CHAR

CHAR Tech Announces RSU and Options Grant

Retrieved on: 
Friday, April 19, 2024
CHAR, TSX Venture Exchange, Indian stock exchange, Consultant

TORONTO, April 19, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR” or the “Company”) (TSXV:YES) a recognized leader in sustainable bioenergy solutions, announces that the Board of Directors has approved the grant of 1,116,159 stock options to employees, consultants, directors and officers of CHAR, which are exercisable into common shares of CHAR at a price of $0.42 per common share and expire on April 15th, 2029.

Key Points: 
  • TORONTO, April 19, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR” or the “Company”) (TSXV:YES) a recognized leader in sustainable bioenergy solutions, announces that the Board of Directors has approved the grant of 1,116,159 stock options to employees, consultants, directors and officers of CHAR, which are exercisable into common shares of CHAR at a price of $0.42 per common share and expire on April 15th, 2029.
  • Of the grant, 312,500 options vest immediately, and the remaining 803,659 vest with time and performance milestones over the next 48 months.
  • CHAR also announces that its Board of Directors has approved the grant of 968,933 Restricted Stock Units (“RSUs”) to employees, consultants and officers of CHAR.
  • Of the grant, 174,020 RSUs vest after one year from the date of issue, and the remaining 794,913 vest with time and performance milestones over the next 48 months.

ArcelorMittal's Irina Gorbounova Joins CHAR Tech Board of Directors

Retrieved on: 
Monday, April 15, 2024
Climate change, Certification, Treasury, Breakthrough Energy, London Business School, Aviation biofuel, Partnership, Coal, Carbon, Harvard Business School, Intelligence, ArcelorMittal, CPA, CHAR, Steel, M&A, Dofasco

TORONTO, April 15, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, proudly welcomes ArcelorMittal's Irina Gorbounova, Vice President of M&A and Head of the XCarb® Innovation Fund, to its Board of Directors.

Key Points: 
  • TORONTO, April 15, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, proudly welcomes ArcelorMittal's Irina Gorbounova, Vice President of M&A and Head of the XCarb® Innovation Fund, to its Board of Directors.
  • Irina’s leadership has positioned her as a significant figure in promoting sustainability within the industrial sector, making her an invaluable addition to CHAR Tech’s Board.
  • Her leadership in sustainable steelmaking aligns perfectly with CHAR Tech's mission to drive decarbonization in industrial sectors,” says Andrew White, CEO of CHAR Technologies.
  • We are excited to be working with CHAR Tech for their biocarbon solutions, and I am especially honored to join CHAR Tech's Board of Directors at this pivotal juncture.”
    In July 2023, CHAR Tech secured a CAD$6.6M strategic investment from ArcelorMittal , through their XCarb® Innovation Fund , underscoring their commitment to advancing sustainable solutions.

CHAR Tech and Lake Nipigon Forest Management Inc. Sign Partnership Agreement

Retrieved on: 
Wednesday, March 13, 2024
ArcelorMittal, Employment, MOU, First Nations, Agreement, Lake Nipigon, Partnership, Natural Resources, Biomass, SFL, Forestry, Memorandum, Renewable natural gas, CHAR, RNG, Silviculture

The partnership, Lake Nipigon Forest Sustainable Energy Solutions, (the “Partnership”) builds upon the foundation laid by the Memorandum of Understanding (MOU) signed in April 2023 .

Key Points: 
  • The partnership, Lake Nipigon Forest Sustainable Energy Solutions, (the “Partnership”) builds upon the foundation laid by the Memorandum of Understanding (MOU) signed in April 2023 .
  • LNFMI is a forest management co-operative comprised of four local First Nation Communities who hold the Sustainable Forest License (SFL) on the Lake Nipigon Forest:
    The Partnership will continue advancing development of the jointly-owned facility modeled after CHAR Tech’s flagship facility in Thorold, Ontario.
  • Under the Agreement, LNFMI will oversee the annual wood fiber harvest from the Lake Nipigon Forest, ensuring CHAR Tech’s wood waste feedstock supply for the wood waste-to-renewable energy (RNG and biocarbon) facility.
  • In January 2023, LNFMI was awarded an investment of $200,000 to support formalizing the LNFMI and CHAR Tech partnership for the Lake Nipigon Forest Sustainable Energy Solutions RNG and biocarbon production facility.

