Characterized by a large surface area to volume ratio, nanostructured metal oxides possess unique chemical and physical properties with applications in electronics, catalysis, sensors, etc. In this study, Mo3Al8, an intermetallic compound, has been used as a precursor to obtain nanostructured molybdenum oxides. It was prepared into ribbons by arc-melting and melt-spinning techniques. Single and double-step free corrosion of the as-quenched material have been studied in 1 M KOH, 1 M HF and 1.25 M FeCl3 at room temperature. In both cases, nanostructured molybdenum oxides were obtained on a surface layer a few microns thick. Two of the as-prepared samples were tested for their electrocatalytic capability for hydrogen evolution reaction (HER) in 0.5 M H2SO4 giving low onset potential (−50 mV, −45 mV), small Tafel slopes (92 mV dec−1, 9 mV dec−1) and high exchange current densities (0.08 mA cm−2, 0.35 mA cm−2 respectively). The proposed nanostructured molybdenum oxides are cost-effective and sustainable due to the cheap and abundant starting material used and the simple synthetic route, paving the way for their possible application as HER electrocatalysts.