TORONTO, Dec. 31, 2025 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to provide a year-end corporate update highlighting progress across its development portfolio and key priorities as the Company enters 2026. In December 2025, the Company also listed on the Frankfurt Stock Exchange (ticker 68K).
2025 was a year focused on building and advancing CHAR Tech’s first commercial-scale projects including:
- The Thorold Renewable Energy Facility, which is scheduled to enter commissioning in January 2026. This phase of the Thorold Project (Phase 1) will bring 5,000 tonnes per year of biocarbon production online;
- Completion of the biosolids PFAS destruction demonstration project in Baltimore, with performance data currently being compiled and analyzed;
- Continued advancement of the Lake Nipigon project toward a targeted construction start in 2026
- Expansion of the Company’s strategic partnership with The BMI Group to include initial feasibility work for the Espanola clean-energy initiative;
Frankfurt Stock Exchange Listing
The listing on the Frankfurt Stock Exchange under ticker symbol 68K provides CHAR Tech with access to European retail and institutional investors and is expected to improve trading visibility and accessibility for investors in key European markets, as the Company advances commercial discussions on the continent.
Thorold Renewable Energy Facility – Commissioning beginning January 2026
Phase 1 Construction at CHAR Tech’s Thorold Renewable Energy Facility, which enables commercial biocarbon production, has made significant progress in 2025. Major equipment has been delivered, with mechanical and electrical installation activities nearing completion. Commissioning is scheduled in January 2026 and will proceed in a phased and controlled manner, with a focus on safety and operating stability. The Company remains aligned with its planned 2026 production objectives. Additionally, the Company continues to progress Phase 2 (the renewable natural gas phase) of the Thorold Project, with major works schedule in 2026.
PFAS Destruction Demonstration Project in Baltimore – Fieldwork Complete, Data Under Review
CHAR Tech’s biosolids PFAS destruction demonstration project in Baltimore reached a key milestone in 2025 with the completion of the six-month operational program. The Company is working with project partners and third-party reviewers to compile and analyze performance data generated during the demonstration. The results are expected to validate CHAR Tech’s High Temperature Pyrolysis (“HTP”) technology as a key PFAS destruction technology, which will support the advancement of future full commercial-scale PFAS destruction deployments.
Lake Nipigon Project – Targeting Construction Start in 2026
Development of the Lake Nipigon project progressed throughout 2025, including engineering, feedstock, and commercial workstreams with project partners. The project is targeting a construction date in 2026, subject to completion of remaining development activities, permitting, commercial agreements, and financing. In anticipation of moving the Lake Nipigon Project into operations quickly, the Company’s project and feedstock supply partner, Lake Nipigon Forest Management Inc, has been collecting and storing biomass at the site for the project.
Strategic Partnership with The BMI Group – Investments Completed and Collaboration Expanding to Espanola
During 2025, CHAR Tech further strengthened its strategic partnership with The BMI Group. BMI completed its $2M equity investment in CHAR Tech and invested approximately $8M toward the Thorold project.
With Thorold approaching commissioning, the partners are now progressing elements of the Espanola clean-energy transition initiative associated with BMI’s acquisition of the former pulp and paper mill site. Current planning work includes assessment of site infrastructure, project concepts, feasibility study and potential sequencing of development phases.
Chief Executive Officer’s comment
“As we close the year, CHAR Tech is completing its transition to commercial operations and entering its next phase as an operating company,” said Andrew White, CEO of CHAR Tech. “Thorold is scheduled to enter its commissioning phase, our PFAS project is expected to deliver the data required to support commercial application, and our partnerships are translating into tangible projects. In 2026, we plan to continue to build on the significant progress and developments we’ve made in 2025, with projects moving to commercial production.”
About CHAR Tech
CHAR Tech (TSXV:YES) first-in-kind high temperature pyrolysis (HTP) technology processes unmerchantable wood and organic wastes to simultaneously generate two renewable energy revenue streams, renewable natural gas (RNG) or green hydrogen and a solid biocarbon that is a carbon neutral drop-in replacement for metallurgical steel making coal.
CHAR’s HTP is an ideal waste to energy solution that aligns with the global green energy transition by diverting waste from landfills and generating sustainable clean energy to decarbonize heavy industry.
Website: www.chartechnologies.com
For further information, please contact:
| Andrew White Chief Executive Officer CHAR Technologies Ltd. E: andrew.white@chartechnologies.com T: 866 521-3654 | Galen Cranston Director of Stakeholder Relations CHAR Technologies Ltd. E: gcranston@chartechnologies.com T: 647-546-5633 |
Website: www.chartechnologies.com
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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, 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’s current views and intentions with respect to future events, and current information available to CHAR, and are subject to certain risks, uncertainties and assumptions, including, among others, those risk factors discussed or referred to in CHAR’s disclosure documents filed with the securities regulatory authorities in certain provinces of Canada, including the Management Discussion & Analysis dated January 28th, 2025 for the fiscal year ended September 30, 2024, and available under CHAR’s profile on www.sedar.com. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, CHAR 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 undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.
