Green Technology Metals Names Lithium Industry Expert Peter Nazareth as CFO to Drive Ontario Lithium Project Development

Peter Nazareth's Expertise in Lithium and Capital Markets

Bringing a blend of lithium sector insight and capital markets proficiency, Peter Nazareth joins GT1 from Fortescue, where since September 2025 he served as Lead Principal Corporate Development, focusing on strategic growth across Fortescue's Metals portfolio. Prior to this, he was Principal – Corporate Development at Tianqi Lithium Energy Australia (TLEA), the joint venture owning the Greenbushes Lithium mine and Kwinana lithium refinery, two of Australia's premier lithium assets.

At TLEA, Nazareth was instrumental in evaluating growth opportunities, leading transaction assessments, developing investment and life-of-mine financial models, preparing Board materials, and supporting capital allocation decisions. His earlier roles include Strategy & Corporate Development Manager at Orora Limited, Senior Manager – M&A and Transaction Services at Pitcher Partners, and corporate finance positions at Lion Advisory and Deloitte. Nazareth holds Chartered Accountant status (CA ANZ), a Masters in Accounting from Curtin University, and a Bachelor of Science from the University of Western Australia. This appointment is a non-Board role, and he holds no current directorships.

Strengthening GT1's Financial and Strategic Leadership

As CFO, Nazareth will lead GT1's finance operations while expanding his role to include capital markets engagement, investor relations, corporate development, and commercial strategy. This move reflects GT1's aim to enhance institutional investor relations, support financing efforts, and explore strategic partnerships as it progresses toward key development and financing milestones. Nazareth's responsibilities will be pivotal in positioning GT1 to execute its development strategy amid rising demand for secure North American lithium supply.

Managing Director Cameron Henry highlighted Nazareth's unique combination of lithium sector expertise and capital markets acumen, gained through significant roles at Tianqi Lithium Energy Australia and Fortescue. Henry emphasized that as GT1 advances the Seymour Project toward development and financing, Nazareth's corporate finance background and strategic partnership experience will be invaluable to both the company and its shareholders. This appointment signals GT1's readiness for the next stage of project development and capital market engagement.

GT1's Integrated Lithium Strategy in Ontario

Green Technology Metals aims to establish a leading vertically integrated lithium business focused on North America. The company wholly owns multiple Ontario lithium projects featuring high-grade hard rock spodumene deposits on highly prospective Archean Greenstone tenure in north-west Ontario, Canada. Its portfolio includes the Seymour, Root, Junior, and Wisa projects, all benefiting from excellent infrastructure such as clean hydro power, road accessibility, and nearby rail connectivity that offers transport flexibility.

GT1's strategy emphasizes targeted exploration across its projects, offering significant potential for rapid and substantial resource growth. The current global Mineral Resource estimate totals 30.4 million tonnes at 1.17% Li2O. These North American projects are strategically positioned amid increasing demand for secure lithium supply chains outside traditional Asian production hubs, supporting the electric vehicle battery and energy storage sectors.

Root Project Resource Highlights and Development Flexibility

The Root Project comprises a major part of GT1's resource base, with a total Mineral Resource estimate of 20.1 million tonnes at 1.24% Li2O. It includes several zones: Root Bay Open Pit (5.8Mt Indicated at 1.28% Li2O and 0.1Mt Inferred at 0.73% Li2O), Root Bay Underground (4.2Mt Indicated at 1.37% Li2O and 5.5Mt Inferred at 1.24% Li2O), and McCombe (4.5Mt Inferred at 1.01% Li2O). The mix of Indicated and Inferred resources reflects varying geological confidence across zones.

This zone diversity offers development sequencing flexibility, enabling optimization of mining and processing strategies based on resource geometry and grade distribution. Notably, the Root Bay underground resource includes 4.2 million tonnes of Indicated material at 1.37% Li2O, indicating high-confidence, strong-grade ore. GT1 confirms no new information has materially altered prior resource estimates for Root Project as of 18 October 2023.

Seymour Project's Indicated Resource and Development Focus

The Seymour Project contributes 10.3 million tonnes at 1.07% Li2O to GT1's resource inventory. It consists of the North Aubry zone (6.1Mt Indicated at 1.25% Li2O and 2.1Mt Inferred at 0.8% Li2O) and South Aubry zone (2.0Mt Inferred at 0.6% Li2O). North Aubry is the most advanced area, with 6.1 million tonnes classified as Indicated, reflecting high geological confidence from detailed drilling and modeling. GT1 is advancing Seymour toward development and financing, indicating it as the near-term project focus.

The company states no new data materially affects the Seymour Mineral Resource estimate released on 21 November 2023, with assumptions and technical parameters remaining valid. The Indicated classification at North Aubry supports progression toward feasibility studies and development planning, though no specific timelines were provided in this announcement.

Enhancing Investor Relations and Financing Initiatives

Nazareth’s CFO appointment is designed to bolster GT1’s capital markets engagement and institutional investor relations as it advances its development strategy. His responsibilities will include deepening investor engagement and supporting financing activities, suggesting preparations for capital raising or financing transactions to fund project development and move toward production. GT1’s emphasis on securing North American lithium supply aligns with favorable market conditions for project financing.

With significant lithium sector corporate development and capital markets experience, Nazareth is well-equipped to drive investor relations and strategic partnerships. His prior work on strategic growth evaluations and life-of-mine financial modeling at TLEA positions him to advance feasibility studies, financing structures, and potential partnerships. GT1 has not disclosed specific financing or development timelines in this update.

Responding to Rising North American Lithium Demand

GT1’s timing in appointing an experienced CFO aligns with industry trends favoring North American lithium development. The company emphasizes positioning itself amid growing demand for secure North American lithium supply, reflecting shifts toward diversifying supply chains beyond traditional production regions. Proximity to battery manufacturing and electric vehicle production hubs in North America, along with regulatory stability in Canada, enhances project appeal.

Nazareth’s background at Fortescue and TLEA equips him with insight into lithium sector dynamics and the capital-intensive nature of mining development. His experience evaluating strategic growth and financial models for major lithium assets supports GT1’s advancement through the development pipeline. This appointment indicates management’s confidence in favorable conditions for project progression and capital deployment in the near to medium term.

Focus on Hard Rock Spodumene and Ontario Greenstone Assets

GT1’s portfolio centers on hard rock spodumene lithium deposits, distinct from brine and other lithium extraction methods. Spodumene requires mining and conventional processing to extract lithium compounds. Located on Archean Greenstone tenure in Ontario, these assets are considered highly prospective for hard rock lithium mineralization. GT1’s management highlights targeted exploration across all projects as offering substantial potential for rapid resource expansion.

The company notes that its exploration strategy complements development planning, emphasizing the capital-intensive nature of hard rock spodumene mining and processing. Infrastructure advantages such as access to clean hydro power, road networks, and rail transport are key factors supporting project economics.

Immediate Priorities and Outlook

With Nazareth starting as CFO on 17 August 2026, immediate focuses will likely include financial planning, investor relations, and supporting advancement of the Seymour Project toward development. The announcement does not specify operational, exploration, or development milestones for the remainder of 2026 or beyond. Investors may anticipate updates on feasibility studies, financing activities, exploration outcomes, or strategic partnerships as GT1 progresses Seymour toward a development decision.

This appointment signals management’s confidence in the lithium market and capital availability for North American projects. While no guidance on development timelines, capital needs, production targets, or revenue projections was provided, shareholders and market participants can expect further disclosures on Seymour’s development status, financing efforts, and strategic initiatives as GT1 engages institutional investors and pursues its growth strategy.