RE: Artem Matyushok21 May 2022 13:00
Or has he been brought in to speed things up with whatever is to be sold so that they can kick on with this? As stated in the RNS dated 30 December 2021?
Eurasia Mining Plc
Hydrogen and Ammonia Strategy
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce its strategy and progress update in relation to the hydrogen and ammonia markets. With the opening of its Japan office and the appointment of director Tamerlan Abdikeev, the Company has identified opportunities in hydrogen/ammonia production which are complementary to the PGM business in Russia. Furthermore, this new business sector has created openings for a new and parallel strategy based on this new opportunity.
Highlights:
· Agreement signed with H4Energy Joint-Stock Company ("H4Energy"), an engineering and development company specializing in hydrogen and ammonia projects (further details below), in relation to establishing a joint venture with Eurasia to develop hydrogen / ammonia projects in Kola and Sakhalin ("Projects")
· Support for the development of the Projects on the Federal level secured from the Deputy Prime Minister of Russia / Presidential Envoy to the Far Eastern Federal District
· Pre-investment feasibility study reports prepared for Eurasia and H4Energy and reviewed by independent technical experts, including financial models and sensitivity analyses
· Agreement signed with State Far East and Arctic Development Corporation (ERDC) to assist with the procurement of land and energy supplies in relation to both the Kola and Sakhalin hydrogen / ammonia projects
· Energy supply agreements with regional energy suppliers are in the process of being negotiated by Eurasia and H4Energy
· Several off-take agreements being discussed including own use of hydrogen for the Company's mining equipment for the Kola operations
· Project finance plan being developed further to ongoing discussions with Asian investors
Further information is available on Eurasia's website at: https://www.eurasiamining.co.uk/investors/presentations
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted to see tangible progress in the development of a broader Eurasia growth strategy, 'Eurasia v.2.0' in the ammonia and hydrogen markets alongside the development of our existing world class Battery Metals and PGM projects. We are confident this will create new opportunities for value creation and expand our Company's business."