Hot Rocks Investments plc Invests in Oscillate plc's Hydrogen Venture

Hot Rocks Investments plc (HRIP) has announced its participation in the proposed financing of Oscillate plc's hydrogen project. Oscillate, listed on AQUIS as MUSH, has signed a conditional Acquisition Agreement to acquire Quantum Hydrogen Inc. This acquisition includes exploration rights to 60,000 acres in Minnesota, USA, an area with potential for hydrogen gas production.

The financing involves raising £500,000 through a share placing at 1p per share. Each share will come with a warrant exercisable at 2p per share for two years. The investments in Quantum Hydrogen aim to leverage the region's mining infrastructure to explore hydrogen gas generation from banded iron formations.

Gavin Burnell, Managing Director of HRIP, commented on the company's robust cash position and its strategy of diversifying into high-growth opportunities. Burnell anticipates further updates on new investments in the upcoming months.