Oscillate Plc - Agreement with Quantum Hydrogen Inc
PR Newswire
LONDON, United Kingdom, July 12
12 July 2024
Oscillate PLC
("Oscillate" or the "Company")
Agreement with Quantum Hydrogen, Inc.
Oscillate is pleased to announce that it has entered into non-binding Heads of Terms regarding the potential acquisition of Quantum Hydrogen, Inc., a corporation established in the State of Texas, USA ("Quantum").
About Quantum:
On 24 January 2024, Quantum exercised an option giving it exploration rights over approximately 60,000 acres in the state of Minnesota, a region with a rich mining heritage, and well-endowed with infrastructure. The area includes overlying extensive banded iron formations which the Directors believe have the potential to generate hydrogen gases.
The Heads of Terms provide for a 60-calendar day due diligence period and the Company will make further announcements as necessary.
Steve Xerri, Oscillate Executive Director, commented: "We believe that Quantum could be an attractive introduction to the growing Hydrogen Energy space in a country where demand for 'Green Hydrogen' abounds. We look forward to updating investors in due course."
The Directors of the Company accept responsibility for the content of this announcement.
Enquiries:
Company
Oscillate PLC
John Treacy
ir@oscillateplc.com
https://oscillateplc.com
Corporate Adviser
Peterhouse Capital Limited
Telephone: 020 7220 979
