First hydrogen pursues Quebec’s integration by joining hydrogène Quebec. First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) (“FIRST HYDROGEN” or the “Company”) proudly announces that it has joined Hydrogène Quebec as a founding member, joining Hyundai, Toyota, HTEC, Air Liquide, Messer, Cummins, Harnois Ènergies, and Groupe FILGO-SONIC. Partnering with a coalition of companies sharing the same vision will increase the Company’s footprint within the emerging Hydrogen industry in Quebec.
First Hydrogen plans to produce up to 35MW of green hydrogen using advanced electrolysis technology and distribute the hydrogen within the Montreal-Quebec City corridor for use with the Company’s hydrogen-fuel-cell-powered vehicles (FCEV) as well as supporting other hydrogen-fuelled vehicles and applications in the region.
First Hydrogen FCEVs are planned to be assembled in Shawinigan for distribution throughout North America in combination with the Company’s Hydrogen as a Service product offering. The assembly factory will be designed for an annual production of 25,000 vehicles per year when at full capacity and will represent a major boost to green technology jobs in the region.
Balraj Mann, Chairman & CEO of First Hydrogen, stated:
It is important for First Hydrogen to work in collaboration with Hydrogène Québec to educate the Quebec public and motivate stakeholders to invest in hydrogen, for the future of mobility and infrastructure, and to understand its economic opportunities.
“Moving forward First Hydrogen intends to strongly display the value of a strong presence in Québec to businesses, governments, and universities.”
Michel Archambault, Founding President and Chairman of the Board, Hydrogène Québec, stated:
We are proud to have First Hydrogen as a founding member of Hydrogène Québec.
“Striving to provide green solution with its zero-emission light commercial vehicles assembly factory and hydrogen production, First Hydrogen is a great asset in Quebec’s hydrogen ecosystem and will highly benefit from joining Quebec’s dynamic hydrogen network.”
In addition to being lined up with Hydrogène Québec’s vision, there is also strong alignment between First Hydrogen’s plans and the future Energy Transition Valley Innovation Zone, the Hydrogen Research Institute (IRH) of the University of Quebec at Trois-Rivières and the Quebec Government’s Green Hydrogen and Bioenergy Strategy.
Early Warrant Exercise Program
First Hydrogen announces that further to its news release of March 29, 2023 the Company under the Early Warrant Exercise Program will pay Canaccord Genuity Corp. (“CGC“) a cash fee of $50,568.75 and will issue CGC an Agent’s Warrant entitling them to purchase up to 45,764 common shares exercisable at $4.50 per common share until April 30, 2025, subject to TSX-V approval, as compensation for assisting the Company in exercising 1,123,750 share purchase warrants for gross proceeds $1,011,375.
About First Hydrogen Corp. (FirstHydrogen.com)
First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+ kilometres.
At the same time, the company has launched its bespoke vehicle design phase which will develop its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company is also pursuing opportunities in green hydrogen production and distribution in the UK, EU and North America.
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First Hydrogen Pursues Quebec’s Integration by Joining Hydrogène Quebec, Vancouver, British Columbia, June 14, 2023
