Dynacert Stock Price, News & Analysis

dynaCERT Inc. (OTCQX: DYFSF) has signed a Memorandum of Understanding (MOU) with Cipher Neutron Inc. and Molibdenos y Metales S.A. (Molymet) to develop advanced Hydrogen technology, specifically AEM Electrolyser systems. This collaboration aims to produce Green Hydrogen tailored for Molymet's facilities and assess their proprietary rhenium products for enhanced efficiency in hydrogen applications. dynaCERT's 5 Kilowatt AEM Electrolyser boasts a remarkable current density of 2 amps/cm², significantly outperforming traditional systems, producing 28 times more Hydrogen Gas. The planned cost for the AEM stacks is below USD 950/kilowatt, positioning dynaCERT competitively in the green hydrogen market. CEO Gurjant Randhawa emphasized the MOU allows for cross-industry collaboration in hydrogen technology. This partnership aligns with dynaCERT's ambition to lead in the hydrogen economy and contribute to sustainable clean energy solutions.

dynaCERT Inc. has successfully closed a non-brokered offering, raising $2,000,000 through the issuance of a Convertible Note and Warrants. Each Unit consists of a Convertible Note with a 10% interest rate and the option to convert into 6,666,667 common shares at $0.30 per share, alongside 666,667 common share purchase Warrants at the same exercise price. The net proceeds will support working capital. The securities are subject to a four-month hold period post-closing, expiring on August 19, 2023. This financing emphasizes dynaCERT's ongoing commitment to developing carbon emission reduction technologies, aiding its growth in the hydrogen economy.

dynaCERT and Cipher Neutron will showcase their new 5 kilowatt AEM Hydrogen Electrolyser at the Canadian Hydrogen Convention in Edmonton, Alberta, from April 25 to April 27, 2023. The electrolyser can produce 1000 liters per hour of Green Hydrogen, essential for reducing carbon emissions. This event aims to position Canada as a leader in the global hydrogen economy, focusing on innovations to achieve net-zero emissions by 2050. With over 20 years of experience in Green Hydrogen production, dynaCERT and Cipher Neutron aim to provide cost-effective solutions that do not rely on precious metals and achieve up to 82% efficiency. This technology marks a significant step towards displacing the $500 billion grey hydrogen market.