Charbone Raises $3.1 Million to Expand Hydrogen Production at Sorel-Tracy

Charbone Hydrogen Corporation ( (TSE:CH) ) just unveiled an announcement.

Charbone Corporation has closed a non-brokered private placement raising gross proceeds of $3.1 million, issuing 23,614,286 units at $0.13125 per unit, each comprising one common share and one warrant exercisable at $0.18 for 24 months, with an acceleration clause tied to share price performance. The funds will primarily support the purchase and installation of Phase 1B hydrogen production equipment at the company’s Sorel-Tracy site in Quebec and general working capital, enabling a 4.5-fold increase in clean ultra-high-purity hydrogen capacity to nearly one tonne per day, strengthening Charbone’s balance sheet and advancing its strategy to scale decentralized hydrogen production, subject to final approval from the TSX Venture Exchange.

The most recent analyst rating on (TSE:CH) stock is a Sell with a C$0.15 price target. To see the full list of analyst forecasts on Charbone Hydrogen Corporation stock, see the TSE:CH Stock Forecast page.

Spark’s Take on TSE:CH Stock

According to Spark, TipRanks’ AI Analyst, TSE:CH is a Neutral.

The overall stock score of 47 reflects significant financial challenges as the most impactful factor, with severe distress in financial performance. While technical analysis shows some positive momentum, the valuation remains unattractive due to ongoing losses. The absence of earnings call and corporate events data limits additional insights.

To see Spark’s full report on TSE:CH stock, click here.

More about Charbone Hydrogen Corporation

Charbone Corporation is a North American developer, producer, and distributor of clean ultra-high-purity hydrogen and strategic industrial gases, operating a growing industrial gas distribution platform. Using a modular approach, the company is building a network of decentralized clean hydrogen production facilities across North America and selected international markets, anchored by its flagship Sorel-Tracy project in Quebec. Its integrated model, which includes partnerships in helium and specialty gases, is designed to reduce risk, support underserved industrial gas customers, and diversify revenues as it contributes to the transition to a lower-carbon economy.

Average Trading Volume: 1,452,763

Technical Sentiment Signal: Buy

Current Market Cap: C$30.47M

For a thorough assessment of CH stock, go to TipRanks’ Stock Analysis page.