Green Technology Metals (GT1) Q1 2027 TU earnings summary

Executive summary

• Seymour received the Ontario Ministry of Natural Resources’ Statement of Completion for its Environmental Assessment, a key permitting milestone for forest-resource removal.

• Seymour work advanced across permitting, DFS and financing toward a targeted mid-2027 FID; the DFS forecast shifted to Q1 2027 to align with permitting and external factors.

• The quarter’s Indigenous consultation and project work were disrupted by northwestern Ontario wildfires and evacuations; engagement resumed after evacuation orders were lifted.

Financial highlights

• Cash and cash equivalents were A$7.788m at 30 September 2026, down from A$9.245m at the quarter’s start.

• Net operating cash outflow was A$965k; investing outflow was A$481k and financing outflow was A$8k for the quarter.

• Exploration and evaluation expenditure was A$477k, including engineering services and Mine Closure Plan studies.

Outlook and guidance

• Mine Closure Plan technical completion, including Qualified Person certification, is targeted for December 2026; submission remains targeted for calendar 2026, following consultation and ministerial notice.

• DFS is reforecast to Q1 2027, aligned with the Mine Closure Plan filing; FID is targeted for mid-2027, subject to Impact Benefit Agreements and financing.

• Cash runway was estimated at 5.40 quarters, based on A$7.788m available funding and A$1.442m in relevant quarterly outgoings.