Hazer Raises AU$2.5 Million in Private Placement

Funds are slated to go towards the development of its commercial demonstration plant located south of Perth.

Hazer Group (ASX:HZR), a cleantech company that converts feedstock and natural gas into low-emission hydrogen and graphite, announced that it has completed a AU$2.5 million private placement.

Proceeds of the placement are to be directed towards the development of a commercial production facility, following a partnership with Innovative Manufacturing Co-operative Research Centre.

As quoted in the press release:

The Placement represents the amount allowable within Hazer’s placement capacity under ASX Listing Rule 7.1A and will not require shareholder approval.

Tim Goldsmith, Chairman of Hazer Group, commented: “We are delighted to have secured the support of new institutional and sophisticated investors, as well as the ongoing support of existing shareholders. We have an exciting program of activities ahead for the company in 2020, focusing on progressing the Hazer Commercial Demonstration Project, as well as new opportunities from our R&D program and Business Development activities. We are delighted to welcome the new shareholders onto the register, ahead of what is likely to be a very significant year for the hydrogen industry with the planned release of Australia’s National Hydrogen Strategy later this month.”

Click here to read the full press release.

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Recreational cannabis remains illegal in all Australia’s states and territories with the exception of the Australian Capital Territory (ACT). But could that change in the future?

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Data Review Enhances Prospectivity at Galan’s Greenbushes South Lithium Project

Highlights:

  • CSIRO’s historical datasets show prospectivity for Galan’s Greenbushes South Lithium Project
  • Historical laterite geochemistry data collected prior to mining at Greenbushes
  • Elevated abundances of pathfinder elements display a well-defined anomaly adjacent to Greenbushes South
  • Dispersion of elements into the laterite profiles include arsenic, tantalum, tin and antimony among others
  • Galan to commence sampling and mapping at Greenbushes South next month

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.

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Data Review Enhances Prospectivity at Galan’s Greenbushes South Lithium Project

Highlights:

  • CSIRO’s historical datasets show prospectivity for Galan’s Greenbushes South Lithium Project
  • Historical laterite geochemistry data collected prior to mining at Greenbushes
  • Elevated abundances of pathfinder elements display a well-defined anomaly adjacent to Greenbushes South
  • Dispersion of elements into the laterite profiles include arsenic, tantalum, tin and antimony among others
  • Galan to commence sampling and mapping at Greenbushes South next month

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.

Keep reading... Show less

AIS Resources’ Australian Yalgogrin Gold Project’s first drill hole returns gold intercepts averaging 1.5g/t over 87 meters including 0.9 meters at 9.3 g/t

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A summary of the intervals and average assays is set out below from the top of the core:

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Summary

– A 1400m long “fence line” of 27 shallow RAB drill holes designed to test outcropping mineralisation at the Sunrise Prospect has been completed.

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