CHAR Tech Awarded $5 Million from Government of Canada

Retrieved on: 
Friday, March 8, 2024
Engineering, Natural Resources Canada, Thorold, ArcelorMittal, Natural gas, Biomass, Government, Natural Resources, Forestry, CHAR, Investment, RNG, Renewable energy

THOROLD, Ontario, March 08, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to announce a contribution of approximately $5.2 million from the Government of Canada’s Natural Resources Canada Clean Fuels Fund .

Key Points: 
  • THOROLD, Ontario, March 08, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to announce a contribution of approximately $5.2 million from the Government of Canada’s Natural Resources Canada Clean Fuels Fund .
  • The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources Canada delivered the announcement at CHAR Tech’s Thorold, Ontario facility.
  • “As we emphasize the pivotal role of low-carbon fuels in Canada’s cleaner energy future, I commend the Government of Canada for the Clean Fuels Fund.
  • We extend our gratitude to the Government of Canada and Minister Wilkinson for their unwavering commitment to environmental stewardship.

CHAR Technologies Recognized as a Top 50 TSX Venture Exchange Company

Retrieved on: 
Thursday, February 22, 2024
TSX, HTP, Forestry, TSX Venture Exchange, TSX Venture 50, CHAR, Carbon, Acceleration

TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to announce that it has been named as one of the top performers on the TSX Venture Exchange, making this the second nomination.

Key Points: 
  • TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to announce that it has been named as one of the top performers on the TSX Venture Exchange, making this the second nomination.
  • The 2024 TSX Venture 50, comprising 10 companies from each of the five industry sectors, celebrates excellence in market capitalization, share price appreciation, and trading volume.
  • CHAR Tech’s consistent performance and innovation in cleantech have secured its place among the elite in this prestigious ranking.
  • “Our recognition as one of the top performers on the TSX Venture Exchange for the second consecutive year is a testament to our dedication to excellence and innovation,” said Andrew White, CHAR Technologies’ CEO.

Government of Canada invests $15 Million in Clean Fuels Projects in the Niagara Region and Across Canada

Retrieved on: 
Friday, March 8, 2024
Hydrogen, CFF, Aviation, Investment, Mining, FEED, Azure, Gasoline, Natural gas, Farmer, Growth, Niagara Region, Biomass, Federation, Canada Infrastructure Bank, Natural Resources, Government, SAF, Climate change, Welland Canal, Steel, BMI, Nuclear energy, CO2, CHAR, Electricity, Environment, RNG, Renewable energy

These fuels, like gasoline and diesel, help power our economy, but their extraction and combustion represent a significant source of pollution in Canada.

Key Points: 
  • These fuels, like gasoline and diesel, help power our economy, but their extraction and combustion represent a significant source of pollution in Canada.
  • Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced in Thorold, Ontario, a federal investment of $15 million to support six clean fuels projects across Canada, including $10 million for two projects in the Niagara region.
  • This funding will help advance clean fuels while supporting new jobs, attracting more investments, and bringing more clean energy and technology businesses to our region.
  • Launched in June 2021, the Clean Fuels Fund is investing $1.5 billion to grow the production of clean fuels in Canada, such as hydrogen, renewable diesel and natural gas, cellulosic ethanol, synthetic fuels and sustainable aviation fuel.

CHAR Tech Announces Appointment of New CFO Raquel Insa

Retrieved on: 
Monday, November 20, 2023
CHAR, Engineering, Risk management, CFO, Mining, Tech, Raquel, Business administration, FIDE titles, IE Business School, MBA, Growth, Business, Knowledge, Management

TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES), a recognized leader in sustainable bioenergy solutions, is pleased to announce the appointment of Raquel Insa as the Company’s new Chief Financial Officer (CFO), effective immediately.

Key Points: 
  • TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES), a recognized leader in sustainable bioenergy solutions, is pleased to announce the appointment of Raquel Insa as the Company’s new Chief Financial Officer (CFO), effective immediately.
  • Raquel brings a wealth of experience and expertise to CHAR Tech, with a remarkable track record in successfully delivering large-scale industrial projects across global markets.
  • “We are thrilled to welcome Raquel to the CHAR Tech team as our new CFO” said Andrew White, CEO of CHAR Tech.
  • “We extend our sincere gratitude to Mark for his invaluable contributions to CHAR Tech” said Andrew White, CEO of CHAR Tech.

