Neu Horizon Uranium Secures $12 Million in IPO, Set to Begin ASX Trading on 7 July 2026

Details of Neu Horizon Uranium's $12 Million Capital Raise and Listing

Neu Horizon Uranium Limited completed its IPO by raising $12 million through the issuance of 60,000,000 fully paid ordinary shares priced at $0.20 each. The offer was conducted under a prospectus dated 19 May 2026, providing full disclosure in compliance with Australian securities regulations ahead of the company’s ASX debut. This capital injection enables the company to advance its uranium exploration objectives.

Upon listing, 106,597,496 fully paid ordinary shares will be quoted on the ASX under the ticker NHU and trade abbreviation NEUHORIZON. The absence of underwriting means the $12 million raised reflects actual investor demand during the prospectus offer. Canaccord Genuity (Australia) Limited acted as lead manager, lending institutional credibility to the transaction. The ISIN for the shares is AU0000471070.

Trading to Commence at Midday on 7 July 2026

NHU’s securities are scheduled to begin trading on the ASX at 12:00 PM AEST on Tuesday, 7 July 2026. This midday start is a standard ASX procedure for new listings, facilitating orderly price discovery. Investors who subscribed at $0.20 per share will be able to trade their holdings from this time, subject to any escrow restrictions.

At the time of reporting, the initial share price reaction was unavailable as trading had not started. Market participants will closely observe whether NHU opens above, at, or below the $0.20 issue price. The uranium sector’s recent surge in investor interest may attract both retail and institutional participants to NHU’s market debut.

Share Structure at Listing

At quotation, Neu Horizon Uranium will have 106,597,496 fully paid ordinary shares on issue. Of these, 60,000,000 were issued under the prospectus, with the balance comprising pre-IPO and founder shares issued before listing. This share count implies a market capitalization of approximately $21.3 million at the $0.20 issue price on a fully diluted basis, although the company did not explicitly state this figure.

Distinguishing between the 60 million prospectus shares and the approximately 46.6 million pre-existing shares is important for understanding ownership. Many pre-existing shares are escrowed, restricting their immediate tradability. Investors should consult the full prospectus for comprehensive details on the share register composition.

24-Month Escrow on 39.4 Million Shares and Options Until July 2028

A significant portion of NHU’s securities are escrowed as a condition of ASX admission. Specifically, 39,416,583 fully paid ordinary shares are restricted and held in escrow until 7 July 2028, a 24-month period from listing. This escrow aligns the interests of founders, seed investors, and pre-IPO participants with public shareholders over the medium term.

Additionally, two tranches of unquoted options are subject to the same 24-month escrow. The first tranche includes 6,325,667 options exercisable at $0.30 until 3 July 2031, and the second includes 13,000,000 options exercisable at $0.30 until 3 July 2029. Both tranches remain locked until 7 July 2028. Exercising these options post-escrow could issue up to 19,325,667 additional shares, representing potential future capital and dilution considerations for investors.

Shorter Escrow Periods Expiring Between July and December 2026

Besides the 24-month escrow, several smaller share tranches are subject to 12-month escrow periods from their issue dates, releasing progressively after listing. The earliest release involves 500,000 shares becoming tradable on 25 July 2026, shortly after NHU’s market debut.

Subsequent releases include 8,035,919 shares on 25 August 2026, 750,000 shares on 18 September 2026, 833,338 shares on 9 December 2026, and 1,333,333 shares on 24 December 2026. An additional 2,500,000 shares will be escrowed until 29 June 2027. These staggered releases will gradually increase the free float over 12 months, potentially impacting market liquidity.

Focus on Uranium Exploration

Neu Horizon Uranium Limited is a mineral exploration company concentrating on uranium assets. The uranium sector has seen renewed global investor interest due to nuclear power’s role as a low-carbon energy source and utilities’ efforts to secure long-term fuel amid tightening markets. NHU’s listing positions it to capitalize on this trend, with IPO proceeds dedicated to exploration.

The company did not provide specific details on its uranium projects, tenements, or exploration targets in this update. Investors seeking detailed information should refer to the prospectus dated 19 May 2026. The next key developments will be NHU’s exploration updates following the start of trading, which will clarify its asset base and operational plans.

Canaccord Genuity’s Lead Manager Role and No Underwriting

Canaccord Genuity (Australia) Limited served as lead manager, overseeing the bookbuild and share distribution. Known for expertise in ASX resource IPOs, Canaccord’s involvement adds institutional credibility. However, the offer was not underwritten, meaning Canaccord was not obligated to cover any shortfall.

The full $12 million raise without underwriting indicates strong investor demand during the prospectus offer. While the company did not comment on demand dynamics, this outcome suggests positive initial market interest in NHU’s uranium exploration proposition.

Corporate Details: Company Secretary, Share Registry, and Registered Office

Neu Horizon Uranium Limited is incorporated in New South Wales, Australia, with its registered office at Level 10, Kyle House, 27-31 Macquarie Place, Sydney NSW 2000. The company secretary is Justin Clyne, responsible for compliance with ASX Listing Rules and the Corporations Act 2001. Contact details include email [email protected] and phone +61 407 123 143.

The share registry is managed by Automic Pty Ltd, located at Level 5, 126 Phillip Street, Sydney NSW 2000. Automic services many ASX-listed companies and can be reached at 1300 288 664 (Australia) or +61 2 9698 5414 (international) during business hours. NHU uses the CHESS electronic settlement system, with shares available in CHESS-sponsored and issuer-sponsored formats. The dividend policy is outlined in section 3.7 of the prospectus, with no near-term dividend plans disclosed.

Investor Considerations as NHU Starts Trading

As NHU begins trading on 7 July 2026, market participants will focus on the opening share price relative to the $0.20 issue price, initial trading volumes, and forthcoming operational or exploration announcements. Material developments such as tenement grants, geophysical surveys, drilling programs, or resource estimates will be critical for investors tracking NHU’s progress.

Investors should also consider the escrow schedule, especially the 24-month lock-up of 39.4 million shares and options expiring on 7 July 2028. The staggered release of shorter escrowed tranches starting in late July 2026 may affect trading dynamics. Given the inherent risks in early-stage uranium exploration, including exploration uncertainty, commodity price fluctuations, and capital needs, investors are advised to review the prospectus thoroughly and seek independent financial advice before investing.