GreenTech Metals Limited is an exploration and development company established to discover, develop and acquire resource projects to supply the growing demand from global electrification. It is set to list on the Australian Securities Exchange (ASX).
GreenTech Metals Limited has 5 projects – Whundo Cu-Zn Project, Ruth Well Ni-Cu Project, Osborne Nickel Project, Windimurra Nickel Project and Mawson South Nickel Project.
*Whundo Cu-Zn Project – Whundo Project has two mining licences and one miscellaneous licence.
*Ruth Well Ni-Cu Project – Ruth Well Project has four exploration licences and a prospecting licence. The intrusion related model for Ruth Well offers exploration opportunities given its proximity and similarity to Radio Hill and Mount Scholl, both known intrusive-hosted Ni sulphide deposits.
*Osborne Nickel Project – Osborne Project has one exploration licence and covering an area of approximately 45 km2 within the West Pilbara Mineral Field.
*Windimurra Nickel Project – Windimurra is the largest Layered Mafic Igneous Complex in Australia, and one of the largest in the World similar to the Bushveld, Sudbury and Stillwater complexes. Prospective for Ni and PGE’s on the margin of the large Windimurra intrusive mafic complex.
*Mawson South Nickel Project – It within proven highly prospective Fraser Range belt and located along strike and on the same gravity ridge as the Mawson Ni sulphide discovery
GreenTech Metals Limited raised $5,000,000 at $0.20 per share in its initial public offering (IPO). The Offer opens on 17 Nov 2021 and closes on 1 Dec 2021. The date for quotation on ASX is 4 Jan 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | GRE |
| Name | GreenTech Metals Limited |
| Website | https://greentechmetals.com/ |
| Share Registry | Computershare Investor Services Pty Limited |
| Underwriter | Not underwritten. CPS Capital Group Pty Ltd (Lead Manager). |
| Opening Date for the Offer: | 17 November 2021 |
| Closing Date for the Offer: | 1 December 2021 |
| Date for New Shares to commence trading on ASX | 4 January 2022 12:30 PM AEDT |
| Funds to be raised under the Public Offer (before costs) | $5,000,000 |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 13,500,000 |
| Shares to be issued under the Public Offer | 25,000,000 |
| Total Shares | 45,500,000 |
| Escrow | 13,210,000 Shares and 8,750,000 Options (a period of 24 months from quotation) |
| 4,715,001 Shares (a period of 12 months from the date of issue) |
Source: GreenTech Metals Limited prospectus