HyTerra has completed a strategic investment from Fortescue Future Industries Technologies, receiving A$21.9 million.
This funding will fully support the initial exploration phase of the Nemaha Project, which includes continued leasing, geophysical activities, and an expanded drilling campaign targeting additional geological prospects.
In conjunction with the investment, HyTerra and Fortescue have executed a Strategic Alliance Agreement (SAA), designed to facilitate collaboration through an equal representation steering committee. This committee will oversee the progress of the Nemaha Project and explore opportunities for additional white hydrogen projects globally. The SAA does not grant exclusivity rights to either party and establishes an advisory function for the steering committee.
HyTerra has appointed Christine Nicolau as Fortescue’s representative on its Board. Nicolau, General Manager of Corporate Development for Fortescue in Latin America, brings extensive experience in minerals growth and project development, having been with Fortescue since 2010.
HyTerra is focused on exploring natural hydrogen and helium resources, particularly through its Nemaha Project in Kansas, which holds 100% ownership of leases across emerging geological play areas. The company also has a joint development interest in the Geneva Project in Nebraska, targeting natural hydrogen and helium resources.
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