NeuRizer Ltd. cancelled the acquisition of Mulpun ISG Project from Antofagasta Minerals S.A.

NeuRizer Ltd is an Australia-based carbon neutral company. The Company is focused on the development of NeuRizer Urea Project (NRUP). The NRUP project is located in South Australia, approximately 550 kilometers north of Adelaide. The NRUP is a fully integrated urea production facility in Australia, with all inputs (gas, power, and carbon di oxide) for low carbon urea production on-site. The NRUP project delivers nitrogen-based fertilizer supply to local and export agriculture markets. It uses in-situ gasification to produce syngas from the deep Leigh Creek coal seams, and use this syngas to produce urea, a commonly used fertilizer. The Company produces approximately one million tons per annum (Mtpa) of urea fertilizer with the potential to increase to two Mtpa.