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Brossard, Quebec TheNewswire – May 30, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), North America’s sole publicly traded pure-play company focused on green hydrogen production and distribution, today announces its financial and operational results for the three-month period ending March 31, 2025.

All necessary permits for the construction of the Sorel-Tracy facility have been secured, and Hydro-Québec, the provincial energy distributor, is working towards completing the interconnection, keeping the project on schedule for 2025 production.

Q1 2025 HIGHLIGHTS:

  • Negative cash flows from operating activities decreased by 7% to $620,097 in Q1 2025, down from $663,843 in Q1 2024 (activities still tightening general and administrative expenses).

  • Revenue decreased to $5,067 in Q1 2025, down from $81,637 in Q1 2024 (generated from the Wolf River acquisition on December 1, 2022). There is a temporary reduction in services at the dam following an equipment failure, which will be repaired with increased capacity.

  • The Company has closed shares for the management debt settlement of $310,000 and exercises of warrants totaling $293,270 ($10,000 in Q1 2024).

  • The Company announced the signing of a term sheet for a construction capital facility of up to US $50 million; and

Charbone’s disciplined financial management and new strategic partnerships position the company to achieve its vision of becoming a North American leader in green hydrogen and industrial gases distribution networks. These advancements underscore its commitment to being a game-changer in the energy transition.

Management is motivated to continue its efforts to advance and complete the announced project(s) with a lean administrative structure,’ said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE . ‘With the construction capital facility term sheet in place and subject to completing project development activities, CHARBONE now has a partner to deploy and deliver its current project(s) and a growth potential in the short term.


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About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America’s only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

Copyright (c) 2025 TheNewswire – All rights reserved.

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Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05), The Next Big Gold Discovery in Columbia, is pleased to announce that it will be participating in THE Mining Investment Event, Canada’s Only Tier 1 Global Mining Investment Conference©, taking place June 3-5, 2025, at the Quebec Convention Centre, Quebec City, Canada.

Quimbaya Gold Inc.’s management will be available to meet with investors throughout the three-day conference.

‘We are particularly excited about the global audience that THE Event has attracted, showcasing the best of international mining in Canada. This is a unique chance to engage with industry leaders and innovators, facilitating discussions that will shape the future of our sector. We look forward to seeing many of you there and exploring the possibilities that await us at this prestigious gathering.’

Information regarding THE Event, including investor registration details, a list of participating companies, panelists and keynote speakers, as well as a preliminary agenda, can be found at https://www.themininginvestmentevent.com/.

About Quimbaya Gold Inc.
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

THE Event is by invitation only – Interested investors & issuers, please go here:
https://www.themininginvestmentevent.com/register or contact Jennifer Choi, jchoi@irinc.ca

About: THE Mining Investment Event—Canada’s Only Tier 1 Global Mining Investment Conference© is held annually in Québec City, Canada. It is independently sponsored and designed to facilitate privately arranged meetings between mining companies, international investors, and various mining government authorities. The conference provides a platform to hear from some of the most influential thought leaders in the sector.

THE Event is committed to promoting diversity, equality, and sustainability in the mining industry through education and innovation through its unique Student Sponsorship and SHE-Co Initiatives.

For further information:

Jason Frame
Manager of Communications
1-647-576-7135
jason.frame@quimbayagold.com

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Former first lady Jill Biden should have to answer for her role in the ‘cover up’ of her husband and former President Joe Biden’s mental decline, according to White House Press Secretary Karoline Leavitt. 

Multiple books published in 2025 have detailed the deterioration of Biden’s mental faculties while in the White House, including in the book ‘Original Sin: President Biden’s Decline, Its Cover-up, and His Disastrous Choice to Run Again’ released May 20. 

‘The former first lady should certainly speak up about what she saw in regard to her husband and when she saw it and what she knew, because I think anybody looking again at the videos and photo evidence of Joe Biden with your own eyes and a little bit of common sense can see this was a clear cover up,’ Leavitt said. ‘And Joe, by, Jill Biden was certainly complicit in that cover up.’ 

