Green Technology Metals Limited (ASX:GT1) entered into binding agreement to acquire remaining 20% stake in Ontario Lithium Projects from Ardiden Limited (ASX:ADV) A$16 million on October 24, 2022. Upon completion, moves GT1 to 100% ownership of the Ontario Lithium Projects, including its flagship Seymour Mine Development (currently in PEA phase).The Binding Agreement contains provisions pertaining to pre-completion conduct, warranties and indemnities that are customary for a transaction of this nature. A milestone payment of a further A$2.5 million cash, payable upon JORC-compliant Mineral Resources of more than 20 million tonnes being defined across the Ontario Lithium Projects.
Market Closed -
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5-day change | 1st Jan Change | ||
0.074 AUD | 0.00% | -2.63% | -74.04% |
11/06 | Green Technology Metals Begins Diamond Drill Program at Seymour Project in Ontario | MT |
04/06 | Green Technology Metals CEO to Step Down July 19; Seeks Funding for Canada Project | MT |
Stocks mentioned in the article
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5d. change
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Capi.
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0.14 AUD | +3.70% | -3.45% | 5.58M | ||
0.074 AUD | 0.00% | -2.63% | 15.74M | ||
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-74.04% | 15.74M | |
+23.94% | 83.04B | |
+11.30% | 69.11B | |
-.--% | 28.6B | |
+38.77% | 9.71B | |
+7.92% | 8.81B | |
+10.41% | 8.32B | |
-3.11% | 7.17B | |
+21.09% | 5.88B | |
-39.11% | 5.6B |
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- Green Technology Metals Limited entered into binding agreement to acquire remaining 20% stake in Ontario Lithium Projects from Ardiden Limited A$16 million.