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. Board Change • Jun 01
High number of new directors Independent Director Stephanie Bird was the last director to join the board, commencing their role in 2026. Tillkännagivande • Apr 21
CHAR Technologies Ltd. (TSXV:YES) completed the acquisition of Biocarbon Assets of Elkem ASA. CHAR Technologies Ltd. (TSXV:YES) entered into a binding asset purchase agreement to acquire Biocarbon Assets of Elkem ASA for $1 million on April 15, 2026. CHAR Tech intends to enter into a secured loan agreement with Bioveld Canada in the principal amount of $4.8 million (CAD 3.5 million). In connection with the Loan, CHAR Tech will issue an aggregate of 2 million common share purchase warrants to the Lender, subject to the approval of the TSX Venture Exchange. The proceeds of the Loan will be used to support satisfying Char Tech's obligations under the Purchase Agreement, ongoing expenses related to the Acquisition, to invest in plant upgrades and for general working capital purposes.
The Acquisition is subject to customary closing conditions and is expected to close within the next week.
CHAR Technologies Ltd. (TSXV:YES) completed the acquisition of Biocarbon Assets of Elkem ASA on April 20, 2026. New Risk • Mar 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Revenue is less than US$5m (CA$2.4m revenue, or US$1.7m). Market cap is less than US$100m (CA$36.9m market cap, or US$26.9m). Tillkännagivande • Mar 20
CHAR Technologies Ltd. announced that it has received CAD 4.008062 million in funding from BMI Group On March 19, 2026, CHAR Technologies Ltd. closed the transaction. The company issued 17,055,585 units at a price of CAD 0.235 per Unit for gross proceeds of CAD 4,008,062.475. Each Unit consists of one common share of the Company and one half of a non-transferable Common Share purchase warrant. Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of CAD 0.35 for a period of 24 months from the closing date of the Offering. In connection with the Offering, the Company paid aggregate cash finder's fees of CAD 186,078.87 to arm's length finders, and no finder's warrants were issued. The Offering remains subject to final approval of the TSX Venture Exchange. Reported Earnings • Mar 02
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: CA$0.008 loss per share (improved from CA$0.016 loss in 1Q 2025). Revenue: CA$604.6k (up 49% from 1Q 2025). Net loss: CA$1.02m (loss narrowed 39% from 1Q 2025). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) exceeded analyst estimates by 61%. Revenue is forecast to grow 65% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Breakeven Date Change • Jan 29
Forecast breakeven date pushed back to 2028 The analyst covering CHAR Technologies previously expected the company to break even in 2026. New forecast suggests losses will reduce by 2.1% per year to 2027. The company is expected to make a profit of CA$6.55m in 2028. Average annual earnings growth of 74% is required to achieve expected profit on schedule. Reported Earnings • Jan 29
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: CA$0.009 loss per share (improved from CA$0.074 loss in FY 2024). Revenue: CA$2.20m (down 31% from FY 2024). Net loss: CA$1.12m (loss narrowed 85% from FY 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 87%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 23
CHAR Technologies Ltd. announced that it has received CAD 1.001 million in funding On December 22, 2025, CHAR Technologies Ltd. closed the transaction. The Company will pay aggregate finder’s fees of CDN$ 60,060 in connection with subscriptions from subscribers introduced to the Offering. The Offering remains subject to final approval of the TSX Venture Exchange. The Company issued 4,550,000 units at a price of CAD 0.22 per Unit for gross proceeds of CAD 1,001,000. Each Unit consists of one common share and one non-transferable Common Share purchase warrant. Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of CAD 0.32 for a period of 24 months from the closing date of the Offering. Tillkännagivande • Dec 12
CHAR Technologies Ltd. announced that it expects to receive CAD 1 million in funding CHAR Technologies Ltd. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.20 per Unit for gross proceeds of up to CAD 1,000,000 on December 11, 2025. Each Unit will be comprised of one common share of the Company and one Share purchase warrant. Each Warrant will entitle the holder to acquire one Share for twenty-four months after the closing of the Offering at a price of CAD 0.30 per Share. The Company may pay finder’s fees in connection with the Offering, subject to compliance with the policies of the TSXV and applicable securities legislation. The closing of the Offering is expected to occur by or around the end of the week of December 16, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV. The Offering is subject to final acceptance of the TSXV. The Units under the Offering are being offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirement available under Section 2.3 of Ontario Securities Commission Rule 72-503 – Distributions Outside Canada (“OSC Rule 72-503”), and accordingly, the securities issued pursuant to OSC 72-503 will not be subject to resale restrictions. The Offering is not a Related Party Transaction as defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and therefore is not subject to TSX Venture Exchange (“TSXV”) Policy 5.9.
