Gold Hydrogen taps Rockford for up to $4.21M R&D loan facility
What's the deal? Gold HydrogenDealroom has a profile for this one. Try Dealroom → (ASX:GHY) has entered into a research and development loan facility with Rockford CapitalDealroom has a profile for this one. Try Dealroom → worth up to US$3.88M (roughly $4.21 million). The two-stage facility provides an initial loan of up to US$1.29M against the company's FY2026 R&D claim, with an option to draw up to a further US$2.59M against its projected FY2027 claim.
Why now? The initial facility is secured against Gold Hydrogen's FY2026 R&D claim, which covers its 2025 drilling campaign and has been verified by DeloitteDealroom has a profile for this one. Try Dealroom →, the company's R&D and taxation advisor. Settlement is expected within days.
The terms: The facility carries a 1.75% establishment fee and interest of 16.5% per annum, with a 120-day minimum interest period. Any amounts drawn under the FY2027 stage must be repaid by April 30, 2028.
What's the endgame? Gold Hydrogen explores for natural hydrogen and helium on the Yorke Peninsula in South Australia. The company says the funding will let it keep analysing results from its recent well testing campaign and pursue preliminary studies on potential commercialisation pathways.
It drilled Australia's first natural hydrogen wells in 2023 and describes itself as the only company to have specifically drilled and tested wells for natural hydrogen in the country. The optional FY2027 facility would cover its 2026 well testing campaign and other eligible R&D costs.
The signal: Tapping a loan against future R&D tax rebates — rather than fresh equity or debt — is a familiar move for cash-conscious explorers looking to keep drilling without diluting shareholders. For a frontier play like natural hydrogen, bridging today's spending against tomorrow's claim buys time to prove the resource is commercial.
Read more: kalkine.com.au
Image credit: expom2uk
