Green Technology Metals Updates on $4 Million Entitlement Offer

Green Technology Metals Limited ( (AU:GT1) ) just unveiled an update.

Green Technology Metals Limited announced an update on its non-renounceable pro rata entitlement offer, aiming to raise approximately $4.0 million, with $3.0 million partially underwritten. The company has issued a significant portion of the new shares and attaching options, with plans to issue the remaining shares and options by the end of April 2025, which could impact its capital structure and market positioning.

More about Green Technology Metals Limited

Green Technology Metals Limited operates in the lithium industry, focusing on building a vertically integrated lithium business in Ontario, Canada. The company is involved in the production and development of lithium products, which are essential for battery manufacturing and the growing electric vehicle market.

YTD Price Performance: -42.86%

Average Trading Volume: 211,720

Technical Sentiment Signal: Buy

Current Market Cap: A$15.55M

For a thorough assessment of GT1 stock, go to TipRanks’ Stock Analysis page.