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Company News
HyTerra Confirms Hydrogen and Helium in New McCoy 1 Nemaha Well
The Andrew “Twiggy” Forrest-backed HyTerra (ASX: HYT) has confirmed promising levels of hydrogen and helium in the McCoy 1 exploration well at the Nemaha project in Kansas. Fortescue’s (ASX: FMG) $21.9 million investment in HyTerra to support its industrial gas hunt in Kansas looks to be paying off, with mud gas samples from McCoy 1 […]
HyTerra confirms strong hydrogen concentrations in drilling at Sue Duroche 3 well
HyTerra (ASX: HYT) has come out of a trading halt to report the perfect start to its hunt for “white” hydrogen in Kansas. The first ASX-listed explorer dedicated to the search for natural hydrogen, HyTerra has encountered significant hydrogen concentrations in the Sue Duroche 3 well at its Nemaha project. Funded through a $21.9 million […]
HyTerra completes $21.9m cornerstone investment by Fortescue Future Industries Technologies
HyTerra (ASX: HYT) will be fully funded for initial exploration at its Nemaha hydrogen-helium project in the US following the completion of a $21.9 million cornerstone investment by Fortescue’s (ASX: FMG) Future Industries Technologies division. Fortescue has been issued 644 million HyTerra shares priced at $0.034 each and 322 million free-attaching options exercisable at $0.051, […]
Top End Energy enters Kansas hydrogen hunt with Serpentine project acquisition
Australian junior Top End Energy (ASX: TEE) is set to join the international hunt for high-value “white” hydrogen in the US state of Kansas. The company has entered into a binding conditional share purchase agreement to acquire private Australian company Serpentine Energy and its 100%-owned and operated natural hydrogen project. Best known for its oil […]
Mitsubishi Heavy Industries joins US white hydrogen race with Koloma investment
Leading international industrial group Mitsubishi Heavy Industries (MHI) is the latest to join the rush to develop “white” hydrogen in the US. Like Australian junior HyTerra (ASX: HYT), mining giant Andrew Forrest, billionaire Bill Gates and a number of prominent US oil and gas companies, Mitsubishi has taken up a position in one of the […]
HyTerra targets strong year-end as Fortescue backs white hydrogen push in Kansas
HyTerra (ASX: HYT) is preparing for a strong finish to 2024 in its hunt for high-value white hydrogen in the US. Releasing its latest quarterly report, the Australian junior highlighted the strong platform it has built to accelerate drilling at its large Kansas hydrogen exploration position. The key to the future timeline for exploration at […]
HyTerra’s white hydrogen ambitions grow as Kansas drilling program triples in scope
Australia’s HyTerra (ASX: HYT) is making strong progress in its preparations for a highly anticipated drilling campaign at its growing “white” hydrogen project in the US. With Australian mining powerhouse Andrew Forrest proposing to invest $21.9 million in HyTerra’s Kansas exploration plans, the energy company is now looking to triple the number of wells it […]
Weekly wrap: gold shines amid growth fears
Gold shone brightly as fears of weaker than expected growth sent the share market down on Friday. Following on from a weaker lead from the US market and some higher-than-expected US consumer inflation data for September, the Australian share market meekly followed and lost ground. The ASX 200 Index fell 0.1% or 8.5 points, to […]
HyTerra adds 13,000 acres to Nemaha project in hunt for white hydrogen
HyTerra (ASX: HYT) has expanded its hunt for “white” hydrogen with the addition of approximately 13,000 more acres to its Nemaha project in Kansas. The first local listed company to focus on the search for highly valuable natural hydrogen in the US, HyTerra now holds approximately 52,000 acres following the successful application for these new […]
Weekly wrap: miners push towards new record but banks hold back
It was a close-run thing but the Australian market missed out on setting a new record on Friday thanks mainly to a rare downward pull from the big banks. At one stage the ASX 200 traded at 8143.6 points – just 5 points away from the record high set in August – but the drag […]
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