A Perth startup backed by Andrew Forrest and Bill Gates, which is developing a cattle feed additive which reduces methane emissions, has added a New Zealand investor to its books as it expands to the shaky isles.
Climate technology company Rumin8 has raised $US12 million in a funding round led by the Bill Gates-founded Breakthrough Energy Ventures and supported by Andrew and Nicola Forrest.
Lynas Corporation and Galaxy Resources have suspended operations in response to tighter overseas government controls, while explorer Whitebark Energy has also felt the impacts of COVID-19.
Whitebark Energy has acquired full ownership of its Wizard Lake project, following a successful $5 million capital raising to consolidate and fast track the project's development.
Oil and gas explorer Transerv Energy is back looking for opportunities overseas after failing to achieve commercial success in Australia, announcing today a $4.9 million farm-in agreement over a producing operation in Canada.
