First Atlas Resources’ (CSE: HHE) strategic partner, Quebec Innovative Materials Corp. (QIMC), has released new drill data from Bennett Hill, Nova Scotia, reporting multiple elevated hydrogen mud-gas readings from the 100 metre to 250 metre interval of drill hole DDH-26-04.

DDH-26-04 is located approximately 15 kilometres from the area where QIMC’s first three holes were drilled and in the direction of First Atlas’ Nova Scotia land package.

The latest results include:

• 16.0% H₂ at 236 metres
• Two additional readings of 13.5% H₂
• Nine readings at or above 5% H₂
• 35 of 60 IsoJar samples returning readings at or above 1% H₂ across the interval
• Methane remained near zero, with carbon dioxide at or below 0.2%

QIMC previously reported elevated hydrogen in the first 100 metres of the same hole, including a 9 metre zone where four readings reached the upper measurement limit of the field analyzer.

Four Drill Holes Have Now Reported Elevated Hydrogen Levels

QIMC has reported elevated natural hydrogen across four consecutive drill holes in Nova Scotia.

• DDH-26-01 confirmed naturally occurring hydrogen within the West-Advocate area.
• DDH-26-02 encountered elevated hydrogen readings across multiple intervals.
• DDH-26-03 recorded a peak hydrogen reading of 10.77% H₂ at 848 metres, with four additional hydrogen readings above 1% H₂ across a 69 metre interval.
• DDH-26-04 has now reported elevated hydrogen through the first 250 metres, including a peak reading of 16.0% H₂.

Quebec Establishes Natural Hydrogen Framework

This update also follows Quebec’s adoption of Bill 17, which establishes a regulatory framework for clean natural hydrogen exploration and development.

First Atlas’ Matane Natural Hydrogen Project is located in Quebec, with QIMC also serving as technical adviser on that project.

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HydroGraph Clean Power Inc. is a Canadian advanced materials company producing high-purity synthetic fractal graphene for industrial and commercial applications.

Instead of relying on mined graphite, HydroGraph uses a patented blast synthesis process to convert carbon from hydrocarbon gases into graphene inside its Hyperion reactors. The company has reported 99.8% carbon purity for its FGA-1 graphene.

HydroGraph’s Hyperion reactors are small modular production units with a footprint of less than 3 metres by 3 metres. Rather than relying on one large centralized facility, HydroGraph can add more reactors as customer demand grows, allowing production capacity to increase while maintaining consistency from batch to batch.

Graphene and Fractal Graphene

Graphene is a carbon-based advanced material made from carbon atoms connected by strong sp² bonds. This structure helps give graphene its strength, conductivity, barrier properties, and the ability to improve other materials even when added in small amounts.

Traditional graphene is often described as a flat, sheet-like material. HydroGraph produces synthetic fractal graphene with a turbostratic structure, meaning the graphene layers are randomly stacked rather than perfectly aligned. This more complex, interconnected structure gives it higher surface area and more contact points with the materials it is added to. This can help improve dispersion, reinforcement, conductivity, corrosion resistance, and barrier performance across industrial and commercial applications.

HydroGraph is targeting markets where adding small amounts of graphene can improve material performance, including:

• Thermoplastics
• Composites and resins
• Coatings
• Lubricants
• Concrete and cement
• Energy storage
• Biosensors
• Elastomers
• Printed electronics

U.S. Expansion and Production Growth

On April 14th, 2026, HydroGraph announced the opening of its new headquarters in Austin, Texas. The facility expands HydroGraph’s R&D and production capabilities and will support future graphene production in Texas.

Earlier in January 2026, HydroGraph announced construction of two additional Hyperion reactors. Each reactor is expected to have annual production capacity of approximately 10 tons of FGA-1 ultra-pure fractal graphene. The reactors were planned for initial commissioning in Manhattan, Kansas before being relocated to HydroGraph’s U.S. facilities in Austin, Texas.

HydroGraph has also signed a letter of intent with an industrial gas supplier to secure long-term access to high-purity acetylene. Acetylene is a key feedstock in HydroGraph’s blast synthesis process and would support the company’s planned graphene production facility in Texas. The planned facility is expected to include 15 next-generation Hyperion reactors and have annual production capacity of over 350 metric tons of graphene.