‘There’s documentation, video evidence of her clearly shielding her husband away from the cameras that were just on ‘The View’ last week,’ Leavitt told reporters Thursday. ‘She was saying, ‘Everything is fine.’ She’s still lying to the American people. She still thinks the American public are so stupid that they’re going to believe her lies. And frankly, it’s insulting and she needs to answer for it.’ 

A spokesperson for Jill Biden did not immediately respond to a request for comment from Fox News Digital. 

‘Original Sin,’ authored by journalists Jake Tapper of CNN and Alex Thompson of Axios, includes stories about how former President Joe Biden struggled to handle fairly routine aspects of a campaign. 

For example, the book says his team attempted to film a campaign video for ads on television in a high school gym, and have people ask questions akin to a town hall meeting. 

‘The campaign was trying to make it look like the president was out there taking off-the-cuff questions from voters in public,’ the book said. ‘But the event was closed to reporters, and the campaign had the full list of questions that people would ask.’

Even so, former President Joe Biden encountered so much ‘trouble’ answering questions that his team decided to cut the footage. Some blamed the poor lighting in the gym, but the book said that others said the real problem remained with the former president. 

Meanwhile, Joe Biden’s team has pushed back on the material in ‘Original Sin,’ which chronicles the 2024 election cycle and how his team allegedly plotted a cover-up to hide just how severely his mental faculties had declined. 

‘There is nothing in this book that shows Joe Biden failed to do his job, as the authors have alleged, nor did they prove their allegation that there was a cover-up or conspiracy,’ a Biden spokesperson previously said in a statement to Fox News Digital. ‘Nowhere do they show that our national security was threatened or where the President wasn’t otherwise engaged in the important matters of the Presidency. In fact, Joe Biden was an effective President who led our country with empathy and skill.’

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A White House official confirmed to Fox News on Thursday that in addition to billionaire Elon Musk, multiple other staffers and special government employees from the Department of Government Efficiency (DOGE) are departing.

Musk has been heading DOGE since President Donald Trump took office in January. The department was tasked with cutting $2 trillion from the federal government’s budget through efforts to slash spending, government programs and federal workforce.

Musk announced his departure from DOGE late Wednesday.

‘As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,’ Musk said on X. ‘The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.’

Along with Musk, advisor Steve Davis, advisor and spokesperson Katie Miller, and attorney James Burnham are leaving their posts within DOGE, a White House spokesperson confirmed to Fox News.

With Musk’s departure, White House press secretary Karoline Leavitt told reporters at a briefing Thursday that Trump and members of his Cabinet will now spearhead DOGE’s efforts.

‘The DOGE leaders are each and every member of the president’s cabinet and the president himself, who is wholeheartedly committed to cutting waste, fraud and abuse from our government,’ Leavitt said.

‘The entire Cabinet understands the need to cut government waste, fraud and abuse,’ she continued. ‘And each Cabinet secretary at their respective agencies is committed to that. That’s why they were working hand in hand with Elon Musk. And they’ll continue to work with their respective DOGE employees who have onboarded as political appointees at all of these agencies. 

‘So surely the mission of DOGE will continue, and many DOGE employees are now political appointees and employees of our government.’

While DOGE was tasked with cutting $2 trillion from the budget, its efforts led to roughly $175 billion in savings due to asset sales, contract cancellations, fraud payment cuts and other ways to eliminate costs, according to an update on DOGE’s website. 

The savings translate to about $1,087 in savings per taxpayer, the website notes.

A senior White House official told Fox News Digital previously that DOGE is now part of the ‘DNA’ of the federal government, and it will continue to operate as it had under Musk.

Fox News Digital’s Andrew Mark Murray and Diana Stancy contributed to this report.

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Elon Musk may no longer be the top dog at DOGE, but his reforms at the State Department will remain permanently in place, a senior agency official told Fox News Digital Thursday. 

As Musk’s 130-day mandate as a ‘special government employee’ comes to an end, the billionaire entrepreneur announced his departure from DOGE in a post on his social media platform X, formerly Twitter, Wednesday night.

During Musk’s time as the head of DOGE, he helped usher in big reforms at the State Department, which included an effective dismantlement of the U.S. Agency for International Development (USAID), staff reductions, and the cancellation of various foreign aid programs due to lack of oversight, inefficiency, and other reasons.

