July 07, 2025 [H2 View]- A Japanese consortium including Toyota Motor Corporation Hydrogen Factory, Mitsubishi Gas Chemical and Eneos Xplora will invest over AUD $14m ($9.5m) into natural hydrogen company, Gold Hydrogen.

The three companies have agreed to buy a 22% share of the hydrogen and helium extractor. The $14.5m was raised through a placement of more than 20.7 million shares at 0.70% each.

Toyota and Mitsubishi each invested AUD $5m ($3.3m), while Eneos has backed Gold Hydrogen with AUD $4.5m ($2.9m).

Last year, Gold Hydrogen confirmed up to 95% natural hydrogen purity at its Ramsay-1 and 2 exploration sites in South Australia. The addition of the three Japanese majors is expected to help the startup commercialise the Ramsay projects.

“The proceeds of this strategic investment will fund further drilling in the Ramsay fairway, leveraging the results from the company’s maiden drilling and well testing campaigns at Ramsay-1 and 2, and will help to advance future downstream/commercialisation opportunities for the Ramsay project,” Gold Hydrogen stated.

H2 View understands that a working group will be formed to advance feasibility studies, technical collaboration, downstream projects, investment, and potential offtake opportunities.

Neil McDonald, Gold Hydrogen Chairman, called the deal a “landmark moment.”

“Partnering with world-renowned leaders like Toyota, Mitsubishi, and Eneos validates the global significance of Gold Hydrogen’s natural hydrogen and helium potential.

“Together, we will be aiming to ultimately unlock a new era of sustainable, low-emission hydrogen and helium production at scale.”