Green Technology Metals Limited (ASX:GT1) entered into binding agreement to acquire remaining 20% stake in Ontario Lithium Projects from Ardiden Limited (ASX:ADV) A$16 million on October 24, 2022. Upon completion, moves GT1 to 100% ownership of the Ontario Lithium Projects, including its flagship Seymour Mine Development (currently in PEA phase).The Binding Agreement contains provisions pertaining to pre-completion conduct, warranties and indemnities that are customary for a transaction of this nature. A milestone payment of a further A$2.5 million cash, payable upon JORC-compliant Mineral Resources of more than 20 million tonnes being defined across the Ontario Lithium Projects.
Delayed
Other stock markets
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5-day change | 1st Jan Change | ||
0.1 AUD | 0.00% | 0.00% | -64.91% |
03-27 | Ardiden Receives AU$3.5 Million Withholding Tax, AU$225,000 Exploration Grant | MT |
03-26 | Green Technology Metals Finds Potential Further Resource Growth at Canadian Lithium Project | MT |
Stocks mentioned in the article
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5d. change
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Capi.
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0.15 AUD | 0.00% | -3.23% | 6.22M | ||
0.1 AUD | 0.00% | 0.00% | 21.33M | ||
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-64.91% | 21.33M | |
+37.95% | 91.79B | |
+21.05% | 74.02B | |
-.--% | 28.56B | |
+59.06% | 10.4B | |
+16.34% | 9.4B | |
+21.71% | 9.1B | |
+3.21% | 7.79B | |
+33.85% | 6.28B | |
-39.66% | 5.69B |
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- Green Technology Metals Limited entered into binding agreement to acquire remaining 20% stake in Ontario Lithium Projects from Ardiden Limited A$16 million.