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Provaris Energy Ltd (ASX:PV1)
ALERT: Price-sensitive ASX Announcement for PV1
Current share price for PV1 : $0.007 -0.001 (-12.50%)+
Announcement
Release
24 Apr 2026 4:41PM
Price at Release
$0.008
Full Release
Summary
Provaris Energy Ltd has made significant advancements in its development projects for the quarter ending March 2026. Key highlights include the progression of the LCO2 tank program with Yinson into the second stage of Front-End Engineering Design (FEED) with a delivery target of mid-2026 and strengthened partnerships for hydrogen shipping with 'K' LINE. Additionally, fabrication of a hydrogen prototype tank continues in Norway despite weather-related delays, and corporate activities such as a capital raising of $1.325 million and successful shareholder resolutions were completed. The company is also exploring strategic funding alternatives to support its hydrogen and LCO2 development programs, with a focus on licensing and commercialisation.
Key Points
- LCO2 tank program moved to FEED Stage 2 with Yinson.
- Strengthened hydrogen shipping partnership with 'K' LINE.
- Continued fabrication of hydrogen prototype tank in Norway.
- Raised $1.325 million through capital raising.
- Successful shareholder resolutions in March 2026.
- Exploring strategic funding alternatives for development programs.
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.
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