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Green Technology Metals
Company Highlights
- Portfolio of three highly prospective lithium projects located in Canada including an existing JORC Mineral Resource estimate at the Seymour Project of 4.8 Mt at 1.25% Li2O (2.1 Mt Indicated and 2.7 Mt Inferred).
- Phase 1 11-hole 3,500m drilling program at Seymour underway and due for completion in March 2022. Assay results for the first completed step-out hole have returned a thick and continuous intercept of 40m @ 1.54% Li2O (from 244m downhole), confirming the company’s geological modelling and drill targeting.
- A sustainability focused business with strong ESG credentials. Green Technology Metals is actively evaluating low-carbon energy solutions and is targeting access to the Hydro One hydro power interconnector, delivering responsibly sourced power to future development of its lithium assets.
- The company is led by a proven hard-rock lithium team with a successful track record of project delivery, including John Young (founder of Pilbara Minerals Limited, ASX:PLS, Mkt Cap A$6.2bn), Cameron Henry (founder of Primero Group Limited, EPC and Operations contractor to Piedmont’s North American Lithium Hydroxide Plant) and Patrick Murphy (Managing Director AMCI Group, a specialist natural resources group).
Overview
Lithium prices have surged in the new year as an earlier than expected supply shortage, combined with the well-established battery and electrification thematic, fuels robust global demand. With only one operating lithium mine in North America, the United States has recognised its looming domestic lithium supply problem. In response, the National Blueprint for Lithium Batteries was developed to supply the rapidly growing EV market, support long-term U.S. economic competitiveness and meet national security requirements.
Already home to Electrovaya’s 200MWh facility in Ontario, Canada is considered a cornerstone of the battery supply chain and an important partner to the US. In recognition of this, UK-based Britishvolt and locally based Stromvolt are planning new gigawatt-hour scale cell manufacturing facilities in Canada. Naturally, companies with lithium projects proximate to growing downstream infrastructure present an interesting opportunity for investors.
Green Technology Metals Limited (ASX:GT1) is a mineral exploration company that recently listed on the ASX and is focused on the sustainable development of a portfolio of high-grade lithium projects in Ontario, Canada. The company’s current exploration program is targeting rapid and substantial expansion of what is already a significant resource base. Targeted future development of its lithium projects is focused on utilisation of regional low-carbon power sources, most particularly significant hydro power options. Green Technology Metals is led by a premier Board and senior management team with a track record of successfully delivering sustainable hard-rock lithium projects around the world.
“We are perfectly located right in the beating heart of a growing North American battery ecosphere. You've got all of the downstream players nearby –– lithium converters and battery makers are popping up everywhere,” said Green Technology Metals CEO Luke Cox.
Company Highlights
- Portfolio of three highly prospective lithium projects located in Canada including an existing JORC Mineral Resource estimate at the Seymour Project of 4.8 Mt at 1.25% Li2O (2.1 Mt Indicated and 2.7 Mt Inferred).
- Phase 1 11-hole 3,500m drilling program at Seymour underway and due for completion in March 2022. Assay results for the first completed step-out hole have returned a thick and continuous intercept of 40m @ 1.54% Li2O (from 244m downhole), confirming the company’s geological modelling and drill targeting.
- A sustainability focused business with strong ESG credentials. Green Technology Metals is actively evaluating low-carbon energy solutions and is targeting access to the Hydro One hydro power interconnector, delivering responsibly sourced power to future development of its lithium assets.
- The company is led by a proven hard-rock lithium team with a successful track record of project delivery, including John Young (founder of Pilbara Minerals Limited, ASX:PLS, Mkt Cap A$6.2bn), Cameron Henry (founder of Primero Group Limited, EPC and Operations contractor to Piedmont’s North American Lithium Hydroxide Plant) and Patrick Murphy (Managing Director AMCI Group, a specialist natural resources group).
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