CHARBONE Hydrogen advances on its flagship project in Sorel-Tracy, announcing several significant milestones this week
Charbonne Hydrogen Corporation's Sorel-Tracy Flagship Project Advances
The Charbonne Hydrogen Corporation's Sorel-Tracy flagship project is making significant strides in several key areas, according to a recent announcement.
Electrical Interconnection
The electrical interconnection of the site has been completed. A team from Hydro-Quebec connected the distribution network to the first pole on-site, following the installation of the Hydro-Québec metering station three weeks earlier. This allows energy to flow from the Hydro-Quebec grid to the production area, facilitating equipment installation.
Water Supply Infrastructure
The Sorel-Tracy Water Department has completed excavating and installing piping to link the CHARBONE site to a 14-inch main water line. This connection ensures sufficient water capacity to support all five planned project phases.
Civil Construction
Heavy civil construction equipment has arrived on-site, and CHARBONE's general contractor and subcontractor teams have initiated work. Surveyors have completed all necessary site markings for building and production area construction, preparing for the arrival of production equipment in the upcoming weeks.
Hydrogen Production Timeline
With both electricity and water connections secured, the site is ready to begin hydrogen production once the equipment installation is completed. The project is on track to commence production this fall.
In addition to these milestones, CHARBONE has successfully relocated and protected a rare and endangered plant species, the 'Three-awn grass', identified on a small part of the property. This demonstrates the company's commitment to environmental stewardship while advancing the project.
It's worth noting that Charbonne remains publicly listed in North America and Europe on the TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange. The company's contact information, including telephone number and email address, is available for inquiries.
However, forward-looking statements in this news release are subject to risks and uncertainties. Each warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.10 or USD equivalent. The settlement for Shares for debt financing amounting to $118,095 was made with an arm's length supplier.
Charbonne Hydrogen Corporation (TSXV: CH, OTC: CHHYF, OTCQB: CHHYF, FSE: K47) has yet to provide specific information about the share debt financing. The company also undertakes no obligation to publicly update or revise forward-looking information.
- The Charbonne Hydrogen Corporation's Sorel-Tracy project, with a focus on renewable energy and environmental science, is moving forward in several aspects, such as electrical interconnection and water supply infrastructure.
- The completion of the electrical interconnection allows energy to flow from the Hydro-Quebec grid to the production area, aiding in equipment installation.
- The Sorel-Tracy Water Department has installed necessary piping to ensure a sufficient water supply for all five planned project phases.
- With both electricity and water connections secured, hydrogen production is anticipated to begin once equipment installation is completed, potentially set for this fall, demonstrating the project's progress in the climate-change mitigation industry.
