TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Hexagon Energy Materials Ltd. ( (AU:NH3) ) has shared an update.
NH3 Clean Energy Limited has successfully raised $4 million through a private placement of shares to institutional investors, aimed at funding the FEED work for its WAH2 clean ammonia project. This capital raise, the largest in the company’s history, is expected to de-risk project execution and support the company’s strategy of minimizing dilution while accelerating project deliverables and customer acquisition. The placement reflects confidence from institutional investors and is expected to help NH3 achieve its next development milestones.
More about Hexagon Energy Materials Ltd.
NH3 Clean Energy Limited (ASX: NH3) is an Australian company focused on future energy project development and materials exploration. The company aims to deliver decarbonised hydrogen, specifically low-emissions ammonia, to both export and domestic markets through its WAH2 Project, utilizing renewable energy as much as possible. NH3 also owns the McIntosh Nickel-Copper-PGE project and the Halls Creek Gold and Base Metals project in Western Australia, and has an earn-in arrangement on its McIntosh graphite property.
YTD Price Performance: 538.89%
Average Trading Volume: 1,373,483
Technical Sentiment Signal: Buy
Current Market Cap: A$74.3M
See more data about NH3 stock on TipRanks’ Stock Analysis page.