Annual report
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ANNUAL REPORT 2026 The next potential North American lithium producer Green Technology Metals | ABN 99 648 657 649 | ASX GT1
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 2 Corporate Directory DIRECTORS Mr John Young — Non - Executive Chairman Mr Cameron Henry — Managing Director Mr Patrick Murphy — Non - Executive Director Mr Robin Longley — Non - Executive Director Mr Han Seung Cho — Non - Executive Director COMPANY SECRETARY Mr Joel Ives REGISTERED OFFICE Level 1, 1 Alvan Street Subiaco WA 6008, Australia P: +61 8 6557 6825 E: info@greentm.com.au PRINCIPAL PLACE OF BUSINESS Level 1, 1 Alvan Street Subiaco WA 6008, Australia SHARE REGISTRY Automic Group Level 5, 191 St Georges Terrace Perth WA 6000 P: 1300 288 664 AUDITOR RSM Australia Partners Level 32, 2 The Esplanade Perth WA 6000 SOLICITORS Hamilton Locke Pty Ltd Level 27, 152 - 158 St Georges Terrace Perth WA 6000 BANKERS National Australia Bank 48 Howe Street Osborne Park WA 6017 STOCK EXCHANGE LISTING Green Technology Metals Limited shares are listed on the Australian Securities Exchange (ASX code: GT1) WEBSITE www.greentm.com.au CORPORATE GOVERNANCE STATEMENT www.greentm.com.au/corporate - governance
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 3 Contents Acknowledgement of Indigenous Partners & Our Values ................................ .............................. 4 GT1 Overview & Our Strategy ................................ ................................ ................................ ............ 5 Board of Directors ................................ ................................ ................................ ............................... 7 Managing Director's Letter ................................ ................................ ................................ ................. 9 Review of Operations ................................ ................................ ................................ ........................ 11 Directors' Report ................................ ................................ ................................ ............................... 24 Corporate Governance Statement ................................ ................................ ................................ ... 39 Auditor's Independence Declaration ................................ ................................ ............................... 44 General Information ................................ ................................ ................................ .......................... 4 1 Financial Statements ................................ ................................ ................................ ......................... 4 2 Consolidated Statement of Profit or Loss and Other Comprehensive Income ................................ ........... 4 2 Consolidated Statement of Financial Position ................................ ................................ ............................ 4 3 Consolidated Statement of Changes in Equity ................................ ................................ ........................... 4 4 Consolidated Statement of Cash Flows ................................ ................................ ................................ ..... 45 Notes to the Financial Statements ................................ ................................ ................................ ............. 46 Consolidated Entity Disclosure Statement ................................ ................................ ................................ . 73 Directors' Declaration ................................ ................................ ................................ ....................... 74 Independent Auditor's Report ................................ ................................ ................................ .......... 75 Shareholder Information ................................ ................................ ................................ ................... 77 Mineral Resources Statement ................................ ................................ ................................ .......... 81 Tenement Schedule ................................ ................................ ................................ ........................... 8 2
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 4 Acknowledgement of Our Indigenous Partners We would like to say “Gchi Miigwech” to our Indigenous partners. GT1 appreciates the opportunity to work in the Traditional Territory and remains committed to the recognition and respect of those who have lived, travelled, and gathered on the lands since t ime immemorial. Green Technology Metals is committed to stewarding Indigenous heritage and remains committed to building, fostering, and encouraging a respectful relationship with Indigenous Peoples based upon principles of mutual trust, respect, reciprocity, and collabor ation in the spirit of reconciliation. Our Values Integrity We are open and honest about what we say and what we do. We take responsibility for our work and our actions. Sustainability Committed to making a positive contribution towards an enduring world. Respect Embracing openness, trust, teamwork, diversity and relationships that are mutually beneficial. Commitment We keep our promises, reinforcing our reputation as trustworthy and qualified partners. Achievement We are passionate about achieving success for our customers, our partners and each other. We seek solutions, learn and continually improve.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 5 GT1 OVERVIEW The next potential North American lithium producer Green Technology Metals (GT1 or the Company ) is a North American - focused lithium exploration and development company advancing a three - stage strategy to build Ontario's first integrated lithium business, with 100% - owned projects in a Tier - 1 jurisdiction strategically positioned to support the Global Electric Vehicle and Battery Electrical Stationary Storage (BESS) markets. The Seymour Lithium Project (Seymour) is in the development stage, and the larger - scale Root Project (Root) in advanced exploration, provides a de - risked pathway to further integrated lithium production — together positioning GT1 as a leading contributor to Ontario's domestic lithium supply chain and Canada's critical minerals strategy. The C ompany’s proposed lithium conversion facility is currently on hold whilst the Company prioritises moving the Seymour project to a Final Investment Decision (FID) and progressing the Root project to ensure that the mine supply side of the business is prioritised. Ontario project map — Seymour (Eastern Hub), Root (Western Hub) and the proposed Lithium Conversion Facility near Thunder Bay.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 6 Our Strategy The full potential of our mineral endowment will be unlocked through Pit to Product Lithium Business Development. Seymour (100%) Size: 15,140 hectares Resource: 10.3Mt @ 1.03% Li2O (6.1Mt @ 1.25% Li2O Indicated) Stage: Pre - Development Target production: 2028 1/ First Producer in Ontario • Build the Seymour mine and project • Seymour production from 2028 — minimum 7 years production with opportunity to grow mine life • Simple mining, processing and rehabilitation • Low environmental footprint • No chemicals in processing Root (100%) Size: 4,856 hectares Resource: 20.1Mt @ 1.24% Li2O (10Mt @ 1.33% Li2O Indicated) Stage: Exploration Target production: 2030 2/ Additional Long - Term Feed • The Root project is currently in exploration and permitting phase with significant potential to grow the resource base • Planned to be online 2030 onwards with a current mine life of 12 years Conversion Facility Stage: Preliminary Feasibility Study Expected production: Future Status: Currently on hold 3/ Establish Chemical Conversion Supply Chain • Key to completing Ontario's EV supply chain • Strategic partnerships currently under discussion with various groups to partner in the Conversion Facility • Phase 1: proposed circa 20,000 – 25,000t capacity • Phase 2: plant/site layout confirmed for additional train
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 7 Board of Directors Led by a team of developers with extensive experience and a proven track record of rapidly advancing and delivering lithium projects globally. John Young NON - EXECUTIVE CHAIRMAN • Co - founder and Executive Director of Pilbara Minerals Limited (ASX: PLS), where he played a pivotal role in transforming the company from a junior ASX - listed explorer into a globally significant, $2 billion lithium producer in Western Australia's Pilbara r egion. • Highly experienced geologist with extensive expertise in lithium and other commodities, bringing a proven track record in discovery, project development, and the successful scale - up of mining operations. Cameron Henry MANAGING DIRECTOR • Over 20 years' mining industry experience managing and operating public companies across multiple commodities. • Founding Managing Director of Primero Group Limited, where he led the company's transformation into a global leader in engineering and construction, with particular expertise in lithium processing facilities. • Proven track record in leadership and execution, bringing deep industry knowledge and strategic expertise that are invaluable to advancing the Company 's growth and objectives. Patrick Murphy NON - EXECUTIVE DIRECTOR • 18 years of mining investment experience with Macquarie and AMCI, specialising in deploying capital across global raw materials and mining industries. • Held senior roles including director and board positions at Baralaba Coal, Jupiter Mines, and APIJV (Onslow Iron project), and currently serves as NED of Juno Minerals, Grid Metals, and Chairman of Aberdeen Minerals. • Holds Bachelor of Laws and Bachelor of Commerce degrees from the University of Western Australia.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 8 Robin Longley NON - EXECUTIVE DIRECTOR • Geologist with over 30 years' experience in global resources across a range of commodities. • Previous Managing Director of Asra Minerals, CEO/MD of Ardiden, and General Manager Geology at Sundance Resources. Han Seung Cho NON - EXECUTIVE DIRECTOR • General Manager of EcoPro Innovation's Strategic Business team, with 5+ years' experience in strategic management, procurement, and project execution. • Key role in securing long - term raw material offtake agreements, supplier contracts, and equipment procurement for EcoPro's first Lithium Hydroxide Manufacturing (LHM) plant. • Leads strategic partnerships, investments, and mid - to - long - term growth planning for EcoPro.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 9 Message from the Managing Director “This proved out our integrated mine - to - chemical strategy in practice, not just on paper, and stands as one of our most significant technical de - risking milestones to date.” Dear Shareholders, It is exciting to update you all on a pivotal year for Green Technology Metals, which through focused hard work and the support of shareholders, has set us up with the momentum and resources needed to reach some major milestones in the coming months. Firstly, I want to say how immensely proud I am of the GT1 team for navigating another challenging year with such discipline and focus, delivering significant technical and corporate achievements. In partnership with EcoPro Innovation, we successfully produced battery - grade lithium hydroxide monohydrate from Seymour spodumene concentrate, achieving recoveries above 94% and a high - purity 56.5% product. This proved our integrated mine - to - chemical stra tegy in practice, not just on paper, and stands as one of our most significant technical de - risking milestones to date. In addition, a strategic technical review of Seymour's geological database identified a substantial maiden rubidium resource of 8.3 million tonnes at 0.27% Rb ₂ O, positioning it among the most significant rubidium - bearing lithium projects globally. This added further strategic value to Seymour, and opens a potential additional revenue stream with minimal incremental capital cost. We also completed the period with a transformational A$11.0 million recapitalisation, strongly supported by both existing and new shareholders, and set GT1 up for what should be our most consequential year yet. This will include completion of the DFS, finalisation of permitting, our Mine Closure Plan submission, Impact Benefit Agreement negotiations and a Final Investment Decision on Seymour. We remain focused on our target of first ore in the second half of 2028 . In the background we continue advancing Root and the potential Lithium Conversion Facility. The growing alignment between government priorities and GT1's development timeline gives added confidence in the road ahead. At the federal level, Export Development Canada (EDC) extended its Letter of Interest for financing support of up to C$100 million for Seymour. The federal government's November budget introduced a C$2 billion Critical Minerals
