- GreenTech Metals (GRE) has traded green in its first full day on the ASX after successfully raising $5 million from an oversubscribed IPO
- Artemis is the largest shareholder with about 15 per cent of shares on issue
- The company will undertake a reverse circulation drilling program at the Whundo copper-zinc project from later this month
- It will complete further ground-based GPX surveys at both Whundo and the Ruth Well nickel project
- Shares were 1.82 per cent higher at 28 cents
GreenTech Metals (GRE) has traded green in its first full day on the ASX after successfully raising $5 million from an oversubscribed IPO.
The company is involved with the exploration and development of minerals and metals used in the battery storage and electric vehicles sectors.
Artemis is the largest shareholder with about 15 per cent of shares on issue.
Executive Director Thomas Reddicliffe said he was pleased with GreenTech’s listing on the ASX.
“The company has consolidated a highly prospective package of projects in Western Australia, focusing on commodities that will address the strong demand from the EV and renewable energy sectors,” he said.
“GreenTech is well-funded to undertake extensive and high-impact exploration programs over the next two years, with an immediate focus at the Whundo Copper-Zinc project, and to explore for new nickel deposits in this highly prospective region.”
The company has secured a reverse circulation drill rig to undertake a program at the Whundo copper-zinc project in the Pilbara, to begin this month.
It has also secured the services of a geotechnical team to undertake further ground-based GPX surveys at both Whundo and the nearby Ruth Well nickel project.
Shares were 1.82 per cent higher at 28 cents near market close.