Green Technology Metals is set to raise approximately $14.6 million through a flow-through share placement, utilising Canadian tax law provisions.

The funding involves issuing 39,477,680 new fully-paid ordinary shares at 37 cents per share.

The company plans to allocate the funds for exploration and feasibility works in 2024, advancing toward becoming Ontario's first Lithium producer.

Settlement is expected on Dec. 15, and the flow-through shares will rank equally with existing shares.