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 10 Sovereign Fund and a First and Last Mile Fund providing up to C$1.5 billion over four years. At the provincial level, Ontario's new “One Project, One Process” framework is cutting government review timelines by up to 50% for advanced critical minerals projects, and GT1 has been a direct beneficiary of new funding, including conditional approval fo r up to C$5.47 million under the Critical Minerals Infrastructure Fund and a further C$500,000 grant through Ontario's Critical Minerals Innovation Fund, received after year end. The past year has seen a change of seasons for the lithium market, with lithium prices starting the year at a near 3 -year low before rising strongly through the period to become one of the top - performing commodities in the market. This has brought a thawin g in market sentiment and helped add further momentum across the Company. I want to acknowledge our Indigenous partners, and say “Gchi Miigwech” for your trust, engagement and collaboration, which remain fundamental to our progress. We are grateful for the opportunity to work within your Traditional Territory, and we remain committed to building a respectful relationship based on mutual trust, respect, reciprocity and collaboration in the spirit of reconciliation. On behalf of the Board, I would lastly like to thank our shareholders, whose continued support and confidence, particularly through the transformative raise, has given us the platform needed for the exciting year ahead. I look forward to updating you all a s we advance Seymour toward production over the year ahead, as we resolutely work toward being Ontario's first lithium producer, and to do so with the highest standards of operational excellence, environmental stewardship and community engagement. Cameron Henry Managing Director
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 11 Review of Operations Indigenous Partners GT1 would like to say “Gchi Miigwech” to our Indigenous partners and thank them for their trust, engagement and collaboration, which remain fundamental to the Company's progress. We appreciate the opportunity to work in the Traditional Territory and remain committed to the recognition and respect of those who have lived, travelled, and gathered on the lands since time immemorial. The Company is committed to stewarding Indigenous heritage and remains committed to building, fostering, and encouraging a respectful relationship with Indigenous Peoples based upon principles of mutual trust, respect, reciprocity, and collaboration in the spirit of reconciliation. Corporate GT1 continued to navigate the challenging lithium market as the reporting period commenced, which required disciplined cost management and streamlining the team to a core group focused on progressing permitting and approvals at Seymour. Despite these measu res, early in the period the Company announced two 21 - year mining leases over the proposed construction area. Combined with the original lease (granted in December 2023), these give GT1 full lease coverage over the entire proposed construction footprint. R egulatory authorities also confirmed that Seymour is subject solely to provincial environmental assessment requirements, with no federal Impact Assessment Act process required, reducing overall permitting risk. A strategic technical review conducted during the September quarter identified a substantial rubidium resource at Seymour, with a maiden JORC - compliant estimate of 8.3 million tonnes at 0.27% Rb ₂ O, including a high - grade domain of 3.4 million tonnes at 0.4 0% Rb ₂ O, making Seymour a globally significant resource of this highly critical mineral. In partnership with EcoPro Innovation, GT1 also successfully produced battery - grade lithium hydroxide monohydrate (LiOH.H ₂ O) from Seymour spodumene concentrate at EcoPro's South Korean facility. EcoPro processed 600kg of concentrate with recoveries averaging above 94% to achieve a high - purity 56.5% product, significantly de - risking the Company's integrated lithium strategy, and provi ng our concentrates from the mine are amenable to conversion using a standard sulphation roast flow sheet. GT1 continued to advance its Seymour Lithium Project through the first half of the year with Closure plan reviews and technical improvements to reduce the environmental impact, capital and operational cost of the project. This work during the downturn has enabled the project to enter the new financial year in a strong position to achieve the planned milestones for FY27 including a proposed Final Investment Decision (FID). The Company's primary operational focus in the latter stages of the year remained centred on assessing and progressing the Seymour Definitive Feasibility Study, advancing permitting and Indigenous engagement, and securing the funding pathway required to progress the project through to construction.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 12 This growing operational momentum built against a backdrop of growing Canadian government support for critical minerals, as well as a strengthening lithium market. Spodumene prices rose from around US$600 to US$2,300 per tonne (6% SC FOB Australia) over th e reporting period, making lithium a top - performing commodity for the year and marking the welcome end of a near 3 - year lithium bear market. Recognising better conditions, and the years of quality work put into the project throughout the downturn, GT1 rounded off the year with a transformational A$11.0 million recapitalisation. This reinvigorated the Company's financial position and provided th e resources needed to complete the DFS, finalise permitting, and progress the project toward FID. Following the recapitalisation, GT1 strengthened its study and management teams with key metallurgical and principal engineering appointments and engaged an executive search firm to bolster the Board and management with demonstrated Canadian project develo pment and financing experience, including the appointment of Mr Peter Nazareth as Chief Financial Officer post period end. Strategic Partnership Development GT1's strategic partnership with EcoPro Innovation continued during the year, with the partnership advancing the PFS for a proposed Lithium Conversion Facility in Ontario. Work included finalising due diligence on a preferred site in Thunder Bay, with rail access, power, water, gas and port facilities. Given the Company's near - term focus on progressing Seymour to FID, longer - term conversion facility milestones continued to be advanced at a reduced level of activity during parts of the year, with the underly ing partnership and technical collaboration remaining intact. At the end of the period the Company had ceased all spend on the PFS for the conversion facility. The Company's offtake relationship with LG Energy Solution continues to provide strategic validation and market access certainty for planned Seymour production. Government Relations Government sentiment remained strongly supportive of critical minerals development at federal and provincial level, with multiple new policies and funding programs announced during the reporting period. At the federal level, Export Development Canada (EDC) maintained its Letter of Interest to provide financing support of up to C$100 million for the Seymour Project, providing additional time to complete due diligence and internal approvals. The federal government's November 2025 budget introduced a C$2 billion Critical Minerals Sovereign Fund and a First and Last Mile Fund providing up to C$1.5 billion over four years to support infrastructure and project development. GT1 received conditional approval for up to C$5.47 million under the Critical Minerals Infrastructure Fund (CMIF) for the Jackfish and Armstrong Bypass Road Upgrade Project, and submitted further CMIF Round 2 applications to support study workstreams at Se ymour and Root. At provincial level, Ontario launched its “One Project, One Process” (1P1P) framework in October 2025, reducing government review timelines by up to 50% for advanced critical minerals projects and
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 13 providing a single point of contact to coordinate provincial approvals and Indigenous consultation. This streamlined approach will be applicable to the Root project and initial discussions have been held with the ministerial groups to assess the projects r eadiness under the permitting process with follow - up to come. The Seymour project was deemed as significantly advanced in the process not to be able to benefit from the new program. Subsequent to year end, on 8 July 2026, GT1 was awarded a C$500,000 grant through Ontario's Critical Minerals Innovation Fund (CMIF) to support technical studies into process waste - stream characterisation and utilisation, with the first C$200,000 tranche r eceived and work underway. SEYMOUR PROJECT Project Overview The Seymour Project is GT1's most advanced development asset, located near the township of Armstrong, approximately 230km north of the port of Thunder Bay. Throughout the reporting period, the Company 's primary focus was optimising the original site layout and water storage regime along with making the decision to adopt the hybrid open cut/underground combination for extraction. The improvements made have materially moderated the environmental impact of the project with reduced water storage req uirements, waste dump volumes and footprint. These optimisations will also lead to capex reductions. Works continued advancing permitting and approvals, and this work throughout the year has put the project into a strong position to potentially secure fund ing pathways required to reach a Final Investment Decision (FID) in FY27. Development Progress and Milestones Altris Engineering was appointed during the period to lead completion of the Seymour DFS, bringing extensive mining feasibility study experience and allowing GT1 to combine in - house capability with specialist external expertise. The revised layout also ref lects constructive feedback from Indigenous partners. This included substantial design improvements over the prior 2023 Preliminary Economic Assessment, most notably a 45% reduction in project footprint through an optimised water management strategy. This included elimination of the South Dam, a revised minin g strategy with smaller North and South Aubry pits, and incorporation of hybrid open pit/underground mining. The DFS study team was strengthened post the reporting period, with key metallurgical and principal engineering appointments, with completion targeted in the fourth quarter of 2026. The Company elected to publish certain DFS components in accordance with the Canadian NI 43 - 101 Technical Reporting Standard, in addition to the ASX reporting framework, to meet the requirements of government funding agencies and financiers. All mining leases for the construction area were secured during the period, providing full lease coverage over the proposed footprint. The Mine Closure Plan advanced through final preparation stages, with submission targeted for November 2026. This is a ma ndatory regulatory pre - requisite to permitting approval and progression to FID. Ongoing engagement with Indigenous partners continued throughout the year, with formal Impact Benefit Agreement (IBA) negotiations targeted to commence in Q4 2026.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 14 DFS Workstreams The Seymour DFS advanced across site layout and process workstreams throughout the year under Altris Engineering's leadership. The improvements made did require rework of data and engineering which had to be remodelled however the result has been an outsta nding success. Key technical workstreams progressed during the year included: • finalisation of hybrid open pit/underground scheduling; • further definition of site infrastructure, including power supply and site services; • pricing of procurement and construction packages; • comprehensive re - evaluation of key infrastructure aligned with the optimised, footprint - reduced site layout; and • an updated Mineral Resource Estimate fully incorporating the Junior deposit into the mine plan. Site water management was a particular area of technical focus, with the substantial reduction in the Seymour footprint requiring a reworking of site water treatment and discharge arrangements. Quantities and treatment solutions were worked through with go verning bodies, including Ontario's Ministry of the Environment, Conservation and Parks, on allowable discharge limits. In parallel, further optimisation work assessed the optimal mining methodology and the selection of staged open pit and underground development options, with early indications pointing to a relatively low strip ratio and quality ore in the first two years of mining, supporting strong early cash flow generation. These parameters, modelled within a US$1,500 pit shell, are being assessed for the potential to extend the open cut into further stages, with the resulting capital expenditure improvements from reduced earthworks and civil works, combined with optimised mi ning outcomes, forming the base case for the DFS. DFS completion is targeted for the fourth quarter of 2026, however it will be sequenced to align with the Mine Closure Plan submission and broader permitting and regulatory approval timelines. Battery - Grade Lithium Hydroxide Production In partnership with EcoPro Innovation, GT1 successfully produced battery - grade lithium hydroxide monohydrate from Seymour spodumene concentrate at EcoPro's operating facility in Pohang, South Korea. This was the result of more than 12 months' work, including bulk sample extraction from Seymour, concentration replicating the proposed flowsheet, and coordinated pilot testing. The pilot program processed 600kg of concentrate, confirming EcoPro's flowshee t with overall recoveries averaging greater than 94% and producing a high - purity 56.5% LiOH.H ₂ O product with low impurities. This achievement demonstrated the technical viability of GT1's integrated mine - to - chemical strategy and will inform the design criteria for the proposed PFS for a potential Ontario Lithium Conversion Facility.