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Pure Hydrogen Corporation Limited Registered Shs ( (AU:PH2) ) has shared an announcement.
Pure Hydrogen Corporation Limited has secured a $2.5 million loan facility from Gam Company Pty Limited to support its growth initiatives. This funding will provide the company with the flexibility to accelerate the rollout of its clean energy vehicle fleet and fulfill critical customer contracts, enhancing its market presence in the zero-emission transport sector. The loan, which is secured by a first-ranking security over Pure’s assets, allows for early repayment without penalty, offering operational stability while the company develops longer-term funding strategies.
More about Pure Hydrogen Corporation Limited Registered Shs
Pure Hydrogen Corporation Limited is an Australian clean technology company focused on the development of zero emissions vehicles and energy projects. The company aims to lead in supplying domestically sourced hydrogen fuel in Australia and other countries, and is expanding its line of zero emissions solutions for commercial customers. Additionally, Pure Hydrogen is involved in natural gas projects in Australia and Botswana, and prioritizes incubation for early-stage companies in the clean energy sector.
Average Trading Volume: 723,168
Technical Sentiment Signal: Sell
Current Market Cap: A$33.82M
Learn more about PH2 stock on TipRanks’ Stock Analysis page.