PGMs-linked hydrogen production on way with local electrolysers, 12J funding

“The demand for affordable and accessible hydrogen – and especially for green hydrogen – is huge and this will only escalate as more industries, including the mining sector, start substituting fossil fuels with clean burning hydrogen”.

“Financing for the development will be raised through a Section 12J share offering, a process that is being managed by Grovest Venture Capital Company. Section 12J was introduced into the Income Tax Act to provide individuals, companies and trusts with a tax incentive to invest in venture capital companies, which fund small and medium-sized enterprises that are believed to have long-term growth potential in economic sectors that are often hard-pressed for financing.”

Link: Mining Weekly

More information with regards to our 12J share offering is provided in an article under latest developments.