Green Technology Metals is a North American-based exploration company and to pursue lithium exploration. It is set to list on the Australian Securities Exchange (ASX).
Green Technology Metals has three primary projects – Seymou (lithium), Wisa (lithium) and Root (lithium).
*Seymou – 4.8 Mt at 1.25% Li2O resource in accordance with the JORC Code
Green Technology Metals raised $24,000,000 at $0.25 per share in its initial public offering (IPO). The Offer opens on 24 Sep 2021 and closes on 12 Oct 2021. The date for quotation on ASX is 10 Nov 2021.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | GT1 |
| Name | Green Technology Metals |
| Website | https://www.greentm.com.au/ |
| Share Registry | Automic Group |
| Underwriter | Not underwritten. Canaccord Genuity Financial Limited and Bell Potter Securities Limited (Joint Lead Manager) |
| Opening Date for the Offer: | 24 September 2021 |
| Closing Date for the Offer: | 12 October 2021 |
| Date for New Shares to commence trading on ASX | 10 November 2021 12:00 PM AEDT |
| Funds to be raised under the Public Offer (before costs) | $24,000,000 |
| Offer price per Share | $0.25 |
| Shares on issue at the Prospectus Date | 72,500,000 |
| Shares to be issued under the Public Offer | 96,000,000 |
| Total Shares | 197,500,000 |
| Escrow | 59,118,750 Shares, 5,765,000
Options and 6,000,000 Performance Rights (a period of 24 months from quotation) |
| 32,381,250 Shares and 6,500,000 Performance Rights(a period of 12 months from their issue or funds were received) |
Source: Green Technology Metals prospectus