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NH3 Clean Energy Limited Completes $4.0M Capital Raise

Strategic Insights

— 1 min read

NH3 Clean Energy Limited, a developer of clean energy technologies, has successfully completed a $4,000,000.07 capital raise through a private placement of ordinary shares to institutional investors. This funding will primarily support the front-end engineering design (FEED) work for the Company's WAH2 clean ammonia project. The Placement Shares will be issued at a price of $0.110, with Curran & Co acting as sole lead manager and book runner.

Key Takeaways:

  • The Company has issued 36,363,637 fully paid ordinary shares to new institutional investors at a price of $0.110.
  • The funds will be primarily applied to the FEED work for the Company's WAH2 clean ammonia project.
  • The Placement Shares represent a 4.35% discount to the last closing price of $0.115 and a 26.4% premium to the 15-day volume-weighted average price (VWAP).
  • The capital raise will aid the Company in funding the run-up to the WAH2 project final investment decision (FID) and de-risk project execution.
  • The Company aims to accelerate the pace of deliverables, focusing on in-house workstreams for FEED and customer acquisition.
  • The funding should provide sufficient resources to achieve the next development and revaluation milestones, including potential Build Own Operate (BOO) delivery of elements of the project.
  • The Placement Shares will rank equally with existing shares on issue, with the issue expected to take place by 5:00pm AWST on Thursday, 16 October 2025.

Statistics:

  • $4,000,000.07: Amount of capital raised through the private placement.
  • 36,363,637: Number of fully paid ordinary shares issued to new institutional investors.
  • $0.110: Price of the Placement Shares.
  • 4.35%: Discount to the last closing price of $0.115.
  • 26.4%: Premium to the 15-day VWAP.
  • 2025: Expected year of the final investment decision (FID) for the WAH2 project.

Sources:

  • NH3 Clean Energy Limited, Authorised announcement (no date provided).
  • ASX Listing Rules 7.1 and 7.1A.
  • Curran & Co. Research desk notes (no date provided).
  • Gulfoilandgas.com. All rights reserved.

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