Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Hexagon Energy Materials Ltd. ( (AU:NH3) ) has shared an announcement.
NH3 Clean Energy has signed a binding Water Supply Agreement with Western Australia’s Water Corporation to secure recycled water for Phase 1 of its WAH2 clean ammonia project. The deal provides a 15-year daily entitlement of 1,450 kilolitres from an upgraded Advanced Water Recycling Plant about 22 kilometres from the project site, with NH3 funding the facility upgrade under terms aligned with its pre-FEED economics.
The agreement is the first of the project’s preliminary commercial arrangements to be converted into a definitive binding contract, supporting the final investment decision targeted for the end of the year. NH3 is also advancing Front End Engineering and Design contractor selection and has completed fieldwork for key flora and vegetation surveys, keeping approvals and project development on track and signaling growing momentum toward project execution.
More about Hexagon Energy Materials Ltd.
NH3 Clean Energy Limited is an Australian-listed company focused on developing the WAH2 clean ammonia project in Western Australia. The company targets the emerging clean energy and hydrogen-derived fuels market, aiming to produce low-carbon ammonia using sustainable inputs such as recycled water to support industrial and export demand.
YTD Price Performance: -7.37%
Average Trading Volume: 437,900
Technical Sentiment Signal: Buy
Current Market Cap: A$62.73M
See more insights into NH3 stock on TipRanks’ Stock Analysis page.