Commercial and Technical Partnerships

HydroGraph is building partnerships that support customer testing, application development, and commercial adoption of its fractal graphene in polymers, coatings, and specialty compounds.

• Graphene Engineering Innovation Centre: In January 2026, HydroGraph expanded its collaboration with the Graphene Engineering Innovation Centre at the University of Manchester by becoming a Tier 1 member. The membership gives HydroGraph access to technical support, testing infrastructure, and a network of industry partners as it develops commercial applications for its fractal graphene.
• Hubron International: On February 10th, 2026, HydroGraph added Hubron International to its Fractal Graphene Compounding Partner Program. Hubron is a UK-based specialist in polymer compounds and additive masterbatches, giving HydroGraph a partner focused on thermoplastics and polymer applications. Through Hubron’s compounding experience and distributor network, HydroGraph is targeting markets including automotive, construction, electronics, film, pipe, wire and cable, and technical compounding.
• Broadway Colours: On March 17th, 2026, HydroGraph announced that Broadway Colours Ltd. earned certification as a qualified HydroGraph Compounding Partner. Broadway is a UK manufacturer of masterbatches, compounds, and rotational moulding powders, operating from a 90,000-square-foot facility and supporting plastic manufacturers across the UK and Europe.
• Sparc Technologies: On March 24th, 2026, HydroGraph announced a Letter of Intent with Sparc Technologies to evaluate HydroGraph’s Fractal Graphene in Sparc’s ecosparc® additives for protective coatings. The collaboration is focused on corrosion protection for steel infrastructure, including energy, marine, mining, transportation, government, and defence markets. Initial testing using HydroGraph’s FGA-1 Fractal Graphene in commercial water-based coating systems showed a 39% to 60% reduction in corrosion spread under ASTM D1654-08 testing.
• Modern Dispersions Inc: On June 16th, 2026, HydroGraph announced that Modern Dispersions Inc. earned certification as a qualified HydroGraph Compounding Partner. MDI is a U.S.-based specialist in thermoplastic compounds and masterbatch applications, adding another North American partner focused on polymer processing and graphene masterbatch production.

Regulatory Approvals and Commercial Development

• On February 24th, 2026, HydroGraph announced regulatory approvals covering commercial-scale graphene sales activity in the United States, the United Kingdom, and the European Union.
• The company received a U.S. EPA TSCA Section 5(e) Order covering two graphene materials. The order authorizes manufacture, processing, distribution, use, and disposal in the United States under specified conditions.
• HydroGraph also received UK REACH and EU REACH registrations for graphene, allowing commercial manufacture and supply in Great Britain and the European Union.

HydroGraph now has patented graphene production technology, regulatory clearance across the U.S., U.K., and EU, and a modular production system designed to scale with customer demand.

These approvals remove a major regulatory barrier as HydroGraph expands its U.S. production footprint and advances its fractal graphene from customer testing toward commercial use across multiple industrial markets.

Join the Canadian Hidden Gems Discord community: https://discord.gg/ByfkKfHrv

HydroGraph Clean Power Inc. is a Canadian advanced materials company producing high-purity synthetic fractal graphene for industrial and commercial applications.

Instead of relying on mined graphite, HydroGraph uses a patented blast synthesis process to convert carbon from hydrocarbon gases into graphene inside its Hyperion reactors. The company has reported 99.8% carbon purity for its FGA-1 graphene.

HydroGraph’s Hyperion reactors are small modular production units with a footprint of less than 3 metres by 3 metres. Rather than relying on one large centralized facility, HydroGraph can add more reactors as customer demand grows, allowing production capacity to increase while maintaining consistency from batch to batch.

Graphene and Fractal Graphene

Graphene is a carbon-based advanced material made from carbon atoms connected by strong sp² bonds. This structure helps give graphene its strength, conductivity, barrier properties, and the ability to improve other materials even when added in small amounts.

Traditional graphene is often described as a flat, sheet-like material. HydroGraph produces synthetic fractal graphene with a turbostratic structure, meaning the graphene layers are randomly stacked rather than perfectly aligned. This more complex, interconnected structure gives it higher surface area and more contact points with the materials it is added to. This can help improve dispersion, reinforcement, conductivity, corrosion resistance, and barrier performance across industrial and commercial applications.