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 15 Tantalum and Rubidium Byproducts A strategic technical review of Seymour's geological database during the year identified a substantial rubidium resource, with a maiden JORC - compliant Mineral Resource of 8.3 million tonnes at 0.27% Rb ₂ O (including a high - grade component of 3.4 million ton nes at 0.40% Rb ₂ O) containing approximately 23,000 tonnes of rubidium oxide. This discovery positions Seymour among the most significant rubidium - bearing lithium projects globally in terms of scale, grade and resource confidence. Preliminary metallurgical studies indicate rubidium recovery may be possible with minimal modification to the existing lithium processing flowsheet, potentially creating an additional revenue stream with limited additional capital expenditure. Rubidium is recognised as a critical mineral by the United States and Japan, with applications in quantum computing, aerospace navigation and high - precision electronics, and high - purity product can trade for around US$1,000/kg. GT1 subsequently identified a second additional critical mineral stream for potential inclusion in the Seymour DFS flowsheet — tantalum, at a feed grade of approximately 160ppm Ta ₂ O ₅ . Rubidium and tantalum are both on the United States Critical Minerals list and offer potential additional by - product revenue that would enhance Seymour's project economics as well as its strategic positioning. This desktop assessment has progressed alongsi de increased engagement from offtake and strategic groups that may assist with project financing. ROOT LITHIUM PROJECT Project Overview Root represents GT1's second - stage development project within its integrated Ontario lithium strategy, with a mineral resource of 20.1 million tonnes at 1.24% Li ₂ O across the Root Bay open pit, Root Bay underground and McCombe deposits. During the reporting period, GT1 continued to advance the permitting requirements necessary for Root, including submission of a draft Project Definition to support discussions with Indigenous communities, stakeholders and government bodies. Th is document assists in establishing environmental assessment procedures, confirming permit requirements, and facilitating consultation processes essential for advancing Root toward mining operations. Essential baseline work continued along the permitting c ritical path throughout the year, with the Company's near - term capital and management focus remaining on Seymour. Outlook GT1's operational priorities for the current reporting period remain focused on completing the Seymour Definitive Feasibility Study, finalising permitting approvals, submission of the Mine Closure Plan, and progressing a financing before a Final Investment Decision. The Company will continue to advance Root, assess a Lithium Conversion in Ontario, progress Indigenous engagement including commencement of Impact Benefit Agreement negotiations, and evaluate the inclusion of additional critical mineral by - product streams of tantalum and rubidium within the Seymour flowsheet.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 16 Disclaimers and Operational and Financial Risks No New Information Except where explicitly stated, this report contains references to prior exploration results, all of which have been cross - referenced to previous market announcements made by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements. The Production Targets and forecast financial information disclosed in this report relating to the Seymour Project are extracted from the Company’s ASX announcement entitled “Optimised Seymour Project PEA Highlights Robust Economics”, dated 21 February 202 5. The Company confirms all material assumptions underpinning the Production Targets and forecast financial information derived from the Production Targets in the initial announcement continue to apply and have not materially changed. The Production Targets and forecast financial information disclosed in this report relating to the Root Project are extracted from the Company’s ASX announcement entitled “Optimised Root Project PEA Highlights Robust Economics”, dated 9 April 2025. The Com pany confirms all material assumptions underpinning the Production Targets and forecast financial information derived from the Production Targets in the initial announcement continue to apply and have not materially changed. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration will result in the determination of Indicated Mineral Resources or that the Production Target itself will be realise d. Forward Looking Statements Certain information in this document refers to the intentions of Green Technology Metals Limited (ASX: GT1), however these are not intended to be forecasts, forward looking statements or statements about the future matters for the purposes of the Corporati ons Act or any other applicable law. Statements regarding plans with respect to GT1’s projects are forward looking statements and can generally be identified by the use of words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions. There can be no assurance that the GT1’s plans for its projects will proceed as expected and there can be no assurance of future events which are subject to risk, uncertainties and oth er actions that may cause GT1’s actual results, performance or achievements to differ from those referred to in this document. While the information contained in this document has been prepared in good faith, there can be given no assurance or guarantee th at the occurrence of these events referred to in the document will occur as contemplated. Accordingly, to the maximum extent permitted by law, GT1 and any of its affiliates and their directors, officers, employees, agents and advisors disclaim any liabilit y whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of, the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward - looking statement or a ny event or results expressed or implied in any forward - looking statement; and do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward - looking statement or any event or results expressed or implied in any forward looking statement; and disclaim all responsibility and liability for these forward - looking statements (including, without limitation, liability for negligence).
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 17 Key Operational and Financial Risks Future capital requirements The Company has no operating revenue and is unlikely to generate any operating revenue unless and until the Projects are successfully developed and production commences. The future capital requirements of the Company will depend on many factors including i ts business development activities. In order to successfully develop the Projects and for production to commence, the Company will require further financing in the future, in addition to amounts raised to date. Any additional equity financing may be dilutive to Shareholders, may be undertake n at lower prices than the then market price (or Offer Price) or may involve restrictive covenants which limit the Company’s operations and business strategy. Debt financing, if available, may involve restrictions on financing and operating activities. Although the Directors believe that additional capital can be obtained, no assurances can be made that appropriate capital or funding, if and when needed, will be available on terms favourable to the Company or at all. If the Company is unable to obtain ad ditional financing as needed, it may be required to reduce the scope of its activities and this could have a material adverse effect on the Company’s activities including resulting in the Claims being subject to forfeiture, and could affect the Company’s a bility to continue as a going concern. The Company may undertake additional offerings of Securities in the future. The increase in the number of Shares issued and outstanding and the possibility of sales of such Shares may have a depressive effect on the price of Shares. In addition, as a resul t of such additional Shares, the voting power of the Company’s existing Shareholders will be diluted. Commodity Price Risk Commodity prices fluctuate due to factors such as global supply and demand, production costs, geopolitical events, and economic conditions. These fluctuations, along with inflation, interest rates, and currency exchange rates, can impact Green Technology M etals’ production, exploration, and ability to secure funding. As lithium mineral products are not exchange - traded, the Company must secure contracts, though favo u rable terms are not guaranteed. Prices depend on market availability, distribution costs, and demand. Volatility in lithium prices, influenced by factors beyond the Company ’s control, could negatively affect its operations.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 18 Exploration and development risk Mineral exploration and development is a high - risk undertaking. There can be no assurance that exploration of the Projects or any other exploration properties that may be acquired in the future will result in the discovery of an economic resource. Even if an apparently viable resource is identified, there is no guarantee that it can be economically exploited due to various issues including lack of ongoing funding, land tenure, land use, adverse government policy, geological conditions, proximity to existing infrastructure and ability to build required additional infrastructure, taxes, royalties, commodity prices or other technical difficulties. The future exploration activities of the Company may be affected by a range of factors including geological conditions, limitations on activities due to seasonal weather patterns, unanticipated operational and technical difficulties, industrial and Mineral exploration and development is a high - risk undertaking. There can be no assurance that exploration of the Projects or any other exploration properties that may be acquired in the future will result in the discovery of an economic resource. Even if an apparently viable resource is identified, there is no guarantee that it can be economically exploited due to various issues including lack of ongoing funding, land tenure, land use, adverse government policy, geological conditions, proximity to existing infrastructure and ability to build required additional infrastructure, taxes, royalties, commodity prices or other technical difficulties. The future exploration activities of the Company may be affected by a range of factors including geological conditions, limitations on activities due to seasonal weather patterns, unanticipated operational and technical difficulties, industrial and environ mental accidents, fires (including forest fires), power failures, labour disputes, native title process, changing government regulations and many other factors beyond the control of the Company. The availability of insurance for such hazards and risks is e xtremely limited or uneconomical at this time. The success of the Company will also depend upon the Company having access to sufficient development capital, being able to maintain title to its Projects and obtaining all required approvals for its activities. In the event that exploration programs are u nsuccessful this could lead to a diminution in the value of its Projects, a reduction in the cash reserves of the Company and possible relinquishment of part or all of its Projects.