NeuRizer Ltd (AU:NRZ) has released an update.
NeuRizer Ltd has announced strategic cost-saving measures including relocating business premises, asset sales like diesel generators, and workforce reductions to strengthen its financial position. Progress on international ventures continues, with ongoing discussions for joint ventures in China and Mongolia for hydrogen production, and potential urea marketing collaborations with Samsung for the Australian market. The company is also aiming to reduce costs and improve returns on its urea production project by revising its development contract strategy.
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