Green Technology Metals (ASX: $GT1) Progress Update

Green Technology Metals Limited (ASX: $GT1) provides a progress update on its Canadian-focused multi-asset lithium business. The company announces the resignation of Chief Executive Officer Luke Cox, effective July 19, 2024. Mr. Cameron Henry, the company's Executive Director, will assume the duties being performed by Mr. Cox while preparing for a new incoming CEO. The company's Stage 1 development of Seymour is on track, with ongoing discussions for partnering processes and further investment by global leading EV companies in Ontario.

Executive Commentary on Ontario Strategy

GT1 strategically operates in Ontario, Canada, a region emerging as a global leader in the Critical Minerals sector. With abundant lithium resources, supportive government policies, and a complete end-to-end supply chain, Ontario offers unparalleled advantages for establishing chemical and conversion businesses. The company is committed to advancing the lithium potential in Ontario, tapping into the region's growth opportunities, and contributing to the flourishing Ontario critical minerals supply chain.

Summary of Progress and Outlook

Green Technology Metals (ASX: $GT1) is making significant progress in establishing a lithium supply chain in Ontario, Canada. The company's leadership changes and the seamless transition to a new CEO reflect its commitment to advancing the Seymour project and securing financing. With a focus on exploration and development, GT1 aims to capitalize on its strategic partnerships and explore potential downstream investments and new business opportunities. The optimized Preliminary Economic Assessment (PEA) for the Seymour project confirms its economic feasibility, and the company is exploring options for integrating open pit and underground mining. The Seymour Definitive Feasibility Study (DFS) is progressing as planned, with a focus on workstreams to support a positive final investment decision. GT1's finance and partnering strategy, along with its engagement with Indigenous partners, demonstrate its dedication to responsible and sustainable development. The company's outlook remains optimistic as it aims to establish the first chemicals and concentrates company in Ontario, contributing to the region's critical minerals supply chain.