NeuRizer Ltd's successful completion of entitlement offer

NeuRizer Ltd (ASX:NRZ) has successfully closed the renounceable rights issue, raising $1,716,333 before costs. The company will issue 68,653,291 new fully paid ordinary shares and 68,653,291 new options exercisable at $0.07, with an expiry date of 24 November 2025. The Options have been quoted under the ASX code NRZO.

NeuRizer's commitment to carbon neutrality and NRUP

NeuRizer Ltd is pleased to announce the successful completion of the entitlement offer, raising $1,716,333. We would like to express our gratitude to all shareholders for their support, especially during these challenging times, and extend a warm welcome to new investors. The participation of our largest shareholder in the rights issue reflects their strong commitment to our projects and confidence in our future. The net proceeds from the offer will enable us to advance the NRUP and working capital. We are dedicated to progressing the NeuRizer Urea Project (NRUP), a nationally significant project aimed at delivering low-cost, high-quality nitrogen-based fertilizer to ensure a secure supply for local and export agriculture markets. Our commitment to carbon neutrality, as evidenced by our Climate Active certification and our decarbonization pathway for the NRUP, aligns with our goal of achieving net zero carbon emissions from our operations by 2025. The NRUP will not only enhance Australia's sovereign manufacturing capability for fertilizer but also contribute to long-term economic development and employment opportunities for various communities.

NeuRizer's future outlook and commitment to carbon neutrality

NeuRizer Ltd (ASX:NRZ) has successfully completed the entitlement offer, raising $1,716,333 to support the advancement of the NeuRizer Urea Project (NRUP) and working capital. The company's commitment to carbon neutrality, exemplified by its Climate Active certification and decarbonization pathway for the NRUP, underscores its dedication to environmental sustainability. The NRUP, once developed, will significantly increase Australia's sovereign manufacturing capability for fertilizer, benefiting local and export agriculture markets. Additionally, the project will create long-term economic development and employment opportunities for communities in the Upper Spencer Gulf region, northern Flinders Ranges, and South Australia. NeuRizer's focus on achieving net zero carbon emissions from its operations by 2025 aligns with its ambition to contribute to a carbon-neutral world and strengthen supply chain resilience for Australian farmers and the industrial sector. The company encourages shareholders to support its carbon reduction efforts by providing email addresses for online communications, reflecting its ongoing commitment to environmental stewardship.