HyTerra Ltd Announces Key Developments for Q2 2026
Key points
- McCoy-1 production testing commenced in July
- Larson 1-14 selected as highest-ranked Rift Play drilling candidate
- University of Colorado lab work demonstrated hydrogen generation
- Participation in US Air Force initiative and Korean hydrogen event
- Approximately A$6 million raised through entitlement and shortfall offers
Full summary
HyTerra Ltd, an Australian exploration and development company focused on geologic hydrogen, reported key developments for the quarter ended 30 June 2026. Production testing at McCoy-1 in Kansas began in July, marking an important operational milestone. Larson 1-14 was selected as the highest-ranked Rift Play drilling candidate, with a renewed Permit to Drill. Preliminary lab work with the University of Colorado demonstrated hydrogen generation from Midcontinent Rift rock samples. HyTerra was selected to participate in the Chimaera Fund's US Air Force initiative and presented at a Korean Government-supported hydrogen event. The company raised approximately A$6.02 million through entitlement and shortfall offers to support testing, drilling, and growth initiatives.
Guidance
Approximately A$6.02 million raised through entitlement and shortfall offers
Outlook
The coming period will focus on McCoy-1 test results and continuing to mature growth, drilling, and testing opportunities.
Summary generated by a large language model. Please interpret with care.