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TORONTO and PERTH, Australia, July 24, 2025 (GLOBE NEWSWIRE) -- Green Technology Metals Ltd (ASX: GT1) (“GT1” or “the Company”), a Canadian-focused multi-asset lithium business, is pleased to announce a significant milestone at its Seymour Project in Ontario, Canada, with the release of a maiden Rubidium Mineral Resource. Hosted within the same pegmatite system as the company's lithium resource at North Aubry, this Rubidium discovery has the potential to convert material previously considered waste into a valuable by-product stream.
Canada-focused multi-asset lithium business Green Technology Metals Ltd (ASX:GT1, OTC:GTMLF) has been hard at work at the Root Lithium Project in Ontario, where it continues to find thick, high-grade lithium grades in ongoing drilling. "The initial high-grade assay results from our deep extension drilling at the Root Lithium Project have further strengthened our confidence in resource expansion,” said managing director Cameron Henry. The first two deep extension holes at the Root Bay deposit, which target underground resource growth, have been particularly promising: To date, 11 of 16 planned holes have been completed, confirming a downdip extension of 1,100 metres for pegmatite RB006, with 800 metres below the current pit design. Thickening in the southern sections suggests underground mining potential, supported by high lithium oxide grades and visible spodumene content. Results from eight remaining holes are expected within four to six weeks with an updated mineral resource to follow. Over at Root Bay East, a 4,000-metre program is underway to build on promising intersections from 2023, including 23.3 metres at 1.16% Li₂O and 11.7 metres at 1.12% Li₂O. Early drilling targets north-south striking, east-dipping pegmatites to further define mineralisation extents. Promising initial results indicate strong potential for resource expansion. Pegmatites RB006 and RB007 at Root Bay point to continuity to more than 1,100 metres downdip from surface and more than 800 metres below the current $850 pit design. What’s more, pegmatite RB017 continues to depth below RB006, which potentially adds an additional mineralised pegmatite for underground mine assessment. “We are encouraged to see pegmatites RB006 and RB007 extending at depth, with RB017 showing potentially mineable underground thicknesses, indicating significant resource growth potential,” said Henry. “To the east, despite some initial delays, the drill program is now underway with the first hole completed. We are eager to finish the remaining drilling by year-end and continue advancing the growth of our resource base." The 14,000-metre, two-phase diamond drilling program continues at the 14.6-million-tonne Root Lithium Project with 11 drill holes totalling 6,450 metres completed to date from phase 1 of the program. Phase 2, a 4,000-metre 10-hole drilling program at Root Bay East, has started and is designed to further delineate the pegmatite extents from the maiden drilling program the company conducted in 2023. The global resource inventory at Root now sits at 24.9 million tonnes, with the company planning to prepare a revised mineral resource update pending receipt of all assays.
Green Technology Metals Ltd (ASX:GT1, OTC:GTMLF) has identified a new pegmatite discovery dubbed the “north upper zone” at the Eastern Hub Aubury Deposit of the Seymour Lithium Project in Ontario, Canada, in an extensional diamond drilling program. The pegmatite zone sits close to surface, averaging grades of over 1.2% and about 2.6 to 6.4 metres thick. Two shallow holes confirmed continuity of mineralisation in this area, supporting its potential inclusion in a future mineral resource update. The company has also initiated a 6,900-metre diamond drilling program at the Junior Lithium Project, 20 kilometres to the east of Seymour. “Our core strategy is to become the first producer of spodumene concentrate and lithium hydroxide in Ontario,” Green Technology managing director Cameron Henry said. “We are well-positioned to take full advantage of the next lithium cycle, driven by North America's strong commitment to developing its own lithium supply chain. “GT1 is one of the leading lithium explorers in Ontario, with several key advantages, including a highly experienced management team, skilled in the design and development of concentrators and conversion facilities and asset locations in close proximity to Thunder Bay allowing an integrated lithium production business. “We are backed by multiple strategic partners who have a positive long-term outlook for lithium demand specifically in North America. “Although the recent drilling at Seymour did not meet expectations at depth, it was crucial for enhancing our understanding of the deposit and advancing the project. “We have identified multiple other drill targets in the project area, which will be tested once the Junior program concludes.” At depth, GT1’s drilling encountered thinner-than-expected pegmatite intercepts at the new north upper zone, with lithium grades also lower than anticipated. The company is confident Seymour will continue to offer drilling targets as exploration continues, with the Aubry deposit and several targets of interest remaining untested. Future drilling will focus on high-priority targets near Aubry, expanding outward to lower-priority targets. “In parallel, we are making strong progress on the Seymour definitive feasibility study (DFS), with several workstreams progressing as planned for release next year,” Henry continued. “Our financing strategy for the project has been strengthened with the appointment of Endeavour Financial, providing us with full access to their award-winning metals and mining team, recognised as a leading advisor in mine development finance with export credit agencies, government funds and commercial institutions.” The Seymour DFS work streams include mine and pit optimisation, a geotechnical program, metallurgical test work, and plant and site optimisation. GT1 is also working toward a mineral resource estimate (MRE) update using the latest infill drilling data and the 2024 lithium price environment. Seymour’s MRE currently sits at 10.3 million tonnes at 1.03% lithium, with a combined total resource (including the Root Project’s MRE) of 24.9 million tonnes at 1.13% lithium for the company’s North American lithium assets. Google’s introduction of AI overviews at the top of search results is a possible tailwind for the search giant as it faces new competitive threats, analysts at Bank of America believe. Google introduced AI overviews at the top of search results, which offer concise responses to queries, in the US in May 2024. It has since expanded this offering to more than 100 countries, which analysts see as suggesting “positive traction.” However, they noted that as Google’s search share has grown since the launch of overviews in May, there has been limited change in Google's monthly US visits data. They completed an analysis to gauge the potential impact of AI overviews on search revenues and costs. “In our analysis, a 2.5% change in query volumes from the addition of AI capabilities (or new competition), combined with a 100 basis points change in ad clicks per search could drive approximately 6% to 8% impact on 2026 search revenue,” they wrote. “We remain constructive that new AI search use cases can drive higher query volumes and ad clicks, while new competition is the biggest risk.” Analysts repeated their ‘Buy’ rating on Alphabet Inc (NASDAQ:GOOG), Google’s parent company, noting they remain constructive on the AI opportunity for Google given the potential benefits to search usage and monetization, YouTube content and Cloud demand. They have a $210 price target on Alphabet, which closed at $176.80 on Monday.
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(Kitco News) - Canada-focused lithium company Green Technology Metals (ASX: GT1) announced Monday that it executed a full form offtake agreement with LG Energy Solution (LGES) for the supply of 25% of all spodumene concentrate produced from the Seymour lithium project in Ontario.
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