Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
D3 Energy Limited ( (AU:D3E) ) just unveiled an update.
D3 Energy Limited has completed the acquisition of two contiguous exploration permits, PEL 121 and PEL 122, in South Australia’s Arckaringa Basin through the purchase of Unleash Energy Pty Ltd, issuing 5 million escrowed shares as part of the consideration. The permits, covering 5,865 square kilometres, host early-stage helium and hydrogen prospects including the drill-ready Hydrohelix structure and the Cootanoorina prospect, along with nine additional leads, which could open a new basin for helium and hydrogen exploration and provide substantial follow-on upside; the move diversifies D3 Energy’s asset base beyond its South African flagship project and reinforces its strategic push into global helium and hydrogen exploration.
More about D3 Energy Limited
D3 Energy Limited is an Australia-listed energy exploration company focused on helium and hydrogen, with a flagship helium appraisal project in South Africa’s Free State province where it has defined significant helium and methane contingent resources and secured a maiden reserve for a key production right application. The company is expanding its portfolio with complementary assets aimed at strengthening its position in the emerging helium and hydrogen markets.
Average Trading Volume: 41,554
Technical Sentiment Signal: Buy
Current Market Cap: A$43.11M
Learn more about D3E stock on TipRanks’ Stock Analysis page.