REG - GreenX Metals Ltd - A$13.6 Million Placement of Shares

GreenX MetalsAnnouncement

28/01/2026 07:00

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RNS Number : 6723Q  GreenX Metals Limited  28 January 2026

 

 

 

 

 

NEWS RELEASE 28 January 2026

Not for release to US wire services or distribution in the United States

A$13.6 MILLION PLACEMENT OF SHARES

 

GreenX Metals Limited (ASX:GRX, LSE:GRX, GPW:GRX, Germany-FSE:A3C9JR) (GreenX
or Company) is pleased to announce that it has successfully completed a
bookbuild and secured firm commitments for a placement of 16,000,000 new
ordinary shares at a price of A$0.85 (£0.43) per share (New Shares) to raise
gross proceeds of approximately A$13.6 million (Placement).

SCP Resource Finance LP assisted in the Placement, which was supported by
existing investors, alongside new institutional investors.

The net proceeds from the Placement will be used for exploration and
development activities at the Company's Tannenberg Copper Project in Germany
(Tannenberg) and the Eleonore North Gold and Antimony Project in Greenland
(ELN), and general working capital, including costs in relation to the
Company's ongoing arbitration proceedings against Poland.

Together with the Company's existing cash resources, the proceeds of the
Placement will strengthen  that GreenX balance sheet allowing it to initiate
and progress with explorational and development activities at Tannenberg and
ELN.

The Placement is expected to settle on 4 February 2026, and Company will issue
the New Shares on or about 5 February 2026 under its capacity pursuant to ASX
Listing Rule 7.1A.

GreenX's Chief Executive Officer, Mr Ben Stoikovich, commented: We are
delighted with the continued support shown by existing shareholders and new
institutional shareholders for the Placement, including strong participation
from North America and Europe, particularly Germany and Switzerland. The
strengthened balance sheet places the Company in a strong position for 2026,
as it looks to undertake a more targeted exploration program at Tannenberg
designed to delineate the project's true scale and potential through
systematic data integration, target refinement and drill-ready prioritisation.

 

 

ENQUIRIES

 

 Ben Stoikovich            Kazimierz Chojna

 Chief Executive Officer   Investor Relations - Poland

 +44 207 478 3900          Kim Eckhof

 ir@greenxmetals.com       Investor Relations - UK / Germany

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Regulation 2014/596/EU which is
part of domestic law pursuant to the Market Abuse (Amendment) (EU Exit)
Regulations (SI 2019/310) ("UK MAR"). By the publication of this announcement
via a Regulatory Information Service, this inside information (as defined in
UK MAR) is now considered to be in the public domain.

 

Not an offer in the United States

This announcement has been prepared for publication in Australia and may not
be released to US wire services or distributed in the United States. This
announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction. Any
securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 and may not be offered or sold
in the United States except in transactions exempt from, or not subject to,
the registration requirements of the US Securities Act and applicable US state
securities laws.

Forward Looking Statements

This release may include forward-looking statements. These forward-looking
statements are based on GreenX's expectations and beliefs concerning future
events. Forward looking statements are necessarily subject to risks,
uncertainties and other factors, many of which are outside the control of
GreenX, which could cause actual results to differ materially from such
statements. GreenX makes no undertaking to subsequently update or revise the
forward-looking statements made in this release, to reflect the circumstances
or events after the date of that release.

 

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