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Greenwing Resources Ltd ( (AU:GW1) ) has provided an update.
Greenwing Resources Ltd has announced the issuance of 64,266,669 ordinary shares, which includes shares from tranche 2 placement, SPP shortfall, and additional placement. This move is part of the company’s strategy to strengthen its financial position and support its ongoing projects in the critical minerals sector, potentially enhancing its market presence and operational capabilities.
More about Greenwing Resources Ltd
Greenwing Resources Ltd is an Australian-based critical minerals exploration and development company. It focuses on sourcing metals and minerals necessary for a cleaner future, with lithium and graphite projects located in Madagascar and Argentina. The company aims to supply electrification markets and is involved in researching and developing advanced materials and products.
Average Trading Volume: 281,659
Technical Sentiment Signal: Sell
Current Market Cap: A$11.32M
Learn more about GW1 stock on TipRanks’ Stock Analysis page.