How Will GreenTech’s $5.2M Raise Propel Munni Munni’s PGE-Cu-Ni Future?
GreenTech Metals has successfully raised $5.2 million through a placement to fund the acquisition and exploration of its Munni Munni PGE-Cu-Ni Project in Western Australia, bolstered by key board and technical appointments.
- Placement raised $5.2 million, exceeding initial $4 million target
- Funds to support drilling program targeting JORC 2012 Mineral Resource Estimate in early 2026
- Acquisition of up to 80% of Munni Munni Project triggered by placement completion
- Stefan Murphy appointed Non-Executive Director; Dr Kevin Frost joins as Technical Advisor
- Placement shares issued in two tranches, with shareholder approval pending for second tranche
Strong Capital Raise Signals Confidence
GreenTech Metals Limited (ASX, GRE) has successfully completed a $5.2 million placement, surpassing its initial $4 million target, to fund the acquisition and exploration of the Munni Munni Platinum Group Elements (PGE), Copper, and Nickel project in Western Australia. The strong demand from existing shareholders and new sophisticated and institutional investors underscores growing market interest in the company’s strategic position within the PGE sector.
The placement satisfies a key condition precedent for GreenTech to acquire up to 80% of the Munni Munni Project, a significant step that positions the company to advance exploration activities immediately. The funds will primarily support a planned drilling campaign, with 20 holes set to twin historic drill sites, aiming to deliver a JORC 2012 compliant Mineral Resource Estimate (MRE) by early 2026.
Strategic Board and Technical Appointments
In parallel with the capital raise, GreenTech has strengthened its leadership and technical expertise. Stefan Murphy, an experienced geologist and mining executive with over 20 years in exploration and project development, has joined the board as a Non-Executive Director. His background includes leading the development of major projects in the Pilbara region and expertise in mine-to-port logistics and capital markets.
Complementing this, Dr Kevin Frost, a highly regarded specialist in nickel-copper-PGE deposits credited with discovering Chalice Mining’s Gonneville deposit, has been appointed as Technical Advisor. Dr Frost’s extensive experience in structurally complex, high-grade mineralised systems adds significant technical depth as GreenTech advances the Munni Munni Project.
Project Potential in a Tier-1 Jurisdiction
The Munni Munni Project is one of Australia’s most significant PGE intrusions, hosting a large, laterally continuous reef rich in platinum, palladium, rhodium, and gold. Historical drilling and metallurgical work have confirmed strong grades within the Ferguson Reef, with mineralisation open along strike and at depth. The project benefits from its location in the Pilbara region, a tier-1 mining jurisdiction, and proximity to existing processing infrastructure.
GreenTech’s consolidation of a contiguous 346.4 km² tenure package offers a strategic opportunity for district-scale exploration, with modern geophysical techniques expected to unlock additional high-grade zones. The company’s immediate focus on drilling and resource definition aims to unlock value and attract further investment.
Placement Structure and Next Steps
The placement will be issued in two tranches, the first tranche is completed under existing placement capacities, while the second tranche, comprising up to 38.9 million shares, awaits shareholder approval at a general meeting scheduled for January 2026. CPS Capital Group acted as lead manager, receiving standard fees and options subject to approval.
Additionally, performance rights and advisory fees are proposed for directors, aligning management incentives with key milestones such as share price targets and the publication of the JORC Mineral Resource. The company’s timetable anticipates drilling commencement imminently, with resource estimation results expected early next year.
Bottom Line?
GreenTech’s successful raise and strengthened team set the stage for a pivotal drilling campaign that could redefine its resource profile and market standing.
Questions in the middle?
- Will the January shareholder meeting approve the second tranche and corporate options as planned?
- How will the upcoming drilling results impact the Mineral Resource Estimate and project valuation?
- What strategic partnerships or off-take agreements might GreenTech pursue following resource confirmation?
