Member Info for maestro1

Mad

Green Technology have a war chest, this year they raised over A$60m to move there lithium project, so they have plenty of cash. They could have purchased all the royalty for c$4M now but they havent.

The SR is still ongoing lets see where this takes us first..

Mad

£300k fees you mention, thats a large amount dont you think? They deal is dollars in North America.

But anyway the issue is to limit dilution, Green Technology want to get lithium into production, they are also exploring in Root where lnd owned the royalty. The remaining 1.5% will likely also be sold later.

Lnd are still quiet about SR, has a large company approached them to partner the gold asset? If this happens the JV will fund gold expansion and the $2m could be used for lithium exploration or nickel exploration.

Nicetomichu

Interest would have occurred but maybe not to expectations. I still think they maybe negotiating a JV where partner invest significant sums to take a slice of gold asset. All guessing but lets see.

It just doesnt add up that the co is still quiet about SR.

Maybe considering JV. Imho

Am90

We have fallen down here cause the mkt believed we would have to raise, dont think that will happen now. :)

Nicetomichu will be relived. :)

The 3 lithium prospects are interesting, what should they do, drill gold? Drill nickel or drill lithium? Just have alot of potential..

Hopefully move back above 20p.

Rns out for disposal, nothing about SR..

Interesting....

Bankruptcy

Lithium and Nickel plays in our acreage are really appealing too we have too much..

GT1 BUYBACK OF ROYALTY ON THE ROOT LITHIUM
PROJECT
HIGHLIGHTS
• Binding agreement executed with Landore to acquire 50% of their pre-existing 3% net smelter royalty interest on the Root Project.
• GT1 to subsequently extinguish the Royalty to further consolidate GT1 ownership.
• Transaction represents a significant further step towards GT1 building the pre-eminent vertically integrated lithium business in Ontario and North America.

Green Technology Metals Limited (ASX: GT1) (GT1 or the Company) is pleased to announce that it has executed a binding agreement with Landore Resources Limited (Landore) to buyback and extinguish 50% (1.5%) of the 3% net smelter royalty (NSR) interest over the Root Project. The consideration for the purchase is comprised of C$2 million cash payment to extinguish 1.5% of the Root Project NSR. The transaction is conditional on GT1 and Landore finalising and executing an Extinguishment Agreement, which is expected to occur before 21 October 2022. Commenting on the execution of the agreement with Landore,
GT1 CEO, Luke Cox, said:
“The buyback of 50% of the Royalty Deed is another significant milestone for the company as GT1 rapidly advances the Root project and clearly indicates our team’s confidence in the potential of the Project. This is just another step forward for GT1 as we build our pre-eminent vertically integrated lithium business in Ontario and North America and will deliver greater value to shareholders over the long term.”

GT1 BUYBACK OF ROYALTY ON THE ROOT LITHIUM
PROJECT
HIGHLIGHTS
• Binding agreement executed with Landore to acquire 50% of their pre-existing 3% net smelter
royalty interest on the Root Project.
• GT1 to subsequently extinguish the Royalty to further consolidate GT1 ownership.
• Transaction represents a significant further step towards GT1 building the pre-eminent vertically
integrated lithium business in Ontario and North America.
Green Technology Metals Limited (ASX: GT1) (GT1 or the Company) is pleased to announce that it has executed a binding
agreement with Landore Resources Limited (Landore) to buyback and extinguish 50% (1.5%) of the 3% net smelter
royalty (NSR) interest over the Root Project. The consideration for the purchase is comprised of C$2 million cash
payment to extinguish 1.5% of the Root Project NSR. The transaction is conditional on GT1 and Landore finalising and
executing an Extinguishment Agreement, which is expected to occur before 21 October 2022.
Commenting on the execution of the agreement with Landore, GT1 CEO, Luke Cox, said:
“The buyback of 50% of the Royalty Deed is another significant milestone for the company as GT1 rapidly advances the Root
project and clearly indicates our team’s confidence in the potential of the Project. This is just another step forward for GT1
as we build our pre-eminent vertically integrated lithium business in Ontario and North America and will deliver greater
value to shareholders over the long term.”

https://www.greentm.com.au/asx-announcements

Am90

You were correct they sold 1.5% royalty for $2m canadian today.

Bankruptcy

The board are clear, they have on countless times stated the metrics they will sell gold for and on countless times stated they will not give it away cheap.

For me $100m for the gold i can accept now, the ball is in the interested parties court, bid now or pay more later.

Yes Bankruptcy, we are both amused, lnd are also in safe mining jurisdiction.

"Corporate direction" mentioned in interims is interesting, they maybe looking at a partner that could fund more exploration.

Bill thinks there is over 5Moz of gold in our acreage. This silence leads me to believe something is cooking. Nothing is certain in life lets give them some weeks as there maybe more than one party interested.

BodRunchie

They raised cash in summer that will allow them to drill in felix and lamaune. 7500m of drilling.

Am90

How much is that royalty worth $2m?

Am90

Would you not accept an offer in region of 50p now?

I think Bill maybe asking for too much now.

Catbert

Current climate no one is getting top dollar on assets, it maybe the price the board is asking for. While companies maybe prepared to pay 60m for our gold Bill and Glenn may want double that.

You maybe right, current mkt cap 18m, 1.5Moz resource and nickel deposit.

Limited downside more up.

Well they have been clear, stage 1 of SR will be completed by 30th Sept 2022 and then interested party will be invited to stage 2.

What more do you want? If there was no interest we would have had an rns confirming this

Not very difficult, i think the frustrated ones are those who hoped for rns today of interest and sell for 20%.

now interims out of the way they close period is finished.

"Phase one of the Strategic Review will be completed at the end of Q3 2022, at which time the Board will consider its corporate direction to the benefit of shareholders."

sell the lot!!!