Oscillate PLC Announces Potential Acquisition of Quantum Hydrogen, Inc. in Texas
Key Ideas
- Oscillate PLC has entered into non-binding terms to potentially acquire Quantum Hydrogen, Inc., a corporation in Texas, USA.
- Quantum Hydrogen, Inc. has exploration rights over 60,000 acres in Minnesota, rich in mining heritage and banded iron formations potentially capable of generating hydrogen gases.
- The agreement allows for a 60-day due diligence period with further updates expected. Oscillate looks forward to delving into the hydrogen energy space.
- The announcement reflects a positive sentiment towards entering the hydrogen energy sector in response to the demand for 'Green Hydrogen' in the USA.
Oscillate PLC has announced a potential acquisition deal with Quantum Hydrogen, Inc., a company based in Texas, USA. Quantum Hydrogen, Inc. holds exploration rights over 60,000 acres in Minnesota, known for its rich mining history and presence of banded iron formations that are believed to have the capability to produce hydrogen gases. The agreement includes a 60-day due diligence period for Oscillate PLC to conduct further assessments. The Executive Director of Oscillate, Steve Xerri, expressed optimism about Quantum's potential in the hydrogen energy sector, particularly in the USA where there is a growing demand for 'Green Hydrogen.' The company aims to keep investors informed as developments unfold. This announcement signifies Oscillate's positive outlook on venturing into the hydrogen energy domain and aligns with the increasing interest in sustainable energy solutions worldwide.