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 19 Metallurgy Metal and/or mineral recoveries are dependent upon the metallurgical process that is required to liberate economic minerals and produce a saleable product and by nature contain elements of significant risk such as: i. identifying a metallurgical process through test work to produce a saleable metal and/or concentrate; ii. developing an economic process route to produce a metal and/or concentrate; and iii. changes in mineralogy in the ore deposit can result in inconsistent metal recovery, affecting the economic viability of the project. Reliance on key personnel The Company is reliant on a number of key personnel and consultants, including members of the Board and its experienced management team. The loss of one or more of these key contributors could have an adverse impact on the business of the Company. It may be particularly difficult for the Company to attract and retain suitably qualified and experienced people given the current high demand in the industry and relatively small size of the Company, compared with other industry participants. Minerals and currency price volatility The Company’s ability to proceed with the development of its Projects and benefit from any future mining operations will depend on market factors, some of which may be beyond its control. It is anticipated that any revenues derived from mining will primari ly be derived from the sale of lithium. Consequently, any future earnings are likely to be closely related to the price of base metals and the terms of any off - take agreements that the Company enters into. The world market for minerals is subject to many variables and may fluctuate markedly. These variables include world demand for gold that may be mined commercially in the future from the Company’s project areas, forward selling by producers and production cost levels in major mineral - producing regions. Mineral prices are also affected by macroeconomic factors such as general global economic conditions and expectations regarding inflation and interest rates. These factors may have an adverse effect on the Co mpany’s exploration, development and production activities, as well as on its ability to fund those activities. Minerals are principally sold throughout the world in US dollars. The Company’s cost base will be payable in various currencies including Australian dollars and US dollars. As a result, any significant and/or sustained fluctuations in the exchange rate bet ween the Australian dollar and the US dollar could have a materially adverse effect on the Company’s operations, financial position (including revenue and profitability) and performance. The Company may undertake measures, where deemed necessary by the Boa rd to mitigate such risks.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 20 Sovereign risk The Company’s Projects in Canada are subject to the risks associated in operating in a foreign country. These risks may include economic, social or political instability or change, hyperinflation, currency non - convertibility or instability and changes of l aw affecting foreign ownership, government participation, taxation, working conditions, rates of exchange, exchange control, exploration licensing, export duties, repatriation of income or return of capital, environmental protection, labour relations as we ll as government control over natural resources or government regulations that require the employment of local staff or contractors or require other benefits to be provided to local residents. Any future material adverse changes in government policies or legislation in foreign jurisdictions in which the Company has projects that affect foreign ownership, exploration, development or activities of companies involved in exploration and production, may affect the viability and profitability of the Company. First Nations Risk Certain of the Projects may now or in the future be the subject of First Nations land claims. The legal nature of First Nations land claims is a matter of considerable complexity. The impact of any such claim on the Company’s material interest in the Proje cts and/or potential ownership interest in the Projects in the future, cannot be predicted with any degree of certainty and no assurance can be given that a broad recognition of First Nations rights in the areas in which the Projects are located, by way of negotiated settlements or judicial pronouncements, would not have an adverse effect on the Company’s activities. Even in the absence of such recognition, the Company may at some point be required to negotiate with and seek the approval of holders of First Nations interests in order to facilitate exploration and development work on the Company’s mineral properties, there is no assurance that the Company will be able to establish practical working relationships with the First Nations in the area which would allow it to ultimately develop the Company’s mineral properties.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 21 Tenure and land access risk Land access is critical for exploration and/or exploitation to succeed. It requires both access to the mineral rights and access to the surface rights. Minerals rights may be negotiated and acquired. In all cases the acquisition of prospective exploration and mining claims is a competitive business, in which proprietary knowledge or information is critical and the ability to negotiate satisfactory commercial arrangements with other parties is often essential. The Company may not be successful in acquiring o r obtaining the necessary mining claims and access to surface rights required to conduct exploration or evaluation activities outside of the mineral Claims. As the Company’s rights in the Claims may be obtained by grant by regulatory authorities or be subject to contracts with third parties, any third party may terminate or rescind the relevant agreement whether lawfully or not and, accordingly, the Company ma y lose its rights to exclusive use of, and access to any, or all, of the Claims. Third parties may also default on their obligations under the contracts which may lead to termination of the contracts. Additionally, the Company may not be able to access the Claims due to natural disasters or adverse weather conditions, political unrest, hostilities or failure to obtain the relevant approvals and consents. Once a Mining Claim has been registered, a licencee is permitted to enter onto provincial Crown and private lands that are open for exploration covered by Mining Claim(s) and conduct preliminary exploratory and assessment work on the subject lands. Exploratory drilling that uses a drill that weighs less than 150 kilograms requires an exploration plan issued by the Ministry. Exploratory drilling that uses a drill that weighs more than 150 kilograms requires an exploration permit issued by the Ministry (Permit). The Company considers that the existing Permits granted on the Claims are sufficient to facilitate the exploration programme contemplated, however, Permits must be renewed from time to time. Licenses, permits and approvals Many of the mineral rights and interests to be held by the Company are subject to the need for ongoing or new government approvals, licences and permits. These requirements, including work permits and environmental approvals, will change as the Company’s o perations develop. Delays in obtaining, or the inability to obtain, required authorisations may significantly impact on the Company’s operations.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 22 Environmental risk The operations and proposed activities of the Company are subject to Provincial and Federal laws and regulations concerning the environment. The current or future operations of the Company, including exploration and development activities and commencement of production on the Projects, require permits from various governmental authorities. Such operations are governed by laws and regulations that govern prospecting, mining, development, production, taxes, labour standards, occupational health, waste disposa l, toxic substances, land use, environmental protection, mine safety, and other matters. Companies engaged in the development and operation of mines and related facilities generally experience increased costs and delays in production as a result of needing to comply with applicable laws, regulations and permits. There can be no assurance that all permits that the Company requires for future, exploration, development, construction and operation of mining facilities and the conduct of mining operations will b e obtainable on reasonable terms or that such laws and regulations would not have an adverse effect on the operations of the Company. The cost and complexity of complying with the applicable environmental laws and regulations may prevent the Company from being able to develop potentially economically viable mineral deposits. Although the Company believes that it is in compliance in all material respects with all applicable environmental laws and regulations, there are certain risks inherent to its activities, such as accidental spills, leakages or other unforeseen circumstance s, which could subject the Company to extensive liability. Government authorities may, from time to time, review the environmental bonds that are placed on permits. The Directors are not in a position to state whether a review is imminent or whether the outcome of such a review would be detrimental to the funding needs of the Company. Further, the Company may require approval from the relevant authorities before it can undertake activities that are likely to impact the environment. Failure to obtain such approvals will prevent the Company from undertaking its desired activities. The Com pany is unable to predict the effect of additional environmental laws and regulations, which may be adopted in the future, including whether any such laws or regulations would materially increase the Company’s cost of doing business or affect its operation s in any area. There can be no assurances that new environmental laws, regulations or stricter enforcement policies, once implemented, will not oblige the Company to incur significant expenses and undertake significant investments in such respect which could have a mater ial adverse effect on the Company’s business, financial condition and results of operations. There is also a risk that the Company’s operations and financial position may be adversely affected by the actions of environmental groups or any other group or pe rson opposed in general to the Company’s activities and, in particular, the proposed exploration and mining by the Company within the Province of Ontario.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 23 General risks The Company is subject various general risks, including the following (among others): A. economic risk; B. market conditions risk; C. force majeure risk; D. government and legal risk; E. litigation risk; F. insurance risk; G. taxation risk; H. unforeseen expenditure risk; and I. climate change risk.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 24 Directors' Report The directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'consolidated entity') consisting of Green Technology Metals Limited (referred to hereafter as the ' C ompany' or 'parent entity') and the entities it controlled at the end of, or during, the year ended 30 June 2026. Directors The following persons were directors of Green Technology Metals Limited during the whole of the financial year and up to the date of this report, unless otherwise stated: Mr John Young Mr Cameron Henry Mr Patrick Murphy Mr Robin Longley Mr Han Seung Cho Principal Activities The consolidated entity ’s primary focus during the 202 6 financial year was ongoing exploration and e valuation of the Seymour, Root , and Junior Projects (Ontario Lithium Projects) located in Ontario, Canada. Dividends There were no dividends paid, recommended or declared during the current or previous financial year. Review of Operations The loss for the consolidated entity after providing for income tax amounted to $ 4,041,902 (30 June 202 5 : loss of $ 6,699,843 ). The consolidated entity ’s primary focus during the 202 6 financial year was ongoing exploration and evaluation of the Seymour, Root , and Junior Projects (Ontario Lithium Projects) located in Ontario, Canada. Significant Changes in the State of Affairs During the financial year the consolidated entity completed two placements and a rights entitlement offer, raising $15,922,02 7 before costs, of which $15,504,82 7 was received in cash and $417,200 was satisfied by the issue of shares in settlement of amounts owing to creditors. Details of the issues are set out in note 17. In connection with the raisings, 69,061,540 unlisted options were issued to the lead manager and joint lead manager. Following shareholder approval at the 2025 Annual General Meeting and a subsequent grant on 18 June 2026, 39,000,000 performance rights wer e issued to directors. Refer to note 3 1 . Cash and cash equivalents increased from $1,966,529 to $9,245,290 and trade creditors reduced from $4,966,914 to $1,530,446.