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Pure Hydrogen Corporation Limited (ASX:PH2)

ALERT: Price-sensitive ASX Announcement for PH2
Current share price for PH2 : $0.085 -0.005 (-5.56%)+
Announcement
Release
21 Oct 2025 9:15AM
Price at Release
$0.090
Full Release
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Summary
Pure Hydrogen Corporation Limited, an Australian clean technology company, has secured a $2.5 million loan facility from Gam Company Pty Limited to support its growth initiatives. This funding will provide additional working capital flexibility for the company to accelerate the rollout of its clean energy vehicle fleet and meet the demands of its expanding sales pipeline. The loan, which has a term of eight months and an annual interest rate of 15%, is secured by a first-ranking security over Pure’s assets and can be repaid early without penalty. The company has also issued 28 million options as part of the arrangement. This strategic funding is expected to enhance Pure Hydrogen's ability to deliver on critical customer contracts and maintain key customer relationships, thus supporting near-term operational stability while developing longer-term funding strategies. Pure Hydrogen is focused on leading in the development of Zero Emissions vehicles and energy projects, including hydrogen fuel delivery, and is concurrently engaged in natural gas projects in Australia and Botswana.
Key Points
  • Pure Hydrogen secures $2.5 million loan facility to support growth initiatives.
  • Facility is secured by first-ranking security over Pure's assets; can be repaid early with no penalty.
  • Funding flexibility to capitalize on vehicle rollout and growing sales pipeline.
  • Facility has a term of eight months with an annual interest rate of 15%.
  • Company issues 28 million options exercisable at $0.13, expiring in three years.
  • Loan is from Gam Company Pty Limited, affiliated with GBA Capital Pty Limited.
  • Pure Hydrogen focuses on Zero Emissions vehicles and energy projects.
  • Company plans to deliver hydrogen fuel as clean fuel in Australia and other countries.
  • Pure Hydrogen is developing natural gas projects in Australia and Botswana.
  • Company aims to incubate early-stage projects within the clean energy sector.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.