Star Metro - CHAR Tech Completes Thorold Kiln Installation

TORONTO, ON / ACCESS Newswire / August 5, 2026 / CHAR Technologies Ltd. ("CHAR Tech" or the "Company") (TSXV:YES)(OTC PINK:CTRNF)(FSE:68K), a leader in sustainable biomass energy solutions, is pleased to provide an update on commissioning activities at its Thorold Renewable Energy Facility (the "Thorold Facility"), the Company's first commercial renewable energy and biocarbon production facility that is jointly owned 50/50 between the Company and The BMI Group ("BMI"), which specializes in the acquisition and conversion of heavy industrial infrastructure into deployment-ready, multi-sector platforms, following BMI's previously announced $8,000,000 project-level equity investment directly into the Thorold Facility.

Installation of the commercial HTP kiln is now complete, including the kiln's heat tube, a long-lead critical-path component. With mechanical installation of the kiln finished, the remaining construction step is the connection of the pyrogas piping and instrumentation. With the kiln installation complete, kiln commissioning can now commence, and following completion of the pyrogas piping and instrumentation, final commissioning will continue through to commercial operations.

The Company is targeting commercial operations at the Thorold Facility by the end of September 2026, with production and associated revenue expected to increase through the end of 2026 as the facility ramps toward its Phase 1 run-rate. Phase 1 of the Thorold Facility is designed to produce up to 5,000 tonnes per year of biocarbon, with clients including ArcelorMittal Dofasco under the previously announced offtake agreement to reduce fossil carbon in the steelmaking processes.

Following completion of Phase 1, the Company intends to proceed with Phase 2 construction, which includes installation of a second HTP kiln, addition of methanation equipment to upgrade synthetic gas into Renewable Natural Gas ("RNG"), and construction of an onsite RNG pipeline injection point.

"The team and our partners at BMI have brought the kiln through to completed installation, and we are now down to the final pyrogas piping before commissioning advances to commercial operations," said Andrew White, Chief Executive Officer of CHAR Tech. "This is the last major step on Phase 1, and it moves the Thorold Facility toward its first commercial biocarbon revenues and it sets the stage for Phase 2 to commence."

QUICK FACTS

• In December 2022, the Government of Ontario announced approved funding of $6,438,168 for the project through the Forest Sector Investment and Innovation Program, a business support program designed to improve productivity and innovation, enhance competitiveness, support new market access and strengthen regional economies.

• In December 2025, the Government of Ontario announced approved funding of $2,259,142 for the project through the Forest Biomass Program, a business support program that is a key element of Ontario's actions to drive forest sector growth.

• The Government of Canada provided $4,938,168 for the project through the Investments in Forest Industry Transformation program and also provided $1,500,000 for the project through the Federal Economic Development Agency for Southern Ontario Jobs and Growth Fund.

• The BMI Group made a $8,000,000 project-level equity investment directly into the CHAR Tech Thorold Renewable Energy Facility, resulting in 50/50 ownership of the facility between CHAR Tech and BMI.

About CHAR Technologies Ltd.

CHAR Tech (TSXV:YES)(OTC PINK:CTRNF)(FSE:68K) is a Canadian clean-technology company developing first-in-kind high-temperature pyrolysis ("HTP") systems that process unmerchantable wood and organic waste to generate two renewable energy revenue streams, renewable natural gas or green hydrogen, and a solid biocarbon that serves as a carbon-neutral, drop-in replacement for metallurgical coal.

CHAR Tech's HTP platform is also advancing a new vertical focused on the permanent destruction of PFAS in wastewater biosolids. Operating at temperatures sufficient to break down long-chain fluorinated compounds, the system enables municipalities and industrial operators to eliminate PFAS while converting biosolids into energy and low-carbon solid products.

For further information, please contact:

Website: www.chartechnologies.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this news release.

Forward-Looking Statements

Statements contained in this press release contain "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements") about CHAR and its business and operations. The words "may", "would", "will", "intend", "anticipate", "expect" and similar expressions as they relate to CHAR Tech, are intended to identify forward-looking information. Forward-looking statements include, but are not limited to, statements relating to the timing for full facility construction, securing project financing, expectations regarding the offtake agreements, future plans, operations and activities, expectations regarding the scale up of production, and other statements that are not historical facts. Such statements reflect CHAR Tech's current views and ‎intentions with respect to future events, and current information available to CHAR Tech, and are subject to ‎certain risks, uncertainties and assumptions, including, among others, those risk factors discussed or referred to in CHAR Tech's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada, including the Management Discussion & Analysis dated January 27^th, 2026 for the fiscal year ended September 30, 2025, and available under CHAR Tech's profile on www.sedarplus.ca. Any such forward-looking information is expressly qualified in its ‎entirety by this cautionary statement. Moreover, CHAR Tech does not assume responsibility for the accuracy or ‎completeness of such forward-looking information. The forward-looking information included in this press release ‎is made as of the date of this press release and CHAR Tech undertakes no obligation to publicly update or revise ‎any forward-looking information, other than as required by applicable law.

SOURCE: CHAR Technologies Ltd.

View the original press release on ACCESS Newswire

F.Leblanc--SMC