GREEN TECHNOLOGY METALS (GT1) establishing itself as the first producer of lithium concentrates and chemicals in Ontario.
GREEN TECHNOLOGY METALS (GT1) establishing itself as the first producer of lithium concentrates and chemicals in Ontario.
Proceeds from the recent capital raise is intended to primarily be used to provide the company with funds to support its project development, this includes:
- Project development activities at Seymour including the Definitive Feasibility Study, Permitting and ongoing Indigenous Consultation
- The Lithium Conversion Facility Pre-Feasibility Study
- General working capital and costs of the Offer. Board of Directors Cameron Henry, John Young and Patrick Murphy are committing $450,000 in this entitlement offer.
The story so far…
- Green Technology Metals’ projects are strategically located on the doorstep of the North American Lithium supply chain, Ontario is ranked the world's lowest risk mining jurisdiction and the only place in the world that is home to 6 of the world's largest automakers. The Ontario Government is committed to building the Complete supply chain in Ontario with over C$45 billion committed to date to battery manufacturing and mining projects.
- GT1 is one of the most advanced explorers in the Ontario region, with a 3-stage development strategy to establish itself as the first producer of lithium concentrates and chemicals in Ontario. The company has forged industry-leading strategic partnerships with EcoPro Innovation and LG Energy Solution.
- In December 2024 GT1 secured a Letter of Interest from Export Development (Canada) for the potential to provide up to C$100m in project financing for the Seymour Project. EDC’s potential support highlights the Seymour Project’s significance to Canada’s critical minerals strategy In addition, the Company has also been awarded funding from Canada Minerals Infrastructure fund for road infrastructure to support the Seymour project
- Upcoming milestones for GT1 include the Root Project Mineral Resource update, Root Project Preliminary Economic Assessment (PEA), Seymour Definitive Feasibility Study (DFS), and the completion of the EcoPro Innovation joint venture.
- Green Technology is positioned to take advantage of the global lithium demand expected to grow rapidly over the next five years. Driven by the increasing adoption of electric vehicles (EVs) and energy storage solutions. The lithium market, valued at $9.2 billion in 2024, is projected to reach $16.8 billion by 2030, a (CAGR) of approximately 10.5% GlobeNewswire. With battery applications rising from 60% to 95% of total lithium use by 2030 underscoring the critical role of lithium-ion batteries in the clean energy transition Carbon Credits. However, supply shortages could emerge as early as 2025, raising concerns about meeting demand Sprott. Diversifying lithium production and investing in extraction infrastructure will be crucial to sustaining the growth of lithium-dependent industries.
- Managing Director – Cameron Henry, has over 20 years’ experience in managing and operating public companies within the mining industry spanning across a diverse array of commodities encompassing engagements in Australia, Indonesia, North America, and South America. Mr. Henry’s most significant role was serving as the founding Managing Director of Primero Group Limited, where his leadership propelled the company into becoming an industry leader in engineering and construction. Under his guidance, Primero Group Limited expanded its global presence and earned recognition as a top builder of lithium processing facilities worldwide. Mr. Henry’s wealth of experience and accomplishments in the mining industry become invaluable assets for the company’s success. His proven expertise in managing public companies and his specific achievements in lithium processing make him a key contributor to the company’s strategic goals and endeavours.
About the company
GREEN TECHNOLOGY METALS LIMITED (GT1) is an ASX-listed, North American-focused lithium exploration and development business with a current global Mineral Resource estimate of 24.9Mt at 1.13% Li2O.
The Company’s main 100% owned Ontario lithium projects comprise high-grade, hard rock spodumene assets (Seymour, Root and Junior) located on highly prospective Archean Greenstone tenure in north-west Ontario, Canada. All sites are proximate to excellent existing infrastructure (including clean hydro power generation and transmission facilities), readily accessible by road, and with nearby rail delivering transport optionality. Targeted exploration across all three projects delivers outstanding potential to grow resources rapidly and substantially.
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