On December 12, 2025, the company has closed the order book and the offering has been fully subscribed with institutional investor representation. Tillkännagivande • Dec 11
CHAR Technologies Ltd. Awards $2.25 Million From Ontario to Accelerate Low-Carbon Biocarbon Pellet Commercialization CHAR Technologies Ltd. announced that the Ontario government has awarded a $2.25 million non repayable reimbursement grant through the Forest Biomass Program for 50% of eligible project costs to accelerate the Thorold Renewable Energy Facility’s commercialization of biocarbon pellets. The biocarbon pellets are a made-in-Ontario renewable reductant and fuel designed as a drop-in replacement for fossil carbon in steelmaking and other heavy industrial applications. This investment supports CHAR Tech’s work to optimize biocarbon pellet production at the Thorold Renewable Energy Facility, improving durability, density, and handling characteristics required for industrial use and long-distance transport. These advancements will help supply Ontario steelmakers and position CHAR Tech to export Ontario-made biocarbon to European markets where demand for low-carbon industrial fuels continues to increase. Expanding the commercial pellet line is already underway, and the Company expects the upgraded line to be completed in 2026 to align with the installation timelines of the second High Temperature Pyrolysis (“HTP”) kiln as part of Phase 2 facility construction. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$7.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CA$7.6m free cash flow). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Revenue is less than US$5m (CA$2.6m revenue, or US$1.9m). Market cap is less than US$100m (CA$31.0m market cap, or US$22.5m). Reported Earnings • Aug 31
Third quarter 2025 earnings: EPS in line with expectations, revenues disappoint Third quarter 2025 results: CA$0.017 loss per share (further deteriorated from CA$0.013 loss in 3Q 2024). Revenue: CA$437.8k (down 62% from 3Q 2024). Net loss: CA$2.00m (loss widened 52% from 3Q 2024). Revenue is forecast to grow 49% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Revenue is less than US$5m (CA$3.4m revenue, or US$2.4m). Market cap is less than US$100m (CA$33.5m market cap, or US$24.5m). Reported Earnings • May 30
Second quarter 2025 earnings released: CA$0.015 loss per share (vs CA$0.024 loss in 2Q 2024) Second quarter 2025 results: CA$0.015 loss per share (improved from CA$0.024 loss in 2Q 2024). Revenue: CA$727.0k (down 18% from 2Q 2024). Net loss: CA$1.55m (loss narrowed 35% from 2Q 2024). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 2.2% decline forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Tillkännagivande • May 12
CHAR Technologies Ltd. announced that it has received CAD 2 million in funding from BMI Group On May 12, 2025, CHAR Technologies Ltd closed the transaction. The offering is subject to final acceptance by the TSX Venture Exchange. Tillkännagivande • May 06
Synagro, Char Tech and the Baltimore City Department of Public Works Partner to Test Commercial-Scale Pyrolysis Pilot for PFAS Destruction Synagro Technologies, Inc., North America's leading provider of sustainable solutions for biosolids, organics and residuals, is pleased to present a commercial-scale pilot of CHAR Tech's pyrolysis process with CHAR Tech Solutions, a division of CHAR Technologies Ltd., a leading cleantech development and environmental services company, and the Baltimore City Department of Public Works (DPW). The demonstration will be held May 9, 2025, at the Synagro Back River Facility at the Baltimore City Back River Wastewater Treatment Plant as part of the Water Environment Federation's Residuals & Biosolids and Innovations in Treatment Technology Conference (RB/ITT25) being held at the Baltimore Convention CenterMay 6-9, 2025. CHAR Tech's proprietary high-temperature pyrolysis (HTP) technology processes organic material into high-value renewable energy and bioproducts, such as a solid biochar and renewable synthetic gas – syngas. CHAR Tech's HTP system indirectly heats materials in the complete absence of oxygen, and with no oxygen, the material cannot burn and, therefore, should not cause odors. Between May 2025 and December 2025, Synagro and CHAR Tech Solutions will measure, test and evaluate the effectiveness of the HTP process to destroy PFAS chemicals from biosolids. Tillkännagivande • May 02
CHAR Technologies Ltd. announced that it expects to receive CAD 2 million in funding from BMI Group CHAR Technologies Ltd. announced a non-brokered private placement to issue 10,000,000 common shares at an issue price of $0.20 per share for gross proceeds of CAD 2,000,000 on May 2, 2025. The transaction will include participation from BMI Group. All securities issued under this offering are subject to a statutory hold period ending four months and one day from the closing date of the offering. No bonuses, finders’ fees or commissions were paid in connection with the offering. The offering is subject to final acceptance by the TSX Venture Exchange. The closing of the offering is expected to occur May 9, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. New Risk • Mar 24