CHAR Technologies Investor “Fireside Chat” with ArcelorMittal on July 19th: Strategic Partnership Discussion

Retrieved on: 
Tuesday, July 18, 2023
Mergers and acquisitions, ArcelorMittal, Partnership, Strategic Innovation Fund, Dofasco, CHAR

The discussion will focus on ArcelorMittal's recent investment in CHAR and their strategic partnership.

Key Points: 
  • The discussion will focus on ArcelorMittal's recent investment in CHAR and their strategic partnership.
  • On July 5th, 2023, CHAR made headlines as the first Canadian company to receive funding from ArcelorMittal’s XCarb® Innovation Fund, amounting to C$6.6M.
  • Additionally, CHAR and ArcelorMittal Dofasco announced a Memorandum of Understanding, under which ArcelorMittal Dofasco will purchase ‎biocarbon produced at CHAR’s state-of-the-art facility in Thorold, Ontario starting in 2023.
  • This exclusive discussion aims to provide investors with a comprehensive understanding of the strategic partnership and shed light on how CHAR's biocarbon will be tested and utilized to significantly reduce greenhouse gas emissions in the steelmaking process at ArcelorMittal Dofasco.

CHAR Technologies Announces C$6.6M Strategic Investment by ArcelorMittal and Annual Biocarbon Purchase Agreement

Retrieved on: 
Wednesday, July 5, 2023
Electric arc furnace, Treasury, Indian stock exchange, Partnership, TSX Venture Exchange, Dofasco, Fund for Protection of Investors' Rights in Foreign States, ArcelorMittal, GHG, Research, Strategic Innovation Fund, Carbon, Sale, Coal, Blast furnace, Natural gas, EAF, History of the iron and steel industry in the United States, Pyrolysis, The Blast Furnace, News, CHAR, Iron ore, Security (finance), Cryptocurrency

CHAR also signed a Memorandum of Understanding under which ArcelorMittal Dofasco will purchase ‎biocarbon produced at CHAR’s cutting-edge facility in Thorold, Ontario starting in 2023.

Key Points: 
  • CHAR also signed a Memorandum of Understanding under which ArcelorMittal Dofasco will purchase ‎biocarbon produced at CHAR’s cutting-edge facility in Thorold, Ontario starting in 2023.
  • ArcelorMittal’s investment in CHAR marks the Fund’s seventh global investment and first ever in a Canadian company.
  • The XCarb® Innovation Fund investment will be utilized to maximize the impact of the Canadian and Ontario governments’ December 2022 investment of C$12.8M in CHAR.
  • In the future, ArcelorMittal may, from time to time, increase or decrease its investment in CHAR through market transactions, private arrangements, treasury issuances or otherwise.

ArcelorMittal announces results of its XCarb™ Innovation Fund Accelerator Programme and invests $5 million in CHAR Technologies

Retrieved on: 
Wednesday, July 5, 2023
Carbon, HTP, Polymer, Temperature, Strategic Innovation Fund, Steel, CCU, Coal, Soil, Investment, Dofasco, Natural gas, Pyrolysis, Health, CO2, CHAR, Renewable energy, ArcelorMittal

ArcelorMittal (‘the Company’) today announces that CHAR Technologies (traded under YES:TSXV; CTRNF:OTC) has been selected as the winner of its inaugural XCarb™ Accelerator Programme, securing a $5 million investment through ArcelorMittal’s XCarb™ Innovation Fund.

Key Points: 
  • ArcelorMittal (‘the Company’) today announces that CHAR Technologies (traded under YES:TSXV; CTRNF:OTC) has been selected as the winner of its inaugural XCarb™ Accelerator Programme, securing a $5 million investment through ArcelorMittal’s XCarb™ Innovation Fund.
  • ArcelorMittal’s Canadian flat steel operation, ArcelorMittal Dofasco, has been collaborating with CHAR to test the use of its biocarbon as a partial replacement for fossil coal in its steelmaking processes, with encouraging results.
  • Commenting, Irina Gorbounova, Head of the XCarb™ Innovation Fund, said:
    “We were delighted with the response to our inaugural Accelerator Programme, receiving high quality entries from many emerging technology companies.
  • Via the fund, ArcelorMittal is also an anchor partner in the Bill Gates founded Breakthrough Energy’s Catalyst programme, committing $100 million over five years.