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Q2 2026 Results & Corporate Update August 31, 2026 TSXV: CH OTCQB: CHHYF FSE: K47
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3 Disclaimer This Corporate Presentation (“Presentation”) has been prepared by CHARBONE Corporation (“CHARBONE”) with market information provided by various third-party sources which we believe are reliable and is being furnished solely for the purpose of considering a transaction involving CHARBONE. This Presentation contains descriptive materials, financial projections and other data compiled for the convenience of parties interested in contemplating a transaction involving CHARBONE. This Presentation is being delivered by CHARBONE to you with the understanding that you will conduct your own independent investigation of those matters which you deem appropriate without reliance upon CHARBONE or any materials set out in this Presentation. This Presentation includes certain forward-looking statements, including estimates, forecasts and projections regarding future performance. Such forward-looking statements, estimates, forecasts and projections: • reflect various assumptions concerning future industry performance, general business, economic and regulatory conditions, market conditions for CHARBONE’s products and other matters, which assumptions may or may not prove to be correct, • are inherently subject to significant contingencies and uncertainties, many of which are outside the control of CHARBONE, • should not be regarded as a representation by CHARBONE that such estimates, forecasts or projections will be achieved. Actual results can be expected to vary, and those variations may be material. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements. You will be entitled to rely solely on the representations and warranties made to you by CHARBONE in a definitive written agreement relating to any transaction involving CHARBONE, when and if executed, and subject to any limitations and restrictions as may be specified in such definitive agreement. No other representations and warranties will have any legal effect. Certain statements in this Presentation are forward-looking statements which may include, but are not limited to, statements with respect to: the future financial or operating performance of CHARBONE; the market conditions, business strategy, corporate plans, objectives and goals; the use of capital, the availability of additional capital, the requirements for additional capital and the timing of such requirements; government regulation of developmental and environmental risks; title disputes or claims; the value of the currencies in which CHARBONE incur or will or plan to incur expenditures, including the Canadian dollar and the United States dollar; limitations of insurance coverage; and the timing and possible outcome of regulatory matters. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “projects”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of CHARBONE to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Although CHARBONE has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking statements may be affected by risks and uncertainties in the business of CHARBONE. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR+ at www.sedarplus.ca. Although CHARBONE believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this Presentation are expressly qualified by this cautionary statement. The forward- looking statements contained herein are made as of the date of this Presentation and CHARBONE disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by applicable securities laws. In furnishing this Presentation, CHARBONE does not undertake any obligation to provide you with access to any additional information. This Presentation shall not be deemed an indication of the state of affairs of CHARBONE nor shall it constitute an indication that there has been no change in the business or affairs of CHARBONE since the date hereof. This Presentation does not constitute an offer to accept any proposal but is merely a solicitation of interest with respect to a transaction involving CHARBONE. CHARBONE reserves the right to request the return of this Presentation at any time. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. 2 TSXV: CH | OTCQB: CHHYF