HydroGraph is targeting markets where adding small amounts of graphene can improve material performance, including:

• Thermoplastics
• Composites and resins
• Coatings
• Lubricants
• Concrete and cement
• Energy storage
• Biosensors
• Elastomers
• Printed electronics

U.S. Expansion and Production Growth

On April 14th, 2026, HydroGraph announced the opening of its new headquarters in Austin, Texas. The facility expands HydroGraph’s R&D and production capabilities and will support future graphene production in Texas.

Earlier in January 2026, HydroGraph announced construction of two additional Hyperion reactors. Each reactor is expected to have annual production capacity of approximately 10 tons of FGA-1 ultra-pure fractal graphene. The reactors were planned for initial commissioning in Manhattan, Kansas before being relocated to HydroGraph’s U.S. facilities in Austin, Texas.

HydroGraph has also signed a letter of intent with an industrial gas supplier to secure long-term access to high-purity acetylene. Acetylene is a key feedstock in HydroGraph’s blast synthesis process and would support the company’s planned graphene production facility in Texas. The planned facility is expected to include 15 next-generation Hyperion reactors and have annual production capacity of over 350 metric tons of graphene.

Commercial and Technical Partnerships

HydroGraph is building partnerships that support customer testing, application development, and commercial adoption of its fractal graphene in polymers, coatings, and specialty compounds.

• Graphene Engineering Innovation Centre: In January 2026, HydroGraph expanded its collaboration with the Graphene Engineering Innovation Centre at the University of Manchester by becoming a Tier 1 member. The membership gives HydroGraph access to technical support, testing infrastructure, and a network of industry partners as it develops commercial applications for its fractal graphene.
• Hubron International: On February 10th, 2026, HydroGraph added Hubron International to its Fractal Graphene Compounding Partner Program. Hubron is a UK-based specialist in polymer compounds and additive masterbatches, giving HydroGraph a partner focused on thermoplastics and polymer applications. Through Hubron’s compounding experience and distributor network, HydroGraph is targeting markets including automotive, construction, electronics, film, pipe, wire and cable, and technical compounding.
• Broadway Colours: On March 17th, 2026, HydroGraph announced that Broadway Colours Ltd. earned certification as a qualified HydroGraph Compounding Partner. Broadway is a UK manufacturer of masterbatches, compounds, and rotational moulding powders, operating from a 90,000-square-foot facility and supporting plastic manufacturers across the UK and Europe.
• Sparc Technologies: On March 24th, 2026, HydroGraph announced a Letter of Intent with Sparc Technologies to evaluate HydroGraph’s Fractal Graphene in Sparc’s ecosparc® additives for protective coatings. The collaboration is focused on corrosion protection for steel infrastructure, including energy, marine, mining, transportation, government, and defence markets. Initial testing using HydroGraph’s FGA-1 Fractal Graphene in commercial water-based coating systems showed a 39% to 60% reduction in corrosion spread under ASTM D1654-08 testing.
• Modern Dispersions Inc: On June 16th, 2026, HydroGraph announced that Modern Dispersions Inc. earned certification as a qualified HydroGraph Compounding Partner. MDI is a U.S.-based specialist in thermoplastic compounds and masterbatch applications, adding another North American partner focused on polymer processing and graphene masterbatch production.

Regulatory Approvals and Commercial Development

• On February 24th, 2026, HydroGraph announced regulatory approvals covering commercial-scale graphene sales activity in the United States, the United Kingdom, and the European Union.
• The company received a U.S. EPA TSCA Section 5(e) Order covering two graphene materials. The order authorizes manufacture, processing, distribution, use, and disposal in the United States under specified conditions.
• HydroGraph also received UK REACH and EU REACH registrations for graphene, allowing commercial manufacture and supply in Great Britain and the European Union.

HydroGraph now has patented graphene production technology, regulatory clearance across the U.S., U.K., and EU, and a modular production system designed to scale with customer demand.

These approvals remove a major regulatory barrier as HydroGraph expands its U.S. production footprint and advances its fractal graphene from customer testing toward commercial use across multiple industrial markets.

HydroGraph Clean Power Inc. is a Canadian advanced materials company producing high-purity synthetic fractal graphene for industrial and commercial applications.

Instead of relying on mined graphite, HydroGraph uses a patented blast synthesis process to convert carbon from hydrocarbon gases into graphene inside its Hyperion reactors. The company has reported 99.8% carbon purity for its FGA-1 graphene.

