Japanese Corporations Invest $14.5 Million in Gold Hydrogen for South Australian Project
Key Ideas
  • Gold Hydrogen secures $14.5 million investment from Toyota, Mitsubishi Gas Chemical, and Eneos Holdings for drilling program in South Australia.
  • The invested amount will support the company's efforts to develop underground deposits of natural hydrogen and helium economically.
  • The collaboration signals confidence in Gold Hydrogen's potential for hydrogen production and future commercialization opportunities, including green methanol.
Gold Hydrogen, an ASX-listed junior explorer, has received $14.5 million in investment from Japanese corporations Toyota, Mitsubishi Gas Chemical, and Eneos Holdings. This funding is intended to support Gold Hydrogen's upcoming drilling program in South Australia. The three companies will collectively acquire 20.7 million shares at a premium price. Gold Hydrogen is focused on developing natural hydrogen and helium deposits economically. The company, led by former Foreign Minister Alexander Downer, sees significant potential in its South Australian project for hydrogen production. The investment from major Japanese players demonstrates confidence in Gold Hydrogen's future prospects. The company believes this support will pave the way for commercialization, including in the green methanol sector. This backing is a significant milestone for Gold Hydrogen as it advances towards drilling and potential commercial opportunities, positioning itself strongly in the hydrogen energy sector.
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