Latest news with #GreenTechnologyMetals
Yahoo
22-05-2025
- Business
- Yahoo
Xplore Completes New High-Resolution Magnetic Survey and Identifies High-Priority Targets on Trend with Root Bay Deposit at its Surge Project, Ontario
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - Xplore Resources Corp. (TSXV: XPLR) ("Xplore" or the "Company") is pleased to announce the completion of a new high-resolution airborne magnetic survey at its Surge Lithium Project in northwestern Ontario (Figure 1). The survey results show linear magnetic highs extending from the Green Technology Metals Root Bay lithium deposit and through the Xplore property. The trend extends for over 17 km on the Surge Project and is interpreted as iron formation and greenstone dismembered with abrupt magnetic breaks. These breaks match spatially with known pegmatites drilled by Green Technology Metals and may represent pegmatite intrusions, defining new high-priority targets for follow-up exploration. This new magnetic data provides greater definition of regional structures and highlights geological characteristics similar to those observed near pegmatites intersected at Green Technology Metals' Root Bay East drilling, adjacent to the Surge Project. Field crews are scheduled to mobilize this month to begin mapping and prospecting these new targets. Survey Highlights A total of 476 line-kilometers were flown at 50 meter spacing over 214 hectares at the Surge Project. The new data was leveled and merged with existing high-quality magnetics, providing enhanced geological context across a broader 5,400 hectare area. Several structural features and magnetic discontinuities have been identified as priority targets for the 2025 field program. Devin Pickell, President and CEO of Xplore, commented, "This magnetic survey will be instrumental in advancing exploration in the Root Lake area. Our field crews will use this high-resolution data to prioritize and ground truth newly identified structural targets as we work toward a potential new discovery." Figure 1. High-resolution magnetic survey results at the Surge Project highlighting interpreted structural features and priority target areas for ground follow-up. To view an enhanced version of this graphic, please visit: About the Surge Lithium Project The Surge Lithium Project is Xplore's flagship property located in the rapidly emerging Root lithium district of northwestern Ontario. The project covers approximately 10 km of strike length along the eastern extension of the Root Bay-Root Bay East lithium trend and is strategically positioned adjacent to Green Technology Metals' Root Bay Project, which currently hosts a JORC-compliant resource of 10.1 Mt at 1.29% Li₂O. Recent high-resolution Lidar combined with airborne magnetics, have significantly improved the geological understanding of the Surge Project. Field mapping and prospecting have confirmed the presence of key structures and greenstone host rocks, with several priority targets identified less than 50 m from lithium mineralization reported at Root Bay East. The technical content of this news release has been reviewed and approved by Devin Pickell, the President and CEO of the Company and a Qualified Person pursuant to National Instrument 43-101. About Xplore Resources Xplore Resources is a North American lithium exploration company listed on the TSX Venture Exchange under symbol XPLR. The Company has a prospective land package in the emerging Root Bay lithium district located in northwest Ontario. Xplore's flagship property is the Surge lithium project, on trend and near two lithium deposits and just 25 m from a new lithium discovery. The Company is led by a highly experienced management team with a strong track record of growing shareholder value. ON BEHALF OF THE BOARD OF DIRECTORS, Devin Pickell, CEOXplore Resources Corp. For further information on Xplore, contact: Telephone: 604-678-5308Email: info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Caution Regarding Forward-Looking Information Certain statements contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", "potential", "indicative" and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Such forward-looking information is based on the current expectations of management of the Company. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties, including without limitation risks and uncertainties inherent in the exploration and development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. In making the forward-looking statements in this press release, the Company has applied several material assumptions. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. To view the source version of this press release, please visit
News.com.au
01-05-2025
- Business
- News.com.au
ASX Resources Quarterly Wrap: Lithium green shoots despite market pull-back
The lithium market is still in the doldrums but lithium focused resources stocks are staying active with exploration Others are safeguarding capital to capitalise on future market recovery We survey quarterly reports to bring you highlights from up and comers like Pursuit Minerals, Green Technology Metals, Cosmos Exploration and First Lithium Lithium prices are deep into the cost curve by any metric, and a number of lithium stocks are pushing ahead with exploration despite the downturn in the hope of arriving early to the next cycle. At the upper end of town, Liontown Resources (ASX:LTR) reported solid results from its Kathleen Valley project, which declared commercial production during the quarter amid a volatile trading environment. Revenue rose by 17% to $104m, with $14m in cash flow generated from operations. The company produced 95,709 dmt of spodumene concentrate and sold 93,940dmt across five shipments. LTR managing director and CEO Tony Ottavino said the company is seeing consistent, positive performance across key metrics, including the shipment of over 180,000dmt of spodumene concentrate since production started, generating $205m in revenue. He added that the emerging lithium producer remains focused on streamlining costs, with operational efficiencies continuing to pay off. Lithium frontrunner Pilbara Minerals (ASX:PLS) noted a 34% drop in production volume to 125,000t at Pilgangoora as well as a 30% slide in revenue over the prior quarter to $150m. Argonaut Funds Management's David Franklyn said although Pilbara shares have dropped 41% in the past three months, there was nothing dramatic in the March quarterly report. But it continues to show that we are 'bouncing along the bottom in the lithium market'. 