Charbone Corporation Reports Q2 2026 Results and Secures Additional Financing
Charbone Corporation (TSXV: CH, OTCQB: CHHYF, FSE: K47) announced the financial and operational results for the second quarter of 2026 and disclosed a new drawdown of its secured convertible loan facility.
Q2 2026 Financial Highlights
| Item | Q2 2026 | Q1 2026 |
|---|---|---|
| Gas income | $0.5 million | $0.2 million |
| Six‑month gas income (ended 30 June) | $0.6 million | $0.0 million |
| General and administrative expenses | Disciplined; improving operating leverage |
Gas income increased 155 % compared with the first quarter and the six‑month period ended 30 June 2026 represented a significant jump from zero in the same period of 2025. The company indicated that general and administrative costs remain controlled while revenue growth enhances operating leverage.
Convertible Loan Facility Update
On 29 April 2026, Charbone drew $3 million as the first tranche of a $10 million secured convertible loan. In a press release dated 2 September 2026, the company confirmed that RiverFort Global Opportunities PCC Ltd has advanced $1.5 million, constituting the second half of the second drawdown tranche (up to $3 million) and bringing the total drawdown to $4.5 million.
Key terms of the facility:
- Total size: up to $10 million
- Structure: multi‑drawdown secured convertible loan
- Conditions: availability upon satisfaction of closing conditions, including TSX Venture Exchange approval
- Future drawdowns: additional tranches up to $3 million are available under the second drawdown, subject to customary conditions and mutual agreement
The additional liquidity is intended to accelerate the company’s growth initiatives and support the development of its modular and expandable hydrogen facilities.
Market Context
- Market cap: ~C$45 million (as of 31 August 2026)
- Share price: C$0.155 (at time of publication)
- 52‑week high: C$0.435 (2 December 2025)
- 52‑week low: C$0.060 (16 September 2025)
Charbone’s focus on clean, ultra‑high‑purity hydrogen positions it within the growing market for sustainable industrial gases. The company’s recent financial performance and the secured financing arrangement provide additional capital to advance Phase 1B of its production and distribution operations.
