Hypercharge Networks Corp. has received $1.74 million in cash proceeds from the sale of carbon credits generated through Canada's Clean Fuel Regulations (CFR) for eligible charging activity during the 2025 calendar year. This significant increase in revenue highlights the company's growing network utilization and provides capital for further expansion. The proceeds are mandated to be reinvested into eligible EV infrastructure or programs that reduce the cost of electric vehicle ownership.

The $1.74 million figure represents an increase of over 600% compared with the $236,058 in CFR proceeds recorded for the 2024 calendar year. This growth is enabled by Hypercharge's significant network expansion, which includes more than 8,400 networked charging ports. The reported CFR proceeds exclude the 2,700 charging ports recently acquired in May 2026 through the acquisition of Eddie from AXSO.

Strategic Reinvestment

In accordance with applicable CFR requirements, Hypercharge intends to deploy the received funds to further build out its charging network. The company plans to continue offering customer incentives that help reduce deployment costs and expand access to EV charging infrastructure across Canada.

Operational Growth

David Bibby, President and CEO of Hypercharge, attributed the 2025 CFR growth to the rapid expansion of network utilization. He noted that increased charging activity creates growth funding which will be reinvested to scale the business. The company views the program as a key lever to increase recurring revenue and support long-term network expansion as more sites come online and utilization grows.

Financial Comparison

Hypercharge expects this funding stream to continue increasing as it brings more ports onto its network through new partnerships and mergers and acquisitions. This includes the recent addition of 2,700 ports in Quebec via the Eddie acquisition announced in May.

Hypercharge Networks Corp. has granted 2,630,000 stock options to its directors, officers, employees, and consultants as part of its equity incentive strategy. Each option allows the holder to purchase one common share at an exercise price of $0.08 for a five-year term. The grants aim to align the interests of the company's leadership and workforce with those of shareholders.

The company also issued 1,115,464 deferred share units (DSUs) to directors. These DSUs will vest 12 months from the grant date and are issued under the company's equity incentive plan, which the board adopted on April 13, 2026. Hypercharge intends to seek shareholder approval for this plan at its next annual general meeting.

Vesting Details

The stock options have two distinct vesting schedules. A total of 2,530,000 options will vest at a rate of 25% every six months over two years. The remaining 100,000 options will vest 100% immediately upon issuance. Regarding the DSUs, 745,464 units were issued in lieu of director's fees, carrying a deemed value of $0.08 per unit.

Grant Summary

These equity grants are governed by the terms of the company's equity incentive plan and are subject to the requirements of the TSX Venture Exchange. Hypercharge Networks Corp. is a provider of smart electric vehicle charging solutions for residential, commercial, and fleet operations.