Green Technology Metals Raises $3.46 Million in Entitlement Offer

Green Technology Metals Limited ( (AU:GT1) ) has issued an announcement.

Green Technology Metals Limited announced the closure of its 1 for 3.85 non-renounceable pro rata entitlement offer, raising approximately $3.46 million before costs, with a shortfall of $582,313. The funds will be used for the Thunder Bay lithium conversion facility’s pre-feasibility study, preparation of a definitive feasibility study, and ongoing work at the Seymour Lithium Project. The offer was partially underwritten, with support from company directors and institutional investors, highlighting confidence in the company’s strategic initiatives and potential growth in the lithium market.

More about Green Technology Metals Limited

Green Technology Metals Limited is a company focused on building a vertically integrated lithium business in Ontario, Canada. The company operates in the green technology sector, primarily dealing with lithium products and services, which are crucial for the growing electric vehicle and renewable energy markets.

YTD Price Performance: -42.86%

Average Trading Volume: 194,121

Technical Sentiment Signal: Buy

Current Market Cap: A$14.77M

See more data about GT1 stock on TipRanks’ Stock Analysis page.