Highlights

  • HyTerra continued evaluating geologic hydrogen and helium opportunities across its US exploration portfolio.
  • The McCoy-1 well provided technical information that influenced future exploration planning.
  • The company implemented cost reduction measures and corporate initiatives during 2026.
  • HyTerra continues advancing the Nemaha Project in Kansas and its Nebraska interest.
  • Future updates will focus on exploration programmes, funding and technical results.

HyTerra Ltd (ASX:HYT) is an exploration company focused on geologic hydrogen and helium opportunities in the United States. During 2026, the company continued assessing its Nemaha Project in Kansas and Geneva Project interest in Nebraska, while reviewing technical results and adjusting its exploration strategy following the McCoy-1 well programme.

McCoy-1 Well Evaluation

HyTerra completed testing activities at the McCoy-1 well within its Kansas exploration portfolio during 2026. The well was drilled to evaluate hydrogen and helium potential and provide additional geological information about the project area. The company reported gas flow information and helium measurements from testing activities, while noting that further evaluation would be required to understand the significance of the results.

Exploration Portfolio

HyTerra’s exploration portfolio includes the 100 per cent owned Nemaha Project in Kansas and an earn-in interest in the Geneva Project in Nebraska. These projects are focused on identifying potential geologic hydrogen and helium resources. Exploration activities involve geological studies, drilling programmes and analysis of subsurface information.

Cost Reduction and Corporate Changes

During 2026, HyTerra implemented cost reduction measures as part of its corporate strategy. The company also progressed initiatives related to its Capital Structure and access to broader investor markets. These measures were designed to manage corporate expenditure while maintaining focus on exploration activities.

Hydrogen and Helium Development Strategy

Geologic hydrogen exploration is an emerging area of the energy sector. HyTerra continues evaluating the potential of natural hydrogen systems alongside helium opportunities. Commercial development of these resources requires successful exploration, technical validation, processing solutions, infrastructure access and customer arrangements.

Funding and Operational Considerations

Exploration companies require ongoing capital to support drilling, technical studies and project evaluation. HyTerra remains dependent on funding availability to progress future exploration programmes. Corporate measures can assist with managing costs, but additional exploration activities may require further capital depending on programme scope and timing.

Risks and Areas to Monitor

Hydrogen and helium exploration involves significant geological and technical uncertainty. Early exploration results require further confirmation through additional studies and drilling. Factors including well performance, resource assessment, regulatory requirements and funding availability may influence the pace of project development.

Future Exploration Activities

Future company announcements may provide information on additional drilling programmes, technical studies, exploration targets and project advancement. Updates from the Nemaha and Geneva projects will provide further insight into the company’s approach to evaluating hydrogen and helium opportunities.

Key Insights

HyTerra’s 2026 activities highlight the early-stage nature of geologic hydrogen exploration and the importance of technical validation. The company continues refining its exploration strategy while managing corporate resources and evaluating results from its projects. Future progress will depend on exploration outcomes, funding capacity and the ability to demonstrate commercial potential.