REV Exploration closed a private placement with Eric Sprott, raising gross proceeds of C$4mm through the issuance of 4.2mm units at a price of C$0.95 per unit.
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Hestia Energy, a San Francisco-based startup aiming to discover natural hydrogen deposits underground, is raising US$12mm in seed funding, according to Axios Pro.
Natural hydrogen exploration is accelerating globally, with junior companies raising over US$1bn in the past three years, according to NaturalHy (a financial consultancy).
The Government of Quebec published its long-term energy policy covering 2026 to 2050, formally naming natural hydrogen as a strategic innovation sector for the province.