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Hazer Group (ASX:HZR) has filed a patent for an in-house process capable of producing graphite at purities above 99.9% – an ASX market disclosure from which references to hydrogen were nearly absent.
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For a good while, Hazer has been spruiking its mission to produce hydrogen and graphite at the same time using ‘the Hazer process’; it operates from a small facility in WA near the coastal Kwinana industrial zone.
(At one time, the company was headquartered in a large-rent-a-shed complex where it was neighboured by a skate park.)
Of course, the problem with the hydrogen-graphite strategy is that hydrogen markets fell over.
That statement is one widely accepted by market watchers, participants, and energy experts everywhere, but Anthony Albanese has recently been discussing it again in China with Xi Jinping. So there could be hope.
But as far as Tuesday is any indication, Hazer Group is back to its original exposure thematic: producing graphite for lithium-ion batteries.
Perhaps assisting the price climb as high as +13% in morning trades, yesterday, we got a lithium sentiment revival as China’s CATL shut a major lithium mine for three months, though I for one expect that revival to be short-lived.
Still, Hazer investors were liking the news.
The company earlier this year filed a patent in Japan for hydrogen production; in December last year, the company won just over $6M from the WA government to scale a small reactor underpinning its ‘Hazer process,’ which appears to be slowly progressing.
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During the COVID years, the company repeatedly ordered parts from China that reportedly arrived damaged. An MOU with Mitsui remains, perhaps, the most promising thing for many HotCopper users.
HZR last traded at 36cps.
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