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 25 There were no other significant changes in the state of affairs of the consolidated entity during the financial year. Matters Subsequent to the End of the Financial Year On 10 September 2026 the Company received formal notice from the Ontario Ministry of Natural Resources confirming completion of the Environmental Assessment process in respect of the Seymour Lithium Project, allowing government agencies to issue permits fo r the development of the project. The financial effect of this matter has not been recognised in the financial statements for the year ended 30 June 2026 as the condition arose after the reporting date, and a reliable estimate of the financial effect canno t be made. Other than the matters disclosed above, n o matter or circumstance has arisen since 30 June 202 6 that has significantly affected, or may significantly affect the consolidated entity's operations, the results of those operations, or the consolidated entity's state of affairs in future financial years . Likely Developments and Expected Results of Operations The consolidated entity intends to continue its exploration, development and production activities on its existing projects and to acquire further suitable projects for exploration as opportunities arise. Environmental regulation The consolidated entity is subject to and is compliant with all aspects of environmental regulation of its exploration and mining activities. The directors are not aware of any environmental law that is not being complied with.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 26 Information on directors Name: John Young Title: Non-Executive Chairman Qualifications: BSc, MBA Experience and expertise: Mr Young is a highly experienced geologist and was co -founder and executive director of successful ASX200 lithium producer Pilbara Minerals Limited (ASX: PLS). Mr Young played a critical role in growing Pilbara from a junior ASX -listed company to a globall y significant $2 billion lithium producer in the Pilbara region of Western Australia. Mr Young currently serves as a non-executive director of ASX-listed Trek Metals Ltd. Other current directorships: Former directorships (last 3 years): Trek Metals Ltd (ASX: TKM) Astute Metals NL (ASX: ASE), Bardoc Gold Limited, RareX Limited (ASX: REE) Special responsibilities: None Interests in shares: 31,038,133 Interests in options: 1,875,000 Interest in performance rights 7,500,000 Name: Cameron Henry Title: Managing Director Qualifications: A.Dip Mech Eng, MPM Experience and expertise: Mr Henry is the founding Managing Director of engineering and construction contractor Primero Group Limited where he has led the Company’s strategic and operational direction resulting in its successful listing on the ASX in 2018 and rapid growth globally. He has been instrumental in positioning the Group to grow within the resources sector as a leader in sub-$300 million CAPEX EPC projects, ensuring it can differentiate its services offering across design, construction and operation. Primero now operates in several regions globally with annual revenues of approximately A$400 million. Mr Henry has over 20 years of industry experience in the development and delivery of minerals processing, energy and infrastructure projects across Australia, Indonesia, North and South America. He has been a member of the Australian Institute of Company Directors since 2013, currently serves as non-executive Chairman at Mont Royal Resources and has previously held non-executive roles with ASX-listed resource company Titan Minerals Limited and RareX Limited. Other current directorships: Mont Royal Resources (ASX: MRZ) Former directorships (last 3 years): RareX Limited (ASX: REE) Special responsibilities: None Interests in shares: 29,805,450 Interests in options: 1,875,000 Interest in performance rights 42,500,000
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 27 Name: Patrick Murphy Title: Non - Executive Director Qualifications: Ba Hons (Law), B Comm Experience and expertise: Mr Murphy is a founding partner of Steamboat Industries, a natural resources focussed private investment group. He was formerly a managing director at the specialist natural resources group AMCI. Mr Murphy is an experienced mining investment professional, having spent 1 8 years at AMCI and the global investment group Macquarie. He has specialised in deploying capital in the raw materials and mining industries for his entire career. Mr Murphy has global experience and a proven pedigree in identifying and successfully execut ing value enhancing initiatives in the industry. He holds board positions for a number of AMCI companies. Other current directorships: Juno Minerals Limited (ASX:JNO), Grid Metals Corp (TSXV: GRDM) Former directorships (last 3 years): Ju pit er M ines Limited (ASX: J MS) Special responsibilities: None Interests in shares: 18,457,698 Interests in options: 1,875,000 Interest in performance rights 5,000,000 Name: Robin Longley (appointed 3 November 2021) Title: Non - Executive Director Qualifications: Bsc Hons (Geology) Experience and expertise: Geologist with extensive experience in global resources across gold, nickel, cobalt, lithium and iron ore sectors. His experience includes Managing Director of Helios Gold Limited and before that was General Manager Geology for Sundance Resources in Africa from 2007 to 2015. Rob has an impressive track record of successfully managing and executing exploration programs in difficult and remote locations and delivering progressive results and Mineral Resources to bring shareholder value and underpin the development of mineral pro jects. Rob is well - respected in the industry for his professional integrity, his resource growth achievements and commercial leadership. Other current directorships: None Former directorships (last 3 years): Ardiden Limited (ASX: ADV) Special responsibilities: None Interests in shares: 2,471,031 Interests in options: 97,403 Interest in performance rights -
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 28 Name: Han Seung Cho (appointed 3 March 2025) Title: Non - Executive Director Qualifications: - Experience and expertise: Han Cho is the General Manager of EcoPro Innovation’s (EcoPro) Strategic Business team, where he has played a key role for over five years. He brings extensive experience in strategic business management, raw material procurement, and project execution. Pr ior to EcoPro, Han managed projects and oversaw sales operations across multiple North American OEMs at an automotive interior parts manufacturing company. At EcoPro, Han has been instrumental in securing long - term raw material offtake agreements, negotiating contracts with equipment suppliers, and supporting the procurement of equipment for EcoPro’s first Lithium Hydroxide Manufacturing (LHM) plant. He also leads key partnerships and investments, driving EcoPro’s mid - to - long term business planning and growth strategy. Other current directorships: None Former directorships (last 3 years): - Special responsibilities: Interests in shares: None Interests in options: - Interest in performance rights - 'Other current directorships' quoted above are current directorships for listed entities only and excludes directorships of all other types of entities, unless otherwise stated. 'Former directorships (last 3 years)' quoted above are directorships held in the last 3 years for listed entities only and excludes directorships of all other types of entities, unless otherwise stated. Company secretary Mr Joel Ives (BA, CA) has held the role of GT1’s Company Secretary since May 2021. M r Ives is currently a Company Secretary of Desert Minerals Limited (ASX:DSM), Lux Copper Corp. Limited (ASX:LUX), Sentinel Metals Limited (ASX:SNM), and Mont Royal Resources Limited (ASX:MRZ, TSXV:MRZL). He is also Joint Company Secretary of Kuniko Limited (ASX: KNI), Break Through Minerals Limited (ASX:BTM) and Recharge Metals Limited (ASX:REC). Meetings of directors The number of meetings of the C ompany's Board of Directors ('the Board') and of each Board committee held during the year ended 30 June 2026, and the number of meetings attended by each director were: Full board Attended Held Mr John Young 6 6 Mr Cameron Henry 6 6 Mr Patrick Murphy 6 6 Mr Robin Longley 6 6 Mr Han Seung Cho 2 6 Held: represents the number of meetings held during the time the director held office or was a member of the relevant committee. At the date of this report, the Remuneration and Nomination Committee and Audit and Risk Committee comprise the full Board of Directors. The Directors believe the Company is not currently of a size nor are its affairs of such complexity to warrant the esta blishment of separate committees. Accordingly, all matters capable of delegation to such committees are considered by the full Board of Directors.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 29 Remuneration report (audited) The remuneration report details the key management personnel remuneration arrangements for the consolidated entity, in accordance with the requirements of the Corporations Act 2001 and its Regulations. Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including all directors. The remuneration report is set out under the following main headings: ● Principles used to determine the nature and amount of remuneration ● Details of remuneration ● Service agreements ● Share - based compensation ● Additional disclosures relating to key management personnel Principles used to determine the nature and amount of remuneration The objective of the consolidated entity's executive reward framework is to ensure reward for performance is competitive and appropriate for the results delivered. The framework aligns executive reward with the achievement of strategic objectives and the c reation of value for shareholders, and it is considered to conform to the market best practice for the delivery of reward. The Board of Directors ('the Board') ensures that executive reward satisfies the following key criteria for good reward governance pr actices: ● competitiveness and reasonableness ● acceptability to shareholders ● performance linkage / alignment of executive compensation ● transparency The Board is responsible for determining and reviewing remuneration arrangements for its directors and executives. The performance of the consolidated entity depends on the quality of its directors and executives. The remuneration philosophy is to attract, motivate and retain high performance and high quality personnel. The reward framework is designed to align executive reward to shareholders' interests. The Board have considered that it should seek to enhance shareholders' interests by: ● having economic profit as a core component of plan design ● focusing on sustained growth in shareholder wealth, consisting of dividends and growth in share price, and delivering constant or increasing return on assets as well as focusing the executive on key non - financial drivers of value ● attracting and retaining high calibre executives Additionally, the reward framework should seek to enhance executives' interests by: ● rewarding capability and experience ● reflecting competitive reward for contribution to growth in shareholder wealth ● providing a clear structure for earning rewards In accordance with best practice corporate governance, the structure of non - executive director and executive director remuneration is separate. Non - executive directors remuneration Fees and payments to non - executive directors reflect the demands and responsibilities of their role. Non - executive directors' fees and payments are reviewed annually by the Board. The Board may, from time to time, receive advice from independent remunerati on consultants to ensure non - executive directors' fees and payments are appropriate and in line with the market. The chairman's fees are determined independently to the fees of other non - executive directors based on comparative roles in the external market . The chairman is not present at any discussions relating to the determination of his own remuneration. Non - executive directors' remuneration comprises fixed fees and statutory superannuation. Non - executive directors do not participate in short - term incentive arrangements. Equity grants to non - executive directors are made only with the prior approval of shar eholders. ASX listing rules require the aggregate non - executive directors' remuneration be determined periodically by a general meeting. The most recent determination was included in the Company’s constitution on the IPO, where the shareholders approved a maximum an nual aggregate remuneration of $500,000.