Hazer Group Secures A$10 Million to Propel Clean Energy Innovations

Hazer Group Ltd. ( (AU:HZR) ) has shared an update.

Hazer Group Ltd has successfully raised A$10 million to advance its commercialisation strategy, with A$8 million from institutional investors and A$2 million through a Share Purchase Plan for eligible shareholders. The funds will be used to scale up Hazer’s methane pyrolysis technology, develop synthetic graphite products, and secure licensing agreements, positioning the company to capitalize on the growing demand for sustainable hydrogen solutions. The capital raise strengthens Hazer’s financial position, enabling it to achieve key milestones and expand its global partnerships, thereby unlocking significant long-term value for shareholders.

More about Hazer Group Ltd.

Hazer Group Ltd is an Australian company operating in the clean energy sector, focusing on the development and commercialization of methane pyrolysis technology. This technology is used to produce clean hydrogen and high-purity graphite, addressing the need for decarbonization in hard-to-abate sectors.

Average Trading Volume: 216,659

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$82.99M

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