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Toyota, Mitsubishi and ENEOS Xplora to Invest in Gold Hydrogen

04/07/2025

Gold Hydrogen has received binding commitments for a total investment of $14.5 million from Toyota Motor Corporation Hydrogen Factory, Mitsubishi Gas Chemical, and ENEOS Xplora into Gold Hydrogen. The investment will be through a placement of 20,714,285 fully paid ordinary shares at $0.70 per share, representing a premium of 22% to the Company’s last closing price of $0.575 on the ASX on 2 July 2025.

Following an extensive seven-month due diligence process, which attracted significant interest from numerous international groups, Gold Hydrogen selected these three global leaders as key strategic investors based on their innovation and leadership in hydrogen, helium, energy and transport technologies.

This investment followed the prior publication of the Company’s significant results from the Stage 1 drilling of its small-diameter exploration wells, Ramsay-1 and Ramsay-2, which confirmed an active hydrogen and helium system, with results including up to 95% natural hydrogen purity, up to 36.9% helium purity, and elevated levels of helium-33, within the Ramsay Project (PEL687), Yorke Peninsula, South Australia. These outstanding results provided the platform for the Company’s international strategic partnering process, working in conjunction with Morgans Financial and Mizuho Securities, as previously advised to the market on 31 March 2025.

Upcoming Exploration Program

The proceeds of this strategic investment will fund further drilling in the Ramsay fairway leveraging the results from the Company’s maiden drilling and well testing campaigns at Ramsay-1 and Ramsay-2, and will help to advance future downstream / commercialisation opportunities for the Ramsay Project. The drilling program, which is expected to commence in Q4, 2025, has been designed to further delineate and appraise the Ramsay Project’s natural hydrogen and helium accumulations, through appraisal well drilling and a range of testing activities.

KeyFacts Energy: Hydrogen news

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