Petrel Resources (GB:PET) has released an update.
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Petrel Resources plc, a hydrocarbon exploration company with operations in Iraq and Ghana, has announced its pivot towards securing and developing critical resource minerals like Helium, given the EU’s need to reduce reliance on Chinese-controlled minerals. Despite market challenges for junior explorers and a global push for green energy, Petrel is leveraging its expertise and EU funding opportunities to target undeveloped discoveries in geopolitically favorable regions. The company has also expressed readiness to support its working capital and explore financing options for forthcoming projects.
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