Green Technology Metals takes full ownership of Junior lithium project
October 05, 2023 at 01:01 am IST
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Green Technology Metals Ltd (ASX:GT1) CEO Luke Cox tells Proactive the company has secured 100% ownership of the Junior Lake Lithium project that is just 22 kilometres from its flagship Seymour Project in Ontario, Canada. He says it offers outstanding potential to make new proximal lithium discoveries and strategically grow the resource base for Seymour. The project comprises 591 staked mineral claims on 109 square kilometres of tenure that hosts multiple LCT pegmatites at surface, with drill-ready targets.
Cox said, “We are delighted to announce our achievement of 100% ownership of the Junior Lithium Project.
“The Junior Lake Project's proximity to Seymour, coupled with its adjacency to GT1's lithium claim at Falcon Lake, offers a unique opportunity to bolster our resource base at Seymour.
“This transaction aligns seamlessly with our overarching strategic goal of becoming a prominent player in the lithium sector, with a focus on near-term production. It complements our progress on the flagship Seymour Project and the development of our lithium chemical plant in Thunder Bay, in line with our mission to become Ontario's first vertically integrated lithium producer.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
Company Website
https://www.proactiveinvestors.com.au
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Green Technology Metals Limited is an Australia-based vertically integrated lithium company. The Company is focused on the lithium exploration and development business in Ontario, Canada. The Company has a tenement base of approximately 40,797 hectares through the execution of multiple option agreements and tenement pegging activities. The Companyâs projects include Seymour, Root and Wisa. The Seymour Project is located near the township of Armstrong and approximately 250 kilometers (km) north of the city and port of Thunder Bay. The Root Project is located near the First Nation community of Slate Falls and approximately 300 km northwest of Thunder Bay. The Wisa Project is located approximately eight km north of the United States Border and approximately 100 km east of Fort Francis, the border town to the United States.