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Hexagon Energy Materials Ltd. ( (AU:NH3) ) has shared an announcement.
NH3 Clean Energy Limited has issued 3,782,028 fully paid ordinary shares following the conversion of Convertible Notes approved at the company’s Annual General Meeting. This issuance increases the total number of ordinary shares to 686,196,027, aligning with the company’s compliance with the Corporations Act. The move is part of NH3’s broader strategy to strengthen its financial position and support its ongoing energy projects.
More about Hexagon Energy Materials Ltd.
NH3 Clean Energy Limited (ASX: NH3) is an Australian company engaged in the development of Future Energy projects and materials exploration. It focuses on delivering decarbonised hydrogen, specifically low-emissions ammonia, to both export and domestic markets through its WAH 2 Project, utilizing renewable energy as much as possible. The company also owns the McIntosh Nickel-Copper-PGE project, the Halls Creek Gold and Base Metals project, and has an earn-in arrangement on its McIntosh graphite property.
YTD Price Performance: 483.33%
Average Trading Volume: 1,590,883
Technical Sentiment Signal: Buy
Current Market Cap: A$81.89M
See more insights into NH3 stock on TipRanks’ Stock Analysis page.