Buru Energy Strengthens Funding for Rafael Gas Project

Buru Energy Limited (ASX: BRU) has secured firm commitments to raise AU$2.1 million through a share placement and will launch a Share Purchase Plan (SPP) targeting an additional AU$3.0 million. The funds raised will help Buru advance critical steps in its Strategic Development Agreement with Clean Energy Fuels Australia, aimed at progressing the Rafael Gas Project. These include securing an upstream development partner, advancing the 2026 appraisal program, regulatory approvals, and joint marketing of gas and condensate.

The placement, priced at 2.0 cents per share, offers one attaching option for every two shares, subject to shareholder approval. The SPP, opening on 8 September 2025, will allow shareholders to invest up to AU$30,000 on the same terms. Funds will help progress toward a Final Investment Decision in 2H 2026, with potential first cash flow expected by early 2028.

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