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An update from Hexagon Energy Materials Ltd. ( (AU:NH3) ) is now available.
NH3 Clean Energy Limited has commenced the Front End Engineering and Design (FEED) phase for its WAH2 Project, with significant progress in approvals and commercial workstreams. The project aims to supply low-emissions ammonia to Asia’s decarbonizing economies and is supported by strategic agreements, including a land lease at the Port of Dampier and a Memorandum of Understanding for ammonia bunkering operations. The company has also raised $4 million through a private placement and received government approval for facilitation support, positioning itself strongly in the clean energy market.
More about Hexagon Energy Materials Ltd.
NH3 Clean Energy Limited is an Australian-listed company focused on the clean energy transition, specializing in the development of low-emission fuels and energy materials. The company is engaged in projects that cater to the growing demand for clean energy solutions, particularly in the Asia Pacific region, including Japan and South Korea, as well as the maritime sector.
YTD Price Performance: 438.89%
Average Trading Volume: 1,655,271
Technical Sentiment Signal: Buy
Current Market Cap: A$66.56M
Find detailed analytics on NH3 stock on TipRanks’ Stock Analysis page.