The indication that Musk’s DOGE-related work at the State Department will continue was reinforced by a new reorganization effort at the Department of State announced by Secretary Marco Rubio on Thursday. The new reorganization plans are expected to cut or consolidate more than 300 of the State Department’s offices and bureaus as part of a massive overhaul aimed at streamlining the department, according to agency officials. 

The agency currently has about 700 offices, meaning the reorganization effort will slash, or join, more than 40% of its offices.

‘We have too many godd— offices,’ a senior State Department official told Fox News Digital. ‘We’re trying to shrink offices rather than create them.’

The State Department submitted a notice to Congress Thursday disclosing plans for the reorganization overhaul, which senior State Department officials said will be the largest restructuring for the agency since the Cold War.  

White House Press Secretary Karoline Leavitt added Thursday that many DOGE employees will remain part of the Trump administration, despite Musk winding down his work. 

‘Surely the mission of Doge will continue,’ Leavitt told reporters Thursday. ‘Many Doge employees are now political employees.’

One of Musk’s DOGE associates, Jeremy Lewin, has recently been tapped for a top role within the State Department. In April, he was placed at State for a different role. For his part, Lewin, however, disputes that he ever did any direct work for Musk’s DOGE.

Fox News Digital’s Diana Stancy contributed to this report.

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Elon Musk is finishing his official role in the Trump administration, but if President Trump’s latest Truth Social post is any indication, the billionaire isn’t going far.

‘I am having a Press Conference tomorrow at 1:30 P.M. EST, with Elon Musk, at the Oval Office,’ Trump posted Thursday. ‘This will be his last day, but not really, because he will, always, be with us, helping all the way. Elon is terrific!’

Musk’s government service will end May 30, the legal 130-day limit for his ‘special government employee’ designation. He was appointed in January to head the Department of Government Efficiency (DOGE), created by executive order on Inauguration Day.

‘As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,’ Musk posted on X Wednesday. ‘The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.’

White House press secretary Karoline Leavitt emphasized Thursday ‘the DOGE leaders are each and every member of the President’s Cabinet and the president himself, who is wholeheartedly committed to cutting waste, fraud and abuse from our government.’

And the cuts are adding up.

According to a May 26 update on DOGE’s website, the initiative has saved $175 billion through asset sales, contract cancellations, fraud payment crackdowns and other spending cuts. That translates to about $1,087 in savings per taxpayer.

DOGE’s reach has extended across the federal government, but not without pushback.

Democrats in Congress have sharply criticized Musk’s role. During a February House Oversight hearing, Rep. Melanie Stansbury, D-N.M., called his influence ‘reckless and illegal,’ accusing Trump of ‘outsourcing governing to a billionaire who answers to no one.’ 

Rep. Jasmine Crockett, D-Texas, warned Musk was acting as an ‘unelected official’ inside the executive branch.

Despite the criticism, markets are welcoming Musk’s return to the private sector. Bloomberg reported Tesla shares rose 4.2% this week on news of his government exit.

In an investor call earlier this month, Musk reassured shareholders, ‘Starting in June, I’ll be allocating far more time to Tesla and SpaceX now that the groundwork at DOGE is in place.’

The White House did not immediately respond to Fox News Digital’s request for comment.

Fox News Digital’s Diana Stacy and Andrew Mark Miller contributed to this report.

This post appeared first on FOX NEWS

President Donald Trump wrote a fiery, lengthy post on social media Thursday night in response to the intense legal battle surrounding his proposed tariffs.

On Thursday, the U.S. Court of Appeals for the Federal Circuit allowed Trump’s tariffs to temporarily remain in effect, just one day before the US. Court of International Trade on Wednesday ruled that Trump overstepped his authority over tariffs under the International Emergency Economic Powers Act (IEEPA).

On Truth Social, Trump wrote that the U.S. Court of International Trade ‘incredibly’ ruled against the ‘desperately needed’ tariffs, but the order was stayed by the federal court.

‘Where do these initial three Judges come from? How is it possible for them to have potentially done such damage to the United States of America?’ the Republican’s post read. ‘Is it purely a hatred of ‘TRUMP?’ What other reason could it be?’

