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GreenTech Metals Limited (ASX:GRE)

ALERT: Price-sensitive ASX Announcement for GRE
Current share price for GRE : $0.061 -0.014 (-18.67%)+
Announcement
Release
12 May 2026 9:29AM
Price at Release
$0.075
Full Release
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Summary
GreenTech Metals Limited announced a successful $7.5 million placement at $0.075 per share, which was oversubscribed, raising the funds from sophisticated and professional investors. The placement will be split into two tranches, with the second tranche subject to shareholder approval. The funds are intended to support exploration and development activities at the Munni Munni and Whundo projects in Western Australia's West Pilbara region. CPS Capital Group Pty Ltd is acting as the Lead Manager and Broker. The placement ensures that GreenTech is well-positioned to advance its exploration and development plans, with part of the placement committed by GreenTech's board and management.
Key Points
  • GreenTech Metals Limited has secured firm commitments for a $7.5 million placement at $0.075 per share.
  • The placement was oversubscribed and increased from an original target of $6 million.
  • The funding will support exploration activities at Munni Munni and Whundo projects in West Pilbara, Western Australia.
  • Placement to be completed in two tranches, with the second tranche subject to shareholder approval.
  • GreenTech's board and management have committed $265,000 to the placement, pending shareholder approval.
  • CPS Capital Group Pty Ltd is the Lead Manager and Broker, with a fee up to 6% on funds raised.
  • The company aims to advance exploration and development programs with the placement's proceeds.
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.