An update from Green Technology Metals Limited ( (AU:GT1) ) is now available.
Green Technology Metals Limited has optimized its Preliminary Economic Assessment (PEA) for the Root Lithium Project in Ontario, Canada, highlighting robust economics and a viable standalone project. The updated PEA indicates an increase in Net Present Value (NPV) to US$668 million, a reduction in pre-production capital expenditure, and improved mining costs due to underground development. The project is expected to provide long-term feed for the company’s lithium conversion facility, with immediate focus on advancing permitting and consultation activities alongside a Pre-Feasibility Study.
More about Green Technology Metals Limited
Green Technology Metals Limited (ASX: GT1) is a Canadian-focused multi-asset lithium business aiming to establish a leading vertically integrated lithium operation in Ontario, Canada. The company is involved in developing lithium projects, including the Root Lithium Project, to support its planned lithium conversion facility in Thunder Bay.
YTD Price Performance: -50.0%
Average Trading Volume: 178,890
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$14M
See more insights into GT1 stock on TipRanks’ Stock Analysis page.