Botala Energy has acquired full ownership of the Serowe Coal Bed Methane Project by purchasing the remaining 30% interest from Pure Hydrogen (ASX:PH2), consolidating its assets in Botswana.

Botala will issue 14.5 million shares to Pure Hydrogen in two tranches, with a milestone payment of $750,000 contingent on gas reserve certifications.

The move enhances Botala's operational control and growth potential while renewing its partnership with Pure Hydrogen to explore hydrogen projects in Southern Africa.