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Greenwing Resources Ltd ( (AU:GW1) ) has provided an update.
Greenwing Resources Ltd announced that the call option granted to Blue Northstar Limited, a subsidiary of NIO Inc., to acquire a significant stake in Andes Litio SA has lapsed. Andes Litio SA holds rights to the San Jorge Lithium Brine Project in Argentina, which has shown promising lithium resources. Greenwing is raising capital to review exploration data and optimize future drilling, considering funding options for the project’s advancement.
More about Greenwing Resources Ltd
Greenwing Resources Ltd is an Australian-based critical minerals exploration and development company focused on sourcing metals and minerals essential for a cleaner future. The company operates lithium and graphite projects in Madagascar and Argentina, aiming to supply electrification markets and advance research in materials and products.
Average Trading Volume: 106,746
Technical Sentiment Signal: Sell
Current Market Cap: A$8.23M
For detailed information about GW1 stock, go to TipRanks’ Stock Analysis page.