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

Chief Executive Officer

Kazimierz Chojna

Investor Relations – Poland

 

+44 207 478 3900

ir@greenxmetals.com

Kim Eckhof

Investor Relations – UK / Germany