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High Peak Royalties Ltd acquires green hydrogen project royalty

High Peak Royalties acquires green hydrogen project royalty
As well as diversifying the existing royalty portfolio, this agreement with ScimTek Hydrogen is a key move by the company to enhance its environmental, social and governance (ESG) credentials.
The ScimTek project is anticipated to significantly reduce the cost of hydrogen production.
High Peak Royalties Ltd (ASX:HPR) has expanded its diverse royalty portfolio by entering a Memorandum of Understanding (MOU) for investment and royalty rights with ScimTek Hydrogen Ltd.
The agreement is intended to be legally binding and provides certain rights to High Peak in exchange for a purchase price of $300,000, which includes a 1% royalty on the sales of ScimTek Hydrogen products capped at $30 million. ....

High Peak , New South Wales , Andrew Carroll , Mobin Nomvar , Scimtek Hydrogen , Kinaltek Pty Ltd , Scimtek Hydrogen Ltd , Scimita Ventures Pty Ltd , Peak Royalties , Tek Hydrogen , Kinaltek Pty , உயர் உச்சம் , புதியது தெற்கு வேல்ஸ் , ஆண்ட்ரூ கரோல் , உச்சம் ஆதாய உரிமைகள் ,

Proactive Investors China - The web's leading portal for China stocks - High Peak Royalties acquires green hydrogen project royalty

2021-07-09
by Proactive Australia
High Peak Royalties Ltd (ASX:HPR) has expanded its diverse royalty portfolio by entering a Memorandum of Understanding (MOU) for investment and royalty rights with ScimTek Hydrogen Ltd.
The agreement is intended to be legally binding and provides certain rights to High Peak in exchange for a purchase price of $300,000, which includes a 1% royalty on the sales of ScimTek Hydrogen products capped at $30 million.
This is a key move by High Peak in advancing its environmental, social and governance (ESG) by purchasing a royalty in emerging green hydrogen technology.
Notably, the company s acquisition of the green hydrogen project royalty expands and diversifies the existing royalty portfolio whilst being consistent with its business strategy of acquiring royalties over quality energy projects. ....

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S&P/ASX 200 slumps 1.40% amid global concerns about new COVID-19 variant

S&P/ASX 200 slumps 1.40% amid global concerns about new COVID-19 variant
Companies
S&P/ASX 200 slumps 1.40% amid global concerns about new COVID-19 variant
The 10-year U.S. Treasury yield fell as low as 1.25% on Thursday, its lowest point since February, on growing concern about the pace of the global economic recovery.
The decline in bond yields could be signalling that the Delta variant may slow growth.
S&P/ASX 200 (INDEXASX:XJO) fell 1.40% to 7,238 points by about 12.55 pm after a rise in COVID-19 cases overnight forced Premier Gladys Berejiklian to tighten restrictions in greater Sydney.
NSW recorded another 44 cases on Friday, the highest daily increase since the latest outbreak began after yesterday’s record of 38. ....

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