'It just took another step down with the recent pull back in the market. If you look at the results, I think they're doing everything right operationally,' he added. A few green shoots were also reported at the smaller end of the market, with some highlights including the successful commissioning of Pursuit Minerals' 250tpa lithium carbonate plant in Salta, Argentina. That's where we head for our wrap of the quarterlies you may have missed. Pursuit Minerals (ASX:PUR) PUR's lithium carbonate pilot plant sits within its wider Rio Grande Sur project, which is being advanced through a deliberately phased and modular development strategy that enables the company to manage capital intensity, validate process flow efficiency, and expand in alignment with market demand. Initial production from synthetic brine has kicked off, making the transition to near-term revenue generation. Progress was also made on feasibility studies to incorporate the 339% jump in new resources that were upgraded last year (1.1Mt) and a staged development plan with the company saying it remains on track for release in H1 2025. Active discussions were also held with offtake partners who made multiple product sample requests in the quarter. It also advanced numerous engineering and geological workstreams and permitting approval processes. Green Technology Metals (ASX:GT1) GT1 said it is continuing to implement cost-control measures in direct response to challenging global lithium market conditions. GT1 managing director Cameron Henry said exploration programs have been significantly scaled back, and a targeted workforce restructure has resulted in a 40% reduction in staffing levels, retaining only those roles essential to progressing core projects. 'Given the sustained challenges in global lithium markets, all key workstreams and development timelines—including any potential Final Investment Decision (FID) at Seymour—are dependent on improved market conditions and the availability of funding support from strategic partners,' he said. 'GT1 will continue to rigorously assess its cost base and project schedule, taking further action where necessary to safeguard capital and ensure the company remains well-positioned for a market recovery.' A 1 for 3.85 non-renounceable pro rata entitlement offer during the period, raising approximately $3.46 million before costs. The Entitlement Offer and Top-Up Offer closed on April 15 with strong participation from directors John Young, Cameron Henry, Patrick Murphy, and existing long-term shareholders and institutional investors. GT1 is now preparing funding applications under the Critical Minerals Infrastructure Fund (CMIF) for all three of its core projects. New applications are expected to be finalised and submitted during the upcoming quarter. Cosmos Exploration (ASX:C1X) C1X started activities that private Australian company EAU Lithium, which it acquired in December 2024, had agreed to perform under its technology agreement with Bolivian state-owned lithium company Yacimientos de Litio Bolivianos (YLB). EAU Lithium had been selected by YLB to undertake technology testing on brines from Salar de Coipasa, Salar de Empexa, and Salar de Pastos Grandes. As part of this, the company has shipped 5m3 of bulk brine samples from the three salars to Germany for testing at Vulcan Energy Resources' (ASX:VUL) facility in Germany. While these samples are still in transit from Bolivia, testing of synthetic brine formulated to replicate the major ion chemistry of the three salars is underway at the facility to provide early indications of the compatibility of Vulcan's VULSORB sorbent ahead of any future test work using the bulk brine samples. VUL's direct lithium extraction technology is being evaluated for its potential to provide a more efficient, scalable and environmentally sustainable solution for lithium recovery from Bolivia's complex brine chemistry. Successful validation of a DLE tech will represent a significant step forward for lithium extraction in Bolivia, enabling higher-yield, lower-impact processing in one of the world's largest untapped lithium resource jurisdictions. Results from the testing will support ongoing negotiations toward a proposed industrialisation agreement, which is expected to establish a long-term framework for the supply and processing of lithium-rich brine over multiple decades. This agreement would form the basis for commercial-scale development and a secure, sustainable lithium supply chain aligned with Bolivia's national development objectives. First Lithium (ASX:FL1) During the March 2025 quarter, First Lithium progressed renewals of its mining licence after the Mali government moved on March 15, 2025, to partially lift the suspension of mining permits that had been in place since September 2022. The company also received a letter from the National Director of Geology and Mines in Mali which confirmed that it could continue geophysical survey work on both the Faraba and Blakala permits in the interim while requirements for the licence renewal process were being finalised. FL1 also finalised a loan note of $1.2m via an agreement with sophisticated and professional investors. Funds will be used to finalise the licence renewal process and advance a maiden resource estimate for Blakala as well as general working capital. The resource update will include some stellar drill hits, such as strikes in the Eastern pegmatite zones including 24m at 1.53% Li2O from 129m, 28.59m at 1.51% from 117m and 9m at 1.62% from 117m. Anything above 1% Li2O is generally considered economic with only a handful of deposits reporting grades upwards of 1.4%. The loan funding will occur in three $400,000 tranches with a conversion price of $0.10 each, with interest accruing at 10% per annum and payable in stock on the same terms as the loan.
Yahoo
29-04-2025
- Business
- Yahoo
Chairman of Green Technology Metals Picks Up 45% More Stock
Even if it's not a huge purchase, we think it was good to see that John Young, the Chairman of Green Technology Metals Limited (ASX:GT1) recently shelled out AU$150k to buy stock, at AU$0.04 per share. That purchase might not be huge but it did increase their holding by 45%. Our free stock report includes 6 warning signs investors should be aware of before investing in Green Technology Metals. Read for free now. In fact, the recent purchase by John Young was the biggest purchase of Green Technology Metals shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.028). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. While Green Technology Metals insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! See our latest analysis for Green Technology Metals There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 21% of Green Technology Metals shares, worth about AU$2.3m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Green Technology Metals we think they are probably pretty confident of a bright future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To help with this, we've discovered 6 warning signs (3 are significant!) that you ought to be aware of before buying any shares in Green Technology Metals. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
