Quality Industrial Restructures Al Shola Gas Debt via $2M Share Exchange

Key Facts

1Quality Industrial Corp announced an agreement to restructure Al Shola Gas purchase price obligations via a $2.0 million share exchange with Fusion Fuel.

Quality Industrial Corp announced an agreement to restructure Al Shola Gas purchase price obligations via a $2.0 million share exchange with Fusion Fuel. GlobeNewswire reported that Fusion Fuel will issue 500,000 shares to Al Shola Gas minority shareholders to satisfy a portion of the purchase price obligations held by Quality Industrial Corp.

The restructuring is designed to remove debt financing, credit facility, and bank guarantee commitments while introducing an option to acquire the remaining 49% interest. QIND closed at $0.00335 on October 20, 2026, with the stock trading between a low of $0.00335 and a high of $0.0046 during that session.