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Greenwing Resources Ltd ( (AU:GW1) ) just unveiled an announcement.
Greenwing Resources Ltd has announced a deferral in the payment schedule for the San Jorge Lithium Brine Project, extending the next two instalments to a single payment in February 2027. This amendment, which includes an 8% annual amendment fee and the issuance of 2,000,000 unlisted options, allows the company to maintain its investment timeline flexibility while continuing its project development. Additionally, Greenwing has appointed Peter Wright as Managing Director, who has been with the company since 2016 and served as CEO since June 2023. This leadership change is expected to further strengthen the company’s strategic direction and operational management.
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 is involved in lithium and graphite projects located in Madagascar and Argentina, aiming to supply electrification markets while also researching and developing advanced materials and products.
Average Trading Volume: 456,429
Technical Sentiment Signal: Sell
Current Market Cap: A$15.11M
Learn more about GW1 stock on TipRanks’ Stock Analysis page.