Listed hydrogen play Frontier Energy was asking investors to chip in $9 million to help fund work at its hydrogen project in Western Australia.
Monday’s raise was for its Bristol Springs Green Hydrogen project, 120 kilometres south of WA.
The term sheet sent to potential investors said Frontier’s aiming to hit hydrogen production in 2025 but needed money to fund early works, develop a hydrogen refuelling station, and for land funding and peaking plant studiesFrontier Energy had a $119.3 million market capitalisation before the raise, and $9.3 million cash at June 30.
co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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