Hexagon Energy Materials Ltd. ( (AU:NH3) ) just unveiled an announcement.
NH3 Clean Energy Limited has successfully raised A$600,000 through a combination of equity placement and convertible notes, with funds aimed at securing CO2 sequestration off-take contracts and bolstering the company’s cash position. This strategic capital raise aligns with NH3’s approach to minimize dilution while advancing its WAH2 project, which is considered a leading clean ammonia fuel initiative in Australia. The capital injection from new and existing investors underscores confidence in NH3’s project and valuation, with plans to finalize agreements and conduct a full FEED analysis leading to a Final Investment Decision by Q2 2026.
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 joint ventures on its graphite properties.
Technical Sentiment Signal: Buy
Current Market Cap: €7.68M
Learn more about NH3 stock on TipRanks’ Stock Analysis page.