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Hazer Group Ltd. ( (AU:HZR) ) just unveiled an update.
Hazer Group Limited has achieved a significant milestone under the Australian Renewable Energy Agency Funding Agreement, allowing for a $0.5 million drawdown. This milestone marks the completion of 12 months of operations at their Commercial Demonstration Plant, which has successfully operated for over 1250 hours, validating the reliability and commercial scalability of their process. This funding, along with a recent grant, enhances Hazer’s liquidity and supports its commercialisation strategy, with further funding expected between 2025 and 2026.
More about Hazer Group Ltd.
Hazer Group is an Australian technology company focused on global decarbonisation through the commercialisation of its advanced climate-tech. The company produces clean hydrogen and high-quality graphite using natural gas or biogas as feedstock and iron-ore as a catalyst.
YTD Price Performance: 1.33%
Average Trading Volume: 169,843
Technical Sentiment Signal: Buy
Current Market Cap: A$87.6M
For detailed information about HZR stock, go to TipRanks’ Stock Analysis page.