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Green Technology Metals Limited (ASX:GT1)

ALERT: Price-sensitive ASX Announcement for GT1
Current share price for GT1 : $0.016 -0.014 (-46.67%)+
Announcement
Release
1 May 2026 9:48AM
Price at Release
$0.030
Full Release
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Summary
Green Technology Metals Limited (ASX: GT1) is undertaking a transformational recapitalisation to fund the Seymour Lithium Project towards a Final Investment Decision (FID). The company has announced a capital raising of A$11 million through a combination of a two-tranche share placement and a fully underwritten non-renounceable entitlement offer. This funding will support the completion of the Definitive Feasibility Study, permitting, approvals, and financing necessary to reach the FID. The Seymour Project, located in Ontario, Canada, is a strategic hard rock lithium asset with strong government support, poised to become Ontario's first lithium mine. GT1 aims to complete its DFS by early Q4 2026 and targets first ore by 2028. The company is also enhancing its board and management team with expertise in project development and financing. This recapitalisation aligns with the recovering lithium market and growing demand for electric vehicles, supported by Canadian government initiatives.
Key Points
  • Green Technology Metals Limited (ASX: GT1) is raising A$11 million to fund the Seymour Lithium Project.
  • The funding comprises a two-tranche share placement and a fully underwritten entitlement offer.
  • The capital raising will support the completion of the Definitive Feasibility Study (DFS) and reach a Final Investment Decision (FID).
  • The Seymour Project is positioned to become Ontario's first lithium mine with significant government support.
  • GT1 targets first ore by 2028 and is progressing through necessary permitting and approvals.
  • The company is strengthening its board and management with Canadian project development and financing experience.
  • The lithium market is recovering, making this an opportune time for the project advancement.
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.