Green Technology Metals Raises A$4.5M via Two-Tranche Placement at A$0.028

Capital Raise to Advance Lithium Development

Green Technology Metals Limited (ASX, GT1) has announced a successful capital raise of approximately A$4.5 million through a two-tranche placement of new shares. The placement, priced at A$0.028 per share, attracted firm commitments from both new and existing institutional and sophisticated investors, signaling strong market confidence in the company’s lithium assets in Ontario, Canada.

The funds raised will primarily support the advancement of the Seymour Lithium Project, including the completion of the Definitive Feasibility Study (DFS) and ongoing project development activities. This strategic injection of capital is a critical step for GT1 as it seeks to solidify its vertically integrated lithium business in a region increasingly important to global battery supply chains.

Placement Structure and Shareholder Engagement

The placement is structured in two tranches, the first tranche will raise approximately A$3.3 million through the issue of nearly 119 million new shares, utilizing the company’s existing placement capacity under ASX Listing Rules. The second tranche, expected to raise about A$1.2 million, is contingent upon shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for late November 2025.

Notably, the company’s directors have committed to participate in the placement to the tune of approximately A$400,000, subject to shareholder approval. This insider participation often serves as a positive signal to the market, reflecting management’s confidence in the company’s prospects.

Strategic Use of Proceeds and Market Positioning

Proceeds from the placement will be directed towards advancing key milestones at the Seymour Project, including permitting, approvals, and further development of the Lithium Hydroxide Converter Pre-Feasibility Study (PFS). These activities are essential to positioning GT1 for near-term operational progress and long-term value creation for shareholders.

Green Technology Metals’ portfolio includes high-grade spodumene assets and exploration claims across Ontario, with a combined global mineral resource estimate of 30.4 million tonnes at 1.17% lithium oxide. The company benefits from proximity to robust infrastructure, including clean hydroelectric power and transport options, which enhances its development potential.

Market and Regulatory Considerations

Joint Lead Managers Canaccord Genuity and Foster Stockbroking will receive a 6% cash fee and options exercisable at a 50% premium to the placement price, subject to shareholder approval. The company has confirmed that there are no material changes to previously announced mineral resource estimates, maintaining transparency and consistency in its reporting.

While the capital raise strengthens GT1’s financial position, the finalisation of the second tranche depends on shareholder approval, introducing some uncertainty regarding the timing and full availability of funds. Investors will be watching closely for AGM outcomes and subsequent updates on project progress.