Green Technology Metals Launches AU$4 Million Capital Raise

Highlights:

• Green Technology Metals (ASX: GT1) launches a AU$4 million Entitlement Offer, with AU$3 million underwritten by Canaccord Genuity and Bell Potter Securities.
• Funds will support the Seymour Project’s Definitive Feasibility Study, permitting, indigenous consultation, and the Lithium Conversion Facility Pre-Feasibility Study.
• Eligible shareholders can participate on a pro-rata basis (1 new share for every 3.85 shares held), with the offer closing on April 15, 2025, and new shares expected to be listed by April 28, 2025.

Entitlement Offer to Strengthen Growth Plans

Green Technology Metals (ASX: GT1) has initiated a non-renounceable, partially underwritten Entitlement Offer to secure up to AU$4 million, priced at AU$0.04 per share. The offer is backed by Canaccord Genuity and Bell Potter Securities, with AU$3 million underwritten, ensuring substantial financial support. Company directors and institutional investors have also shown commitment, reinforcing confidence in GT1’s strategic vision.

Fund Allocation for Key Projects

The raised capital will primarily be directed towards advancing the Seymour Project’s Definitive Feasibility Study (DFS), along with permitting processes, indigenous consultations, and the Lithium Conversion Facility Pre-Feasibility Study. These initiatives are critical for GT1’s progress in the North American lithium sector.

Shareholder Participation and Key Dates

Eligible shareholders can participate in the offer on a pro-rata basis of 1 new share for every 3.85 shares held, with an option to apply for additional shares beyond their entitlement. At the time of writing, GT1’s lithium projects in Ontario hold a combined resource of 24.9Mt at 1.13% Li₂O, positioning the company as a significant player in the market.

The offer is set to close on April 15, 2025, with new shares expected to be listed by April 28, 2025. GT1’s strategic focus on lithium development aligns with the increasing demand for battery metals, making this capital raise a pivotal step in its growth trajectory.

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