Triple Energy Limited (AU:HYT) has released an update.
Fortescue Future Industries Technologies Pty Ltd, a Fortescue Ltd subsidiary, is set to pour A$21.9M into HyTerra, taking a 39.8% stake, subject to shareholder approval. The strategic investment will boost HyTerra’s exploration of white hydrogen and helium in the Nemaha Project, Kansas, enabling an expanded drilling campaign and a strategic alliance to explore global opportunities. This funding marks Fortescue’s entry as HyTerra’s largest shareholder and solidifies both companies’ commitment to accelerating global decarbonization.
For further insights into AU:HYT stock, check out TipRanks’ Stock Analysis page.
