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Hexagon Energy Materials Ltd. ( (AU:NH3) ) just unveiled an announcement.
NH3 Clean Energy Limited has announced the issuance of 36,363,637 fully paid ordinary shares at $0.11 each, raising over $4 million from professional and sophisticated investors. This share placement increases the company’s total shares on issue to 682,413,999, bolstering its financial position to support ongoing and future projects, potentially enhancing its market presence in the clean energy sector.
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. The company focuses on delivering decarbonized hydrogen, specifically low-emissions ammonia, to both export and domestic markets through its WAH 2 Project, utilizing renewable energy as much as possible. NH3 Clean Energy also owns the McIntosh Nickel-Copper-PGE project and the Halls Creek Gold and Base Metals project in Western Australia, with an earn-in arrangement on its McIntosh graphite property.
YTD Price Performance: 538.89%
Average Trading Volume: 1,505,798
Technical Sentiment Signal: Buy
Current Market Cap: A$74.3M
See more insights into NH3 stock on TipRanks’ Stock Analysis page.