On May 22, Renergen Ltd (ASX:RLT, JSE:REN) made a major splash in the South African gas industry, agreeing to a $160 million merger with ASP Isotopes (NASDAQ:ASPI). This deal positions Renergen as a top global supplier of crucial industrial gases like helium and methane, highlighting the increasing value of these resources.
Crucially, it also sets a high valuation benchmark for the sector, which could significantly benefit D3 Energy Ltd (ASX:D3E, OTCQB:DNRGF), given its promising, similar resources located right next to Renergen’s.
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