HydroGraph’s Hyperion reactors are small modular production units with a footprint of less than 3 metres by 3 metres. Rather than relying on one large centralized facility, HydroGraph can add more reactors as customer demand grows, allowing production capacity to increase while maintaining consistency from batch to batch.

Graphene and Fractal Graphene

Graphene is a carbon-based advanced material made from carbon atoms connected by strong sp² bonds. This structure helps give graphene its strength, conductivity, barrier properties, and the ability to improve other materials even when added in small amounts.

Traditional graphene is often described as a flat, sheet-like material. HydroGraph produces synthetic fractal graphene with a turbostratic structure, meaning the graphene layers are randomly stacked rather than perfectly aligned. This more complex, interconnected structure gives it higher surface area and more contact points with the materials it is added to. This can help improve dispersion, reinforcement, conductivity, corrosion resistance, and barrier performance across industrial and commercial applications.

HydroGraph is targeting markets where adding small amounts of graphene can improve material performance, including:

• Thermoplastics
• Composites and resins
• Coatings
• Lubricants
• Concrete and cement
• Energy storage
• Biosensors
• Elastomers
• Printed electronics

U.S. Expansion and Production Growth

On April 14th, 2026, HydroGraph announced the opening of its new headquarters in Austin, Texas. The facility expands HydroGraph’s R&D and production capabilities and will support future graphene production in Texas.

Earlier in January 2026, HydroGraph announced construction of two additional Hyperion reactors. Each reactor is expected to have annual production capacity of approximately 10 tons of FGA-1 ultra-pure fractal graphene. The reactors were planned for initial commissioning in Manhattan, Kansas before being relocated to HydroGraph’s U.S. facilities in Austin, Texas.

HydroGraph has also signed a letter of intent with an industrial gas supplier to secure long-term access to high-purity acetylene. Acetylene is a key feedstock in HydroGraph’s blast synthesis process and would support the company’s planned graphene production facility in Texas. The planned facility is expected to include 15 next-generation Hyperion reactors and have annual production capacity of over 350 metric tons of graphene.

Commercial and Technical Partnerships

HydroGraph is building partnerships that support customer testing, application development, and commercial adoption of its fractal graphene in polymers, coatings, and specialty compounds.

• Graphene Engineering Innovation Centre: In January 2026, HydroGraph expanded its collaboration with the Graphene Engineering Innovation Centre at the University of Manchester by becoming a Tier 1 member. The membership gives HydroGraph access to technical support, testing infrastructure, and a network of industry partners as it develops commercial applications for its fractal graphene.
• Hubron International: On February 10th, 2026, HydroGraph added Hubron International to its Fractal Graphene Compounding Partner Program. Hubron is a UK-based specialist in polymer compounds and additive masterbatches, giving HydroGraph a partner focused on thermoplastics and polymer applications. Through Hubron’s compounding experience and distributor network, HydroGraph is targeting markets including automotive, construction, electronics, film, pipe, wire and cable, and technical compounding.
• Broadway Colours: On March 17th, 2026, HydroGraph announced that Broadway Colours Ltd. earned certification as a qualified HydroGraph Compounding Partner. Broadway is a UK manufacturer of masterbatches, compounds, and rotational moulding powders, operating from a 90,000-square-foot facility and supporting plastic manufacturers across the UK and Europe.
• Sparc Technologies: On March 24th, 2026, HydroGraph announced a Letter of Intent with Sparc Technologies to evaluate HydroGraph’s Fractal Graphene in Sparc’s ecosparc® additives for protective coatings. The collaboration is focused on corrosion protection for steel infrastructure, including energy, marine, mining, transportation, government, and defence markets. Initial testing using HydroGraph’s FGA-1 Fractal Graphene in commercial water-based coating systems showed a 39% to 60% reduction in corrosion spread under ASTM D1654-08 testing.
• Modern Dispersions Inc: On June 16th, 2026, HydroGraph announced that Modern Dispersions Inc. earned certification as a qualified HydroGraph Compounding Partner. MDI is a U.S.-based specialist in thermoplastic compounds and masterbatch applications, adding another North American partner focused on polymer processing and graphene masterbatch production.

