Chariot Limited is making big moves in green hydrogen projects in Africa

Chariot Limited has made significant strides in green hydrogen development, highlighted by the completion of a feasibility study for Project Nour in Mauritania in collaboration with TEH2. The study confirmed the project's world-class scale and outlined a phased approach for both domestic and export development of green hydrogen. In Morocco, Chariot has extended partnership agreements with UM6P and Oort Energy to advance proof of concept projects, further solidifying its commitment to green hydrogen initiatives.

Relevant Statistics

• Chariot successfully raised US$19.1 million through an oversubscribed offer in June 2023.

• Cash position as of 31 December 2023 was $6.0 million.

• US$10 million was received upon the completion of the Energean deal in April 2024.

• The company has no debt and minimal work commitments, ensuring financial stability for ongoing projects.

• Chariot Limited is actively evaluating and developing potential green hydrogen projects across Africa, positioning itself as a key player in the region's transition to renewable energy.