Lion Energy Limited (AU:LIO) has released an update.
Lion Energy Limited has secured $3.2 million from its partners DGA and Samsung C&T for the Port of Brisbane hydrogen project, marking a significant step in funding the development. The partners will each hold a 25% stake in the project, with Lion retaining 50%, and have committed to support debt financing for construction. This strategic partnership enables Lion Energy to focus on new ventures while ensuring the project is well-capitalized.
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