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3 CHARBONE is a vertically integrated industrial gases company INDUSTRIAL GASES FOR ALL APPLICATIONS CHARBONE’S INDUSTRIAL GASES PLATFORM O2 Oxygen N2 Nitrogen H2 Hydrogen CO2 Carbon Dioxide He Helium N2O Nitrous Oxide Ar Argon C2H2 Acetylene CO Carbon Monoxide + all other gases 2026 Future TSXV: CH | OTCQB: CHHYF Clean UHP Hydrogen Production Plants H2 HydrogenPROJECT PIPELINE Sorel-Tracy, Canada Michigan, USA Wisconsin, USA Malaysia, Asia-Pacific 12+ Other Plants Regional Supply Hubs STORAGE DISTRIBUTION Focused on serving industrial hydrogen users across North America and Asia-Pacific END MARKETS Semiconductor Fabs AI & Data Centers Advanced Pharma & Biotech Aerospace & Defense Precision Labs Independent Industrial Merchants
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CHARBONE Snapshot Unmatched purity Supplying Ultra-High-Purity (UHP) gases meeting the most stringent industry requirements across all molecules Clean & Sustainable Cleanest available local renewable energy sources for production and distribution of clean UHP H₂ Community-Driven Growth Human-scale, transparent and locally rooted — building regional networks that drive positive economic impact within communities Integrated Supply Network Decentralized supply hubs for storage and distribution of industrial gases close to customers Our Mission Become the leading decentralized, vertically integrated UHP industrial gases company in North America and Asia-Pacific — producing, storing, and distributing critical high-purity gases to the industries of the future. Risk Mitigation De-risk projects by scaling with a demand-centric, modular and fast-track approach High-Growth End Markets Serving semiconductors, AI & data centers, advanced pharma, and aerospace & defense — sectors where UHP gases are mission-critical Powering semiconductors, AI, pharma, and aerospace with reliable, locally produced UHP industrial gases. 4 TSXV: CH | OTCQB: CHHYF
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5 CHARBONE Second Quarter 2026 Results & Activities Q2 RESULTS Q2 HIGHLIGHTS & RECENT ACTIVITIES TSXV: CH | OTCQB: CHHYF Gas Income Q2 vs Q1 2026 +155% C$0.5M in Q2 2026 vs. C$0.2M in Q1 2026 Gas Income YTD +100% C$0.6M in H1 2026 vs. nil in H1 2025 PP&E Assets +C$3.5M increase in PP&E since December 31, 2025 ✓ Recurring revenues grew throughout Q2 2026, with new customer additions across hydrogen, helium and oxygen ✓ C$3M first tranche drawn on new C$10M convertible loan facility to fund Phase 1B and platform expansion ✓ PP&E assets up C$3.5M since December 31, 2025, reflecting continued platform investment ✓ Name changed to Charbone Corporation (from Charbone Hydrogen Corporation); Registered address relocated to Varennes, Quebec ✓ Helium fleet expanded from 1 to 5 units; 22 new Quebec customers added; Commitments secured through 2028 (July 2026) ✓ Phase 1B advancing at Sorel-Tracy; Electrolyzer on site and distribution equipment deployed ahead of demand growth; Fall 2026 commissioning on track
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6 Industrial Gases Industry A Critical Backbone of the Modern Economy GLOBAL ULTRA-HIGH PURITY (UHP) GAS MARKET • Market Size: Projected growth from US$37.5B in 2025 to US$52.8B by 2030 (CAGR of 7.1%) 1 • Demand Drivers: Semiconductors, AI & data centers, advanced pharma, aerospace & defense 1,2 • Supply dominated by a handful of global giants — creating a structural gap for regional, modular, decentralized players like CHARBONE CHARBONE's core production molecule • Fastest-growing segment globally 3 • Less than 1% of supply currently low-emissions 3 H₂ CLEAN UHP HYDROGEN Strategic, high-margin, supply-constrained • Strategic raw material, classified by the EU, Canada and U.S. as critical for national and economic security 4,5 • No viable substitutes in key applications 6 He HELIUM Recurring revenue foundation • UHP semiconductor gas market: $7.4B in 2025, growing to $14.2B by 2034 at 7.5% CAGR 1 O₂ N₂ AR + ALL OTHER GASES TSXV: CH | OTCQB: CHHYF 1 MarketsandMarkets - High Purity Gas Market Report 2025 2 McKinsey & Company - Industrial Gases: Growth Engines in a Changing Energy System 3 IEA Global Hydrogen Review 2025 4 European Commission Critical Raw Materials Act 2023 5 Natural Resources Canada Critical Minerals List 2024 6 U.S. Geological Survey Mineral Commodity Summaries 2025