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 30 Executive remuneration The consolidated entity aims to reward executives based on their position and responsibility, with a level and mix of remuneration which has both fixed and variable components. The executive remuneration and reward framework has four components: ● base pay and non - monetary benefits ● short - term performance incentives ● share - based payments ● other remuneration such as superannuation and long service leave The combination of these comprises the executive's total remuneration. Fixed remuneration, consisting of base salary, superannuation and non - monetary benefits, are reviewed annually by the Board based on individual and business unit performance, the overall performance of the consolidated entity and comparable market remunera tions. Executives may receive their fixed remuneration in the form of cash or other fringe benefits (for example motor vehicle benefits) where it does not create any additional costs to the consolidated entity and provides additional value to the executive. The short - term incentives ('STI') program is designed to align the targets of the business units with the performance hurdles of executives. STI payments are granted to executives based on specific annual targets and key performance indicators ('KPI's') be ing achieved. The long - term incentives ('LTI') include long service leave and share - based payments. Shares are awarded to executives over a period of three years based on long - term incentive measures. These include increase in shareholders value relative to the entire m arket and the increase compared to the consolidated entity's direct competitors. The Board reviewed the long - term equity - linked performance incentives specifically for executives during the year ended 30 June 2026. Consolidated entity performance and link to remuneration Remuneration for certain individuals is directly linked to the performance of the consolidated entity. A portion of cash bonus and incentive payments are dependent on defined earnings per share targets being met. The remaining portion of the cash bonus and incentive payments are at the discretion of the Board. Use of remuneration consultants No remuneration consultants were engaged during the financial year ended 30 June 2026. Voting and comments made at the C ompany's 2025 Annual General Meeting ('AGM') At the 2025 AGM, 99.94% of the votes received supported the adoption of the remuneration report for the year ended 30 June 2025. The C ompany did not receive any specific feedback at the AGM regarding its remuneration practices.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 31 Details of remuneration Amounts of remuneration Details of the remuneration of key management personnel of the consolidated entity are set out in the following tables. The key management personnel of the consolidated entity consisted of the following directors of Green Technology Metals Limited: John Young - Non - Executive Chairman Cameron Henry – Managing Director Patrick Murphy - Non - Executive Director Robin Longley - Non - Executive Director Han Seung Cho – Non - Executive Director On 22 nd July 2026, the Company announced the appointment of Peter Nazareth as Chief Financial Officer, effective 1 0 August 2026. There were no other changes since the end of the reporting period. Short - term benefits Post - employ - ment benefits Long - term benefits Share - based payments Cash salary and fees Other Non - monetary Super - annuation Long Service Leave Equity - settled Rights 1 Equity - settled Options Total 2026 $ $ $ $ $ $ $ $ Non - Executive Directors: John Young 65,000 - - 7,800 - 70,058 - 142,858 Patrick Murphy 45,000 - - 5,400 - 84,337 - 134,737 Robin Longley 45,000 - - 5,400 - - - 50,400 Han Seung Cho - - - - - - - - Executive Director: Cameron Henry 418,000 - - 30,000 - 791,327 - 1,239,327 Total 573,000 - - 48,600 - 945,722 - 1,567,32 2 1 Share - based payments are non - cash AASB 2 expenses for performance rights that have not vested. The rights are subject to the conditions outlined in note 31 that have not been met at 30 June 202 6 . If the hurdles are not met by the respective expiry dates, the rights will lapse with no value received by KMP.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 32 Short - term benefits Post - employ - ment benefits Long - term benefits Share - based payments Cash salary Non - Super - Long service Equity - settled Equity - settled and fees Other 1 monetary annuation leave R ights 3 Options 1 Total 2025 $ $ $ $ $ $ $ $ Non - Executive Directors: John Young 65,000 4,500 - 7,475 - - 9,000 85,975 Patrick Murphy 45,000 4,500 - 5,175 - 83,400 9,000 147,075 Robin Longley 45,000 - - 5,175 - - - 50,175 Han Seung Cho - - - - - - - - Executive Director: Cameron Henry 416,000 4,500 - 30,000 - 578,499 9,000 1,037,999 Other Key Management Personnel: Luke Cox 2 40,787 - - 1,875 - - - 42,662 Total 611,787 13,500 - 49,700 - 661,899 27,000 1,363,886 1 Underwriting fee and unlisted options granted to directors in respect of sub - underwriting the rights issue as per the prospectus released on 18 March 2025. 2 Luke Cox resigned as Chief Executive Officer on 19 July 2024. 3 Share - based payments are non - cash AASB 2 expenses for performance rights that have not vested. The rights are subject to the conditions outlined in note 31 that have not been met at 30 June 202 5 . If the hurdles are not met by the respective expiry dates, the rights will lapse with no value received by KMP. The proportion of remuneration linked to performance and the fixed proportion are as follows: Fixed remuneration At risk - STI At risk - LTI Name 2026 2025 2026 2025 2026 2025 Non - Executive Directors: John Young 51% 90% - - 49% 10% Patrick Murphy 37% 37% - - 63% 63% Robin Longley 100% 100% - - - - Han Seung Cho - - - - - - Executive Director: Cameron Henry 36% 43% - - 64% 57% Service agreements Remuneration and other terms of employment for key management personnel are formalised in service agreements. Details of these agreements are as follows: Name: John Young Title: Chairman Appointment date: 25 May 2021 Agreement commenced: 8 November 2021 Details: The Company has entered into a non - executive director and chairman letter of appointment with John Young pursuant to which the Company has agreed to pay Mr Young $65,000 per annum (excluding statutory superannuation) for services provided to the Company as Non - Executive Chairman. The agreement contains additional provisions considered standard for agreements of this nature.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 33 Name: Cameron Henry Title: Managing Director Appointment date: 12 March 2021 (as non - executive) Agreement commenced: 18 September 2023 (as executive director) Details: The Company has entered into an executive service agreement with Cameron Henry pursuant to which the Company has agreed to pay the Executive Director $400,000 per annum (excluding statutory superannuation) for services provided to the Company as Managing D irector. The agreement contains additional provisions considered standard for agreements of this nature. Name: Patrick Murphy Title: Non - Executive Director Appointment date: 6 September 2021 Agreement commenced: 8 November 2021 Details: The Company has entered into a non - executive director letter of appointment with Patrick Murphy pursuant to which the Company has agreed to pay the Non - Executive Director $45,000 per annum (excluding statutory superannuation) for services provided to the C ompany as Non - Executive Director. The agreement contains additional provisions considered standard for agreements of this nature. Name: Robin Longley Title: Non - Executive Director Appointment date: 3 November 2021 Agreement commenced: 8 November 2021 Details: The Company has entered into a non - executive director letter of appointment with Robin Longley pursuant to which the Company has agreed to pay the Non - Executive Director $45,000 per annum (excluding statutory superannuation) for services provided to the Co mpany as Non - Executive Director. The agreement contains additional provisions considered standard for agreements of this nature. Name: Han Seung Cho Title: Non - Executive Director Appointment date: 3 March 2025 Agreement commenced: 3 March 2025 Details: The Company has entered into a non - executive director letter of appointment with Han Seung Cho. The agreement contains additional provisions considered standard for agreements of this nature. Key management personnel have no entitlement to termination payments in the event of removal for misconduct.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals | Page 34 Share - based compensation There are no shares issued to directors and other key management personnel as part of compensation during the year ended 30 June 2026. Issue of Performance Rights Details of performance rights on issue to directors and other key management personnel as part of compensation during the year ended 30 June 2026 are set out below: Name Grant date Number of Performance Rights Tranche Fair value per Performance Right $ Recognised during the year $ Director: John Young 27 November 2025 1,500,000 V 0.0320 28,247 John Young 27 November 2025 1,500,000 W 0.0253 22,372 John Young 27 November 2025 1,500,000 X 0.0209 18,502 John Young 18 June 2026 1,000,000 A 0.0162 479 John Young 18 June 2026 1,000,000 B 0.0127 265 John Young 18 June 2026 1,000,000 C 0.0104 19 3 70,058 Cameron Henry 21 Jun 2022 2,000,000 D 0.5 212 207,364 Cameron Henry 28 November 2023 2,000,000 E 0.3600 142,904 Cameron Henry 28 November 2023 2,000,000 F 0.2101 83,400 Cameron Henry 28 November 2023 2,000,000 G 0.1784 70,817 Cameron Henry 4 December 2024 2,000,000 H 0.0255 21,090 Cameron Henry 4 December 2024 2,000,000 I 0.0217 17,979 Cameron Henry 4 December 2024 2,000,000 J 0.0159 13,156 Cameron Henry 27 November 2025 5,000,000 V 0.0320 94,158 Cameron Henry 27 November 2025 5,000,000 W 0.0253 74,573 Cameron Henry 27 November 2025 5,000,000 X 0.0209 61,673 Cameron Henry 18 June 2026 4,500,000 A 0.0162 2,153 Cameron Henry 18 June 2026 4,500,000 B 0.0127 1,193 Cameron Henry 18 June 2026 4,500,000 C 0.0104 867 791,327 Patrick Murphy 28 November 2023 2,000,000 R 0.2101 83,400 Patrick Murphy 18 June 2026 1,000,000 A 0.0162 479 Patrick Murphy 18 June 2026 1,000,000 B 0.0127 265 Patrick Murphy 18 June 2026 1,000,000 C 0.0104 193 84,337 Total: 945,722 Note : Share - based payments are non - cash AASB 2 expenses for performance rights that have not vested. The rights are subject to the conditions outlined in note 31 that have not been met at 30 June 2026. If the hurdles are not met by the respective expiry dates, t he rights will lapse with no value received by KMP.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 35 Additional disclosures relating to key management personnel Shareholding The number of shares in the C ompany held during the financial year by each director and other members of key management personnel of the consolidated entity, including their personally related parties, is set out below: Balance at Received Balance at the start of as part of Disposals/ the end of the year remuneration Additions Other the year Ordinary shares John Young 12,130,000 - 18,908,133 - 31,038,133 Cameron Henry 16,542,398 - 13,263,052 - 29,805,450 Patrick Murphy 7,612,610 - 10,845,088 - 18,457,698 Robin Longley 1,889,611 - 581,420 - 2,471,031 Han Seung Cho - - - - - 38,174,619 - 43,597,693 - 81,772,312 Performance rights The number of performance rights in the C ompany held during the financial year by each director and other members of key management personnel of the consolidated entity, including their personally related parties, is set out below: Balance at Received Converted to shares Cancelled / Other Balance at the start of as part of the end of the year remuneration Additions the year Performance rights John Young - 7,500,000 - - - 7,500,000 Cameron Henry 14,000,000 28,500,000 - - - 42,500,000 Patrick Murphy 2,000,000 3,000,000 - - - 5,000,000 Robin Longley - - - - - - Han Seung Cho - - - - - - 16,000,000 39,000,000 - - - 55,000,000 Options The number of options in the C ompany held during the financial year by each director and other members of key management personnel of the consolidated entity, including their personally related parties, is set out below: Balance at Received Converted to shares Cancelled / forfeited Balance at the start of as part of the end of the year remuneration Additions the year Options John Young 1,875,000 - - - - 1,875,000 Cameron Henry 1,875,000 - - - - 1,875,000 Patrick Murphy 1,875,000 - - - - 1,875,000 Robin Longley 97,403 - - - - 97,403 Han Seung Cho - - - - - - 5,722,403 - - - - 5,722,403 Convertible Notes The Company did not issue nor have any outstanding convertible notes at the reporting date. Related party transactions The consolidated entity has the following related party transactions during the year: $56,373 to Churchill for rent and outgoings (2025: $53,900) and has $4,950 outstanding at the end of the reporting period. Terms and conditions All transactions were made on normal commercial terms and conditions and at market rates.