New major risk - Revenue and earnings growth Earnings have declined by 39% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.8m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (CA$3.3m revenue, or US$2.3m). Market cap is less than US$100m (CA$22.5m market cap, or US$15.7m). New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CA$6.8m free cash flow). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (CA$3.3m revenue, or US$2.3m). Market cap is less than US$100m (CA$21.3m market cap, or US$14.9m). Reported Earnings • Mar 02
First quarter 2025 earnings released: CA$0.016 loss per share (vs CA$0.022 loss in 1Q 2024) First quarter 2025 results: CA$0.016 loss per share (improved from CA$0.022 loss in 1Q 2024). Revenue: CA$404.8k (down 2.4% from 1Q 2024). Net loss: CA$1.67m (loss narrowed 25% from 1Q 2024). Revenue is forecast to grow 50% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 25
CHAR Technologies Ltd., Annual General Meeting, May 08, 2025 CHAR Technologies Ltd., Annual General Meeting, May 08, 2025. Tillkännagivande • Feb 03
CHAR Technologies Ltd., Annual General Meeting, Apr 03, 2025 CHAR Technologies Ltd., Annual General Meeting, Apr 03, 2025. Reported Earnings • Jan 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CA$0.074 loss per share (improved from CA$0.095 loss in FY 2023). Revenue: CA$3.16m (up 58% from FY 2023). Net loss: CA$7.52m (loss narrowed 11% from FY 2023). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 5.7%. Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. New Risk • Nov 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (CA$3.1m revenue, or US$2.2m). Market cap is less than US$100m (CA$21.3m market cap, or US$15.2m). Recent Insider Transactions • Nov 15
Director recently bought CA$156k worth of stock On the 14th of November, James Sbrolla bought around 801k shares on-market at roughly CA$0.20 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$171k more in shares than they have sold in the last 12 months. New Risk • Nov 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$3.1m revenue, or US$2.2m). Market cap is less than US$100m (CA$20.8m market cap, or US$14.9m). Tillkännagivande • Nov 02
CHAR Technologies Ltd. announced that it has received CAD 3.27189 million in funding On November 1, 2024, CHAR Technologies Ltd. closed the transaction. The company issued an aggregate of 16,359,451 units at a price of CAD 0.20 per Unit for gross proceeds of up to CAD 3,271,890. Insiders of the Company acquired an aggregate of 729,410 Units in the Offering. The Company will pay aggregate finder’s fees of CAD 155,100 and 775,500 Share purchase warrants in connection with subscriptions from subscribers introduced to the Offering by Leede Financial Inc. The Offering remains subject to final approval of the TSX Venture Exchange. Tillkännagivande • Oct 23
CHAR Technologies Ltd. announced that it expects to receive CAD 2.5 million in funding CHAR Technologies Ltd. announced a non-brokered private placement that it will issue up to 12,500,000 units at a price of CAD 0.20 per unit for the gross proceeds of up to CAD 2,500,000 on October 23, 2024. Each unit will comprise one common share of the Company and one-half share purchase warrant. Each Warrant will entitle the holder to acquire one Share for twenty-four months after the closing of the Offering at a price of CAD 0.30. The Offering is expected to be raised from existing shareholders, and current and former directors, executive officers, business associates and employees, some of whom are insiders of the Company. The securities issued under the Offering, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities. The Company may pay finder’s fees on a portion of the Offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. The closing of the Offering is expected to occur October 25, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. Breakeven Date Change • Sep 04
No longer forecast to breakeven The analyst covering CHAR Technologies no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of CA$3.45m in 2025. New forecast suggests the company will make a loss of CA$50.0k in 2026. Reported Earnings • Aug 30
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: CA$0.013 loss per share (improved from CA$0.022 loss in 3Q 2023). Revenue: CA$1.16m (up 172% from 3Q 2023). Net loss: CA$1.31m (loss narrowed 32% from 3Q 2023). Revenue missed analyst estimates by 47%. Earnings per share (EPS) exceeded analyst estimates by 50%. Revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 27% per year. Tillkännagivande • Jul 13