Regulatory Approvals and Commercial Development

• On February 24th, 2026, HydroGraph announced regulatory approvals covering commercial-scale graphene sales activity in the United States, the United Kingdom, and the European Union.
• The company received a U.S. EPA TSCA Section 5(e) Order covering two graphene materials. The order authorizes manufacture, processing, distribution, use, and disposal in the United States under specified conditions.
• HydroGraph also received UK REACH and EU REACH registrations for graphene, allowing commercial manufacture and supply in Great Britain and the European Union.

HydroGraph now has patented graphene production technology, regulatory clearance across the U.S., U.K., and EU, and a modular production system designed to scale with customer demand.

These approvals remove a major regulatory barrier as HydroGraph expands its U.S. production footprint and advances its fractal graphene from customer testing toward commercial use across multiple industrial markets.

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Charbone Corporation is a Canadian industrial gas company focused on clean ultra high purity (UHP) hydrogen production, storage, distribution, and specialty gas supply. The company is building a modular green hydrogen production network while expanding its industrial gas business through customer contracts, supply agreements, and partnerships.

Hydrogen Production and Distribution

On October 14th, 2025, Charbone signed a five-year agreement to supply clean UHP hydrogen to an independent distributor. The agreement was followed by Charbone’s first commercial clean UHP hydrogen delivery, marking the start of revenue generation and the company’s entry into the Ontario hydrogen market.

Since then, the company has expanded its hydrogen business through commercial production, U.S. distribution infrastructure, and additional partnerships:

• Charbone is producing clean UHP hydrogen at its Sorel-Tracy, Québec plant, where Phase 1A has launched and commercial production is ongoing.

• On May 6th, 2026, the company opened its first U.S. industrial gas hub in Albany, New York.

• On May 19th, 2026, Charbone signed an agreement with Vema Hydrogen. The arrangement combines Vema’s hydrogen production with Charbone’s purification, compression, and distribution capabilities, expanding supply capacity for industrial gas customers.

Hydrogen for Mobile Film Production

A major challenge for hydrogen companies has been proving real commercial demand beyond pilot projects, government announcements, and long-term infrastructure plans.

On June 10th, 2026, Charbone signed a two-year hydrogen supply agreement with Hone Inc. The agreement builds on earlier work between the two companies, where Charbone’s hydrogen was used to power equipment on a major Hollywood studio production site utilizing Hone systems.

Film sets require reliable temporary power for lighting, trailers, equipment, production offices, and other on-site infrastructure. Diesel generators are commonly used because they are portable and familiar, but Hone’s hydrogen-fueled generator systems offer a lower-emission alternative. When replacing a conventional diesel generator, each unit can displace more than 1.5 tonnes of CO2 per day.

Expanding Hydrogen Production

Charbone’s next phase of growth is focused on increasing production capacity at its Sorel-Tracy plant and advancing additional hydrogen production sites.

• Construction is underway on the Phase 1B expansion at Sorel-Tracy, with Phase 2 targeted for H2 2026.

• Detroit, Michigan has been identified as a planned hydrogen production site. Site selection, permitting, and development are underway, with Phase 1 launch targeted for H2 2026.

• In Wisconsin, the company is evaluating future hydrogen production opportunities using company-owned land and access to hydroelectric power, with site permitting and development targeted for H2 2026.

• In Malaysia, Charbone has reported revenue from advisory services related to its Green Hydrogen ASIAPAC role, with further project development and expansion targeted for H2 2026.

Helium and UHP Oxygen Customer Growth

Charbone recently announced 22 new helium customers across Québec, serving sectors including advanced manufacturing, welding and metal processing, laboratories, specialized technical services, and other industrial applications requiring reliable helium supply. The company also signed a three-year helium supply agreement with an independent distributor.

Commercial activity expanded into UHP oxygen in 2026. On February 25th, Charbone confirmed its first U.S. UHP oxygen order from a New York State customer. On April 23rd, the company signed a three-year UHP oxygen supply contract with the same customer.

Industrial Uses for Ultra High Purity Gases

Ultra high purity hydrogen and oxygen are used in industries where even trace impurities can affect equipment performance, product quality, safety, and reliability.

Common applications include:

• Semiconductor manufacturing
• AI and data centres
• Precision laboratories
• Pharmaceutical and biotech applications
• Aerospace applications
• Advanced defence technologies
• Hydrogen fuel cells
• Chemical and advanced manufacturing processes

Financing Activity

On January 12th, 2026, the company raised $3.1 million through a non-brokered private placement. The proceeds were directed toward equipment for the Sorel-Tracy Phase 1B expansion and general working capital.

