Saudi Arabia Said to Tee Up Multibillion-Dollar Bet on Hydrogen
(Bloomberg) — Saudi Arabia is preparing to make a multibillion-dollar bet on hydrogen and will launch a new company to produce the much hyped low-carbon fuel, according to people familiar with the matter. The kingdom’s sovereign wealth fund, chaired by de facto ruler Crown Prince Mohammed bin Salman, has created a company called Energy Solutions Co. to finance so-called green hydrogen power production, the people […]
Saudi Arabia Said to Tee Up Multibillion-Dollar Bet on Hydrogen
Saudi Arabia is preparing to make a multibillion-dollar bet on hydrogen and will launch a new company to produce the much-hyped low-carbon fuel, according to people familiar with the matter. The kingdom’s sovereign wealth fund, chaired by de facto ruler Crown Prince Mohammed bin Salman, has created a company called Energy Solutions Co. to finance so-called green hydrogen power production, the people said, asking not to […]
Millbank Announces Non-Brokered Private Placement
Vancouver, British Columbia–(Newsfile Corp. – September 27, 2024) – Millbank Mining Corp. (TSXV: MILL) (the “Company” or “Millbank“) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement“) of up to 9,090,910 (“Units“) at a price of $0.33 per Unit to raise gross proceeds of up to $3,000,000. Each Unit will consist of one common s
Millbank Closes Acquisition of Blakelock Hydrogen Project
Vancouver, British Columbia–(Newsfile Corp. – September 25, 2024) – Millbank Mining Corp. (TSXV: MILL) (the “Company” or “Millbank“) is pleased to announce it has closed the acquisition of the Blakelock hydrogen project (the “Blakelock Project“) in northern Ontario as previously announced on September 12, 2024. “Having closed the acquisition of the Blakelock Project, we are excited for
Millbank Announces Acquisition of Ontario Mining Claims
Vancouver, British Columbia–(Newsfile Corp. – September 12, 2024) – Millbank Mining Corp. (TSXV: MILL) (the “Company” or “Millbank“) announces the acquisition of the Blakelock hydrogen project (the “Blakelock Project“) in northern Ontario (the “Proposed Acquisition“). The Blakelock Project is comprised of 109 mineral claims covering an area of 2,207 hectares. “We believe that
Bill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentum
Koloma, a U.S.-based startup backed by billionaires Bill Gates and Jeff Bezos, says it wants to use expertise that has traditionally served the fossil fuel industry to power a global gold rush for buried hydrogen. Geologic hydrogen — sometimes known as white, gold or natural hydrogen — refers to hydrogen gas that is found in its natural form beneath Earth’s surface. A dramatic upswing in the number of companies actively searching for geol
US grants $750 million for hydrogen projects across 24 states
The U.S. Department of Energy said on Wednesday it is granting $750 million to projects across 24 states that are building capacity to produce and use clean hydrogen. Hydrogen is a fuel that the administration of President Joe Biden sees as crucial to reducing use of fossil fuels and cutting emissions from hard-to decarbonize industries such as aluminum and cement. It is made by electrolyzers […]