Trump then took aim at Leonard Leo, a chairman on the Federalist Society’s board of directors. Trump said that he used the conservative legal organization to pick out judges when he was ‘new to Washington.’

‘It was suggested that I use The Federalist Society as a recommending source on Judges,’ Trump wrote. 

‘I did so, openly and freely, but then realized that they were under the thumb of a real ‘sleazebag’ named Leonard Leo, a bad person who, in his own way, probably hates America, and obviously has his own separate ambitions.’

Trump added that he was ‘so disappointed’ in the Federalist Society ‘because of the bad advice they gave me on numerous Judicial Nominations.’

‘This is something that cannot be forgotten!’ the Republican said. ‘With all of that being said, I am very proud of many of our picks, but very disappointed in others. They always must do what’s right for the Country!’

The president then rounded out his lengthy post by calling attention back to his pending tariffs, which he claimed would lead to a ‘rich, prosperous, and successful United States of America.’

‘The ruling by the U.S. Court of International Trade is so wrong, and so political!’ Trump said. ‘Hopefully, the Supreme Court will reverse this horrible, Country threatening decision, QUICKLY and DECISIVELY.’

‘The President of the United States must be allowed to protect America against those that are doing it Economic and Financial harm. Thank you for your attention to this matter!’

Fox News Digital’s Greg Wehner and Bill Mears contributed to this report.

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E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company looks to expand further into skincare.

The acquisition — E.l.f.’s biggest ever, according to FactSet — is comprised of $800 million in cash and stock, plus an additional potential $200 million payout based on Rhode’s performance over the next three years. The deal is expected to close in the second quarter of the company’s fiscal 2026 — or later this year.

“I’ve been in the consumer space 34 years, and I’ve been blown away by seeing this brand over time. In less than three years, they’ve gone from zero to $212 million in net sales, direct-to-consumer only, with only 10 products. I didn’t think that was possible,” CEO Tarang Amin told CNBC in an interview. “So that level of disruption definitely caught our attention.”

In a news release, Bieber said she’s excited to partner with E.l.f. to bring her brand to “more faces, places, and spaces.”

“From day one, my vision for rhode has been to make essential skin care and hybrid makeup you can use every day,” said Bieber. “Just three years into this journey, our partnership with e.l.f. Beauty marks an incredible opportunity to elevate and accelerate our ability to reach more of our community with even more innovative products and widen our distribution globally.”

Launched in 2022, Rhode has more than doubled its customer base over the past year and generated $212 million in revenue in the 12 months ended March 31. The company’s growth has primarily come through its website, but it plans to launch in Sephora stores throughout North America and the U.K. before the end of the year.

As part of the acquisition, Bieber will serve as Rhode’s chief creative officer and head of innovation, overseeing creative, product innovation and marketing. The brand was launched alongside two co-founders, Michael and Lauren Ratner, but it was Bieber’s influence and name that turned it into a billion-dollar brand.

Under her direction, Rhode last year became the No. 1 skincare brand in earned media value — or exposure through methods other than paid advertising — with 367% year-over-year growth.

Rhode is a solid match for E.l.f., which has seen growth skyrocket in recent years in large part to its digital prowess. The company has legions of online fans and is known for TikTok marketing that feels more natural to consumers.

The company is also looking to dig deeper into skincare, which has become more popular with all age groups, particularly E.l.f’s younger, core consumer. In 2023, it acquired skincare brand Naturium for $355 million. Its acquisition of Rhode will allow it to build on its skincare growth and reach a higher income consumer.

“E.l.f. cosmetics is about $6.50 in its core entry price point, Rhode, on average, is in the high 20s, so I’d say it does bring us a different consumer set to the company overall, but the same approach in terms of how we engage and entertain them,” said Amin.

E.l.f. made the announcement as it posted fiscal fourth quarter results, which beat Wall Street’s expectations on the top and bottom lines.

Here’s how the beauty retailer performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:

The company’s reported net income for the three-month period that ended March 31 was $28.3 million, or 49 cents per share, compared with $14.5 million, or 25 cents per share, a year earlier. Sales rose to $332.7 million, up about 4% from $321.1 million.

