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Wildhorse Energy to raise up to £5.6 mln for Hungary feasibility study

Australia's Wildhorse Energy has said it will raise up to £5.56 million through the placement of new shares to start a feasibility study at an underground goal gasification in Hungary's Mecsek Hills.

Econews reported in February that Wildhorse Energy signed a cooperation agreement with Hungary's state-owned Mecsek-Öko and Mecsekérc on the start of Uranium mining in the Mecsek Hills.