FZU Zijin Hydrogen Power, a subsidiary of major global metals miner Zijin Mining, has recently announced a capital increase initiative via the Longyan Property Rights Exchange, aiming to raise RMB 39.9896 million to 59.9844 million (US$5.6-8.4 million). The proceeds will be used entirely to bolster the company’s working capital, enabling it to scale up the R&D, production, and commercial application of its hydrogen energy solutions.

This financing initiative will strengthen the firm’s leadership in ammonia-based hydrogen energy technology, accelerate innovation, and drive large-scale industrial adoption. In parallel, the company is advancing its Series A round to attract strategic investors with relevant industrial expertise.

Driven by R&D and real-world applications, and backed by increased capital, FZU Zijin will expand its hydrogen energy operations at a faster pace.

Translator: Li Yuanxing   Reviser: Jian  Editor-in-Chief: Fa Yuan