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7 Industrial Gases Industry Hydrogen & Helium: High-Growth, High-Margin, Undersupplied • Global hydrogen demand reached nearly 100 million tonnes in 2024, less than 1% from low-emissions sources 1 • Fossil-based supply dominance creates a massive structural opportunity for clean UHP producers 1 • Capital investment in low-emissions hydrogen nearly doubled in 2024 to $4.3B, projected to nearly double again in 2025 to ~$8B 1 • Low-emissions hydrogen production set to reach 4.2 Mtpa by 2030, a fivefold increase vs. 2024 1 Drivers: semiconductor fabs, AI data centers, carbon-price pressure, industrial decarbonization mandates H₂ CLEAN UHP HYDROGEN • Classified by the EU, Canada and the U.S. as a strategic critical material with no viable substitutes in semiconductor manufacturing, MRI, aerospace, and fiber optics 2,3,4 • Global helium market projected to grow from USD $3.3B in 2025 to USD $5.5B by 2034 5 • Semiconductors account for 24% of global helium consumption in 2025, projected to rise to 30% by 2030 3 • Supply highly geographically concentrated — chronic shortage risk creates pricing power for reliable regional distributors 3 He HELIUM Directly aligned with CHARBONE's target end markets: semiconductors, AI, advanced pharma, aerospace & defense TSXV: CH | OTCQB: CHHYF 1 IEA Global Hydrogen Review 2025 2 European Commission Critical Raw Materials Act 2023 3 U.S. Geological Survey Mineral Commodity Summaries: Helium 2025 4 Natural Resources Canada Critical Minerals List 2024 5 Grand View Research - Helium Market Report 2025–2034 H2 Hydrogen He Helium
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Industrial Gases Industry Not all hydrogen is created equal Production Method 1 Primary Energy Source 1 Carbon Emissions 1,2 Gas Price Volatility 3 Supports Decarbonization? Long-Term Outlook STEAM METHANE REFORMER (SMR) CARBON CAPTURE (CCS) ELECTROL YSIS (CHARBONE’S CLEAN� ULTRA-HIGH PURITY HYDROGEN) Fossil-based (SMR) Natural gas High (~10 kg CO₂/kg) ✓ High /xmark No Declining SMR + CCS Natural gas + CCS Medium to Low ✓ High /triangle-exclamation Partially Transitional Electrolysis (powered by low-carbon or renewable energy) Cleanest baseload renewable electricity Very Low to Zero /xmark Zero ✓ Yes Strong growth in demand REQUIRED FOR: 3,5 • Semiconductor fabs • AI & data centers • Precision labs • Pharmaceutical & biotech • Aerospace applications • Advanced defense technologies WHY PURITY MATTERS? 4 • Damages fuel cells • Reduces efficiency • Ruins semiconductor wafers • Contaminates chemical/pharma production TSXV: CH | OTCQB: CHHYF Ultra High Purity (UHP) Hydrogen 2,4 99.999%+ 1 IEA Global Hydrogen Review 2025 2 European Commission Critical Raw Materials Act 2023 3 U.S. Geological Survey Mineral Commodity Summaries: Helium 2025 4 Natural Resources Canada Critical Minerals List 2024 5 Grand View Research - Helium Market Report 2025–2034 8
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Industrial Gases Industry Competitive Landscape TSXV: CH | OTCQB: CHHYF CENTRALIZED MEGA PLANTS FOR INDUSTRIAL GASES DECENTRALIZED, LOCAL, MODULAR PLANTS 9 CHARBONE has no known advanced-stage competition in the modular, decentralized clean UHP hydrogen production market CHARBONE's modular, decentralized approach directly solves the cost, purity, logistics, and emissions problems created by traditional mega-plant hydrogen suppliers — unlocking regional clean hydrogen markets that the majors cannot efficiently serve.
