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Hexagon Energy Materials Ltd. ( (AU:NH3) ) has provided an update.
NH3 Clean Energy Limited is advancing its WAH2 Project, currently in the front-end engineering and design phase, which aims to develop a significant hydrogen production facility. The project faces various technical, commercial, financial, and regulatory risks, with funding being a critical aspect. NH3CE is in discussions with public and government financing organizations and is considering a ‘build, own and operate’ model. The company needs to secure between A$405M and A$567M in funding, potentially resulting in a farmout of 65% – 75% of the project, leaving NH3CE with a 25% – 35% share.
More about Hexagon Energy Materials Ltd.
YTD Price Performance: 405.56%
Average Trading Volume: 1,545,515
Technical Sentiment Signal: Buy
Current Market Cap: A$63.42M
See more insights into NH3 stock on TipRanks’ Stock Analysis page.