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Vancouver, British Columbia–(Newsfile Corp. – July 25, 2023) – Altima Resources Ltd. ( TSXV: ARH ) ( FSE: AKC ) (OTC Pink: ARSLF) The Company has received an update from St-Georges Eco Mining ( CSE: SX ), its technology partnership (“ H2SX “), relating to its Korean partners and the ability to proceed with the finalization of the formal agreement. The independent preliminary engineering study (the “ Engineering Study “) which is to be completed through utilization of the pilot plant currently located in South Korea is in its final stages. This Engineering Study will allow Altima and H2SX to accelerate the build-out of upgrades to Altima’s future operations. These upgraded units are being designed to compete directly with most steam methane reforming (SMR) hydrogen producers and, often at better costs. In this context, the complete absence of greenhouse gas emissions (carbon dioxide – CO2) and the environmental benefit of the process becomes an added bonus that will positively impact its operating costs and largely improve its profit margin. Given the positive progress made on the technology the parties have agreed to an extension for the completion of the formal agreement to September 30 th 2023. Acquisition of Oil […]
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