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Renergen Updates on US IPO and Phase 2 Virginia Helium Project

Renergen’s proposed US listing is planned for Q2/Q3’23 and it has submitted a draft registration statement to the SEC. Renergen is seeking shareholder approval to issue up to 67.5mm shares. This should help Renergen access much deeper liquidity in North America, especially as its primary customers and lender are US based. The remaining key milestones ahead of FID of Virginia Phase 2 later this year are final approval of the loans, the awards of contracts for construction and the start of Phase 2 drilling.

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