CHAR Tech Secures C$2M Private Placement with The BMI Group, Expands Renewable Energy Projects.

CHAR Technologies Ltd. (CHAR Tech) has closed a C$2M private placement with The BMI Group, issuing 10M common shares at CDN$0.20 per share. The funds will be used for general working capital needs and the completion of ongoing procurement and development activities for the CHAR Tech Thorold Renewable Energy Facility. The company plans to finalize a definitive agreement with The BMI Group before the end of the month, advancing their partnership on sustainable energy projects.

Title: CHAR Technologies Ltd. Secures C$2M Private Placement with The BMI Group

CHAR Technologies Ltd. (CHAR Tech) has successfully closed a C$2M private placement with The BMI Group, issuing 10M common shares at CDN$0.20 per share. The funds will be allocated towards general working capital needs and the completion of ongoing procurement and development activities for the CHAR Tech Thorold Renewable Energy Facility. The company aims to finalize a definitive agreement with The BMI Group before the end of the month, further advancing their partnership on sustainable energy projects.

The private placement, announced on [05/12/2025], underscores CHAR Tech's commitment to its renewable energy initiatives. The funds will be crucial in supporting the company's operational needs and accelerating the development of its renewable energy facilities.

CHAR Tech's latest move aligns with its strategy to expand its renewable energy portfolio and enhance its market position in the sustainable energy sector. The partnership with The BMI Group is expected to bring significant value to both parties, leveraging their combined expertise and resources.

The company's focus on renewable energy is timely, given the increasing global demand for sustainable and eco-friendly energy solutions. The Thorold Renewable Energy Facility is a key project for CHAR Tech, and securing the necessary funding through this private placement is a significant milestone.

As of the announcement, CHAR Tech's stock price has shown a slight increase, reflecting investor confidence in the company's strategic direction. The company's financial health and market position are expected to benefit from this strategic partnership and the successful completion of its renewable energy projects.

References:
[1] https://quantisnow.com/company/PEB