• Successful completion of A$13.6 million placement of 16 million new shares at A$0.85 per share
• Funds to be used for exploration and development activities at Tannenberg Copper Project and Eleonore North Gold and Antimony Project
• Strengthened balance sheet to allow for more targeted exploration programs

GreenX Metals Limited (ASX:GRX, LSE:GRX, GPW:GRX, Germany-FSE:A3C9JR) has announced the successful completion of a A$13.6 million placement of 16 million new ordinary shares at a price of A$0.85 (£0.43) per share. The placement was supported by existing investors and new institutional investors, with SCP Resource Finance LP assisting in the process. The net proceeds from the placement will be used for exploration and development activities at the company's Tannenberg Copper Project in Germany and the Eleonore North Gold and Antimony Project in Greenland, as well as general working capital, including costs related to the company's ongoing arbitration proceedings against Poland. The placement is expected to settle on 4 February 2026, with the new shares to be issued on or about 5 February 2026 under the company's existing capacity pursuant to ASX Listing Rule 7.1A. GreenX's CEO, Ben Stoikovich, commented that the company is delighted with the continued support from existing shareholders and new institutional investors, particularly from North America and Europe, including Germany and Switzerland. The strengthened balance sheet will allow GreenX to initiate and progress with more targeted exploration programs at Tannenberg and Eleonore North.