What did GreenX Metals report?

• Secured two new exploration licences, growing Eleonore North Project tenure to approximately 2,100 km²
• Multiple intrusion-related gold targets identified, with historical assays up to 50 grams per tonne gold
• Stream sediment sampling revealed anomalous gold, silver, tungsten, and arsenic
• Extensive tungsten mineralisation confirmed, designated a critical mineral by the US and EU
• Reconnaissance sampling and mapping of key targets completed, with results due in the coming months

What else do investors need to know?

GreenX's new licences secure exclusive rights over a suite of Caledonian intrusions in Greenland, which have never been tested by the reduced intrusion-related gold system (RIRGS) model. Historic exploration in the 1970s and 1980s revealed strong gold and tungsten potential, but recommended detailed follow-up was never undertaken.

Beyond gold, the project also targets tungsten—a material critical for defence, aerospace and high-strength applications. Recent Chinese export controls on tungsten have highlighted the importance of alternative supply sources, giving increased strategic significance to the project.

What did GreenX Metals management say?

GreenX CEO, Mr Ben Stoikovich, commented:

Securing 1,600 km² of new gold and critical minerals tenure takes our Eleonore North portfolio to approximately 2,100 km² across four licences and gives us exclusive rights to a suite of Caledonian intrusions that have never been tested against the reduced intrusion-related gold model. Documented gold and scheelite anomalism have sat in the public record here since the 1980s without follow-up. We have teams on the ground testing these intrusions this season, with a clear and disciplined program of work through 202.

What's next for GreenX Metals?

Field sampling and mapping activities for 2026 are now complete, with laboratory results expected this quarter. These results will help guide GreenX's next steps in evaluating the gold and tungsten potential of both the new and existing licences at Eleonore North.

GreenX is aiming to define new exploration targets and move towards more detailed programs. The company also plans to assess metallurgical testwork and further evaluate the broader mineral corridor, which extends through other company-controlled licences in the region.

GreenX Metals share price snapshot

Over the past 12 months, GreenX Metals shares have risen 14%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 2% over the same period.

View Original Announcement

The post GreenX Metals expands Greenland gold and critical minerals portfolio appeared first on The Motley Fool Australia.

What did GreenX Metals report?

• Announced an Exploration Target at Tannenberg: 144 to 279 million tonnes at 0.9% to 1.4% copper and 15 to 21 g/t silver, equating to 1.3–3.9 Mt copper and 69–188 Moz silver (conceptual).
• Completed early-stage mineralogy and processing study confirming Tannenberg mineralisation is amenable to conventional flotation, similar to major Polish Kupferschiefer mines.
• Ongoing fieldwork at Eleonore North (Greenland), targeting gold, tungsten, and antimony, with new high-priority targets identified using modern hyperspectral imaging.
• Singapore International Commercial Court rejected Poland's application to set aside a ~$480 million compensation award to GreenX, reaffirming the company's rights under the Energy Charter Treaty.
• Closed the June quarter with cash and equivalents of $13.4 million, reporting $685,000 spent on exploration during the quarter.

What else do investors need to know?

GreenX's key development during the quarter was the Tannenberg exploration target, which demonstrates the project's large copper-silver potential using modern geological understanding. Independent studies suggest that the Tannenberg mineralisation is well suited to established processing routes, while new technologies may improve future recoveries.

At Eleonore North, in Greenland, a range of modern exploration tools are being applied. Fieldwork this season is focused on confirming drill targets for tungsten, antimony, and gold, and bulk sampling is underway to support preliminary metallurgical test work.

Legal proceedings relating to compensation from the Polish government are progressing, with the Singapore court siding with GreenX. Interest on the award continues to accrue while further legal action is under review in UK courts.

What did GreenX Metals management say?

Chief Executive Officer Ben Stoikovich said:

Our team is excited by the scale and quality of the Tannenberg Exploration Target, which puts GreenX in a strong position as we move into active exploration. The mineralogy and processing results give us confidence that Tannenberg could follow the successful path of similar European copper mines.

What's next for GreenX Metals?

GreenX plans to move from archive data analysis to on-ground exploration at Tannenberg, including scoping-level metallurgical studies, seismic surveying, and an initial drill program expected later this year. At Eleonore North, bulk sample analysis and assay results are anticipated in the coming months, guiding future drilling plans.