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 36 The earnings of the consolidated entity for the five years to 30 June 2026 are summarised below: 2026 2025 2024 2023 2022 $ $ $ $ $ Revenue 83,630 3,084,878 2,608,659 724,372 - EBITDA (3,870,760) (3,868,361) (5,862,362) (9,022,663) (4,835,687) EBIT (4,061,251) (4,381,372) (6,364,868) (9,370,084) (4,900,747) Loss after income tax (4,041,902) (6,699,843) (7,170,198) (8,695,954) (4,907,804) The factors that are considered to affect total shareholders return ('TSR') are summarised below: 2026 2025 2024 2023 2022 Share price at financial year end ($) 0.019 0.019 0.077 0.730 0.630 Total dividends declared (cents per share) - - - - - Basic loss per share (cents per share) (0.65) (1.71) (2.39) (3.41) (3.73) This concludes the remuneration report, which has been audited. Shares under option Unlisted options of Green Technology Metals Limited at the date of this report are as follows: Exercise Number Grant date Expiry date price of option 24/04/2025 24/04/2028 $0.060 18,479,509 05/05/2025 24/04/2028 $0.060 3,125,000 08/05/2025 08/05/2028 $0.060 18,750,000 08/05/2025 08/05/2028 $0.060 1,359,322 08/05/2025 08/05/2028 $0.080 1,359,322 08/05/2025 08/05/2028 $0.100 1,359,322 27/11/2025 0 2 /12/2028 $0.040 6,000,000 18/06/2026 23/06/2029 $0.030 31,530,770 18/06/2026 23/06/2029 $0.040 31,530,770 No person entitled to exercise the options had or has any right by virtue of the option to participate in any share issue of the C ompany or of any other body corporate.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 37 Shares under performance rights Performance rights of Green Technology Metals Limited at the date of this report are as follows: Class Grant date Number of performance rights Class A 10/09/2021 333,333 Class B 10/09/2021 333,333 Class C 10/09/2021 333,334 Class A 02/12/2021 166,667 Class B 02/12/2021 166,667 Class C 02/12/2021 166,666 Class D 21/06/2022 2,000,000 Class H 27/03/2023 250,000 Class N 27/03/2023 250,000 Class O 28/11/2023 2,650,000 Class P 28/11/2023 900,000 Class Q 11/10/2023 500,000 Class R 28/11/2023 4,000,000 Class S 28/11/2023 2,000,000 Class U 28/11/2024 6,000,000 Class V 27/11/2025 6,500,000 Class W 27/11/2025 6,500,000 Class X 27/11/2025 6,500,000 Class A 18/06/2026 6,500,000 Class B 18/06/2026 6,500,000 Class C 18/06/2026 6,500,000 Shares issued on the conversion of performance rights The following fully paid ordinary shares in Green Technology Metals Limited were issued during or since the end of the financial year as a result of the conversion of performance rights. No amounts are unpaid on any of the shares. Date of issue Number of shares Class Amount paid Amount unpaid 7 September 2026 4,000,000 Ordinary fully paid Nil Nil No further shares have been issued as a result of the conversion of performance rights since the end of the financial year and up to the date of this report. Indemnity and insurance of officers The C ompany has indemnified the directors and executives of the C ompany for costs incurred, in their capacity as a director or executive, for which they may be held personally liable, except where there is a lack of good faith. During the financial year, the C ompany paid a premium in respect of a contract to insure the directors and executives of the C ompany against a liability to the extent permitted by the Corporations Act 2001 . The contract of insurance prohibits disclosure of the nature of the liability and the amount of the premium. Indemnity and insurance of auditor The C ompany has not, during or since the end of the financial year, indemnified or agreed to indemnify the auditor of the C ompany or any related entity against a liability incurred by the auditor. During the financial year, the C ompany has not paid a premium in respect of a contract to insure the auditor of the C ompany or any related entity. Proceedings on behalf of the C ompany No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of the C ompany, or to intervene in any proceedings to which the C ompany is a party for the purpose of taking responsibility on behalf of the company for all or part of those proceedings.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 38 Non-audit services The Company may decide to employ the auditor on assignments additional to their statutory audit duties where the auditor’s expertise and experience with the Company and/or the group are important. There were no amounts paid or payable to the auditor for non -audit services provided during the year by the auditor, as outlined in note 22 to the financial statements. The Board of Directors has considered the position and is satisfied that the provision of the non-audit services is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001. The Directors are satisfied that the provision of non -audit services by the auditors, did not compromise the auditor independence requirements of the Corporations Act 2001 for the following reasons: all non-audit services have been reviewed by the Board of Directors to ensure they do not impact the impartiality and objectivity of the auditor; and None of the services undermine the general principles relating to the auditor independence as set out in APES 110 Code of Ethics for Professional Accountants issued by the Accounting Professional and Ethical Standards Board, including reviewing or auditing the auditor's own work, acting in a management or decision -making capacity for the Company, acting as advocate for the Company or jointly sharing economic risks and rewards. Officers of the Company who are former partners of RSM Australia Partners There are no officers of the Company who are former partners of RSM Australia Partners. Rounding of amounts The Company is of a kind referred to in Corporations Instrument 20 26/183, issued by the Australian Securities and Investments Commission, relating to ‘rounding -off’. Amounts in this report have been rounded off in accordance with that Corporations Instrument to the nearest dollar. Auditor's independence declaration A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out immediately after this directors' report. Auditor RSM Australia Partners continues in office in accordance with section 327 of the Corporations Act 2001. This report is made in accordance with a resolution of directors, pursuant to section 298(2)(a) of the Corporations Act 2001. On behalf of the directors ___________________________ John Young Chairman 29 September 2026 Perth
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 39 Corporate Governance Statement Green Technology Metals Limited and the Board are committed to achieving the highest standards of corporate g overnance. Green Technology Metals Limited has reviewed its corporate governance practices against the Corporate Governance Principles and Recommendations (4 th edition) published by the ASX Corporate Governance Council. The 2026 corporate governance statement is dated 29 September 2026 and reflects the corporate governance practices in place throughout the 2026 financial year. The 2026 corporate governance statement was approved by the Board on 29 September 2026. A description of the entity’s current corporate govern ance practices is set out in the entity’s corporate governance statement which can be viewed on the consolidated entity’s website at www.greentm.com.au .
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RSM Australia Partners is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practices in its own right. The RSM network is not itself a separate legal entity in any jurisdiction. RSM Australia Partners ABN 36 965 185 036 Liability limited by a scheme approved under Professional Standards Legislation RSM Australia Partners Level 32 Exchange Tower, 2 The Esplanade Perth WA 6000 GPO Box R1253 Perth WA 6844 T +61 (0) 8 9261 9100 www.rsm.com.au AUDI TOR’S INDEPENDENCE DECLARATION UNDER SECTION 307C OF THE CORPORATIONS ACT 2001 TO THE DIRECTORS OF GREEN TECHNOLOGY METALS LIMITED A s lead auditor for the audit of the financial report of Green Technology Metals Limited for the year ended 30 June 2026, I declare that, to the best of my knowledge and belief, there have been no contraventions of: ( i) the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and ( ii) any applicable code of professional conduct in relation to the audit. R SM AUSTRALIA T UTU PHONG Perth, WA Dated: 29 September 2026 Partner
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals | Page 41 General information The financial statements cover Green Technology Metals Limited as a consolidated entity consisting of Green Technology Metals Limited and the entities it controlled at the end of, or during, the year. The financial statements are presented in Australian dollars, which is Green Technology Metals Limited's functional and presentation currency. Green Technology Metals Limited is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business are: Registered office Principal place of business Level 1, 1 Alvan Street Level 1, 1 Alvan Street Subiaco WA 6008 Subiaco WA 6008 A description of the nature of the consolidated entity's operations and its principal activities are included in the directors' report, which is not part of the financial statements. The financial statements were authorised for issue, in accordance with a resolution of directors, on 29 September 2026. The directors have the power to amend and reissue the financial statements.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Consolidated Statement of Profit or Loss and Other Comprehensive Income Consolidated Note 2026 2025 $ $ The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes Green Technology Metals | Page 42 Other Income Interest income 44,325 137,862 Other income 39,305 262,775 Flow - through premium income - 2,684,241 Expenses Administrative expenses 4 (555,965) (856,496) Compliance and regulatory expenses (117,640) (102,254) Consulting and legal expenses (577,084) (2,021,178) Employee benefit expenses (1,336,959) (1,643,737) Occupancy costs (199,760) (154,735) Exploration expensed (44,960) (909,849) Travel, flights & conferences 4 (211,877) (268,692) Loss on disposal of property, plant and equipment (2,022) - Interest tax penalty - (185,011) Share - based payment expense 31 (998,855) (658,297) Foreign exchange gain/(loss) 90,732 (15,128) Depreciation expenses 9,10 (190,491) (513,011) Interest expense (166,215) (58,105) Loss before income tax expense (4,227,466) (4,301,615) Income tax benefit/( expense ) 5 185,564 (2,398,228) Loss after income tax expense for the year (4,041,902) (6,699,843) Items that may be reclassified subsequently to profit or loss Foreign currency translation (8,262,742) 1,978,008 Other comprehensive (loss)/income for the year, net of tax (8,262,742) 1,978,008 Total comprehensive loss attributable to the members of Green Technology Metals Limited (12,304,644) (4,721,835) Cents Cents Loss per share Basic loss per share 30 (0.65) (1.71) Diluted loss per share 30 (0.65) (1.71)
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Consolidated Statement of Financial Position Consolidated Note 2026 2025 $ $ The above consolidated statement of financial position should be read in conjunction with the accompanying notes Green Technology Metals Ltd | Page 43 Assets Current assets Cash and cash equivalents 6 9,245,290 1,966,529 Trade and other receivables 7 88,629 138,875 Prepayments and deposits 8 21,096 417,939 Total current assets 9,355,015 2,523,343 Non - current assets Property, plant and equipment 9 232,01 0 311,659 Exploration and evaluation expenditure 11 102,523,987 109,621,633 Leases – right - of - use 10 38,440 229,158 Total non - current assets 102,794,437 110,162,450 Total assets 112,149,452 112,685,793 Liabilities Current liabilities Trade and other payables 12 1,811,498 5,154,911 Accruals 14 740,012 1,352,872 Deferred income: Government grant 15 204,492 - Lease liabilities 13 23,596 174,513 Total current liabilities 2,779,598 6,682,296 Non - current liabilities Lease liabilities 16 15,707 34,599 Deferred tax liabilities 5 3,573,379 3,758,943 Total non - current liabilities 3,589,086 3,793,542 Total liabilities 6,368,684 10,475,838 Net assets 105,780,768 102,209,955 Equity Issued capital 17 139,510,945 125,454,670 Reserves 18 (2, 087,047 ) 4,356,513 Accumulated losses 19 (31,643,130) (27,601,228) Total equity 105,780,768 102,209,955
