Overview of HyTerra Ltd's trading halt request

HyTerra Ltd (ASX: $HYT) has requested a trading halt from the commencement of trading on Tuesday, 26 March 2024, to consider, plan, and execute a capital raising. The trading halt is expected to last until the commencement of trading on Thursday, 28 March 2024 or an earlier announcement by the company. The company's Company Secretary, Hannah Cabatit, has stated that they are not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market about the trading halt.

Executive commentary on the trading halt request

The company has requested the trading halt to facilitate the process of considering, planning, and executing a capital raising. This decision aligns with our strategic initiatives to support the exploration and production of natural hydrogen. We believe that this capital raising will enable us to further advance our projects and strengthen our position in pioneering natural hydrogen exploration and production. We are committed to keeping the market informed and will provide updates as soon as possible.

Summary of HyTerra Ltd's trading halt request

HyTerra Ltd (ASX: $HYT) has requested a trading halt to consider, plan, and execute a capital raising. The company aims to utilize this capital raising to support its strategic initiatives in pioneering the exploration and production of natural hydrogen. The trading halt is expected to last until the commencement of trading on Thursday, 28 March 2024 or an earlier announcement by the company. HyTerra remains focused on advancing its projects and maintaining transparency with the market.