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Iron Road Ltd ( (AU:IRD) ) just unveiled an announcement.
Iron Road Ltd has revised its commercial terms with Revera Energy regarding land purchase options at Cape Hardy, South Australia, for a green hydrogen project. The first option’s sunset date has been extended to December 2025, while the third option’s date has been moved forward to June 2027. This collaboration aims to support Revera Energy’s green hydrogen production, potentially serving as a feedstock for green iron products, enhancing Iron Road’s positioning in the sustainable energy sector.
More about Iron Road Ltd
Iron Road Ltd operates in the energy infrastructure industry, focusing on the development of green hydrogen projects. The company is involved in facilitating the production of green iron products, such as direct reduction grade pellets, by collaborating with energy firms to utilize green hydrogen as a feedstock.
YTD Price Performance: -45.76%
Average Trading Volume: 231,179
Technical Sentiment Signal: Sell
Current Market Cap: A$26.58M
For an in-depth examination of IRD stock, go to TipRanks’ Overview page.