On April 29th, 2026, Charbone secured up to $10 million in financing, with an initial $3 million drawn at closing. Additional capital will be accessed over time to support equipment purchases, project development, and general working capital.

Join the Canadian Hidden Gems Discord community: https://discord.gg/ByfkKfHrv

Charbone Corporation is a Canadian industrial gas company focused on clean ultra high purity (UHP) hydrogen production, storage, distribution, and specialty gas supply. The company is building a modular green hydrogen production network while expanding its industrial gas business through customer contracts, supply agreements, and partnerships.

Hydrogen Production and Distribution

On October 14th, 2025, Charbone signed a five-year agreement to supply clean UHP hydrogen to an independent distributor. The agreement was followed by Charbone’s first commercial clean UHP hydrogen delivery, marking the start of revenue generation and the company’s entry into the Ontario hydrogen market.

Since then, the company has expanded its hydrogen business through commercial production, U.S. distribution infrastructure, and additional partnerships:

• Charbone is producing clean UHP hydrogen at its Sorel-Tracy, Québec plant, where Phase 1A has launched and commercial production is ongoing.

• On May 6th, 2026, the company opened its first U.S. industrial gas hub in Albany, New York.

• On May 19th, 2026, Charbone signed an agreement with Vema Hydrogen. The arrangement combines Vema’s hydrogen production with Charbone’s purification, compression, and distribution capabilities, expanding supply capacity for industrial gas customers.

Hydrogen for Mobile Film Production

A major challenge for hydrogen companies has been proving real commercial demand beyond pilot projects, government announcements, and long-term infrastructure plans.

On June 10th, 2026, Charbone signed a two-year hydrogen supply agreement with Hone Inc. The agreement builds on earlier work between the two companies, where Charbone’s hydrogen was used to power equipment on a major Hollywood studio production site utilizing Hone systems.

Film sets require reliable temporary power for lighting, trailers, equipment, production offices, and other on-site infrastructure. Diesel generators are commonly used because they are portable and familiar, but Hone’s hydrogen-fueled generator systems offer a lower-emission alternative. When replacing a conventional diesel generator, each unit can displace more than 1.5 tonnes of CO2 per day.

Expanding Hydrogen Production

Charbone’s next phase of growth is focused on increasing production capacity at its Sorel-Tracy plant and advancing additional hydrogen production sites.

• Construction is underway on the Phase 1B expansion at Sorel-Tracy, with Phase 2 targeted for H2 2026.

• Detroit, Michigan has been identified as a planned hydrogen production site. Site selection, permitting, and development are underway, with Phase 1 launch targeted for H2 2026.

• In Wisconsin, the company is evaluating future hydrogen production opportunities using company-owned land and access to hydroelectric power, with site permitting and development targeted for H2 2026.

• In Malaysia, Charbone has reported revenue from advisory services related to its Green Hydrogen ASIAPAC role, with further project development and expansion targeted for H2 2026.

Helium and UHP Oxygen Customer Growth

Charbone recently announced 22 new helium customers across Québec, serving sectors including advanced manufacturing, welding and metal processing, laboratories, specialized technical services, and other industrial applications requiring reliable helium supply. The company also signed a three-year helium supply agreement with an independent distributor.

Commercial activity expanded into UHP oxygen in 2026. On February 25th, Charbone confirmed its first U.S. UHP oxygen order from a New York State customer. On April 23rd, the company signed a three-year UHP oxygen supply contract with the same customer.

Industrial Uses for Ultra High Purity Gases

Ultra high purity hydrogen and oxygen are used in industries where even trace impurities can affect equipment performance, product quality, safety, and reliability.

Common applications include:

• Semiconductor manufacturing
• AI and data centres
• Precision laboratories
• Pharmaceutical and biotech applications
• Aerospace applications
• Advanced defence technologies
• Hydrogen fuel cells
• Chemical and advanced manufacturing processes

Financing Activity

On January 12th, 2026, the company raised $3.1 million through a non-brokered private placement. The proceeds were directed toward equipment for the Sorel-Tracy Phase 1B expansion and general working capital.

On April 29th, 2026, Charbone secured up to $10 million in financing, with an initial $3 million drawn at closing. Additional capital will be accessed over time to support equipment purchases, project development, and general working capital.

