Whitebark Energy Advances Renewable Shift

Whitebark Energy Ltd (AU:WBE) has released an update.

Whitebark Energy Ltd has announced the successful completion of a $500,000 capital raise and is advancing its shift towards renewable energy with the addition of a geothermal exploration permit to its portfolio. The company has also appointed a new Non-Executive Director with expertise in renewable energy and is progressing towards the development of Australia’s first commercial geothermal energy to hydrogen project. Additionally, Whitebark has monetized its Wizard Lake assets while retaining a 10% interest and expects to resume production at the site in July.

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