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Hexagon Energy Materials Ltd. ( (AU:NH3) ) has shared an announcement.
NH3 Clean Energy Limited announced significant progress in its WAH2 Project, aimed at supplying low-emissions ammonia to Asia. The company has advanced its technical and commercial preparations, including entering agreements with Chevron Australia and AGIG, and is on track to commence Front End Engineering and Design by Q1 2025. A recent capital raise of $732,500 will support these developments. NH3’s strategy of using established technology is seen as advantageous amid macroeconomic factors, including uncertainties in international energy legislation and logistical advantages of routes from Northern WA to Asia.
More about Hexagon Energy Materials Ltd.
NH3 Clean Energy Limited, formerly known as Hexagon Energy Materials Limited, is an Australian-listed company focused on facilitating the clean energy transition. The company engages in project development for low-emission fuels and energy materials, with a significant focus on supplying low-emissions ammonia to Asia Pacific markets, particularly Japan and South Korea, in response to the region’s growing demand for sustainable energy solutions.
Average Trading Volume: 7,603
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €5.26M
For detailed information about NH3 stock, go to TipRanks’ Stock Analysis page.
