Green Technology Metals (ASX:GT1) Advances Lithium Conversion Facility in Ontario
Conversion Facility Strategy
Green Technology Metals Limited (ASX: GT1) is progressing its strategy to establish Ontario’s first lithium concentrates and chemicals business. The company aims to produce battery-grade lithium hydroxide through its integrated approach in Ontario, Canada.
Pilot Testing and Production
Pilot testing is underway at EcoPro Innovation’s Pohang facility in South Korea, utilizing spodumene concentrate from GT1’s Seymour Project. A one-tonne sample has been shipped and is being tested, with results expected in Q2 2025. Additional testing will involve concentrate from the Root Lithium Project.
Strategic Partnership with EcoPro
The collaboration with EcoPro, a global battery producer, continues to drive the project forward. A formal cooperation agreement is nearing execution, strengthening the partnership and accelerating project milestones.
Site Selection and Due Diligence
GT1 has signed a Letter of Intent for exclusive access to a preferred Thunder Bay site for 24 months, allowing detailed due diligence. The site is strategically located with existing infrastructure, supporting both current needs and future expansion.
Pre-Feasibility Study and Future Milestones
The Pre-Feasibility Study remains on track for completion in Q4 2025. Significant technological advancements have been made in the engineering of the proposed Lithium Hydroxide Monohydrate (LHM) conversion plant, incorporating EcoPro’s proven technology to ensure reliability and efficiency.
Government Engagement and Funding
GT1 is actively engaging with Invest Ontario and exploring funding opportunities through the Strategic Innovation Fund. Discussions with the Korea Export-Import Bank (KEXIM) are also underway to support project financing.
Executive Comments
Managing Director Cameron Henry stated, “Over the past four years, we have achieved significant milestones in Ontario, solidifying our position as one of the province’s most advanced lithium explorers and developers. Our strategic partnership with EcoPro has catalysed progress on the Thunder Bay lithium conversion facility, with several critical workstreams advancing rapidly.”
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