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CHAR Technologies Announces $8 Million BMI Group Investment in Thorold Renewable Energy Facility and the Signing of the Strategic Partnership Definitive Agreements
TORONTO, July 10, 2025 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. ('CHAR Tech” or the 'Company”) (TSXV:YES), a leader in sustainable energy solutions, is thrilled to announce that CHAR Tech and The BMI Group ('BMI”), a leading industrial development company, have signed the formal agreements for the funding arrangement of CHAR Tech Thorold Renewable Energy Facility ('Funding Arrangement”). As part of the agreements, BMI has made an $8 million project-level equity investment directly into the CHAR Tech Thorold Renewable Energy Facility ('Thorold Project”), resulting in 50/50 ownership of the facility between CHAR Tech and BMI.