Energy Transition Minerals Raises A$24.65m via Share Placement

An announcement from Greenland Minerals Limited ( (AU:ETM) ) is now available.

Energy Transition Minerals Ltd has completed a capital raising of approximately A$24.65 million through the issue of 189.6 million new fully paid ordinary shares at A$0.13 each to institutional, professional and sophisticated investors under its ASX Listing Rule placement capacity. The company has confirmed that the shares were issued without a prospectus in accordance with the Corporations Act cleansing provisions and stated it remains compliant with its continuous disclosure obligations, while flagging that confidential and unresolved matters related to its prior announcement on Shenghe’s top-up right may lead to further updates, a development that could have implications for its rare earths partnership and broader strategic positioning.

The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.13 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 and materials critical to the global energy transition, including rare earths, with operations and corporate presence in Australia and Greenland. Its investor base includes institutional, professional and sophisticated investors active in the critical minerals and energy-transition sector.

Average Trading Volume: 7,060,797

Technical Sentiment Signal: Buy

Current Market Cap: A$248M

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