Whitebark Energy Ltd. has entered into a Bid Implementation Agreement to acquire Kind Energy Ltd., enabling access to significant onshore hydrogen and helium resources in Australia. The acquisition includes ownership of 70% of the Alinya Project in South Australia's Officer Basin, a promising site for white hydrogen, helium, and gas projects. Whitebark will issue 100 million new shares and options valued at AUD 1.7 million for the acquisition, gearing up to begin exploration activities as early as Q1 2026. The company plans to explore the relatively unexplored Officer Basin, expecting low-cost onshore drilling with depths between 1,200 to 2,000 meters. Furthermore, Whitebark intends to raise capital in 2025 to finance various exploration tasks, such as soil geochemistry, seismic studies, and resource assessment for the Cooper Basin geothermal project. The move is seen positively by Whitebark and King Energy directors, as it promises growth opportunities in the white hydrogen sector and aligns with Australia's energy transition goals.