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MoU for Development of Large-Scale Green Hydrogen Project in Mauritania

Press Release - Chariot Ltd The Government of Mauritania, through the Ministry of Petroleum, Mines & Energy and Chariot (AIM: CHAR),the Africa focused transitional energy company, are pleased to announce that they have signed aMemorandum of Understanding (“MoU”) to progress a potential green hydrogen development, denominatedas “Project Nour”, of up to 10GW. Project Nour has been given exclusivity over an onshore and offshore area totallingapproximately 14,400 km2 to carry out pre-feasibility and feasibility studies with the intentionof generating electricity from solar and wind resources to be used in electrolysis to split waterto produce green hydrogen and oxygen. The traditional me

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