- NH3 has completed a $4 million placement before costs.
- Funds will primarily support FEED work for the WAH2 clean ammonia project.
- Fifty million shares will be issued at $0.08, an 18.4% discount to the last closing price.
- Clean maritime fuel and energy demands in Asia Pacific are projected to drive increasing demand for ammonia.
PERTH, 6 August 2026 — NH3 Clean Energy Limited (ASX: NH3) has completed a $4 million placement before costs, strengthening its capacity to progress Front-End Engineering and Design (FEED) work for the WAH2 clean ammonia project.
The Company will issue 50 million shares at $0.08 each. The placement attracted commitments above target and was supported predominantly by institutional investors. The issue price represents an 18.4% discount to NH3’s last closing price of $0.098.
Proceeds will be directed primarily toward WAH2 FEED activities as NH3 advances project milestones and works toward a future final investment decision. NH3 is developing WAH2 to supply low-emissions ammonia to export and domestic markets at scale, using renewable energy to the greatest extent practicable.
The placement comes as Asia-Pacific economies plan for increased ammonia use. Japan’s Strategic Energy Plan retains targets of up to 3 million tonnes annually by 2030, 12 million tonnes by 2040 and approximately 20 million tonnes by 2050. The IEA identifies ammonia production and maritime bunkering as key opportunities for low-emissions hydrogen adoption in Southeast Asia.
Chairman Charles Whitfield says:
"We would like to thank investors for their strong support in this raise as the Company nears this phase of project development. The money allows the Company to be well capitalised as we approach key milestones for project delivery."
Curran & Co acted as lead manager and bookrunner.
About us:
NH3 Clean Energy Limited (ASX: NH3) is an Australian company focused on Future Energy project development and Future Energy materials exploration and project development. The Company is developing a business to deliver decarbonised hydrogen (low-emissions ammonia) into export and domestic markets at scale, via its WAH2 Project. The Company plans to use renewable energy to the greatest extent practicable. NH3 100% owns the McIntosh Nickel-Copper-PGE project and the Halls Creek Gold and Base Metals project in Western Australia. The Company has an earn-in arrangement on its McIntosh graphite property. To learn more please visit: www.nh3ce.com
Contact details:
Jane Morgan Management, Investor and Media Relations, Wilamina Russo - 0450 646 609
NH3 Clean Energy, Stephen Hall CEO [email protected] + 61 8 6244 0349
