CHAR Tech Announces Extension of Term Warrants, RSU and Options Grant

TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. ("CHAR Tech" or the "Company") (TSXV:YES) a leader in sustainable energy solutions, announces that the Board of Directors has approved the amendment of up to 2,750,000 common share purchase warrants (the "Warrants"). The Warrants were part of the Unit Offering with ArcelorMittal XCARB S.à r.l‎. ("ArcelorMittal"), as previously announced July 5th, 2023, have an exercise price of $0.70, and will currently expire on July 5th, 2025. Starting on June 20th, 2025, the expiration date of the Warrants held by ArcelorMittal will be extended until July 5th, 2026. The Warrant extension is subject to final approval of the TSX Venture Exchange and the net proceeds from the exercise of the Warrants will be used for general corporate purposes.

As ArcelorMittal is considered a related party of the Company, the Warrant amendment constitutes a "related party transaction" under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. ...