Whitebark Energy Ltd (AU:WBE) has released an update.
Whitebark Energy Ltd is set to bolster its geothermal development projects in Australia with a capital raise of A$1.5 million. The funds will be raised through institutional placement and a shareholder entitlement offer, aiming to fast-track the commercialization of critical geothermal assets and hydrogen production initiatives. The move underscores Whitebark’s strategy to pioneer commercial geothermal energy production in the country.
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