CHAR Tech Nears Final Mechanical Installation at Thorold Facility

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CHAR Tech Nears Final Mechanical Installation at Thorold Facility

THINGS TO KNOW 23.09.2026

CHAR Tech Nears Final Mechanical Installation at Thorold Facility

Installation of the pyrogas piping at the Thorold Facility begins this week, the final major construction step ahead of end-to-end commissioning
Commercial ramp up and operations remain targeted through the month of October, with production and revenue increasing through year-end
Approximately 70% of North American, and 46% of European, steel and ferroalloys (including ferrosilicon) are made with Electric Arc Furnaces, CHAR Tech's key, large, market for biocarbon

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TORONTO, ON / ACCESS Newswire / September 23, 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 a further update on commissioning activities at its Thorold Renewable Energy Facility (the "Thorold Facility"), the Company's first commercial renewable energy and biocarbon production facility, jointly owned 50/50 between the Company and The BMI Group ("BMI").

Building on the completed installation of the commercial high-temperature pyrolysis ("HTP") kiln, the pyrogas treatment piping has been fabricated and installation at the Thorold Facility begins this week. This is the last remaining major mechanical construction step at the facility. With the piping in place, commissioning will run and ramp up through to commercial operations.

The Company remains on track towards the timeline set out in its August update. Commercial operations at the Thorold Facility continue to be targeted to ramp up through October, with production and associated revenue expected to increase through the end of 2026 as the facility moves toward its Phase 1 run-rate. Phase 1 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 its 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 pyrogas piping is fabricated and it goes in this week, which takes us to the end of the major construction items for Phase 1," said Andrew White, Chief Executive Officer of CHAR Tech. "From here it is commissioning through to commercial operations as we ramp up the facility through October."

QUICK FACTS

CHAR Tech has secured offtake agreements with ArcelorMittal Dofasco (steelmaking) and Elkem ASA (ferrosilicon) for biocarbon, demonstrating broad industrial demand for biocarbon.
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: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:

Andrew White
Chief Executive Officer
CHAR Technologies Ltd.
E: [email protected]
T: 866 521-3654

Galen Cranston
Director of Stakeholder Relations
CHAR Technologies Ltd.
E: [email protected]
T: 647-546-5633

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

P.M.Martin--SMC

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