GTI Resources Extends SPP Closing Date, Awaits Niagara Gold Project’s Aeromagnetic Data

  • Jul 29, 2020 AEST
  • Team Kalkine

Australian mineral exploration firm focused on vanadium and uranium, GTI Resources Limited (ASX:GTR) has notified that the closing date for its underwritten Share Purchase Plan (SPP) has been extended to 5:00pm (WST) on 21 August 2020 (initially 28 July 2020).

Under the SPP, shareholders have the opportunity to purchase up to $30,000 new fully paid ordinary shares at an issue price of $0.03 per new share, free of all brokerage and commissions.

The extension gives shareholders additional time to receive the Offer Document that may have been impacted due to COVID 19’s effect on postal services.

GTI Resources is conducting the SPP while waiting for the processing of aeromagnetic data at the Niagara Gold Project. The Company has also recently acquired an extensive data package for the new uranium projects it is acquiring at the Jeffrey, Rats Nest and Moki Projects in Utah.

GTI recently completed ~$1.8 million placement via the issue of ~60.38 million shares at an offer price of $0.03 per share.

The raised funds are intended to be utilised for funding the additional ground acquisition at the Jeffrey Project, Utah and to accelerate the scale of the ongoing exploration programs in Australia and the US.

GTR traded at $ 0.028 at 11:49 AM AEST on 29 July 2020.


The website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


Which stock gained the most attention in 2019? Find out in our exclusive report on the much talked about lithium stocks which gained the most investor attention amidst the volatile and high drama electric vehicle market.

Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.

Get an insight into the lithium prices and the trends. The supply glut kept the lithium prices in check. The escalated bilateral trade dispute between the United States and China significantly impacted the lithium chemical prices.

Understand the performance of mining companies. The lithium mining companies managed to sail through the turbulent white gold market by limiting the production in correspondence with the demand from the offtake partners.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK