Hazer Group has secured AUD 10 million in new funding to fast-track the commercialisation of its methane pyrolysis technology, with AUD 8 million raised through a placement to institutional and sophisticated investors and an additional AUD 2 million targeted via a share purchase plan (SPP).
The Perth-based clean technology company announced it had received firm commitments for the placement at an issue price of $0.31 per share, allowing new and existing shareholders to participate in the company’s next growth phase.
Proceeds from the capital raise will be used to scale up Hazer’s proprietary methane reactor technology, accelerate the development of synthetic graphite products, and progress partner engagement and licensing agreements.
The funding is also expected to strengthen Hazer’s balance sheet and extend its operational runway, which is further supported by Canadian revenues, government grants, and R&D tax incentives.
“Hazer is entering a pivotal new phase in the advancement and commercialisation of our unique and proprietary methane pyrolysis technology,” said Glenn Corrie, Hazer’s CEO and Managing Director.
“Today’s global hydrogen industry is at a crossroads—current production remains unsustainably CO? intensive while large-scale ‘green’ hydrogen solutions continue to face commercial and technical challenges in the near term.”
Hazer’s technology aims to provide a lower-emission alternative by converting methane into hydrogen and high-purity graphite without releasing CO?, positioning the company as a key player in the clean hydrogen transition for hard-to-abate sectors.
“Hazer is well positioned to capitalise on this industry dynamic with growing recognition of the distinct advantages our technology offers—a near-term, scalable and cost-effective solution for producing clean hydrogen and high-purity graphite to support the urgent need to decarbonise,” Corrie said.
In addition to the external funding, Hazer’s directors and management have pledged more than AUD 1 million of their own funds—subject to shareholder approval—highlighting internal confidence in the company’s direction.
The company noted that its recently announced strategic alliance with global engineering firm KBR is expected to accelerate its commercialisation strategy and further validate its technology on a global scale.
“This successful capital raise, combined with existing cash and non-dilutive funding sources, provides Hazer with an extended runway through key strategic and licensing milestones,” Corrie added.
“With these foundations in place, Hazer is well positioned to unlock significant long-term value for shareholders.”
Eligible shareholders can participate in the SPP on the same terms as the placement, with no brokerage or transaction costs.
