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Greenvale Energy Limited (ASX:GRV)

ALERT: Price-sensitive ASX Announcement for GRV
Current share price for GRV : $0.025 -0.013 (-34.21%)+
Announcement
Release
28 Jul 2026 9:23AM
Price at Release
$0.038
Full Release
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Summary
Greenvale Energy Limited announced a successful capital raise of approximately A$3.25 million through a share placement at A$0.033 per share, which will be used to accelerate uranium exploration at the Thunderball Project in Northern Territory, Australia. This placement, managed by Alpine Capital Partners, saw strong interest from new and existing institutional and professional investors. The funds will support exploration activities including mapping, sampling, and development of drill targets, and will also strengthen the company’s financial position as it advances its project portfolio, including the Pine Creek Uranium Project acquisition.
Key Points
  • Firm commitments to raise ~A$3.25 million via share placement
  • Placement price at A$0.033 per share, a discount to recent trading prices
  • Funds to accelerate exploration at Thunderball Uranium Project
  • Strong institutional investor interest
  • Alpine Capital Partners acted as Lead Manager
  • Proceeds to also support broader project portfolio and balance sheet strengthening
  • Ongoing field work includes mapping, sampling, and geophysical surveys
  • Directors to subscribe for additional shares subject to shareholder approval
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.