The company also continues to defend its legal awards regarding compensation in relation to its Polish investments and will keep the market updated on progress and outcomes.

GreenX Metals share price snapshot

Over the past 12 months, GreenX Metals has risen 17%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1%.

View Original Announcement

The post GreenX Metals announces major copper exploration target in June 2026 quarter appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Everest Metals Corporation Ltd (ASX: EMC)

The Everest Metals share price is down a massive 32% to 23 cents. Investors have been hitting the sell button amid disappointing results in the company's search for lithium. While Everest Metals uncovered high-grade rubidium, this isn't what the market was betting on.

Global Lithium Resources Ltd (ASX: GL1)

The Global Lithium share price is down 5% to $1.65. This morning, Global Lithium revealed that it has found a bedrock (hard rock) rare earth elements (REE) hosting mineralised system adjacent to the Manna Lithium Project. It will be named the Cardunia Rocks REE Project. Investors appear concerned that this could be a distraction.

GreenX Metals Ltd (ASX: GRX)

The GreenX share price is down 15% to 84.5 cents. This follows news that the Greenland-based copper and gold exploration company has raised $4.2 million at a discount of 80 cents per share. The proceeds will be used to ensure that GreenX retains a strong balance sheet position.

QBE Insurance Group Ltd (ASX: QBE)

The QBE share price is down 2.5% to $15.05. This is despite there being no news out of the insurance giant on Thursday. The decline could be due to US inflation coming in softer than expected, which has sparked hopes that interest rates won't have to rise as much as feared. This could be seen as a negative for QBE, which benefits when bond yields rise.

The post Why Everest Metals, Global Lithium, GreenX, and QBE shares are falling today appeared first on The Motley Fool Australia.

In fact, two of the ASX miners more than doubled their share prices over the month. And the other came within a whisker of that same milestone.

Which ASX mining shares are we talking about?

Read on.

This ASX mining share gained 96% in November

The GreenX Metals Ltd (ASX: GRX) share price leapt 96.3% from the closing bell on 31 October through to the finish of trade of 30 November.

The junior ASX mining share is primarily focused on copper. Its biggest project is the Arctic Rift Copper Project, located in Greenland.

Promising early news from this project likely led to a spike in investor interest in the stock.

On 9 November, GreenX Metals reported "highly encouraging results" from its initial Arc site visit. High-grade copper and silver samples were both announced.

Project leader Jonathan Bell said, "The ease with which the historically reported mineralisation was identified in the field bodes well in terms of forward work programs to locate and map stratabound mineralisation that may have bulk tonnage potential."

Also boosting the ASX mining share on the last day of November was the announcement that it had completed the arbitration hearing over its claims against Poland.

As my Foolish colleague Bronwyn reported on the day:

GreenX Metals is seeking damages of up to $1.3 billion in lost profits and damages arising from government actions that prevented the company from developing its Jan Karski and Debiensko projects… It's now a matter of waiting for the Arbitral Tribunal to render a decision in the case.

The second-best share price performer in November

The second-best ASX mining share to have held in your portfolio in November was Southern Cross Gold Ltd (ASX: SXG), which leapt 132.4% over the month.

The Southern Cross Gold share price trended higher throughout the month. And the ASX gold share got another big lift on 21 November when the company reported "another spectacularly wide intersection of gold-antimony mineralisation" at its 100%-owned Sunday Creek Project, located in Victoria.

Commenting on the results that included multiple visible gold intersections, Southern Cross Gold's managing director Michael Hudson said:

With only 67% of the hole assayed so far, yet with more than 300 metres of mineralisation already identified, and 270 metres of core left to process, understandably we are extremely impressed how Sunday Creek continues to deliver.

Which brings us to…

The best-performing ASX mining share in November

The winner by a nose is Winsome Resources Ltd (ASX: WR1), with the share price closing up 134.0% in November.

The lithium explorer listed on the ASX just over a year ago, on 30 November 2021, with November 2022 marking its strongest month to date.

Winsome Resources has been a clear beneficiary of the lithium fever that's gripped markets amid an increasing global push towards electrification.

