- NeuRizer (NRZ) appoints Barrenjoey Capital Partners as its exclusive financial and corporate advisor for its urea project in South Australia
- The firm has been contracted to assist in the potential introduction of a strategic partner for the nitrogen-based urea fertiliser project, along with assessing and negotiating a partnership agreement
- Managing Director Phil Staveley says the advice Barrenjoey can offer is “invaluable”
- At this point in time, no definitive binding agreements with the strategic partner have been entered
- NeuRizer last traded at 8 cents on March 9
NeuRizer (NRZ) has appointed Barrenjoey Capital Partners as its exclusive financial and corporate advisor for its urea project in South Australia.
The NeuRizer project is designed to deliver low-cost, high-quality nitrogen-based fertiliser for local and export agriculture markets, which is estimated to initially produce one million tonnes per annum of urea fertiliser, with the potential to double this amount.
The firm was contracted to assist in the potential introduction of a strategic partner for the nitrogen-based urea fertiliser project, along with assessing and negotiating a partnership agreement.
“The strategic partner process is something that we have been working towards for some time,” NeuRizer Managing Director Phil Staveley said.
“In the end transactions of this size and complexity are complicated. The advice that Barrenjoey can provide on a range of complex issues will be invaluable.”
Mr Staveley also said the appointment of Barrenjoey will enhance the strategic partner process both in terms of the “probability of success” and the “attractiveness of the final outcome.”
At this point in time, no definitive binding agreements with the strategic partner have been entered.
NeuRizer last traded at 8 cents on March 9.