Pure Hydrogen Corporation Limited Registered Shs (AU:PH2) has released an update.
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Australian clean energy firm Pure Hydrogen Corporation Limited has decided to cancel its capital raising efforts after a revised proposal during its trading halt was deemed unfavorable for shareholders. Despite this setback, the company maintains a strong cash position, with $7.99 million on hand and potential R&D tax refunds, and is exploring private funding for its Hdrive business. Pure Hydrogen is focusing on expanding its hydrogen hub and scaling up hydrogen-powered vehicle production, with a growing sales pipeline especially in waste management.
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