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.
Why Is Shade So Hard to Come By in Phoenix, One of America's Hottest Cities? phoenixnewtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phoenixnewtimes.com Daily Mail and Mail on Sunday newspapers.
Marblehead's Grace Arthur savors the experience of being a NCAA Division 1 national lacrosse champion wickedlocal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wickedlocal.com Daily Mail and Mail on Sunday newspapers.
New Move for Jeffers - Ipswich Town News twtd.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from twtd.co.uk Daily Mail and Mail on Sunday newspapers.
34 Of The Best Reactions Texans Had To Being Told Not To Use ACs During A Heatwave boredpanda.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boredpanda.com Daily Mail and Mail on Sunday newspapers.