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Industrial Gases Industry Why the Market Is Ripe for a Disruptive Modular Approach TSXV: CH | OTCQB: CHHYF Production Scale 1, 3 CAPEX 1,4,6 Distance to Customer 3 Transportation Requirements 2,6 Ability to Serve Small & Mid-Sized Customers 3 Supply Reliability 1 Best-Fit Markets 1,3,5,6 Overall Market Outlook 1,3 MEGA HYDROGEN PLANTS (CENTRALIZED MODEL) MODULAR LOCAL / DECENTRALIZED PRODUCTION (CHARBONE MODEL) Very Large (3 - 7+ years to deploy; permitting, construction, infrastructure) $$$$ Very high (hundreds of millions to billions) Often hundreds of miles away from end-users - Heavy reliance on long-haul trucking requiring conversion from gas to liquid resulting in additional CAPEX - Loss from conversion and transportation process Low priority for global majors Vulnerable to logistics disruptions and long lead times Refining, ammonia, heavy industrial Mature, slow-growth, increasingly regulated Small to mid-scale modular units that scale with demand (6 - 12 months; fast and flexible deployment) $ Low (deployable in phases at a fraction of the cost) Local to Hyper-local (near the point of use) - No need to convert gas into liquid hydrogen format for transportation - No product loss - Minimal transportation cost (Reduced carbon footprint) Strong – optimized for underserved markets Highly reliable; local redundancy and rapid delivery Semiconductors, AI & data centers, advanced pharma, aerospace & defense, precision labs, backup power High-growth, scalable, aligned with future energy systems 10 1 IEA Global Hydrogen Review 2025 2 U.S. DOE - Hydrogen Delivery Technical Targets 3 McKinsey - Industrial Gases: Growth Engines in a Changing Energy System & Global Energy Perspective 2025 4 BloombergNEF - Hydrogen Economy Outlook 2025 5 SEMI International Standards 6 CHARBONE corporate disclosures
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Sorel Tracy Project Ultra High Purity (UHP) Hydrogen Production Sorel-Tracy Montreal Toronto New York Vermont New Hampshire Vermont New Hampshire Boston Quebec CityAtlantic Prov. Location: Sorel-Tracy, Quebec, Canada Modular Approach: Up to 5 Phases; Scale-up as market and demand grow Emissions Reduction: Plans to reduce greenhouse gas emissions by 10 kilograms for each kilogram of hydrogen produced Govt Approval: Quebec Government granted environmental approval initially on up to 5.0 MW Power: Use of renewable “baseload power” from Hydro-Quebec (grid 100% renewable in Quebec) Land: A 26-year land lease agreement (with an extension of 10 years) signed in 2021 for the subject site spanning approximately 400,000 sq. ft. OVERVIEW STRONG INFRASTRUCTURE • Near Montreal (50 min.) • Highways: Directly on Highway 30 “The Steel Highway” with access to 401 and Interstate 87, 89, 91, 93 • 3 steel mills within 50 miles • Railway (3 tracks) • Port of Sorel-Tracy, Montreal and Contrecoeur • Power: Connected to 25kV renewable energy; 230kV line on property; 735kV next to property with future sub-station TSXV: CH | OTCQB: CHHYF 11
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5,000 sq. ft building Initially deploying: • 2 electrolyzers with a capacity of 2.25 MW • Compressors • Storage Status: Commercially producing PHASE 1-2 Sorel Tracy Project Ultra High Purity (UHP) Hydrogen Production PHASE 1-2 2.25 MW scaled up to 4.75 MW TSXV: CH | OTCQB: CHHYF 12
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PROJECT EXPANSION PHASE 3-5 Sorel Tracy Project Ultra High Purity (UHP) Hydrogen Production PROJECT EXPANSION PHASE 3-5 4.75 MW scaled up to 25.65 MW 30,000 sq. ft building TSXV: CH | OTCQB: CHHYF 13