CHAR Technologies Ltd Announces Appointment of Anton Szpitalak as Chief Development Officer CHAR Technologies Ltd. announced that Anton Szpitalak, co-founder of Pan Asia Solar and Board of Director member of CHAR Tech, has been appointed CHAR Tech’s new Chief Development Officer. Anton is co-founder and president at Pan Asia Solar, a cleantech investment platform focused on disruptive decarbonisation technologies. Mr. Szpitalak is a member of the Board of Directors of Silfab Solar Inc. He has a wealth of experience fostering the growth of early stage cleantech businesses globally and was an early board director in renewable natural gas project developer Amp America’s, ESG employee engagement software provider Wespire and residential rooftop solar financier BrightGrid Solar Inc, among others. Mr. Szpitalak has a Bachelor of Science (2005), with a focus on Information Systems from the University of New South Wales, Australia. Reported Earnings • Jun 04
Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations Second quarter 2024 results: CA$0.024 loss per share. Revenue: CA$881.0k (up 119% from 2Q 2023). Net loss: CA$2.38m (loss widened 8.9% from 2Q 2023). Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Commercial Services industry in Canada. Tillkännagivande • May 29
CHAR Technologies Ltd. Announces the Imminent Commencement of A Production Run of 500 Tonnes of Pelletized Biocarbon CHAR Technologies Ltd. announced the imminent commencement of a production run of 500 tonnes of pelletized biocarbon. The pelletized biocarbon is destined for use at various heavy industrial facilities, including ArcelorMittal sites to fulfill a portion of the Company’s previously announced biocarbon offtake agreement. The production run is an important milestone in the ongoing commercial upgrades at CHAR Tech’s Thorold facility. Pelletization, also known as densification, is essential for creating a biocarbon that can be utilized as a drop-in replacement for fossil coal. Achieving proper pellet size and density are crucial for its use in heavy industrial applications, including steelmaking and mining, as well as for ensuring effective transportation, handling, and weather resilience. The global demand for pelletized biocarbon is substantial. CHAR Tech continues to advance its capabilities in meeting this demand with multiple production facilities under development. Tillkännagivande • Apr 16
Irina Gorbounova Joins Char Tech Board of Directors CHAR Technologies appoints ArcelorMittal's Irina Gorbounova, Vice President of M&A and Head of the XCarb®Innovation Fund, to its Board of Directors. Irina brings a wealth of experience in sustainable development within the steel industry, serving as the Vice President of M&A and Head of the XCarb®Innovation Fund at ArcelorMittal in London. Throughout her 18-year tenure at ArcelorMittal, she has demonstrated a steadfast commitment to carbon-neutral steelmaking through strategic investments in decarbonization and innovation. In addition to her role at ArcelorMittal, Irina holds board and advisory positions at forefront companies like Boston Metal, LanzaTech, H2Pro, Breakthrough Energy, Form Energy Inc. - all innovators in clean energy and decarbonization technology. Her educational background, including executive education from prestigious institutions such as Harvard Business School, IMD Business School, London Business School, and London School of Treasury, alongside CPA certification, underscores her multidimensional expertise in finance, management, and sustainability. 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. Reported Earnings • Mar 01
First quarter 2024 earnings: EPS in line with expectations, revenues disappoint First quarter 2024 results: CA$0.024 loss per share (further deteriorated from CA$0.011 loss in 1Q 2023). Revenue: CA$414.7k (down 17% from 1Q 2023). Net loss: CA$2.37m (loss widened 149% from 1Q 2023). Revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Jan 30
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: CA$0.095 loss per share (further deteriorated from CA$0.089 loss in FY 2022). Revenue: CA$2.00m (up 37% from FY 2022). Net loss: CA$8.43m (loss widened 22% from FY 2022). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jan 30
CHAR Technologies Ltd., Annual General Meeting, Apr 04, 2024 CHAR Technologies Ltd., Annual General Meeting, Apr 04, 2024. Tillkännagivande • Nov 21
CHAR Technologies Ltd. Announces Chief Financial Officer Changes CHAR Technologies Ltd. announced 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. Her strategic acumen in financial leadership, combined with in-depth knowledge of highly technical and complex engineering risk management makes her an excellent fit for CHAR Tech’s dynamic organization. Raquel’s appointment comes at a pivotal time as CHAR Tech continues to capitalize on emerging opportunities in the Canadian clean energy sector by meeting major project milestones at four build-own-operate wood waste to renewable energy facilities in development. Raquel holds an International Master of Business Administration (MBA) from IE Business School in Madrid and a Corporate Finance Masters from UCLA’s Anderson School of Business. Raquel has previously served in key financial leadership roles at the Quasar Consulting Group and Terrapex Environmental Ltd. where she was responsible for the strategic vision to deliver industrial projects across a wide range of sectors including large infrastructure construction, geothermal, oil and gas, and mining. Outgoing CFO, Mark Korol, has been an integral part of CHAR Tech's success, contributing years of dedicated service. During his tenure, Mark was instrumental in accelerating the company towards commercializing over a decade of R&D, leaving a lasting impact on overall organizational growth. Reported Earnings • Aug 31
