMENT INSTALLATION

Charbone Corp. has provided important updates concerning its phase 1B construction, with the goal of making its upgraded production capacity operational during the upcoming fall. The company is also announcing a vital component for the on-site batch purity testing of its clean UHP hydrogen that has been successfully received and installed at its plant.

Phase 1B civil construction under way

Heavy civil construction equipment has arrived on site, and Charbone's general contractor and subcontractor teams have begun work. Surveyors have finished all necessary site markings for the construction of production areas in preparation for the arrival of production equipment in the upcoming weeks and construction of the operation and maintenance building.

This critical juncture signifies the official initiation of the phase 1B construction stage for Charbone's clean UHP hydrogen plant located in Quebec. The tasks involved in this endeavor encompass the comprehensive readying of the technological infrastructure and the placement of the foundational structures required for the subsequent assembly of the primary equipment.

Metrology equipment

A cutting-edge gas chromatography system has been deployed by a world-renowned firm. This organization, a leader in life sciences, diagnostics and applied markets, is recognized for its unwavering commitment to integrity across all its endeavors. The system has been specifically engineered for high-purity hydrogen analysis. Its function is to identify traces of impurities and to guarantee purity gas compliance and quality with relevant standards. As a result, Charbone's stringent purity benchmarks will become easily accessible, aiming to enhance sales among customers who require effective testing solutions.

Management statement

"Our upgraded operations in Sorel-Tracy, Que., Canada, represent another cornerstone of our strategic growth and our commitment toward our shareholders and customers to a world-class unique plant in its kind," said Dave Gagnon, chairman and chief executive officer of Charbone. "We are proud to be a leader in high-purity gases, fostering innovation and creating opportunities as we expand our sustainable practices."

About Charbone Corp.

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 ultrahigh-purity (UHP) strategic industrial gases. The company serves customers across sectors including semiconductors, artificial intelligence and data centres, advanced pharmaceuticals, and aerospace and defence 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 toward localized clean energy.

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