Greentech Minerals Ltd is in the business of development, mining, physical processing and marketing of high purity quartz (SiO2) feedstock (HPQF) from its deposits near Mount Isa, northwest Queensland. It is set to list on the Australian Securities Exchange (ASX).
Greentech Minerals Ltd has 1 project – May Downs HPQ Project.
*May Downs HPQ Project – Project is within the tenements ML100124, EPM 19373, 25894, 26051, and 27457 in QLD. The main objective is exploring for hard rock quartz deposits suitable as an exportable raw feedstock to the High Purity Quartz (HPQ) sand and powder process industry globally. It has a combined Measured and Indicated Mineral Resources totaling 388kt of quartz with the 2012 JORC Code. The tenure group is also prospective for copper, gold, vanadium, titanium, phosphate, and rare earth elements.
Greentech Minerals Ltd was looking to raise up to $7 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 26 Oct 2022 and closes on 25 Nov 2022. The expected date for quotation on ASX is 7 Dec 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | GTM |
| Name | Greentech Minerals Ltd |
| Website | https://greentechminerals.com.au |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Novus Capital Limited (Lead Manager) |
| Opening Date for the Public Offer: | 26 October 2022 |
| Closing Date for the Public Offer: | 25 November 2022 |
| Expected date for New Shares to commence trading on ASX | 7 December 2022 |
| Funds to be raised under the Public Offer (before costs) | $7,000,000 (Max) |
| Offer price per share | $0.20 |
| Shares on issue at the Prospectus Date | 124,592,569 |
| Shares to be issued under the Public Offer | 25,000,000 |
| Total Shares (undiluted) | 151,692,569 |
| Escrow (estimated) | up to 98,600,169 share (voluntarily escrowed) Unknown (a period of 12 months from issue) |
Source: Greentech Minerals Ltd prospectus, official website.