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Greentech Metals Ltd. ( (AU:GRE) ) just unveiled an announcement.
GreenTech Metals has struck binding agreements to acquire a 70% interest, with an option to move to 80%, in the high-grade Munni Munni PGE Project adjacent to its Whundo Copper-Gold deposit, securing tenure over a 346km² package that includes up to 21km of the Ferguson Reef and an historical resource on granted mining leases. Shareholders have overwhelmingly approved the deal, backed by a $5.2m capital raising that leaves the company fully funded to validate historical drilling, complete QA/QC work and deliver a JORC 2012-compliant mineral resource in early 2026, while a strengthened board and technical team move to fast-track exploration in a PGE market characterised by tight supply and strong platinum and palladium prices.
The most recent analyst rating on (AU:GRE) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Greentech Metals Ltd. stock, see the AU:GRE Stock Forecast page.
More about Greentech Metals Ltd.
GreenTech Metals Limited is an Australian exploration company focused on platinum group elements (PGE), copper, nickel and gold in the West Pilbara mining region of Western Australia. Its core assets now include the Munni Munni PGE Project and the nearby Whundo Copper-Gold Project, giving it one of the largest consolidated landholdings in the district and positioning it as a multi-metal developer targeting both precious and base metals amid tightening global PGE markets.
Average Trading Volume: 908,208
Technical Sentiment Signal: Buy
Current Market Cap: A$25.46M
See more data about GRE stock on TipRanks’ Stock Analysis page.