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Green Technology Metals Limited (ASX:GT1)

ALERT: Price-sensitive ASX Announcement for GT1
Current share price for GT1 : $0.016 -0.007 (-30.43%)+
Announcement
Release
5 May 2026 8:14AM
Price at Release
$0.023
Full Release
download
Summary
The prospectus for Green Technology Metals Limited details their plan to raise funds through an Entitlement Offer and Placement. The Company aims to raise approximately $11 million to finance the Seymour Lithium Project, pay creditors, and cover working capital. Key financial statements are presented, showing the pro forma financial position post-raise. The document outlines dilution risks for shareholders not participating in the offer and details the directors' interests and remuneration. The prospectus highlights the Company's reliance on future financing and underscores the risks associated with the investment.
Key Points
  • Green Technology Metals Limited is conducting an Entitlement Offer and Placement.
  • Approximately $11 million is anticipated to be raised.
  • Funds are aimed at supporting the Seymour Lithium Project and covering company costs.
  • Potential dilution effects on shareholders not participating in the offer are outlined.
  • Directors' interests and remuneration are detailed.
  • Company emphasizes risks and future financing needs.
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.