Green Technology Metals (GT1) H2 2026 earnings summary

Executive summary

• Advanced Seymour and Root lithium projects in Ontario, Canada, with Seymour moving toward a Final Investment Decision (FID) and Root in advanced exploration and permitting phases.

• Achieved a major technical milestone by producing battery-grade lithium hydroxide monohydrate from Seymour concentrate with recoveries above 94% in partnership with EcoPro Innovation.

• Completed a significant A$11.0 million recapitalisation, strengthening the financial position and enabling progress on key milestones.

• Identified a maiden rubidium resource at Seymour, positioning it as a globally significant rubidium-bearing lithium project and opening a potential new revenue stream.

• Received strong government support, including conditional approval for up to C$5.47 million in infrastructure funding and a C$500,000 grant for technical studies.

Financial highlights

• Loss after income tax for FY26 was $4,041,902, an improvement from a $6,699,843 loss in FY25.

• Cash and cash equivalents increased to $9,245,290 from $1,966,529 year-over-year.

• Raised $15,922,027 before costs through placements and a rights entitlement offer, with $15,504,827 received in cash.

• Trade creditors reduced from $4,966,914 to $1,530,446.

• Basic loss per share improved to (0.65) cents from (1.71) cents year-over-year.

Outlook and guidance

• Focus remains on completing the Seymour DFS, finalising permitting, submitting the Mine Closure Plan, and securing financing for FID in FY27.

• Root project advancement and assessment of a potential Ontario Lithium Conversion Facility continue, with ongoing Indigenous engagement and evaluation of by-product streams.

• Seymour production targeted for 2028, Root for 2030, with Seymour expected to have a minimum 7-year mine life and Root a 12-year mine life.