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An announcement from GreenX Metals ( (AU:GRX) ) is now available.
GreenX Metals Limited has completed the acquisition of a 90% stake in Group 11 Exploration GmbH, which holds the Tannenberg Copper Project licenses. The project, located in a historically productive mining region, has expanded significantly and is positioned to contribute to Europe’s critical mineral resilience. The acquisition aligns with EU and German policies emphasizing domestic strategic raw materials, particularly copper, which is now recognized as a Strategic Raw Material under the EU Critical Raw Materials Act. GreenX plans further exploration to delineate the project’s full potential, supported by recent policy measures and financial backing from the German government.
The most recent analyst rating on (AU:GRX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on GreenX Metals stock, see the AU:GRX Stock Forecast page.
More about GreenX Metals
GreenX Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects that align with EU and German policy priorities, particularly in securing domestic sources of strategic raw materials like copper.
Average Trading Volume: 50,017
Technical Sentiment Signal: Buy
Current Market Cap: A$250.7M
Find detailed analytics on GRX stock on TipRanks’ Stock Analysis page.