Green Technology Metals (GT1) Q3 2025 TU earnings summary

Executive summary

• Strategic initiatives implemented to preserve capital and optimize expenditure amid challenging lithium market conditions.

• Board strengthened with the appointment of Mr. Han Seung Cho from EcoPro Innovation as Non-Executive Director.

• Combined lithium resource base increased to 30.4Mt, driven by successful drilling at Root Bay.

• Progress made on Seymour and Root projects, with updated PEAs confirming robust project economics and increased NPV.

• Collaboration with EcoPro advances the Thunder Bay Lithium Conversion Facility, with site due diligence underway.

Financial highlights

• Cash on hand at 31 March 2025 was A$0.889 million.

• Raised A$3.46 million before costs via a non-renounceable entitlement offer, with an additional shortfall of $582k available.

• Exploration and evaluation expenditure for the quarter was A$3.45 million.

• Net cash used in operating activities for the quarter was A$951k; net cash used in investing activities was A$3.45 million.

• Estimated quarters of funding available at period end was 0.21, with further capital raised post-quarter.

Outlook and guidance

• Project timelines and final investment decisions remain contingent on improved lithium market conditions and additional funding.

• Ongoing cost control measures, including workforce reduction and deferred management fees, to preserve capital.

• Funding applications being prepared for government critical minerals infrastructure support.

• Exploration scaled back, with focus on permitting, approvals, and advancing feasibility studies.