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Greenland Minerals Limited ( (AU:ETM) ) has provided an update.
Energy Transition Minerals Ltd has announced a proposed placement of up to 35,325,638 new fully paid ordinary shares, with a targeted issue date of 1 April 2026. The capital raising, conducted via an ASX-listed securities issue, is intended to strengthen the company’s financial position and provide funding flexibility to advance its portfolio of energy transition mineral projects, with potential implications for existing shareholders through equity dilution and for the company’s ability to progress its strategic growth plans in the critical minerals sector.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
More about Greenland Minerals Limited
Energy Transition Minerals Ltd is an ASX-listed resources company focused on minerals that support the global shift to low-carbon energy, with its primary activities centred on the exploration and development of energy transition-related mineral projects. The company targets strategic commodities used in clean energy technologies and emerging industrial applications, positioning itself within the broader energy transition and critical minerals supply chain.
Average Trading Volume: 6,590,205
Technical Sentiment Signal: Buy
Current Market Cap: A$337.3M
Find detailed analytics on ETM stock on TipRanks’ Stock Analysis page.