Hazer Group has successfully raised $10.7 million through a combination of a share placement and a share purchase plan, positioning the company to advance its innovative clean hydrogen and graphite production technology.
- Completed $2.6 million Share Purchase Plan (SPP)
- Raised $8.1 million via institutional placement
- Total capital raise of $10.7 million before costs
- Funds to support commercialisation milestones
- Strategic partnership with KBR highlighted
Capital Raise Completes with Strong Shareholder Support
Hazer Group Limited (ASX – HZR), an Australian clean energy technology company, has announced the successful completion of a $2.6 million Share Purchase Plan (SPP), complementing a recent $8.1 million institutional placement. Together, these efforts have raised a total of $10.7 million before costs, providing a significant financial boost to the company’s commercial ambitions.
The SPP, which closed on 9 July 2025, was offered to eligible shareholders on the same terms as the placement, priced at $0.31 per share. Strong demand saw the company accept all valid applications, issuing over 8.4 million new shares ahead of schedule. This enthusiastic shareholder participation underscores confidence in Hazer’s disruptive technology and growth prospects.
Advancing Commercialisation of Disruptive Climate Technology
Hazer’s proprietary process produces clean hydrogen and high-quality graphite from natural gas or biogas, using iron ore as a catalyst. This technology positions the company at the forefront of global decarbonisation efforts, offering a scalable and economically competitive alternative to traditional hydrogen production methods.
CEO Glenn Corrie highlighted that the combined proceeds extend the company’s runway, enabling it to focus on key commercial milestones. With a commercially demonstrated process and growing interest from potential customers, Hazer is poised to accelerate the deployment and licensing of its technology. The company’s strategic partnership with engineering giant KBR further strengthens its commercial pathway.
Looking Ahead – Unlocking Value Amid Market Opportunities
While the announcement does not detail specific timelines or the allocation of funds, the capital raise clearly signals Hazer’s readiness to move beyond development towards broader commercialisation. Investors will be watching closely for operational updates and progress reports that demonstrate tangible advances in project execution and customer engagement.
As the clean energy sector intensifies its focus on hydrogen solutions, Hazer’s ability to deliver on its promises could position it as a key player in the transition to low-carbon energy sources. The company’s next steps will be critical in validating its technology’s market potential and scaling its impact.
Bottom Line?
Hazer’s fresh capital injection sets the stage for a pivotal phase in commercialising its clean hydrogen technology, with market eyes keenly awaiting progress.
Questions in the middle?
- How will Hazer allocate the $10.7 million to accelerate commercial milestones?
- What are the expected timelines for customer contracts and technology deployment?
- How will the partnership with KBR influence Hazer’s market expansion and operational scale?