A few options mentioned in the release going forward. Be interesting what happens and hopefully does not drag out too long. The interesting part of the announcement I found was this:
"Provaris is developing a detailed proposal to the Lenders to acquire the Fiskå Facility and related plant and equipment based on a long-term operational plan for the construction of smaller scale hydrogen tanks (1 to 10 tonne capacity). These tanks would be based on Provaris’ Prototype Tank, for marketing and sale to industrial hydrogen users initially in Norway and the European Union.The acqusition proposal would involve a strategic partner(s), for both financial and operational support, aligning with Provaris’ vision for cost and energy efficent hydrogen storage and bulk marine transport using its H2Neo carrier".
In saying all this, hopefully the prototype tank can be finished sooner rather than later, but also the ability to construct the storage tanks for near term cashflow. Norwegian Hydrogen announced last week they produced their first green hydrogen molecules at their demonstration site and are now clearly preparing for ramp up at other projects...Be interesting to hear what comes out of the PV1 share placement too... The company has hit a bump in the road, but if management are on their game, they will ride through this and we will see how much genuine interest there is out there for Provaris IP.
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