FORT STOCKTON, TEXAS, Nov. 14, 2022 (GLOBE NEWSWIRE) — MMEX Resources Corp. (OTCPK: MMEX), announced that it has retained Chatsworth Securities LLC as its financial advisor for three energy transition projects it is developing in Pecos County, Texas and for the MMEX-sponsored Trans Permian H2Hub and filed with the Department of Energy on November 7, 2022. MMEX is an energy infrastructure company developing green and blue hydrogen facilities and the first-ever clean production refinery with its sponsorship and depot for a Permian Basin Hydrogen Hub under the direction of the US Department of Energy (DOE) for funding clean hydrogen infrastructure.
Jack W. Hanks, President and Chief Executive Officer of MMEX Resources Corp., said, “Today we are proud to announce that Chatsworth Securities LLC will act as financial advisor for the development of our production facilities and premier clean energy provider in the United States. as well as their selection as financial advisor to the Trans Permian H2Hub if selected by the DOE.
Hanks continued, “As noted in our Trans Permian H2Hub announcement on November 7, 2022, we are developing a green hydrogen project using Siemens Energy’s solar-powered electrolyser technology and are developing a solar-powered blue hydrogen project on the same site to produce hydrogen from natural gas and generate 365 MW of electricity. These projects are being developed alongside our clean production refinery project.
“We are now able to add Chatsworth Securities to our team at all levels and to our potential for financing projects requiring substantial capital. With the potential for hydrogen production in the United States and critical markets for hydrogen derivatives such as green ammonia and green methanol exports to Europe and Asia, Chatsworth adds a lot of power to fire at our potential fundraising and development efforts.
Ralph DiFiore, Senior Managing Director of Chatsworth Securities LLC, said, “We are delighted to be part of the team helping MMEX, a company that we believe will be a leader in the development of hydrogen, green ammonia and green methanol and for clean production refining. US facilities Chatsworth, which was established in 1996, has more than 20 managing director-level investment bankers with significant experience in the energy industry. One of our specialties is the financing of clean energy projects. We look forward to working closely with the MMEX team in the development of these first-of-its-kind projects.
The new Trans Permian H2Hub website includes the MMEX Trans Permian H2Hub presentation, including several maps of the Permian H2Hub basin region.
About Chatsworth Securities LLC
Chatsworth Securities LLC is a Greenwich CT-based investment bank with over 25 years of experience providing a wide range of services to institutional clients. His main areas of activity are advisory, mergers and acquisitions and raising private capital for companies and alternative investment funds. Energy transition and green energy projects and the technology sector are at the heart of the firm. She has served as a financial advisor and raised capital for domestic and international transactions and has considerable experience in project finance for clean energy projects. For more information about Chatsworth Securities LLC, visit www.chatsworthgroup.com.
About MMEX Resources Corp.
MMEX Resources Corporation (MMEX), based in Fort Stockton, Texas, is a development company established to engage in energy industry infrastructure projects. Leveraging its management experience and relationships with the traditional energy sector, MMEX is currently engaged in the development of hydrogen production projects using renewable energy and clean production refining for the manufacture of fuels with very low sulfur content. MMEX is also committed to the development of solar energy for distribution to its energy transition projects. For more information about MMEX, visit www.mmexresources.com.
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained in this press release, the matters discussed in this press release are forward-looking statements. that involve risks and uncertainties, which could cause our results to differ materially from those described in the forward-looking statements. These risks include, but are not limited to, the Company’s ability to continue as a going concern, our lack of revenues, general business conditions, the need to obtain significant financing to pursue our business plan, our operating losses and other risks detailed from time to time in the Company’s SEC reports. In particular, readers should note that MMEX undertakes no obligation to update any forward-looking statements.
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