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The latest update is out from NeuRizer Ltd ( (AU:NRZ) ).
NeuRizer reported that it is now working exclusively with Reliance Industries in India, conducting monthly assessments of potential sites, capability gaps and operating procedures for in-situ and underground coal gasification, with the aim of reaching a formal implementation agreement in the coming months. The company’s shares remain suspended on the ASX as it focuses on completing its overdue financial reporting, which is required to satisfy listing obligations and potentially pave the way for a return to trading.
At its NeuRizer Urea Project in Leigh Creek, the company continued Stage 1 work aimed at proving the commercial, technical, environmental and financial viability of the project, including extensive groundwater, air, soil and surface water monitoring in line with regulatory requirements. NeuRizer advanced closure of its pre-commercial demonstration, progressed its environmental impact statement, maintained and preserved site infrastructure, hosted government, investor and contractor visits, and co-authored technical research to refine gasifier and subsidence modelling that will underpin future project stages.
More about NeuRizer Ltd
NeuRizer Ltd is an Australian resources and clean energy company focused on developing in-situ coal gasification technology to produce syngas and related products, including urea, from coal deposits. Its flagship NeuRizer Urea Project at Leigh Creek in South Australia targets fertiliser and industrial markets, while the company also explores international applications of in-situ gasification, particularly in India.
Average Trading Volume: 9,997,589
Technical Sentiment Signal: Sell
Current Market Cap: A$3.36M
Learn more about NRZ stock on TipRanks’ Stock Analysis page.