Hexagon Energy Materials Ltd. (AU:HXG) has released an update.
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Hexagon Energy Materials Ltd. has successfully raised A$1 million through a funding round to advance the WAH2 low-emissions ammonia project toward the Front-End Engineering Design (FEED) phase, with potential reimbursement from strategic partners for pre-FEED expenses. The company is making steady progress in technical, regulatory, and commercial aspects, aiming for FEED entry in Q3 2024. Hexagon is engaged in ongoing negotiations with various stakeholders to secure agreements that will underpin the project’s next phase.
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