Third quarter 2023 earnings released: CA$0.022 loss per share (vs CA$0.017 loss in 3Q 2022) Third quarter 2023 results: CA$0.022 loss per share (further deteriorated from CA$0.017 loss in 3Q 2022). Revenue: CA$427.3k (up 18% from 3Q 2022). Net loss: CA$1.93m (loss widened 35% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 81% per year, which means it is well ahead of earnings. Tillkännagivande • Jul 06
CHAR Technologies Ltd. announced that it has received CAD 6.6 million in funding from XCarb innovation fund, ArcelorMittal S.A. CHAR Technologies Ltd. announced that it has entered into subscription agreement for 11,000,000 units at a price of CAD 0.60 per unit, for aggregate cash consideration of CAD 6,600,000 on July 4, 2023. The transaction included participation from ArcelorMittal XCarb S.à r.l. and XCarb Innovation Fund, the funds managed by ArcelorMittal S.A. Each unit consist of one common share and one-quarter of one common share purchase warrant. Each warrant will entitle the holder to acquire one share for 24 months after the closing at an exercise price of CAD 0.70. All securities issued under this Offering are subject to a statutory hold period ending four months and one day from the closing date of the Offering. No bonuses, finders’ fees or commissions were paid in connection with the Offering. The Offering is subject to final acceptance by the TSX Venture Exchange. Tillkännagivande • Jun 29
CHAR Technologies Secures $1.43 Million Contribution from Natural Resources Canada for Sustainable Energy Project in Terrace, British Columbia CHAR Technologies Ltd. announced that it has been awarded a $1.43 million contribution from the Government of Canada through (NRCan) Clean Fuels Fund. The Clean Fuels Fund aims to significantly increase domestic production capacity of clean fuels to support Canada’s prosperous low-carbon future. The contribution will position CHAR to conduct a comprehensive feasibility study, that includes assessing the engineering and design work needed to build a future commercial CHAR facility. The facility will be designed to convert wood waste to renewable energy (green hydrogen or renewable natural gas) and biocarbon. Tillkännagivande • Jun 03
CHAR Technologies Ltd. Appoints Anton Szpitalak to the Board of Directors CHAR Technologies Ltd. announced the appointment of Mr. Anton Szpitalak, to the Board of Directors. Mr. Szpitalak is a member of the Board of Directors of Silfab Solar Inc. He has a wealth of experience fostering the growth of early stage cleantech businesses globally and was an early board director in renewable natural gas project developer Amp America’s, ESG employee engagement software provider Wespire and residential rooftop solar financier BrightGrid Solar Inc, among others. Mr. Szpitalak has a Bachelor of Science (2005), with a focus on Information Systems from the University of New South Wales, Australia. Reported Earnings • May 31
Second quarter 2023 earnings released: CA$0.025 loss per share (vs CA$0.022 loss in 2Q 2022) Second quarter 2023 results: CA$0.025 loss per share (further deteriorated from CA$0.022 loss in 2Q 2022). Revenue: CA$401.8k (down 13% from 2Q 2022). Net loss: CA$2.18m (loss widened 19% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 94% per year, which means it is well ahead of earnings. Recent Insider Transactions • Apr 26
Independent Chairman recently sold CA$54k worth of stock On the 17th of April, William White sold around 70k shares on-market at roughly CA$0.77 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$198k. This was William's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 30
Insider recently bought CA$56k worth of stock On the 24th of March, Robert Sinyard bought around 100k shares on-market at roughly CA$0.56 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$1.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 24
Director recently sold CA$198k worth of stock On the 21st of February, James Sbrolla sold around 325k shares on-market at roughly CA$0.61 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$1.3m more than they sold in the last 12 months. Tillkännagivande • Feb 08
CHAR Technologies Ltd. Appoints Robert Sinyard as Chief Operating Officer CHAR Technologies Ltd. announced that Robert Sinyard has been appointed Chief Operating Officer of the Company, effective February 7th, 2023. In his new role, Sinyard will oversee corporate operations and sales, and will take responsibility for spearheading profitable growth and business objectives for the Company. His unique strategic and tactical experience in the energy, materials testing and hardware sectors, coupled with his experience in both large organizations and start-ups operating in the B2B space make him an ideal candidate to lead the execution of CHAR’s go-to-market strategies, cultivate strategic partnerships, build operational infrastructure, and propel CHAR to the next level. Sinyard holds a Master of Business Administration from the Rotman School of Management at the University of Toronto. Tillkännagivande • Feb 04
