Mr. Andrew White reports

CHAR TECH WELCOMES QUÉBEC'S $87 BILLION ENERGY PLAN BACKING BIOMASS TO RENEWABLE ENERGY

Char Technologies Ltd. has welcomed the government of Quebec's tabling on June 30, 2026, of its Plan de gestion integree des ressources energetiques (PGIRE) 2026 to 2050, known in English as the Integrated Energy Resources Management Plan.

The PGIRE is Quebec's proposed 2050 road map to increase the province's consumption of renewable energy backed by an estimated $87-billion in investments over 25 years for bioenergy, electricity, hydrogen and carbon capture named as investment areas.

The PGIRE forest bioenergy sector includes renewable natural gas (RNG) and biocarbon produced from forestry residuals and is recommending capacity growth and investment to the sector. The PGIRE states RNG is currently the only renewable gas that can scale into Quebec's existing pipeline network, since hydrogen remains technically constrained, and separately names solid bioenergy, such as biocarbon, as central to decarbonizing heavy industries, where coal has been hard to replace.

Char Tech produces two forms of forest bioenergy, RNG and biocarbon, both made from forestry residuals, and the company's Quebec growth strategy align directly with the PGIRE's targets for the sector. The company is developing a modular network of Quebec HTP facilities that will convert regional forestry residuals into RNG and biochar on site, with biochar sent to its Saguenay facility for pelletizing into biocarbon under a secured offtake agreement for 62,500 tonnes over five years (12,500 tonnes per year) with ferrosilicon producer Elkem ASA.

The company's modular network of Quebec facilities is projected to produce a combined output of at least 750,000 gigajoules per year of RNG and at least 15,000 tonnes per year of biocarbon.

"We're really supportive of the PGIRE and look forward to seeing it pass into reality. The plan aligns with exactly what we're building in Quebec, anchored by our recently acquired facility in Saguenay, with more investment on the horizon," said Andrew White, chief executive officer of Char Tech.

About Char Technologies Ltd.

Char Tech 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.

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