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Green Technology Metals Limited (ASX:GT1)

ALERT: Price-sensitive ASX Announcement for GT1
Current share price for GT1 : $0.018 -0.027 (-60%)+
Announcement
Release
1 Dec 2025 8:33AM
Price at Release
$0.045
Full Release
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Summary
Green Technology Metals Limited (GT1) announced the appointment of Altris Engineering to lead the completion of the Definitive Feasibility Study (DFS) for the Seymour Lithium Project in Ontario, Canada. This strategic move aligns with GT1’s cash-conservation approach and is supported by a $4.5 million capital raise. The appointment leverages Altris Engineering's extensive experience in Canadian mining feasibility studies to optimize project design and execution. Critical workstreams are advancing, including permitting and Indigenous consultation, ahead of a planned DFS ramp-up in Q1 2026. Altris will focus on optimizing site layout and water management, aiming for a positive Final Investment Decision by mid-2026. GT1 is strategically positioned to become Ontario's first lithium producer by leveraging existing infrastructure and support from Export Development Canada, while reducing costs and environmental impact through optimized project configurations.
Key Points
  • Altris Engineering appointed to optimize and lead the Seymour Lithium Project Definitive Feasibility Study (DFS).
  • The appointment is part of GT1’s disciplined cash-conservation strategy, supported by a $4.5 million capital raise.
  • Critical DFS workstreams progressing with permitting, Indigenous consultation, and optimization of layout and water storage.
  • Full DFS ramp-up planned for Q1 2026 with a positive Final Investment Decision targeted for mid-2026.
  • Altris Engineering brings extensive Canadian mining feasibility study experience to the project.
  • GT1 aims to become Ontario’s first lithium producer, leveraging established infrastructure and existing all-weather road access.
  • DFS design improvements include optimized water management and infrastructure re-evaluation, reducing costs and environmental footprint.
  • The project benefits from strong existing infrastructure, reducing development capex and supporting faster construction mobilization.
  • Financial support includes a conditional Letter of Interest from Export Development Canada for up to C$100 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.