• Equity raising completed via placement at $0.042 per share
• Strong support from existing major shareholders
• Managing Director and directors participate in the raising

Greenwing Resources Ltd (ASX:GW1) has announced the completion of a $5.5 million equity raising. The raising was conducted via a placement of ordinary shares to professional and sophisticated investors, including $2 million from a conditional placement subject to shareholder approval. The offer price of $0.042 per share represents a 16.9% discount to the 15-day volume weighted average price. Existing major shareholders provided strong support for the raising, and the Managing Director and other directors participated for a total of $200,000. The proceeds will be used to advance the company's projects, including the San Jorge lithium brine project, the Que River polymetallic project, and the Graphmada graphite mining complex, as well as for general working capital purposes. The placement shares are expected to be issued on 10 March 2026, with shareholder approval required for the conditional placement and the issue of free-attaching options. An indicative timetable has been provided, with a shareholder meeting scheduled for mid-April 2026.

With the successful equity raising, Greenwing Resources is now well-funded to execute its work program across its portfolio of critical minerals projects, which has the potential to add considerable value over the next 12 months.