CHAR Tech Announces RSU and Options Grant

TORONTO, Feb. 07, 2025 — 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 grant of 1,270,275 stock options to employees, consultants, directors and officers of CHAR Tech, which are exercisable into common shares of CHAR Tech at a price of $0.23 per common share and expire on February 7th, 2030. Of the grant, 525,000 options vest immediately, and the remaining 745,275 vest with time and performance milestones over the next 48 months. CHAR Tech also announces that its Board of Directors has approved the grant of 611,111 Restricted Stock Units (“RSUs”) to employees, consultants and officers of CHAR Tech that vest after one year from the date of issue. The foregoing grants are subject to the Company’s Amended and Restated Omnibus Long-Term Incentive Plan and approval of the TSX Venture Exchange.

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

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this news release.

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