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An announcement from Greenwing Resources Ltd ( (AU:GW1) ) is now available.
Greenwing Resources Ltd has completed its Share Purchase Plan (SPP) as part of a broader Equity Raising initiative, which was announced on 28 April 2025. The SPP, which closed on 10 June 2025, received applications totaling $0.1 million. The Equity Raising also included a $1.1 million placement to professional investors and a $1.4 million placement subject to shareholder approval, which was granted on 12 June 2025. A total of 3,360,016 new shares will be issued, with the company planning to place the remaining $0.9 million of the SPP. This initiative is expected to strengthen Greenwing’s financial position and support its strategic goals in the critical minerals sector.
More about Greenwing Resources Ltd
Greenwing Resources Ltd is an Australian-based company specializing in the exploration and development of critical minerals, focusing on lithium and graphite projects in Madagascar and Argentina. The company aims to support electrification markets and is involved in the research and development of advanced materials and products for a cleaner future.
Average Trading Volume: 134,310
Technical Sentiment Signal: Sell
Current Market Cap: A$7.82M
For detailed information about GW1 stock, go to TipRanks’ Stock Analysis page.