Announcement • Jul 29
CHAR Technologies Ltd. Provides Update On GazoTech’s Bio-Méthane Provence Project CHAR Technologies Ltd. provided an update on the Bio-Méthane Provence project in Gardanne, France, an industrial-scale High-Temperature Pyrolysis project being developed by GazoTech SAS under their ongoing technology collaboration with CHAR Technologies Ltd. Bio-Méthane Provence has successfully concluded the Voluntary Preliminary Public Consultation supervised by France's National Commission for Public Debate. The voluntary consultation took place over six weeks, from May 11 to June 22, 2026, and was overseen by two independent guarantors appointed by the National Commission for Public Debate. Although Bio-Méthane Provence was not legally required to undertake such a process at this stage of project development, GazoTech SAS and its local partners elected to conduct the consultation on a voluntary basis, with the objective of engaging local stakeholders early and informing the upcoming French Environmental Authorization Application process. Bio-Méthane Provence is being developed by GazoTech SAS together with its local partner la Société de production d'énergie gardannaise, the project vehicle established by the workers' association of the former Centrale de Provence power plant. The project is being deployed on land owned by GazelEnergie, a subsidiary of Energetický a prumyslový holding, at the site of a former 600 MW coal-fired power generation unit in Gardanne, Bouches-du-Rhône, France. Once in commercial operation, Bio-Méthane Provence is expected to process approximately 115,000 tonnes per annum of regional end-of-life recovered wood; produce approximately 230 GWh (828,000 GJ) per annum of renewable natural gas to be injected into the French gas grid; produce approximately 12,000 tonnes per annum of biocarbon for industrial coal replacement applications. Commercial operations are targeted for the second half of 2029, subject to obtaining all required permits and authorisations and to securing project financing. CHAR Technologies Ltd. will continue to provide updates as further Bio-Méthane Provence project milestones are reached. Reported Earnings • Jun 02
Second quarter 2026 earnings: EPS in line with expectations, revenues disappoint Second quarter 2026 results: CA$0.01 loss per share (improved from CA$0.015 loss in 2Q 2025). Revenue: CA$700.3k (down 3.7% from 2Q 2025). Net loss: CA$1.36m (loss narrowed 12% from 2Q 2025). Revenue is forecast to grow 68% p.a. on average during the next 3 years, compared to a 1.9% decline forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. 
