Australia's Gold Hydrogen rises on $9.5 million investment commitment into firm

Gold Hydrogen

03/07/2025 02:00

Corrects to "ENEOS Xplora" from "ENEOS Explora" in second bullet

** Shares of Gold Hydrogen GHY.AX rise 13% to A$0.65, their highest level since June 4

** Renewable fuels explorer announces binding commitments from Toyota Motor Corp Hydrogen Factory, Mitsubishi Gas Chemical 4182.T and ENEOS Xplora to invest total of A$14.5 mln ($9.54 mln) into co

** Adds, investment will be through placement of 20.7 mln fully paid ordinary shares at A$0.70 each

** Investment placement issue price represents a premium of 22% to co's last close

** GHY stock rose as much as 19.1% earlier in the day, marking its biggest intraday gain since early April

** Stock up 2.4% this year, including the day's move

($1 = 1.5207 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))