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An announcement from Hazer Group Ltd. ( (AU:HZR) ) is now available.
Hazer Group Ltd. has announced a successful A$10 million capital raise to accelerate its commercialisation strategy, including an A$8 million placement to institutional investors and a A$2 million Share Purchase Plan for eligible shareholders. This strategic move aims to enhance Hazer’s position in the growing hydrogen market by expanding its global project pipeline and advancing licensing discussions. The company’s methane pyrolysis technology provides a cost-effective and environmentally friendly alternative to traditional hydrogen production methods, positioning Hazer as a key player in the low-emission hydrogen industry.
More about Hazer Group Ltd.
Hazer Group is an Australian technology company focused on global decarbonisation through the commercialisation of its innovative climate-tech. The company produces clean hydrogen and high-quality graphite using natural gas or biogas and iron-ore as a catalyst, offering an economically competitive alternative to traditional methods.
Average Trading Volume: 272,860
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$75.67M
Find detailed analytics on HZR stock on TipRanks’ Stock Analysis page.