Investor interest in the ASX mining share surged on 28 October. That came on news that Winsome had identified "significant pegmatite intercepts" at its Adina and Cancet lithium projects, located in Canada.

The company continued to release more promising results from its exploratory drilling campaign in the early days of November.

And the ASX mining share got yet another big boost after announcing a $6.8 million capital raise at $1.67 per share. That was 54% higher than the Winsome Resources share price on the day of the announcement.

The post The ASX 200 gained 6% in November. Here's how these 3 ASX mining shares smashed those returns appeared first on The Motley Fool Australia.

GreenX Metals is engaged in the exploration and development of critical minerals resources projects. Its biggest focus is the Arctic Rift Copper (ARC) Project in Greenland.

The GreenX Metals share price is currently 49 cents, up 31% on yesterday's close.

But in earlier trading, the ASX copper share hit an intraday and 52-week high of 55 cents, up 48.6%.

Why is this ASX copper share on fire today?

It's not what happened today but what happened yesterday that is likely pushing GreenX Metals higher.

The company announced the completion of its arbitration hearing regarding its claims against the Republic of Poland.

It's now a matter of waiting for the Arbitral Tribunal to render a decision in the case.

What's the legal case against Poland all about?

GreenX Metals is seeking damages of up to $1.3 billion in lost profits and damages arising from government actions that prevented the company from developing its Jan Karski and Debiensko projects.

According to GreenX Metals:

GreenX's dispute alleges that the Republic of Poland has breached its obligations under the applicable Treaties through its actions to block the development of the Company's Jan Karski and Debiensko projects in Poland which effectively deprived GreenX of the entire value of its investments in Poland.

GreenX's investment dispute with the Republic of Poland is not unique, with international media widely reporting that the political environment and investment climate in Poland has deteriorated since the change in Government in 2015. As a result, there are a significant number of International Arbitration claims being bought against Poland.

GreenX Metals has made the claims under the Energy Charter Treaty (ECT) and the Australia-Poland Bilateral Investment Treaty (BIT).

GreenX Metals share price snapshot

With a market capitalisation of $94 million, GreenX Metals is a micro-cap among the ASX copper shares.

The GreenX Metals share price is up 111% in 2022. The company is part of the S&P/ASX 200 Materials Index (ASX: XMJ) which is up 3.5% this year.

This compares to a 6% dip in the S&P/ASX All Ordinaries Index (ASX: XAO) over the same period.

According to its website, GreenX Metals says: "Simply, there is no decarbonisation without copper …".

The post Guess which ASX copper share is rocketing 49% on Wednesday? appeared first on The Motley Fool Australia.

Here's why these shares are smashing the market today:

GreenX Metals Ltd (ASX: GRX)

The GreenX Metals share price is up 38% to 49.5 cents. This is despite there being no news out of the mineral exploration company today. However, it is worth noting that yesterday the company revealed that the hearing for the international arbitration claims against the Republic of Poland has now completed. GreenX Metals is seeking damages of up to $1.3 billion. These have been claimed in relation to the assessed value of GreenX's lost profits and damages from both the Jan Karski and Debiensko projects.

Stavely Minerals Ltd (ASX: SVY)

The Stavely Minerals share price is up almost 22% to 22.5 cents. Investors have been buying this mineral exploration company's shares since the release of a drilling update on Tuesday. That update revealed that a significant new porphyry target has been established immediately south-east of the Cayley Lode deposit following a recent review of data and drill core. Stavely Minerals is now planning to drill a wide-spaced panel of six diamond drill-holes to extend the Cayley Lode down-plunge. This is with the objective of confirming further high-grade copper-gold mineralisation hosted by the causative porphyry.

Southern Cross Gold Ltd (ASX: SXG)

The Southern Cross Gold share price is up 21% to 85.2 cents on no news. In fact, there hasn't been any news out of this gold explorer for over a week. However, that previous announcement revealed that the company has raised $16 million to fund the exploration of the Sunday Creek project in Victoria. This follows the recent "spectacularly wide intersection of gold-antimony mineralisation grading." Investors appear excited about what may lay ahead for Southern Cross Gold.

The post 3 ASX mining shares leaping over 20% on Wednesday appeared first on The Motley Fool Australia.