News

GTi Energy

Placement Shares Issued & Drilling Approval Expected August
July 10, 2025

Highlights

  • Funds received from Tranche-1 of a 2-tranche Placement to raise $4.5m
  • Tranche-1 funds of ~$2.5m received with Tranche-2 funds of $1.97m including $1.487m to cornerstone strategic investor Snow Lake Energy to be approved under upcoming notice of meeting
  • Placement proceeds used to underpin resource expansion and infill drilling at Lo Herma and further hydrogeological and metallurgical analysis

GTI is pleased to advise that ~A$2.5m has been received in respect of Tranche-1 of a two-part placement to raise A$4.5 million, as previously advised on 30 June 2025.

The second tranche of the Placement for $1.97m will include ~$1.49m to cornerstone strategic investor Snow Lake Energy, to be approved under upcoming notice of meeting (NoM).

GTI will seek shareholder approval for the second tranche of the Placement, a share consolidation and a change of Company name at the upcoming EGM, details of which will be included in the NoM released to shareholders next week.