
January 12, 2023
On 26 September 2022, Greenwing Resources Ltd (Greenwing or the Company) (ASX: GW1) announced that it had entered into a strategic funding transaction with NIO Inc. (through its wholly owned subsidiary, Blue Northstar Limited) (NIO).
Greenwing is pleased to announce that it has completed the placement of 21,818,182 fully paid ordinary shares to NIO for in aggregate A$12,000,000. Greenwing has also granted a call option to NIO to acquire, at NIO’s election, between 20% to 40% of the issued capital of Andes Litio SA, which holds options rights over the San Jorge Lithium Project.
As at completion, NIO holds a shareholding of 14.7% based on the Company’s current issued capital.
NIO’s nominee Mr Alan Zeng has been appointed to the Greenwing board of directors effective as from today.
The strategic transaction with NIO, including the appointment of Mr Zeng, was approved at the general meeting of Greenwing shareholders held on 19 December 2022.
ABOUT GREENWING RESOURCES
Greenwing Resources Limited (ASX:GW1) is an Australian-based critical minerals exploration and development company committed to sourcing metals and minerals required for a cleaner future. With lithium and graphite projects across Madagascar and Argentina, Greenwing plans to supply electrification markets, while researching and developing advanced materials and products.
Forward looking statements
This announcement contains certain forward-looking statements within the meaning of the securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as ‘may’, ‘should’, ‘expect’, ‘anticipate’, ‘estimate’, ‘scheduled’ or ‘continue’ or the negative version of them or comparable technology.
Any forecasts or other forward-looking statements contained in this announcement are subject to known and unknown risks and uncertainties and may involve significant elements of subjective judgment and assumptions as to future events which may or may not be correct. There are usually differences between forecast and actual results because events and actual circumstances frequently do not occur as forecast and these differences may be material.
Greenwing does not give any representation, assurance, or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this announcement will occur and you are cautioned not to place undue reliance on forward-looking statements. The information in this document does not take into account the objectives, financial situation, or particular needs of any person. Nothing contained in this document constitutes investment, legal, tax or other advice.
Important information
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal. The securities referred to in this document have not been and will not be registered under the United States Securities Act of 1933 (the ‘US Securities Act’), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, within the United States, unless the securities have been registered under the US Securities Act or an exemption from the registration requirements of the US Securities Act is available.
This document may not be distributed or released in the United States.
Click here for the full ASX Release
This article includes content from Greenwing Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
GW1:AU
The Conversation (0)
24 October
PMET Releases Lithium-Only Feasibility Study for Shaakichiuwaanaan in Québec
PMET Resources (ASX:PMT, TSX:PMET,OTCQX:PMETF) has completed a lithium-only feasibility study on the CV5 deposit of its Shaakichiuwaanaan lithium project in Northern Québec. The company said the feasibility study confirms the project is a large-scale and long-life operation, with CV5’s probable... Keep Reading...
22 October
Lithium Market Update: Q3 2025 in Review
Volatility punctuated the global lithium market during the third quarter of 2025, with prices, supply/demand dynamics and geopolitics converging to reshape the landscape. After slipping to a four year low at the end of June, benchmark lithium carbonate prices rallied through July to reach an 11... Keep Reading...
22 October
Argentina Lithium & Energy Corp. Announces Initial Mineral Resource Estimate at the Rincon West Lithium Project
TSX Venture Exchange (TSX-V): LITFrankfurt Stock Exchange (FSE): OAY3OTCQX Venture Market: LILIF Argentina Lithium & Energy Corp. (TSX-V: LIT, FSE: OAY3, OTCQX: LILIF), ("Argentina Lithium" or the "Company") is pleased to announce the results of the first Mineral Resource estimate ("MRE") for... Keep Reading...
21 October
Vertical Integration: The New Lithium Supply Chain Dynamic and What it Means for Investors
When the US government announced it would take a 5 percent equity stake in Vancouver-based Lithium Americas (TSX:LAC,NYSE:LAC), the move underscored a seismic shift underway in the lithium industry. This significant federal backing, tied to the company’s massive Thacker Pass project in Nevada... Keep Reading...
17 October
Successful A$4.5M Placement to Accelerate Battery, REE and Solar Panel Recycling Growth
Livium Ltd (ASX: LIT) (“Livium” or the “Company”) is pleased to announce it has received firm commitments from new and existing, institutional and sophisticated investors to raise $4.5m (“Placement”) before costs. HighlightsFirm commitments of A$4.5m received from institutional and sophisticated... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00





