CHAR Tech Provides Thorold Commissioning Update, Core Process Equipment Installation Advancing

Press Release

March 23, 2026, Toronto, Canada – (TSXV:YES; OTC:CTRNF; FSE:68K)

Highlights:

• Kiln chambers fully assembled and burner walls welded in place

• Introduction of biomass to the feedstock handling system target prior to month end

• Phase 1 – up to 5000 tonnes per year of biocarbon production revenue ramping up through Q2 2026

CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) today provided a further update on commissioning activities at its Thorold Renewable Energy Facility, following the Company’s January 29, 2026, announcement that staged startup had commenced at the site.

Installation of the core high temperature pyrolysis (“HTP”) system continues to advance, with the kiln chamber now fully assembled and burner walls welded in place. The thermal oxidizer has also been mounted on its mezzanine structure, along with completion of several supporting mechanical installations required for integrated system operation. These milestones represent continued progress as the project moves through commissioning and final system integration.

Commissioning activities remain focused on bringing systems online in sequence, beginning with feedstock handling and preparation equipment and progressing toward full operation of the commercial pyrolysis kiln. As major mechanical placement is completed, work is increasingly concentrated on tie-ins, controls, and operating readiness ahead of sustained production.  To that end, the introduction of biomass to the feedstock handling system is scheduled within the next 2 weeks.

Phase 1 of the Thorold Renewable Energy Facility is designed to produce up to 5,000 tonnes per year of biocarbon, with the Company targeting ramp-up to commercial production levels during the second quarter of 2026. Following completion of Phase 1 commissioning, the Company intends to proceed with Phase 2 construction, which includes installation of a second HTP kiln, addition of methanation equipment to upgrade synthetic gas into Renewable Natural Gas (“RNG”), and construction of an onsite RNG pipeline injection point.

“Our team is successfully advancing phase 1 of the Thorold Renewable Energy Facility construction as we continue with commissioning,” said Andrew White, Chief Executive Officer of CHAR Tech. “With the kiln chamber assembled and major process equipment now in place, the project is moving towards first commercial revenues with growth plans behind it. We are focused on building shareholder value and milestones like this are just the beginning steps to a long-term growth plan.”

About CHAR Technologies Ltd.

CHAR Tech (TSXV:YES; OTC:CTRNF; FSE:68K) is a Canadian clean-technology company developing first-in-kind high-temperature pyrolysis (“HTP”) systems that process unmerchantable wood and organic waste to generate two renewable energy revenue streams, renewable natural gas or green hydrogen, and a solid biocarbon that serves as a carbon-neutral, drop-in replacement for metallurgical coal.

CHAR Tech’s HTP platform is also advancing a new vertical focused on the permanent destruction of PFAS in wastewater biosolids. Operating at temperatures sufficient to break down long-chain fluorinated compounds, the system enables municipalities and industrial operators to eliminate PFAS while converting biosolids into energy and low-carbon solid products.

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