Brief: Pure Hydrogen Corp Says Secured Funding To Fast-Track Development Of Turquoise Hydrogen Project

Pure One

29/06/2023 02:52

June 29 (Reuters) - Pure Hydrogen Corporation Ltd
 PH2.AX :
    * SECURES FUNDING TO FAST-TRACK DEVELOPMENT OF TURQUOISE
HYDROGEN
PROJECT
    * ENTERED INTO AGREEMENT WITH TURQUOISE GROUP WHICH WILL
INVEST
AU$1.6 MILLION
    * WILL RETAIN A 40% NON-DILUTABLE STAKE IN TURQUOISE GROUP
FOR 3.5
YEARS
    * PURE HYDROGEN WILL HOLD EXCLUSIVE RIGHTS TO ACQUIRE
HYDROGEN
PRODUCED BY TURQUOISE GROUP WITHIN AUSTRALIA FOR 20 YEARS

Source text for Eikon:  ID:nASX3h9WBw 
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 ((Reuters.Briefs@thomsonreuters.com;))