D3 Energy jumps on acquiring helium, hydrogen permits in South Australia

D3 Energy

17/06/2025 03:53

** Shares of D3 Energy D3E.AX rise 8.3% to A$0.13, hitting its highest level since June 10

** Stock set for strongest trading session since June 10, if gains hold

** Gas explorer agrees to buy two permits located in Arckaringa basin in South Australia for exploration of hydrogen and helium

** Transaction terms include A$200,000 ($130,380.00) cash payment

** Says acquisition allows co to diversify from its flagship helium project in South Africa

** Adds independent assessment of helium and hydrogen resources at permits to begin in due course

** More than 313,000 shares change hands vs 30-day avg volume of 179,000 shares

** Stock up 62.5% YTD, including current session's moves

($1 = 1.5340 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))