Jade Gas Holdings Ltd. has completed a AU$1.8 million capital raise to deliver the first commercial gas production in Mongolia.

The company issued 60 million new shares at 3 cents per share.

Jade Gas will use the funds for its Red Lake gas field, part of the Tavantolgoi coal bed methane (TTCBM) project. Jade is focusing on executing initiatives at the project to deliver Mongolia’s first commercial gas production operation.

Jade’s strategy is to develop all of its projects so that gas produced may, in the long-term, provide an economically viable and reliable supply option to the power and transport sectors in Mongolia, initially in the South Gobi.

The funds raised will support several near-term value milestones including securing a maiden gas reserve booking, submission for a gas production licence and advancing commercial and strategic initiatives to establish a substantial gas operation.

Meanwhile, the company is pursuing multiple commercialisation options to participate in the heavy vehicle transport and power sectors through both compressed and/or liquified natural gas projects.

Achievement of Jade’s strategy will displace the heavy reliance on imported gas and gas liquid products, especially diesel fuel, and coal fired power.

This will increase the security of energy supply for Mongolia as well as provide significant improvement in air quality and other environmental outcomes.

Published Date:2026-04-01