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Charbone Corporation is a Canadian industrial gas company focused on clean ultra high purity (UHP) hydrogen production, storage, distribution, and specialty gas supply. The company is building a modular green hydrogen production network while expanding its industrial gas business through customer contracts, supply agreements, and partnerships.

Hydrogen Production and Distribution

On October 14th, 2025, Charbone signed a five-year agreement to supply clean UHP hydrogen to an independent distributor. The agreement was followed by Charbone’s first commercial clean UHP hydrogen delivery, marking the start of revenue generation and the company’s entry into the Ontario hydrogen market.

Since then, the company has expanded its hydrogen business through commercial production, U.S. distribution infrastructure, and additional partnerships:

• Charbone is producing clean UHP hydrogen at its Sorel-Tracy, Québec plant, where Phase 1A has launched and commercial production is ongoing.

• On May 6th, 2026, the company opened its first U.S. industrial gas hub in Albany, New York.

• On May 19th, 2026, Charbone signed an agreement with Vema Hydrogen. The arrangement combines Vema’s hydrogen production with Charbone’s purification, compression, and distribution capabilities, expanding supply capacity for industrial gas customers.

Hydrogen for Mobile Film Production

A major challenge for hydrogen companies has been proving real commercial demand beyond pilot projects, government announcements, and long-term infrastructure plans.

On June 10th, 2026, Charbone signed a two-year hydrogen supply agreement with Hone Inc. The agreement builds on earlier work between the two companies, where Charbone’s hydrogen was used to power equipment on a major Hollywood studio production site utilizing Hone systems.

Film sets require reliable temporary power for lighting, trailers, equipment, production offices, and other on-site infrastructure. Diesel generators are commonly used because they are portable and familiar, but Hone’s hydrogen-fueled generator systems offer a lower-emission alternative. When replacing a conventional diesel generator, each unit can displace more than 1.5 tonnes of CO2 per day.

Expanding Hydrogen Production

Charbone’s next phase of growth is focused on increasing production capacity at its Sorel-Tracy plant and advancing additional hydrogen production sites.

• Construction is underway on the Phase 1B expansion at Sorel-Tracy, with Phase 2 targeted for H2 2026.

• Detroit, Michigan has been identified as a planned hydrogen production site. Site selection, permitting, and development are underway, with Phase 1 launch targeted for H2 2026.

• In Wisconsin, the company is evaluating future hydrogen production opportunities using company-owned land and access to hydroelectric power, with site permitting and development targeted for H2 2026.

• In Malaysia, Charbone has reported revenue from advisory services related to its Green Hydrogen ASIAPAC role, with further project development and expansion targeted for H2 2026.

Helium and UHP Oxygen Customer Growth

Charbone recently announced 22 new helium customers across Québec, serving sectors including advanced manufacturing, welding and metal processing, laboratories, specialized technical services, and other industrial applications requiring reliable helium supply. The company also signed a three-year helium supply agreement with an independent distributor.

Commercial activity expanded into UHP oxygen in 2026. On February 25th, Charbone confirmed its first U.S. UHP oxygen order from a New York State customer. On April 23rd, the company signed a three-year UHP oxygen supply contract with the same customer.

Industrial Uses for Ultra High Purity Gases

Ultra high purity hydrogen and oxygen are used in industries where even trace impurities can affect equipment performance, product quality, safety, and reliability.

Common applications include:

• Semiconductor manufacturing
• AI and data centres
• Precision laboratories
• Pharmaceutical and biotech applications
• Aerospace applications
• Advanced defence technologies
• Hydrogen fuel cells
• Chemical and advanced manufacturing processes

Financing Activity

On January 12th, 2026, the company raised $3.1 million through a non-brokered private placement. The proceeds were directed toward equipment for the Sorel-Tracy Phase 1B expansion and general working capital.

On April 29th, 2026, Charbone secured up to $10 million in financing, with an initial $3 million drawn at closing. Additional capital will be accessed over time to support equipment purchases, project development, and general working capital.

Scandium Canada has launched a 4,000 metre diamond drilling program at its Crater Lake Project in Quebec. The program is designed to collect a representative metallurgical bulk sample for ongoing engineering work, while also testing additional areas for resource expansion and exploration potential across the property.