CHAR Technologies Ltd., Annual General Meeting, Mar 30, 2023 CHAR Technologies Ltd., Annual General Meeting, Mar 30, 2023. Tillkännagivande • Feb 02
CHAR Technologies Ltd. Completes Phase 1 of the Thorold Renewable Natural Gas & Biocoal Project with the Initial Production of Biocoal in Thorold CHAR Technologies Ltd. announced that it has completed Phase 1 of the Thorold Renewable Natural Gas & Biocoal project with the initial production of biocoal in Thorold. CHAR’s biocoal was developed in collaboration with Canadian industry and is a carbon neutral drop-in replacement for metallurgical steel making coal that provides significant greenhouse gas (GHG) emissions reduction. Renewable natural gas (RNG) is a sustainable pipeline-quality gas, generated from wood residuals and organic wastes, that is fully interchangeable with conventional natural gas. The Thorold project is on schedule, as CHAR now focuses on Phase 2 of the Project, which will increase CHAR’s biocoal production capacity from 1,000 tonnes to 10,000 tonnes/yr. Phase 3 will complete the project with the commencement of production of 500,000 GJ/yr of RNG, enough to heat 5,500 homes. Reported Earnings • Feb 02
Full year 2022 earnings released: CA$0.089 loss per share (vs CA$0.051 loss in FY 2021) Full year 2022 results: CA$0.089 loss per share (further deteriorated from CA$0.051 loss in FY 2021). Revenue: CA$1.46m (up 5.9% from FY 2021). Net loss: CA$6.90m (loss widened 112% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Tillkännagivande • Dec 14
CHAR Technologies Ltd. announced that it expects to receive CAD 11.3 million in funding CHAR Technologies Ltd. announced a private placement of more than CAD 11.3 million on December 13, 2022. The transaction will include participation from governments of Canada and Ontario. The joint funding is being made available through the Natural Resources Canada Investments in Forest Industry Transformation program for CAD 4,938,168 and Ontario’s Forest Sector Investment and Innovation Program for CAD 6,438,168, and will be disbursed in instalments during the course of construction from early 2023 to 2025. Board Change • Nov 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Hugh Cleland was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 06
Federal Economic Development Agency for Southern Ontario Invests $1,500,000 in CHAR Technologies Thorold Phase 1 Project CHAR Technologies Ltd. announced an investment of $1,500,000 from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario, to support the Company’s Thorold Renewable Natural Gas & Biocarbon Project. This investment, in the form of an interest-free repayable contribution toward certain eligible project costs, is provided through FedDev Ontario’s Jobs and Growth Fund (JGF). The Thorold Phase 1 Project will see CHAR relocate and recommission their existing London facility to the Thorold Multimodal Hub where it will contribute to a lower carbon economy by providing direct drop-in solutions to replace the consumption of fossil fuels. Once fully operational, the project is anticipated to simultaneously produce renewable natural gas (“RNG”) and biocarbons, converted from clean woody feedstocks that would otherwise be destined for landfills. Tillkännagivande • Sep 09
CHAR Technologies Ltd. announced that it has received CAD 0.625 million in funding CHAR Technologies Ltd. announced that it has received CAD 625,000 short-term unsecured debt financing on September 8, 2022. The transaction included participation from current and former directors, executive officers, business associates and employees, insiders of the company for CAD 375,000 and existing shareholders for CAD 250,000. The debt has an interest rate of 1% monthly and a term of five-months. The company paid no commissions or fees in connection with the financing. The closing of the financing may be subject to certain conditions including, but not limited to, the receipt of any necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. Reported Earnings • Aug 26
Third quarter 2022 earnings released: CA$0.017 loss per share (vs CA$0.013 loss in 3Q 2021) Third quarter 2022 results: CA$0.017 loss per share (down from CA$0.013 loss in 3Q 2021). Revenue: CA$363.7k (down 3.3% from 3Q 2021). Net loss: CA$1.42m (loss widened 54% from 3Q 2021). Over the next year, revenue is forecast to grow 125%, compared to a 15% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jul 15
