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GreenX Metals ( (AU:GRX) ) just unveiled an update.
GreenX Metals has raised approximately A$13.6 million through a placement of 16 million new shares at A$0.85 each, supported by existing and new institutional investors, including strong interest from North America and Europe. The fresh capital, combined with existing cash, will bolster the company’s balance sheet and fund exploration and development work at its Tannenberg copper project in Germany and Eleonore North gold and antimony project in Greenland, as well as general working capital and costs related to ongoing arbitration proceedings against Poland, positioning GreenX for a more targeted exploration programme in 2026.
The most recent analyst rating on (AU:GRX) stock is a Hold with a A$0.99 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 is a multi-listed resources company focused on exploration and development of mineral projects, notably the Tannenberg copper project in Germany and the Eleonore North gold and antimony project in Greenland, with a shareholder base that includes institutional investors from North America and Europe.
Average Trading Volume: 81,617
Technical Sentiment Signal: Buy
Current Market Cap: A$297.8M
For a thorough assessment of GRX stock, go to TipRanks’ Stock Analysis page.