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The latest announcement is out from NeuRizer Ltd ( (AU:NRZ) ).
NeuRizer has advanced negotiations with Reliance Industries in India, signing a non-binding term sheet for the sale of its Leigh Creek demonstration plant and a licence for NeuRizer’s proprietary technology, with binding contracts anticipated in early 2026. The company’s shares remain suspended from trading on the ASX, but NeuRizer has begun clearing a backlog of statutory reports and is working with its auditor and the exchange to resolve compliance issues, a key step toward potential reinstatement.
At its NeuRizer Urea Project, the company continued environmental and regulatory work on Stage 1, including groundwater monitoring, licence reporting and progressing the Environmental Impact Statement with specialist consultants. These activities, alongside site maintenance and stakeholder visits, move the project closer to final approvals and eventual urea production, reinforcing NeuRizer’s ambition to become a major urea supplier and deliver economic and supply-chain benefits to Australian agriculture.
More about NeuRizer Ltd
NeuRizer Ltd is an Australian resources and fertiliser company progressing the NeuRizer Urea Project at Leigh Creek in South Australia. The project targets domestic and international urea markets, aiming to supply Australian farmers with a secure source of urea fertiliser while positioning the company as a future producer in global agricultural supply chains.
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.