Primero focus, page-72

Worth keeping an eye on?

Another Primero-backed venture in Canada which  “has longer-term plans for a lithium hydroxide plant…”
and Primero’s Cameron Henry one of the “triple-threat” team

cheers

https://thewest.com.au/business/spinifex/green-technology-metals-boasts-triple-threat-c-4444814
Green Technology Metals boasts triple-threat team

Stuart McKinnonThe West Australian
Fri, 5 November 2021 1:50PMComments
Stuart McKinnon


An outcropping pegmatite swarm at the Seymour project. Credit: Supplied/Green Technology Metals.

SPINIFEX: Green Technology Metals ticks a lot of boxes for punters looking for ground-level exposure to an early-stage player in the white hot lithium sector.
The trickiest thing might be navigating the inevitable rush for shares when the Canada-focused company lists on the ASX next week.

Green Technology’s board boasts some of the best-credentialed personnel in the WA lithium sector including chairman John Young (co-founder of Pilbara Minerals), chief executive Luke Cox (former Wodgina mine manager) and non-executive director Cameron Henry (founder of Primero).

Collectively their lithium experience spans discovery, mining and processing.
The company picked up its three Ontario projects from Ardiden earlier this year as part of that company’s pivot to gold in the same Canadian province with its Pickle Lake project.

The focus of Green Technology’s exploration efforts will be the Seymour project, which already hosts a small resource of 4.8Mt at 1.25 per cent. Its first priority will be to boost the project’s inventory to a target of about 26Mt.
Green Technology has two rigs lined up for Seymour where recent drilling has returned a close to surface intersection of 40m at 2.4 per cent lithium.
The company has also set exploration targets for its earlier-stage projects Root and Wisa of up to 24Mt and 10Mt respectively.

Green Technology already has a locally-based team in Canada headed by Matt Herbert, who has geology and processing experience with FMG and Rio Tinto.

After shoring-up a commercial resource, the company has longer-term plans for a lithium hydroxide plant about 240km south at Thunder Bay, which provides port and rail access to a rapidly-growing battery supply chain in North America. Lithium processing specialist Primero has an office in Montreal.

At Seymour, Green Technology has access to clean, cheap hydro-power that will give it commercial advantages on both a cost and ESG basis. Good road and rail access is also a plus.

Ontario is one of the most mining friendly jurisdictions in Canada and the country’s government is eager to become a key supplier of critical minerals to the burgeoning electric vehicle and renewable energy market.

Green Technology has already locked in $24m in funds in its initial public offering through Bell Potter and Canaccord Genuity.

US fund AMCI holds an 11 per cent stake in Green Technology with the NRW-owned Primero Group at 6.5 per cent. Board and management will have about 14 per cent between them.
At its 25c issue price, it will have a modest market cap of about $50m.