Green Technology Metals (GT1) H1 2025 earnings summary

Executive summary

• Focused on advancing lithium exploration and development in Ontario, Canada, with key milestones in permitting, Indigenous consultation, project financing, and strategic partnerships.

• Secured a strategic partnership with EcoPro Innovation, a global EV battery materials leader, and received a Letter of Interest from Export Development Canada for up to C$100 million in project financing.

• Completed drilling campaigns at Seymour, Root, and Junior projects, meeting Canadian Flow-Through scheme requirements, with significant exploration success and future expenditure expected to decrease.

• Implemented a capital conservation plan in response to market conditions to ensure financial efficiency while advancing key projects.

Financial highlights

• Net loss after tax for the half-year ended 31 December 2024 was $1,162,388, a significant improvement from a $3,967,174 loss in the prior year.

• Revenue for the period included $109,178 in interest income and $2,782,360 in flow-through premium income.

• Cash and cash equivalents at period end were $5,366,420, down from $6,407,949 at 30 June 2024.

• Net cash outflows from operating activities were $2,937,403 and from investing activities $5,956,440.

• Equity raised during the period totaled $8,000,000, with share issue costs of $35,363.

Outlook and guidance

• Expenditure is expected to decrease significantly in the next reporting period following completion of major drilling campaigns.

• Ongoing focus on advancing permitting, Indigenous engagement, and project financing for Seymour and Root projects.

• Continued pursuit of government and international funding for the proposed Lithium Conversion Facility.