CHAR Tech Closes Acquisition of Elkem's Biocarbon Assets in Saguenay, Québec, Including 62,500 tonne Offtake, Facility and IP

Highlights: Acquisition of Elkem ASA's Saguenay, Québec, biocarbon pellet production facility and all associated hard assets Execution of an offtake agreement with Elkem ASA for 62,500 tonnes of biocarbon over five years (12,500 tonnes per year) Transfer of proprietary intellectual property related to biocarbon pellet production TORONTO, ON / ACCESS Newswire / April 20, 2026 / CHAR Technologies Ltd. ("CHAR Tech" or the "Company")(TSXV:YES)(OTC:CTRNF)(FSE:68K), a leader in sustainable biomass energy solutions, today announced it has closed the asset purchase transaction, previously announced on April 16th, 2026, with Elkem ASA ("Elkem")(OSE:ELK), a global leader in advanced silicon-based materials, to acquire Elkem's Biocarbon assets (the "Acquisition").