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Provaris Energy Ltd ( (AU:PV1) ) has provided an announcement.
Provaris Energy has issued 29,230,769 new fully paid ordinary shares to institutional, sophisticated and professional investors at A$0.013 per share under a placement announced on 18 December 2025, and has notified the ASX that these shares were issued without a prospectus under the Corporations Act’s cleansing provisions. The company confirmed it is compliant with its continuous disclosure and reporting obligations and stated there is no excluded information required to be disclosed, a step that facilitates secondary trading of the new shares and underscores its intention to maintain regulatory transparency as it pursues its hydrogen and CO2 infrastructure strategy.
More about Provaris Energy Ltd
Provaris Energy Ltd (ASX: PV1) is an Australian public company developing integrated green hydrogen projects, with a strategic focus on supplying the European market where energy security and decarbonisation policies drive demand for new bulk storage and maritime imports. The company collaborates with European hydrogen producers and German utilities to deliver compressed hydrogen at lower regional costs, leveraging proprietary tank technology and innovative ship designs to reduce storage and transport expenses, and is also expanding into CO2 tank design for long-distance marine transport as part of the broader energy transition.
Average Trading Volume: 539,687
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$12.16M
Find detailed analytics on PV1 stock on TipRanks’ Stock Analysis page.