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NH3 Clean Energy Limited (ASX:NH3)

ALERT: Price-sensitive ASX Announcement for NH3
Current share price for NH3 : $0.105 0.007 (7.14%)+
Announcement
Release
6 Aug 2026 9:20AM
Price at Release
$0.098
Full Release
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Summary
NH3 Clean Energy Limited has announced the successful completion of a $4 million capital raise through a private placement primarily to institutional investors. The funds raised will be used to advance the Front End Engineering Design (FEED) work for the WAH2 clean ammonia project. The placement involved the issuance of 50 million fully paid ordinary shares at a price of $0.08 each, marking an 18.4% discount to the last closing price. There is significant investor interest, with commitments exceeding the target. The placement includes a tranche of shares involving director participation, which will require shareholder approval at the upcoming general meeting. This funding positions NH3 to make key decisions and accelerate project milestones. The placement shares are set to be issued under the existing capacity and rank equally with current shares, with formal issuance expected by August 11, 2026.
Key Points
  • NH3 Clean Energy completed $4 million capital raise.
  • Funds directed towards WAH2 clean ammonia project's FEED work.
  • 50 million shares issued at $0.08, 18.4% discount.
  • Strong institutional investor interest, exceeding target.
  • Director participation shares pending shareholder approval.
  • Capital raise supports milestone acceleration for NH3 projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.