During H1'24, HyTerra advanced its Kansas projects where it detected elevated natural hydrogen levels. In Kansas, HyTerra also continued leasing and exploration at the Nemaha Ridge project. The company also raised ~A$6.1mm via a capital raise and an A$5.24mm through a rights issue. Furthermore, HyTerra is working towards securing A$22mm funding from Fortescue in exchange for a 40% stake. The funds will support further exploration activities and operational growth. The company ended with a cash position of A$5.5mm and total assets of A$15mm.
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