CHAR Technologies Ltd. Begins Phase 1 of Thorold Renewable Natural Gas & Biocarbon Project at Thorold Multimodal Hub CHAR Technologies Ltd. announced the start of Phase 1 of the Thorold Renewable Natural Gas & Biocarbon Project (Thorold Project) at the Thorold Multimodal Hub (Hub) with the commencement of the project lease on July 1, 2022. Supported by the Natural Gas Innovation Fund, as well as Bioindustrial Innovation Canada, Phase 1 of this project will contribute to a lower carbon intense economy by providing direct drop-in solutions to replace the consumption of fossil fuels. This is an important step in the previously announced and proposed build, own, operate proprietary high temperature pyrolysis system at the Hub. Once fully operational, the project is anticipated to simultaneously produce renewable natural gas and biocarbons, converted from clean woody feedstocks that would otherwise be destined for landfills. The Hub’s strategic location, off the Welland Canal that connects Lake Ontario and Lake Erie, provides market access for both the RNG and biocarbons to industrial end use customers by water, highway and railway. Recent Insider Transactions • Jun 18
Independent Director recently bought CA$1.6m worth of stock On the 14th of June, Eric Beutel bought around 46k shares on-market at roughly CA$35.60 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$1.7m more in shares than they have sold in the last 12 months. Tillkännagivande • Jun 02
CHAR Technologies Announces Chief Commercial Officer Changes CHAR Technologies Ltd. announces the appointment of Mr. Lewis Smith to the position of Chief Commercial Officer (CCO) effective June 1, 2022. Mr. Smith will be responsible for the growth of the Company’s High Temperature Pyrolysis (HTP) business, including development of HTP projects across North America and maximizing the value received for HTP project outputs, including renewable natural gas, green hydrogen and biocarbon. Mr. Smith has more than 25 years of experience with the clean energy and technology sectors, with recent roles that include Chief Strategy Officer & General Counsel at Modus Workflow, Chief Corporate Development Officer at GoGreen Communications Inc. and General Counsel at Emera. The Company also announced the retirement of Mr. Brian Bobbie, Chief Operations Officer (COO). Mr. Bobbie led the Company’s wholly owned subsidiary Altech Environmental Consulting (Altech) and assisted the Company in its transition from clean technology consulting activities to the development of the Company’s renewable natural gas and biochar systems utilizing its proprietary HTP systems. Reported Earnings • May 28
Second quarter 2022 earnings released: CA$0.022 loss per share (vs CA$0.007 loss in 2Q 2021) Second quarter 2022 results: CA$0.022 loss per share (down from CA$0.007 loss in 2Q 2021). Revenue: CA$461.1k (up 43% from 2Q 2021). Net loss: CA$1.83m (loss widened 262% from 2Q 2021). Over the next year, revenue is forecast to grow 79%, compared to a 15% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Hugh Cleland was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 10
CHAR Technologies Ltd. announced that it expects to receive CAD 3 million in funding CHAR Technologies Ltd. announced a non-brokered private placement of up to 6,666,667 units at a price of CAD 0.45 per unit for gross proceeds of up to CAD 3,000,000 on February 9, 2022. Each unit consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one share for 18 months after the closing at an exercise price of CAD 0.60. The majority of the transaction is expected to be raised from existing shareholders, and current and former directors, executive officers, business associates and employees, some of whom are insiders of the company. The closing of the transaction is expected to occur in late February, 2022, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The securities issued under the transaction, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities. Reported Earnings • Feb 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.051 loss per share (down from CA$0.016 loss in FY 2020). Revenue: CA$1.38m (down 22% from FY 2020). Net loss: CA$3.26m (loss widened 364% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Reported Earnings • Sep 01
Third quarter 2021 earnings released: CA$0.013 loss per share (vs CA$0.005 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CA$376.0k (up 7.1% from 3Q 2020). Net loss: CA$925.7k (loss widened 350% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 29
Second quarter 2021 earnings released: CA$0.007 loss per share (vs CA$0.007 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CA$323.4k (down 40% from 2Q 2020). Net loss: CA$505.9k (loss widened 55% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 05
Director recently bought CA$61k worth of stock On the 28th of April, Paul Pellegrini bought around 100k shares on-market at roughly CA$0.61 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$269k more in shares than they bought in the last 12 months. Recent Insider Transactions • May 01
Director recently bought CA$61k worth of stock On the 28th of April, Paul Pellegrini bought around 100k shares on-market at roughly CA$0.61 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$269k more in shares than they bought in the last 12 months. Executive Departure • Apr 02
