GT1 Unveils Major Rubidium Resource, Boosting Ontario Lithium Ambitions
Green Technology Metals (ASX – GT1) reports a significant rubidium discovery at its Seymour Project alongside steady progress in lithium project development and a $3.46 million capital raise.
- Significant rubidium resource discovered at Seymour Project
- Completed $3.46 million capital raise to support development
- Focus on cost reduction and permitting amid challenging lithium market
- Pilot lithium conversion testing underway with results expected next quarter
- C$5.5 million funding application submitted for critical minerals infrastructure
Strategic Cost Management and Capital Raising
Green Technology Metals Limited (ASX – GT1) has continued to navigate the difficult global lithium market by implementing disciplined cost control measures during the quarter ending 30 June 2025. The company successfully completed a $3.46 million capital raise through a partially underwritten entitlement offer, reinforcing its financial position to advance key projects in Ontario, Canada. Workforce restructuring and suspension of non-essential exploration activities have helped preserve capital while prioritising critical permitting and approvals.
Breakthrough Rubidium Discovery at Seymour
One of the standout developments this quarter is the discovery of a substantial rubidium resource at the Seymour Project. The maiden resource estimate comprises 8.3 million tonnes at 0.27% rubidium oxide, including a high-grade component of 3.4 million tonnes at 0.40%. This positions Seymour among the world's top rubidium-bearing lithium projects by scale and grade. Rubidium, a rare alkali metal critical for advanced technologies such as quantum computing and aerospace navigation, offers GT1 a promising by-product revenue stream that could complement its core lithium strategy with minimal additional processing costs.
Project Development and Government Engagement
GT1 is advancing permitting and Indigenous engagement activities at Seymour and the Root Project, ensuring readiness for development when lithium market conditions improve. The company has submitted a C$5.5 million application under Canada's Critical Minerals Infrastructure Fund to support further studies, engineering works, and Indigenous consultations. This builds on previously secured funding for infrastructure upgrades related to Seymour, reflecting strong government support for critical minerals development in Ontario.
Progress on Lithium Conversion and Feasibility Studies
Collaboration with EcoPro Innovation continues to progress, with pilot lithium conversion testing of GT1’s spodumene concentrate underway at their South Korean facility. Results are anticipated next quarter, marking a key milestone toward establishing a vertically integrated lithium supply chain. While the Definitive Feasibility Study (DFS) for Seymour is approximately 70% complete, further work has been temporarily deferred to conserve cash, reflecting the company’s cautious approach amid market uncertainty.
Outlook and Financial Position
GT1 ended the quarter with A$1.98 million in cash, maintaining a lean operational footprint focused on advancing priority workstreams. The company remains confident in its ability to raise additional funds as needed, supported by ongoing discussions with strategic shareholders and institutional investors. With a strong portfolio of high-grade lithium assets and a newly identified critical mineral resource, GT1 is positioning itself as a key player in the North American lithium supply chain, ready to capitalise when market conditions improve.
Bottom Line?
GT1’s rubidium discovery and disciplined development approach set the stage for potential growth as lithium markets recover.
Questions in the middle?
- How will the commercial viability of rubidium recovery impact GT1’s project economics?
- What timeline does GT1 anticipate for completing the lithium conversion facility feasibility studies?
- How might evolving government policies and funding affect GT1’s capital raising and project advancement?