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Disclaimer: Projected Financial Performance reflects Phases 1 and 2 only. Phases 3-5 are excluded in accordance with section 4A.8 of the General Instruction relating to Regulation 51-102 issued by the Canadian Securities Administrators, which limits forward-looking financial projections to phases with sufficient near-term certainty to support disclosure. TSXV: CH | OTCQB: CHHYF Sorel Tracy Project Ultra High Purity (UHP) Hydrogen Production PROJECTED FINANCIAL PERFORMANCE (PHASES 1-2) Strong network of offtake customers Added Value: The Clean Hydrogen ITC could provide a tax credit of up to 40% of the total equipment cost to the Company Project Financials Capacity (MW) H2 Prod. (TPY) Sales/Year (C$M) Phase 1 2.25 328 $5.1 Phase 2 4.75 694 $11.0 14 HyChem by CURRENT STATUS ✓ Q4 2025: Phase 1A successfully launched ✓ Q4 2025: Continuous commercial production and initial sales ✓ Q1 2026: Multiple US and Canadian sales /arrow-right Next Step: Scale-up Phase 1B /arrow-right Future Growth: Scale-up Phases 3-5 in line with demand
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Canada United States Quebec Ontario Minnesota Wisconsin Michigan New York PennsylvaniaIowa Illinois Indiana Ohio Hydrogen Production Portfolio Expansion Michigan H2 Phase 1 1 Ton/day Wisconsin H2 Phase 1 200 kg/day Strategically Located: • Proximity to growing semiconductor and advanced manufacturing facilities in the Great Lakes corridor that use hydrogen today and are under pressure to cut emissions in their production processes • Strong, local, industrial markets: Chicago, Cleveland, and Toledo markets H2 Output: Similar commissioning plan as Charbone’s Sorel- Tracy Plant with planned production from Phase 1 of 1 ton/day Power: 1 Ton/day DETROIT, MICHIGAN, USA Strategically Located: Proximity to high-tech and pharmaceutical companies H2 Output: 200 kg/day project (0.5MW) like Phase 1A at the Sorel-Tracy Plant Renewable Power – Owned by Charbone: Leveraging Charbone’s Wolf River hydro dam assets for a more profitable H2 production project Land: 157,687.2 sq ft owned by Charbone WISCONSIN, USA TSXV: CH | OTCQB: CHHYF Sorel-Tracy Project 15
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Canada United States Quebec Ontario Minnesota Wisconsin Michigan New York PennsylvaniaIowa Illinois Indiana Ohio Hydrogen Production Portfolio Expansion Focus: Clean UHP hydrogen production targeting semiconductor, electronics and advanced manufacturing industries across Southeast Asia Partner: Green Hydrogen ASIAPAC SDN BHD Model: Asset-light equity participation with active operational role Strategically Located : Malaysia is a top-10 global semiconductor manufacturing hub Southeast Asia's industrial gas demand is growing rapidly, driven by foreign direct investment in chip fabs, data centers and advanced manufacturing Achievements: ✓ Advisory engagement launched and initial revenues received (Q4 2025) ✓ Executive mission completed — CEO Dave Gagnon & SVP Patrick Cuddihy (Q1 2026) ✓ Aligned intent confirmed with government & all partners (Q1 2026) ✓ CHARBONE equity participation in Green Hydrogen ASIAPAC — intent confirmed (April 2026) MALAYSIA, ASIA-PACIFIC TSXV: CH | OTCQB: CHHYF Malaysia Indonesia 16
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Regional Supply Hubs TSXV: CH | OTCQB: CHHYF • Vertically integrated platform delivering clean UHP hydrogen and critical industrial gases through a decentralized network of regional supply hubs • Developing hubs in Ontario, Quebec, Nova Scotia and New York — targeting 6–8 regional hubs across North America • Asset-light, partnership-driven model • Hydrogen and helium tube trailers deployed, supporting commercial deliveries across Ontario, Quebec and New York State • Multi-year supply agreements established with a subsidiary of one of the world's largest chemical and industrial conglomerates • Recurring revenue stream • Develop long-term contracts with industrial and commercial gas users 17 For storage and distribution supporting CHARBONE hydrogen production and other industrial gas sales
