Australia's Equus Energy rises on securing additional funding for gas project

Equus Energy

16/09/2026 03:57

** Shares of Equus Energy EQU.AX rise as much as 6.7% to A$0.400, their highest since August 14
** The energy co says Australia's Alcoa has accepted stage 1 pre-front end engineering design deliverables for Equus gas project
** Co adds, Alcoa also approved Equus to progress to stage 2 under the parties' gas sales and funding agreement
** The approval unlocks $1.5 million of additional funding for Stage 2 - Co 
** EQU remains 100% owner of the project
** YTD, stock up 25.4% 

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))