Latest Energy News

South Africa’s Minister of Mineral Resources has upheld Renergen’s helium extraction rights at the Virginia Gas Project, rejecting an appeal from Springbok Solar and securing the company’s production future.

Trinex Minerals is set to seek shareholder approval for a significant 127:1 share consolidation aimed at streamlining its capital structure and enhancing investor appeal. The move also adjusts options and performance rights accordingly.

Aldoro Resources has launched a strategic review of its non-core exploration assets following external interest, while reaffirming focus on its flagship Kameelburg project.

Reef Casino Trust reported stable 2024 financial results with steady distributions, while confidential takeover proposals from two groups are under board review. Operational challenges include rising regulatory costs and inflationary pressures.

Lykos Metals announces key leadership changes with David Wheeler stepping up as Non-Executive Chair and Petar Tomasevic taking the helm as Interim CEO, signaling a strategic pivot as the company advances in the Balkan region.

GreenHy2 Limited has broadened its renewable energy storage portfolio by integrating graphene-based hybrid supercapacitor batteries, reporting robust FY24 growth and advancing key customer trials.

Volt Resources Limited addresses recent media speculation about the potential cancellation of its mining licences in Guinea, confirming no formal notice has been received and engagement with authorities is underway.

Sietel Limited’s half-year results to March 2025 reveal an 11% revenue drop and a near 50% plunge in net profit, reflecting tough market conditions in property leasing and startup investments.

Rimfire Pacific Mining has agreed to sell an option on its Cowal Copper Gold Project to Copper Search Limited, unlocking up to $700,000 in milestone payments. This strategic move allows Rimfire to concentrate on its scandium assets amid tightening global supply.

Empire Energy Group Limited has opened a Share Purchase Plan (SPP) offering eligible shareholders the chance to invest up to $30,000 at $0.16 per share, matching a recent institutional placement price. The SPP includes free attaching options, subject to shareholder approval, to support key development projects in the Beetaloo Basin.

Elementos Limited has raised $5 million through a strategic placement to Metals X, accompanied by the appointment of two Metals X executives to its board, signaling a closer partnership and potential strategic alignment.

Tlou Energy announces the immediate resignation of CEO Anthony Gilby, with Colm Cloonan appointed as interim managing director amid a leadership transition.