Whitebark Energy, in partnership with Conflux Energy, is receiving a cash injection from the reactivation of the Wizard Lake oil and gas joint venture in Canada. This financial boost will support Whitebark's transition towards renewable energy projects, particularly geothermal-based hydrogen production in various Australian locations. The company's sale of a stake in the Alberta-based Wizard Lake project has allowed it to focus on geothermal initiatives, with the aim of producing hydrogen from geothermal energy. The successful relaunch of oil and gas production at Wizard Lake signifies a significant step towards achieving Whitebark Energy's renewable energy growth agenda. The company is actively pursuing a geothermal energy-to-hydrogen project in Queensland, Australia, which, if approved, will mark a milestone in Australia's renewable energy landscape. Whitebark's emphasis on geothermal energy as a reliable baseload power source aligns with global trends towards sustainable and dependable renewables. By reducing its exposure to hydrocarbon projects, Whitebark Energy is strategically positioning itself to lead the way in innovative and sustainable energy solutions.