Independent Director has left the company On the 30th of March, Lyle Clarke's tenure as Independent Director ended after 7.5 years in the role. As of December 2020, Lyle personally held 623.81k shares (CA$203k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Apr 02
Independent Director has left the company On the 30th of March, Ian Anderson's tenure as Independent Director ended after 7.5 years in the role. As of December 2020, Ian personally held 1.05m shares (CA$340k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Apr 02
Independent Director has left the company On the 30th of March, Enzo Macri's tenure as Independent Director ended after 7.1 years in the role. As of December 2020, Enzo personally held 1.16m shares (CA$378k worth at the time). A total of 3 executives have left over the last 12 months. Tillkännagivande • Feb 27
CHAR Technologies Ltd. Announces Board Changes CHAR Technologies Ltd. announced that three current members of the Board of Directors are not standing for re-election at the Meeting, they are Enzo Macri, Lyle Clarke and Ian Anderson. Reported Earnings • Feb 27
First quarter 2021 earnings released: CA$0.004 loss per share (vs CA$0.004 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: CA$320.0k (down 46% from 1Q 2020). Net loss: CA$194.5k (loss widened 22% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 09
New 90-day high: CA$0.75 The company is up 400% from its price of CA$0.15 on 09 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 27% over the same period. Tillkännagivande • Feb 06
CHAR Technologies Ltd. announced that it has received CAD 6 million in funding On February 5, 2021, CHAR Technologies Ltd. (TSXV:YES) closed the transaction. The company has issued 18,461,537 units at a price of CAD 0.325 per unit for gross proceeds of CAD 6,000,000. Tillkännagivande • Feb 02
CHAR Technologies Ltd., Annual General Meeting, Mar 30, 2021 CHAR Technologies Ltd., Annual General Meeting, Mar 30, 2021. Reported Earnings • Jan 29
Full year 2020 earnings released: CA$0.016 loss per share (vs CA$0.018 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$1.76m (up 8.5% from FY 2019). Net loss: CA$703.8k (loss narrowed 14% from FY 2019). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 29
CHAR Technologies Ltd. announced that it expects to receive CAD 6.000001 million in funding CHAR Technologies Ltd. (TSXV:YES) announced a non-brokered private placement of up to 18,461,540 units at a price of CAD 0.325 per unit for gross proceeds of up to CAD 6,000,000 on January 27, 2021. Each unit will comprise of one common share of the company and one-half share purchase warrant. Each warrant will entitle the holder to acquire one common share of the company for two years after the closing of the offering at a price of CAD 0.4. Certain insiders of the company may participate in the transaction. The closing date of the transaction is scheduled to be on or about February 4, 2021, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The company may pay a finder’s fee equal to 6% of the proceeds raised plus 6% in broker warrants up to CAD 5,000,000. The additional CAD 1,000,000 raised would not include any commissions or broker warrants as it relates to funds raised by the company from insiders, friends and family and existing shareholders.
The securities issued under the Offering, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities. Is New 90 Day High Low • Jan 27
New 90-day high: CA$0.45 The company is up 221% from its price of CA$0.14 on 28 October 2020. The Canadian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 27% over the same period. Recent Insider Transactions • Jan 10
Independent Director recently sold CA$192k worth of stock On the 5th of January, James Sbrolla sold around 600k shares on-market at roughly CA$0.32 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$348k more than they bought in the last 12 months. Is New 90 Day High Low • Jan 09
New 90-day high: CA$0.38 The company is up 245% from its price of CA$0.11 on 09 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: CA$0.31 The company is up 210% from its price of CA$0.10 on 02 September 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 34% over the same period. Recent Insider Transactions • Dec 07
Independent Director recently sold CA$167k worth of stock On the 4th of December, James Sbrolla sold around 666k shares on-market at roughly CA$0.25 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$156k more than they bought in the last 12 months. Tillkännagivande • Oct 06
CHAR Technologies Ltd. announced that it expects to receive CAD 0.5 million in funding CHAR Technologies Ltd. (TSXV:YES) announced a non-brokered private placement of minimum of 100,000 common shares and maximum of 5,000,000 common shares at a price of CAD 0.10 per share for minimum gross proceeds of CAD 10,000 and maximum gross proceeds of CAD 500,000 on October 5, 2020. Certain insiders of the Company may participate in the transaction. The transaction is subject to approval of the TSX Venture Exchange. The securities issued under the transaction, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.