InvestSMART

Energy Transition Minerals Ltd (ASX:ETM)

ALERT: Price-sensitive ASX Announcement for ETM
Current share price for ETM : $0.043 -0.127 (-74.71%)+
Announcement
Release
30 Jan 2026 9:51AM
Price at Release
$0.170
Full Release
download
Summary
Energy Transition Minerals Ltd (ASX: ETM) announced a successful capital raising of A$24.7 million through a single tranche placement. The placement involved the issuance of 190 million new fully-paid ordinary shares at A$0.13 per share, supported by both existing and new international institutional investors. The funds will be used to further progress the Kvanefjeld Project in Greenland, a strategic initiative aimed at contributing significantly to Greenland's economy and global sustainable energy goals. Additionally, the proceeds will support the company's US engagement strategy, potential acquisitions, and maintain cash reserves for ongoing arbitration and litigation related to the Kvanefjeld project. The placement was managed by Canaccord Genuity (Australia) Limited and Evolution Capital Pty Ltd as Joint Lead Managers.
Key Points
  • A$24.7 million raised through a single tranche placement.
  • Issuance of 190 million new shares at A$0.13 each.
  • Strong support from new and existing international institutional investors.
  • Funds to progress the Kvanefjeld Project and US strategy.
  • Proceeds also to support potential acquisitions and maintain cash reserves for litigation.
  • Placement managed by Canaccord Genuity and Evolution Capital.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.