Article

Provaris Energy Ltd has raised $1.325 million through a share placement to institutional and professional investors for its 2026 development program focused on hydrogen and CO2 transport technologies. The oversubscribed placement involved 132.5 million shares priced at $0.01 each, with proceeds funding the development of a proprietary hydrogen prototype tank, Class Approval program, and liquid CO2 storage systems, in collaboration with Yinson Holdings. Settlement of the placement is anticipated on 10 March 2026, enabling Provaris to advance technical workstreams and explore commercial partnerships in hydrogen export and carbon management.