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The latest announcement is out from Hexagon Energy Materials Ltd. ( (AU:NH3) ).
NH3 Clean Energy Limited has successfully raised $710,000 through a share placement to advance its WAH2 Clean Ammonia Project, exceeding its initial target of $600,000. The funds will support the project’s next development phase, including engineering design, commercial negotiations, and stakeholder engagement, positioning NH3 as a significant player in clean ammonia export and bunkering. Additionally, the company is converting $900,000 of convertible notes into shares, effectively reducing its debt and further strengthening its financial position.
More about Hexagon Energy Materials Ltd.
NH3 Clean Energy Limited 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 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, with an earn-in arrangement on its McIntosh graphite property.
YTD Price Performance: 83.33%
Average Trading Volume: 610,463
Technical Sentiment Signal: Hold
Current Market Cap: A$18.63M
See more data about NH3 stock on TipRanks’ Stock Analysis page.