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GT1 Elevates Lithium Resources to 30.4Mt, Advances Ontario Projects Amid Market Headwinds
4:08am on Monday 2nd of June, 2025 AEST
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Mining
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GT1 Elevates Lithium Resources to 30.4Mt, Advances Ontario Projects Amid Market Headwinds
4:08am on Monday 2nd of June, 2025 AEST
Key Points
Lithium resource base expanded to 30.4Mt at 1.17% Li2O, led by Root Bay drilling success
Preliminary Economic Assessments confirm robust economics and a 22% NPV uplift at Root and Seymour projects
Strategic cost preservation includes 40% workforce reduction and deferred executive fees
Progress on Thunder Bay lithium conversion facility with EcoPro partnership and site due diligence underway
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