Fortescue, an Australian mining firm, has agreed to purchase a 39.8% stake in natural hydrogen company HyTerra for AUD$21.9m. This investment will enable HyTerra to pursue natural hydrogen exploration by drilling six wells in Kansas, supported by a recently secured permit. The deal, subject to shareholder approval, aims to fund an expanded exploration phase of the Nemaha Project, potentially uncovering new drilling opportunities. Fortescue's involvement is expected to strengthen HyTerra's financial position and drive global decarbonisation efforts. Despite recent job cuts and delays in hydrogen production targets, Fortescue remains committed to becoming a leading green technology company by 2030. Natural hydrogen, formed through processes like serpentinisation, is gaining attention as a low-cost, low-impact energy source. Anticipated to cost around $1/kg, natural hydrogen exploration ventures have been initiated across various countries. This strategic alliance between Fortescue and HyTerra signifies a significant advancement in harnessing natural hydrogen for sustainable energy solutions.