Is the bottom in?, page-1707

Things that happen in the night. Stocv***ad today.

Green Technology Metals (ASX:GT1)GT1 has secured $8m of investment at a 40% premium to the 90-day VWAP from South Korea’s EcoPro – a leading producer of nickel-rich cathode materials for EV and energy storage lithium-ion batteries.That puts the placement at 12.5c a share and is a sign of confidence in the explorer’s plans to develop its Seymour and Root lithium operations and proposed processing and refinement facilities in Ontario, Canada.
It also gives a little hint of the green shoots battery materials players see in the EV and energy storage supply chain beyond the currently depressed lithium market.
Funding proceeds will go to supporting a DFS on the 10.1Mt at 1.03% Li2O Seymour lithium project, where extensional drilling is underway, and a PFS for the planned lithium conversion facility.On top of the funding, binding agreements have been made for GT1 and EcoPro to negotiate agreements for both Seymour and Root that include the latter acquiring an initial 10% interest in each project, with the option to acquire a further 25% at the FID stage for Seymour and DFS for Root.
There’s also JV rights and a separate offtake agreement to acquire future concentrate from the projects.