E.l.f.’s sales have increased rapidly in recent years, but investors have grown concerned as that growth started to slow and the threat of tariffs began weighing on its business. The company sources about 75% of its products from China, which currently faces a 30% duty on exports to the U.S. Last week, it announced plans to raise prices by $1 to offset higher costs from tariffs.

While U.S. duties on Chinese imports are 30% now, that could change as President Donald Trump negotiates with Beijing. As a result, E.l.f. said it isn’t providing a fiscal 2026 outlook “due to the wide range of potential outcomes related to tariffs.”

Amin said E.l.f. paid more than 145% in duties before Trump agreed to slash the levies on Chinese goods, but those costs didn’t come through during the quarter and will show up when the company reports its fiscal 2026 first-quarter earnings.

E.l.f. shares dropped more than 13% in extended trading Wednesday.

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Boeing’s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off the impact of tit-for-tat tariffs with some of the United States’ largest trading partners this year.

Ortberg had said last month that China had paused deliveries.

“China has now indicated … they’re going to take deliveries,” Ortberg said. The first deliveries will be next month, he told a Bernstein conference on Thursday.

Boeing, a top U.S. exporter whose output of airplanes helps soften the U.S. trade deficit, has been paying tariffs on imported components from Italy and Japan for its wide-body Dreamliner planes, which are made in South Carolina, Ortberg said, adding that much of it can be recouped when the planes are exported again.

“The only duties that we would have to cover would be the duties for a delivery, say, to a U.S. airline,” he said.

Regarding the rapidly changing trade policies that have included several pauses and some exemptions, Ortberg said, “I personally don’t think these will be … permanent in the long term.”

He reiterated that Boeing plans to ramp up production this year of its best-selling 737 Max jet, which will require Federal Aviation Administration approval.

The FAA capped output of the workhorse planes at 38 a month last year after a door plug that wasn’t secured when it left Boeing’s factory blew out midair in the first minutes of an Alaska Airlines flight.

Ortberg said the company could produce 42 Max jets a month by midyear and assess moving up to 47 a month about half a year later.

The company’s long-delayed Max 7 and Max 10 variants, the largest and smallest planes in the narrow-body family, are scheduled to be certified by the end of the year, he said.

Many airline executives have applauded Ortberg’s leadership since he took the reins at Boeing last August, tasked with stemming years of losses and ending reputational and safety crises, including the impact of two fatal Max crashes.

CEOs have long complained about delivery delays from the company that left them short of planes during a post-pandemic travel boom.

“I do think Boeing has turned the corner,” United Airlines CEO Scott Kirby told CNBC’s “Squawk Box” earlier Thursday. He said supply chain problems are limiting deliveries of new planes overall.

“We over-ordered aircraft believing the supply chain would be challenged,” he said.

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Nvidia shares jumped on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.

Shares of Nvidia were 6% higher after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.

Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking a rally among global semiconductor names.

Nvidia’s earnings helped boost other chip names, with Taiwan Semiconductor, AMD and Qualcomm all up about 1%.

In Japan, Tokyo Electron closed more than 4% higher, while SK Hynix, which is a supplier of high bandwidth memory to Nvidia, was nearly 2% up at the close of markets in South Korea.

In Europe, ASM International, BE Semiconductor Industries and ASML were all in positive territory.

The semiconductor industry has faced a number of headwinds from uncertainty around tariff policy in the U.S. and chip export restrictions to China.

Companies such as ASML, which makes machines that are critical for manufacturing the most advanced chips, have seen billions wiped off their value as a result.

Nvidia on Wednesday said it wrote off $4.5 billion of H20 chip inventory that it couldn’t ship to China because of export curbs, saying it also calculated $2.5 billion of lost revenue as well.

The restrictions on China do not seem to be going away.

The U.S. has ordered a number of companies, including those producing chemicals and design software for semiconductors, to stop shipping goods to China without a license, according to a Reuters report on Thursday.

Despite this, Nvidia still managed to post financial results for the April quarter that beat market expectations, allaying fears that demand for its graphics processing units, which have become key for training huge AI models, is dwindling.

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