Hazer Group Ltd has announced a successful capital raise totalling A$10 million to support the next phase of its commercialisation strategy. The raise comprises A$8 million from a placement with institutional and sophisticated investors, and an additional A$2 million targeted through a Share Purchase Plan (SPP) available to eligible retail shareholders in Australia and New Zealand.

The funds will enable Hazer to scale its proprietary methane pyrolysisPyrolysis is a thermochemical process that converts waste biomass into bio-char, bio-oil, and pyro-gas. It offers significant advantages in waste valorization, turning low-value materials into economically valuable resources. Its versatility allows for tailored products based on operational conditions, presenting itself as a cost-effective and efficient More technology, which produces clean hydrogen and synthetic graphite. The company plans to use the capital to enhance its reactor technology, further develop its graphite product, secure licensing agreements with partners, and extend its financial runway for long-term growth.

This capital raise positions Hazer to navigate a complex global hydrogen market, where traditional production methods are carbon-intensive and large-scale green hydrogen projects face commercial hurdles. Hazer’s technology offers a potentially cost-effective and scalable solution by using methane or biogas feedstockFeedstock refers to the raw organic material used to produce biochar. This can include a wide range of materials, such as wood chips, agricultural residues, and animal manure. More in a low-emissions process catalyzed by iron ore.

The placement was priced at A$0.31 per share, reflecting discounts relative to recent market prices, and was well-supported by both existing and new investors. Directors and senior management, including representation from AP Ventures, have collectively committed over A$1 million, pending shareholder approval at the upcoming annual general meeting.

In addition to reinforcing its financial foundation, the funds will help Hazer build on its recent strategic alliance with engineering firm KBR. This partnership aims to accelerate the company’s international commercialisation efforts and enhance its credibility in the clean tech sector.

The SPP allows eligible shareholders to subscribe for up to A$30,000 of new shares on the same terms as the institutional placement, without brokerage fees. Key dates include a record date of June 13, 2025, with the offer closing on July 9, 2025.

With this capital raise, Hazer is focused on meeting critical commercial milestones and expanding its global partnerships as it aims to offer scalable, low-emission alternatives for decarbonising industrial sectors.