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Corporate Milestones TSXV: CH | OTCQB: CHHYF Storage and Distribution of Industrial Gases Sorel-Tracy (Quebec, Canada) Detroit (Michigan, United States) Wisconsin (United States) Malaysia (Asia-Pacific) Q4 2025 CLEAN UHP HYDROGEN PRODUCTION PLANTS REGIONAL SUPPL Y HUBS H1 2026 ✓ Phase 1A launched ✓ Initial H2 revenues ✓ Continuous commercial production ✓ Advisory engagement launched ✓ Initial advisory revenues ✓ Hydrogen tube trailer deployed ✓ Helium tube trailer deployed ✓ Multi-year supply agreements established ✓ Initial UHP Hydrogen order (Q1) ✓ Initial UHP Oxygen order (Q1) ✓ Initial UHP Helium order (Q1) ✓ Multiple deliveries confirmed – US and CA (Q1) /arrow-right Develop hubs in Ontario, Quebec, Nova Scotia, New York /arrow-right Site selection /arrow-right Site permitting / development ✓ Multiple US and Canadian sales (Q1) /arrow-right Scale-Up Phase 1B ✓ Leveraging existing owned land with hydro dams for future H2 production (April) ✓ Executive mission completed; Aligned intent confirmed with government and all partners (Q1) ✓ CHARBONE equity participation and operational role in Green Hydrogen ASIAPAC - intent confirmed (April 2026) H2 2026 Q4 2025 H1 2026 H2 2026 /arrow-right Scale-Up Phase 1 /arrow-right Launch Phase 1B /arrow-right Scale-Up Phase 2 /arrow-right Confirm equity participation /arrow-right Project development & expansion /arrow-right Site permitting / development /arrow-right Additional hub locations across N.A. (Targeting 6-8 hubs) 18
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TSXV: CH | OTCQB: CHHYF 19 Market Cap @ C$0.15 $43.5M Share Metrics & Team SHARES OUTSTANDING 289,893,228 WARRANTS 43,380,377 (avg price of C$0.09) OPTIONS 7,550,000 FULL Y DILUTED 381,922,605 CONVERTIBLE DEBT 41,099,000 Share Structure* FOUNDERS & PARTNERS PUBLIC & OTHER 61% 39% Dave B. GAGNON Chairman & CEO Director Benoit VEILLEUX CFO Daniel CHARETTE COO Patrick CUDDIHY Industrial Gases David ATKINSON Project Manager Stephane SÉJOURNÉ Natural Hydrogen André HALLEY Director Denis CREVIER Director François VITEZ Director Frederic LECOQ Director Jean WATELLE Hydrogen production Jean-Claude GONNEAU Director Gregory FOUREL Director Management and Directors TSXV: CH OTCQB: CHHYF FSE: K47 *As of August 27, 2026 As of August 27, 2026
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TSXV: CH | OTCQB: CHHYF 20 Takeaways Stable and reliable baseload, connected to the network reduces overall electricity costs Low cost clean and/or renewable energy sources – Lowest-emission Regional Supply Hubs for local storage and distribution support Charbone clean UHP hydrogen production and industrial gas sales Industrial gases sold to strong network of offtake customers and through distribution agreements Diversified revenue streams through clean UHP hydrogen production and a growing network of regional supply hubs for other industrial gases Network of decentralized, modular and scalable clean UHP production plants close to end users reduces OPEX and transportation costs Opportunities to invest in a vertically integrated UHP industrial gases platform at this stage of growth are rare Unmatched Purity. /location-dot
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CHARBONE CORPORATION /location-dot 1645, Lionel-Boulet Blvd, suite 304, Varennes, QC, Canada, J3X 1P7 Dave Gagnon, Chief Executive Officer Benoit Veilleux, Chief Financial Officer Daniel Charette, Chief Operating Officer /globe www.charbone.com /envelope ir@charbone.com /phone +1-450-678-7171 Contact Us Clean UHP Hydrogen Production • Regional Industrial Gas Supply TSXV: CH | OTCQB: CHHYF