How to buy shares in Mining Green Metals

Want to start buying MG1 shares but not sure how? Follow the steps below to invest in Green Metals Mining on the ASX.

1. Find a stock trading platform

To buy shares listed in Australia, you'll need to sign up with an investment platform that has access to the ASX. There are a number of share trading platforms in Australia, of which Stake is one.

2. Fund your account

Complete an application with your personal and financial details. Fund your trading account with a bank transfer, debit card or even Apple/Google pay.

3. Search for Mining Green Metals ($MG1)

Find the share by company name or ticker symbol: $MG1. Do your own research to ensure it is the right investment product for your own circumstances. Consider seeking financial, legal and taxation advice before investing.

4. Choose an order type and buy MG1 stock

Buy on any trading day with a market order or use a limit order to delay your purchase of MG1 shares until it reaches your desired stock price. Look into dollar cost averaging to consider spreading out your risk, which smooths out buying at consistent intervals.

5. Monitor your investment

Optimise your portfolio by tracking how your stock and the business perform. You may be eligible for dividends and shareholder voting rights that affect your stock.

Mining Green Metals overview

Mining Green Metals ($MG1) is a mining company focused on exploring and developing its portfolio of projects in Western Australia (WA). They have the option to acquire interests in three projects.

Green Metals has an agreement with Australian Vanadium ($AVL) to take over two assets. Initial studies at the Coates Project have indicated that copper, nickel, vanadium and platinum group elements (PGE) could be contained in the soils. It’s only 60 km east of Perth and about 20 km from Chalice Mining’s ($CHN) Julimar Project for nickel, copper and PGEs. 

The second is the Nowthanna Hill Project, which is located 47 km southeast of mining town Meekatharra. Vanadium and uranium minerals have been found at this site. However, the team could face challenges to get Nowthanna into production because new uranium mining is not currently permitted in WA. 

Green Metals could first acquire the Lake Johnston Project from Bryah Resources ($BYH). It’s close to the Mount Holland Lithium Mine and Poseidon Nickel’s ($POS) projects. There’s been limited recent work here, but it’s expected that the lithium and nickel minerals extend to Green Metal’s landholdings.

The company plans to use funds from the IPO to now exercise the options on these three assets. Mining Green Metals is now available to trade on Stake under the ticker MG1. 

Mining Green Metals (MG1) IPO details

Mining Green Metals has filed its prospectus with the Australian Securities and Investments Commission (ASIC) in order to be listed on the ASX using the ticker symbol MG1. 

Read more in the Mining Green Metals prospectus and supplementary prospectus.

You can take a look at the top shareholders in MG1 in this document.

If you're considering investing in the Mining Green Metals listing or other upcoming IPOs, sign up today.

This does not constitute financial advice nor a recommendation to invest in the securities listed. The information presented is intended to be of a factual nature only. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing.

Megan Stals

Market Analyst

Megan is a markets analyst at Stake, with 7 years of experience in the world of investing and a Master’s degree in Business and Economics from The University of Sydney Business School. Megan has extensive knowledge of the UK markets, working as an analyst at ARCH Emerging Markets - a UK investment advisory platform focused on private equity. Previously she also worked as an analyst at Australian robo advisor Stockspot, where she researched ASX listed equities and helped construct the company's portfolios.