- Cleantech business Hazer Group (HZR) is getting ready to carry out a capital raise after placing its shares in a trading halt
- The company which developed a hydrogen and graphite production process will remain halted from trade until September 13
- The proposed capital raise comes after HZR provided an update on its Hazer Commercial Demonstration Project being built in WA
- The company has noted that delays in the delivery of some fabrication supplies mean the plant won’t be commissioned until Q1 CY22
- Hazer shares last traded at $1.08 each on Wednesday, September 8
Cleantech business Hazer Group (HZR) is getting ready to carry out a capital raise after placing its shares in a trading halt.
The company which developed a low-emission hydrogen and graphite production process will remain halted from trade until September 13.
No details of the raise have been released just yet, however the business recently provided an update on its Hazer Commercial Demonstration Project.
The project is being built at Water Corporation’s Woodman Point Water Recovery Facility near Henderson, WA, and will be the first production facility based on the Hazer Process.
The company advised there had been some delays with the fabrication supply due to COVID-19 related restrictions in China and the impacts of Typhoon In-fa.
HZR said due to the delays it now estimated the project would be commissioned in Q1 2022, rather than the previous target date of December 2021.
Before today’s trading halt, shares in Hazer Group had been trading at $1.08 per share on Wednesday, September 9.