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GreenTech Metals Limited (ASX:GRE)

ALERT: Price-sensitive ASX Announcement for GRE
Current share price for GRE : $0.058 -0.013 (-18.31%)+
Announcement
Release
3 Dec 2025 10:26AM
Price at Release
$0.071
Full Release
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Summary
GreenTech Metals Limited has successfully secured firm commitments for a $5.2 million placement to fund the Munni Munni PGE-Cu-Ni Project in Western Australia. The placement exceeded the initial target of $4 million, reflecting strong interest from both existing shareholders and new sophisticated institutional investors. This capital injection meets a Condition Precedent for acquiring 70% of the Munni Munni Project, enabling immediate commencement of work programs including a 20-hole drill program for a JORC (2012) compliant Mineral Resource Estimate expected in early 2026. Notably, the company's board and management are bolstered by the addition of experienced geologists such as Stefan Murphy and Dr. Kevin Frost to accelerate exploration activities. The Munni Munni Project is recognized as one of Australia’s largest platinum group element deposits, offering significant growth potential with mineralization open along strike and at depth.
Key Points
  • Successful $5.2 million placement to fund Munni Munni project.
  • Placement received strong institutional and shareholder support.
  • Key Condition Precedent met for acquiring 70% of Munni Munni Project.
  • Immediate work programs planned, including a 20-hole drill campaign.
  • Board strengthened with new geologist appointments to drive exploration.
  • Munni Munni is a significant PGE-Cu-Ni project with growth potential.
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.