Ark Energy Corporation Pty Ltd announced a private placement of 409,901,637 common shares at KRW 924.9970377649407 per share for gross proceeds of KRW 379,157,800,000 on April 14, 2022. The transaction will include participation from existing investor Korea Zinc Company, Ltd. to retain its 100% stake in the company. The transaction has been approved by the board of directors of Korea Zinc Company, Ltd.