Supporting The Next Stage Of Development

The drilling campaign comes as the company advances several parallel initiatives at Crater Lake, including pre-feasibility work and environmental studies. The metallurgical sample collected during this program is expected to play an important role in future engineering and processing studies.

Recent Project Milestones

Scandium Canada has continued advancing its Crater Lake Project beyond resource definition, with multiple technical and development initiatives now supporting the project’s next stage, including:

• Up to $6.9 million in federal government support.
• Ongoing pre-feasibility work led by Norda Stelo.
• Development work through the company’s Scandium+ division, focused on scandium-aluminum alloys and their commercial applications.
• Research partnerships focused on scandium-aluminum alloys and additive manufacturing applications.

The Importance of Scandium

Scandium is used in specialty aluminum alloys that can improve strength, reduce weight, and enhance performance in demanding applications. Interest in scandium continues to grow across aerospace, defence, additive manufacturing, transportation, and advanced materials sectors.

As governments and industry focus on securing domestic critical mineral supply chains, Crater Lake remains one of the more advanced scandium projects in North America.

With drilling now underway, attention will shift toward assay results, metallurgical findings, and progress on the company’s pre-feasibility study expected later this year.

Source: https://scandium-canada.com/scandium-canada-launches-4000-metre-diamond-drilling-program-at-crater-lake/

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Scandium Canada has launched a 4,000 metre diamond drilling program at its Crater Lake Project in Quebec. The program is designed to collect a representative metallurgical bulk sample for ongoing engineering work, while also testing additional areas for resource expansion and exploration potential across the property.

Supporting The Next Stage Of Development

The drilling campaign comes as the company advances several parallel initiatives at Crater Lake, including pre-feasibility work and environmental studies. The metallurgical sample collected during this program is expected to play an important role in future engineering and processing studies.

Recent Project Milestones

Scandium Canada has continued advancing its Crater Lake Project beyond resource definition, with multiple technical and development initiatives now supporting the project’s next stage, including:

• Up to $6.9 million in federal government support.
• Ongoing pre-feasibility work led by Norda Stelo.
• Development work through the company’s Scandium+ division, focused on scandium-aluminum alloys and their commercial applications.
• Research partnerships focused on scandium-aluminum alloys and additive manufacturing applications.

The Importance of Scandium

Scandium is used in specialty aluminum alloys that can improve strength, reduce weight, and enhance performance in demanding applications. Interest in scandium continues to grow across aerospace, defence, additive manufacturing, transportation, and advanced materials sectors.

As governments and industry focus on securing domestic critical mineral supply chains, Crater Lake remains one of the more advanced scandium projects in North America.

With drilling now underway, attention will shift toward assay results, metallurgical findings, and progress on the company’s pre-feasibility study expected later this year.

Source: https://scandium-canada.com/scandium-canada-launches-4000-metre-diamond-drilling-program-at-crater-lake/

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Scandium Canada has launched a 4,000 metre diamond drilling program at its Crater Lake Project in Quebec. The program is designed to collect a representative metallurgical bulk sample for ongoing engineering work, while also testing additional areas for resource expansion and exploration potential across the property.

Supporting The Next Stage Of Development

The drilling campaign comes as the company advances several parallel initiatives at Crater Lake, including pre-feasibility work and environmental studies. The metallurgical sample collected during this program is expected to play an important role in future engineering and processing studies.

Recent Project Milestones

Scandium Canada has continued advancing its Crater Lake Project beyond resource definition, with multiple technical and development initiatives now supporting the project’s next stage, including:

• Up to $6.9 million in federal government support.
• Ongoing pre-feasibility work led by Norda Stelo.
• Development work through the company’s Scandium+ division, focused on scandium-aluminum alloys and their commercial applications.
• Research partnerships focused on scandium-aluminum alloys and additive manufacturing applications.

The Importance of Scandium

Scandium is used in specialty aluminum alloys that can improve strength, reduce weight, and enhance performance in demanding applications. Interest in scandium continues to grow across aerospace, defence, additive manufacturing, transportation, and advanced materials sectors.

As governments and industry focus on securing domestic critical mineral supply chains, Crater Lake remains one of the more advanced scandium projects in North America.

With drilling now underway, attention will shift toward assay results, metallurgical findings, and progress on the company’s pre-feasibility study expected later this year.

Source: https://scandium-canada.com/scandium-canada-launches-4000-metre-diamond-drilling-program-at-crater-lake/