Speaking of Andrew Forrest...this news article 17th of Feb 2021
Following close in the footsteps of Andrew Forrest, hitherto gold and nickel explorer Province Resources (ASX: PRL) has hitched its wagon to the latest market sensation, green hydrogen.Stocks in the company shot out of the gates on the news and were up more than 160% in the first minutes of Wednesday trading.The company, which has been toiling away at its Pascalle gold project and Gnama nickel target, has signed a conditional agreement with unlisted Ozexco to acquire seven exploration licences in Western Australia’s Gascoyne region that are considered to be prospective for salt, potash and mineral sands.Moreover, these projects are suitable for developing in tandem with a green hydrogen project, known as HyEnergy.Earlier this year, Mr Forrest announced he planned for his iron ore company Fortescue Metals Group (ASX: FMG) to become a pioneer of cheap green hydrogen, and would aim to produce 1,000 gigawatts of zero emissions energy around the world.The green hydrogen at Province’s intended project is to be produced from renewable resources, such as wind and solar.Province has also raised $1.35 million through a “highly oversubscribed” capital placement, with the directors contributing $250,000 of that.
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