ASX-listed Green Technology Metals acquired 100% of the Junior Lithium Project in Ontario, Canada, from Landore Resources Canada.

The project is 20km east of Green Technology's flagship asset, Seymour.

The agreement involves a cash payment of C$1 million (~$1.2 million) to Landore, the issuance of consideration shares valued at C$600,000 (~$694,432) and assuming a 2% net smelter royalty with an option to repurchase 1% for $1 million.

Preliminary drilling at the project will commence in the first quarter of 2024.