Axion to Acquire 50% Ownership in a Transformational Hydrogen Technology and Initiates Name Change
November 2, 2021 | 3 min read November 2, 2021 | 3 min readVancouver, British Columbia— Axion Ventures Inc. (TSXV: AXV) (OTC: AXNVF) (“Axion” or the “Company”) is pleased to announce that it has entered into a Definitive Agreement (the “Agreement”) dated October 27, 2021 to acquire a 50% partnership stake in H2CI KuniUmi Asia, Inc. (“Hydrogen Investee Co”), a transformational business positioned to solve one the world’s hardest problems – global decarbonization. Hydrogen Investee Co retains the exclusive perpetual commercialization rights of a proven and patented Canadian technology which refines green hydrogen economically and at scale, with commercial extraction operations commencing in the first quarter of 2022 in Quebec, Canada.