NeuRizer has entered into an agreement for a private share placement to its international top tier construction partner DL E&C Co. Ltd for approximately A$14.4 million) at 15 cents per share.
Following this significant capital investment DL E&C will hold approximately 9.1% of the Company’s shares.
Funds will be used for working capital and project costs leading into the Final Investment Decision for the NeuRizer Urea Project (NRUP) expected to be reached early next year.
This investment further strengthens the strong partnership between ‘top tier’ international DL E&C and NeuRizer to progress the NRUP to production in 2025.
