CHAR Technologies Announces C$2M Private Placement

CHAR Technologies, a leader in sustainable energy solutions, plans a non-brokered private placement to raise up to C$2 million. The offering includes up to 8,511,000 units priced at C$0.235 each, consisting of one common share and half a share purchase warrant. A whole warrant allows purchasing one share at C$0.35 within 24 months post-closing.

The BMI Group, via its joint venture, BMI Industrial, commits to 4,255,500 units, representing 50% of the offering. After completion, BMI Group will own over 10% of CHAR's issued shares, becoming an insider as per TSX Venture Exchange policies.

Proceed funds will support general capital, project development, and new initiatives. The offering awaits necessary approvals and aims to close around February 27, 2026.