Provaris Energy has been actively advancing its efforts in Norway to develop hydrogen supply chains into Europe and promote its proprietary hydrogen carrier. Recent progress includes finalizing a Term Sheet with Uniper and Norwegian Hydrogen for a 10-year offtake of over 40,000 tonnes per annum of hydrogen, demonstrating a significant milestone in establishing reliable and low-cost hydrogen supply. The completion of this agreement is imminent, with a slight delay expected due to the European winter holiday period. Additionally, Provaris is on track to complete the sale of the Fiska Facility by January 1, 2025, enabling the company to secure a lease agreement for production space and purchase robotic laser welding equipment to restart its Prototype Tank fabrication and testing program. This move signifies a step forward in enhancing Provaris' manufacturing capabilities. The collaboration between Provaris, Uniper, and Norwegian Hydrogen is focused on achieving optimal shipping, compression, and import terminal solutions in North-West Europe to create flexible and efficient transport networks. This partnership aims to deliver cost-effective, low-emission supply chains from production to end-user markets. Moreover, Provaris is also advancing negotiations for an asset purchase agreement to acquire essential equipment for Prototype Tank construction, which will not only strengthen its manufacturing capabilities but also provide potential licensing opportunities in Europe and Asia. The company's focus on R&D efforts for hydrogen and liquid CO2 tanks demonstrates its commitment to innovation and sustainable solutions in the energy sector. Provaris anticipates providing further updates on the progress of its Prototype Tank program in early 2025, signaling continued momentum in its efforts to revolutionize hydrogen supply chains and manufacturing processes.