Green Technology Metals Progresses Canada Lithium Conversion Facility; Shares Rise Over 6%

MT Newswires Live

02-05

Green Technology Metals (ASX:GT1) progressed its lithium conversion facility development strategy in Ontario, Canada, according to a Wednesday Australian bourse filing.

The company is conducting pilot test work at battery producer EcoPro's Pohang-Yeongil Bay industrial complex in South Korea to produce battery-grade lithium hydroxide from ore mined from Green Technology's Seymour project in Canada.

It shipped a one-tonne spodumene concentrate sample to the facility and it expects to achieve lithium hydroxide production in the second quarter of 2025.

It will also conduct test work on a tonne of concentrate from the Root lithium project.

The pre-feasibility study remains on track for completion by the fourth quarter.

The firm's shares rose over 6% in recent trading on Wednesday.

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