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes Green Technology Metals Ltd | Page 44 Consolidated Statement of Changes in Equity Issued Options & Share Based payments Foreign Currency Accumulated Total equity capital Reserves Reserve Losses Consolidated $ $ $ $ $ Balance at 1 July 2024 113,853,043 3,857,966 (1,676,654) (20,901,385) 95,132,970 Loss for the year - - - (6,699,843) (6,699,843) Other comprehensive loss for the year - - 1,978,008 - 1,978,008 Total comprehensive loss for the year - - 1,978,008 (6,699,843) (4,721,835) Transactions with owners in their capacity as owners: Contributions of equity 11,456,718 - - - 11,456,718 Share issue costs (529,091) 212,896 - - (316,195) Share - based payments - 658,297 - - 658,297 Conversion of performance rights 674,000 (674,000) - - - Balance at 30 June 2025 125,454,670 4,055,159 301,354 (27,601,228) 102,209,955 Issued Options & Share Based payments Foreign Currency Accumulated Total equity capital Reserves Reserve Losses Consolidated $ $ $ $ $ Balance at 1 July 2025 125,454,670 4,055,159 301,354 (27,601,228) 102,209,955 Loss for the year - - - (4,041,902) (4,041,902) Other comprehensive loss for the year - - (8,262,742) - (8,262,742) Total comprehensive loss for the year - - (8,262,742) (4,041,902) (12,304,644) Transactions with owners in their capacity as owners: Contributions of equity (note 17) 15,504,82 7 - - - 15,504,82 7 Share issue costs (note 17 & 31) (1,045, 425 ) - - (1,045, 425 ) Share - based payments (note 31) - 998,855 - - 998,855 Shares issued to creditors 417,200 - - - 417,200 Unlisted broker options – share issue costs (note 31 ) ( 820, 327 ) 820,327 - - - Balance at 30 June 2026 139,510,945 5, 874,341 (7,961,388) (31,643,130) 105,780,768
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Consolidated Statement of Cash Flows Consolidated Note 2026 2025 $ $ The above consolidated statement of cash flows should be read in conjunction with the accompanying notes Green Technology Metals Ltd | Page 45 Cash flows from operating activities Payments to suppliers and employees (inclusive of GST) (3,292,430) (4,019,264) Interest received 44,325 137,862 Interest and other finance costs paid (106,951) (28,593) Interest payment on leases (5,848) (29,512) Exploration expensed (17,674) (542,390) Government grants received in advance 213,833 - Net cash used in operating activities 29 (3,164,745) (4,481,897) Cash flows from investing activities Payments for exploration and evaluation (3,741,604) (10,718,817) Purchase of property, plant and equipment - (4,861) Net cash used in investing activities (3,741,604) (10,723,678) Cash flows from financing activities Proceeds from issue of shares 17 15,504, 827 11,456,718 Share issue transaction costs (1,045, 425 ) (316,195) Repayment of lease liabilities (230, 078 ) (449,777) Net cash from financing activities 14,229,324 10,690,746 Net increase/(decrease) in cash and cash equivalents 7,322,975 (4,514,829) Cash and cash equivalents at the beginning of the financial year 1,966,529 6,407,949 Effects of exchange rate changes on cash and cash equivalents (44,214) 73,409 Cash and cash equivalents at the end of the financial year 6 9,245,290 1,966,529 Add: Other financial assets - term deposits at bank - - Cash and cash equivalents and other financial assets – term deposits at the end of the financial year 9,245,290 1,966,529
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 46 1. Material accounting policy information The material accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. New or amended Accounting Standards and Interpretations adopted The consolidated entity has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (‘AASB’) that are mandatory for the current reporting period. Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. Basis of preparation These general purpose financial statements have been prepared in accordance with Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (‘AASB’) and the Corporations Act 2001 , as appropriate for for - profit oriented entities. These financial statements also comply with IFRS Accounting Standards as issued by the International Accounting Standards Board (‘IASB’). Historical cost convention The financial statements have been prepared under the historical cost convention, except for, where applicable, the revaluation of financial assets and liabilities at fair value through profit or loss, financial assets at fair value through other comprehen sive income, investment properties, certain classes of property, plant and equipment and derivative financial instruments. Critical accounting estimates The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the consolidated entity’s accounting policies. The areas involving a hig her degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2. Parent entity information In accordance with the Corporations Act 2001 , these financial statements present the results of the consolidated entity only. Supplementary information about the parent entity is disclosed in note 2 7 . Principles of consolidation The consolidated financial statements incorporate the assets and liabilities of all subsidiaries of Green Technology Metals Limited (‘ C ompany’ or ‘parent entity’) as at 30 June 2026 and the results of all subsidiaries for the year then ended. Green Technology Metals Limited and its subsidiaries together are referred to in these financial statements as the ‘consolidated entity’. Subsidiaries are all those entities over which the consolidated entity has control. The consolidated entity controls an entity when the consolidated entity is exposed to, or has rights to, variable returns from its involvement with the entity and has the a bility to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the consolidated entity. They are de - consolidated from the date that control cease s. Intercompany transactions, balances and unrealised gains on transactions between entities in the consolidated entity are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of the impairment of the asset transferred. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the consolidated entity. The acquisition of subsidiaries is accounted for using the acquisition method of accounting. A change in ownership interest, without the loss of control, is accounted for as an equity transaction, where the difference between the consideration transferred and the book value of the share of the non - controlling interest acquired is recognised directly in equity attributable to the parent. Non - controlling interest in the results and equity of subsidiaries are shown separately in the statement of profit or loss and other comprehensive income, statement of financial position and statement of changes in equity of the consolidated entity. Losses incurred by the consolidated entity are attributed to the non - controlling interest in full, even if that results in a deficit balance.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Note 1 . Material accounting policy information (continued) Green Technology Metals Ltd | Page 47 Where the consolidated entity loses control over a subsidiary, it derecognises the assets including goodwill, liabilities and non - controlling interest in the subsidiary together with any cumulative translation differences recognised in equity. The consolid ated entity recognises the fair value of the consideration received and the fair value of any investment retained together with any gain or loss in profit or loss. Operating segments Operating segments are presented using the ‘management approach’, where the information presented is on the same basis as the internal reports provided to the Chief Operating Decision Makers (‘CODM’). The CODM is responsible for the allocation of resources to operating segments and assessing their performance. Foreign currency translation The financial statements are presented in Australian dollars, which is Green Technology Metals Limited’s functional and presentation currency. Foreign currency transactions Foreign currency transactions are translated into Australian dollars using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at fina ncial year - end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss. Foreign operations The assets and liabilities of foreign operations are translated into Australian dollars using the exchange rates at the reporting date. The revenues and expenses of foreign operations are translated into Australian dollars using the average exchange rates, which approximate the rates at the dates of the transactions, for the period. All resulting foreign exchange differences are recognised in other comprehensive income through the foreign currency reserve in equity. The foreign currency reserve is recognised in profit or loss when the foreign operation or net investment is disposed of. Revenue recognition The consolidated entity recognises revenue as follows: Interest Interest revenue is recognised as interest accrues using the effective interest method. This is a method of calculating the amortised cost of a financial asset and allocating the interest income over the relevant period using the effective interest rate, w hich is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to the net carrying amount of the financial asset. Other revenue Other revenue is recognised when it is received or when the right to receive payment is established. Income tax The income tax expense or benefit for the period is the tax payable on that period’s taxable income based on the applicable income tax rate for each jurisdiction, adjusted by the changes in deferred tax assets and liabilities attributable to temporary diff erences, unused tax losses and the adjustment recognised for prior periods, where applicable. Deferred tax assets and liabilities are recognised for temporary differences at the tax rates expected to be applied when the assets are recovered or liabilities are settled, based on those tax rates that are enacted or substantively enacted, except for: ● When the deferred income tax asset or liability arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and that, at the time of the transaction, affects neither the accounting nor taxabl e profits; or ● When the taxable temporary difference is associated with interests in subsidiaries, associates or joint ventures, and the timing of the reversal can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets are recognised for deductible temporary differences and unused tax losses only if it is probable that future taxable amounts will be available to utilise those temporary differences and losses.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Note 1 . Material accounting policy information (continued) Green Technology Metals Ltd | Page 48 The carrying amount of recognised and unrecognised deferred tax assets are reviewed at each reporting date. Deferred tax assets recognised are reduced to the extent that it is no longer probable that future taxable profits will be available for the carryin g amount to be recovered. Previously unrecognised deferred tax assets are recognised to the extent that it is probable that there are future taxable profits available to recover the asset. Deferred tax assets and liabilities are offset only where there is a legally enforceable right to offset current tax assets against current tax liabilities and deferred tax assets against deferred tax liabilities; and they relate to the same taxable author ity on either the same taxable entity or different taxable entities which intend to settle simultaneously. Current and non - current classification Assets and liabilities are presented in the statement of financial position based on current and non - current classification. An asset is classified as current when: it is either expected to be realised or intended to be sold or consumed in the consolidated entity’s normal operating cycle; it is held primarily for the purpose of trading; it is expected to be realised within 12 mo nths after the reporting period; or the asset is cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least 12 months after the reporting period. All other assets are classified as non - current. A liability is classified as current when: it is either expected to be settled in the consolidated entity’s normal operating cycle; it is held primarily for the purpose of trading; it is due to be settled within 12 months after the reporting period; or the re is no right at the end of the reporting period to defer the settlement of the liability for at least 12 months after the reporting period. All other liabilities are classified as non - current. Deferred tax assets and liabilities are always classified as non - current. Cash and cash equivalents Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short - term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. For the statement of cash flows presentation purposes, cash and cash equivalents also includes bank overdrafts, which are shown within borrowings in current liabilities on the statement of financia l position. Trade and other receivables Trade receivables are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less any allowance for expected credit losses. Trade receivables are generally due for settlement within 30 days. The consolidated entity has applied the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance. To measure the expected credit losses, trade receivables have been grouped based on days overdue. Other receivables are recognised at amortised cost, less any allowance for expected credit losses. Investments and other financial assets Investments and other financial assets are initially measured at fair value. Transaction costs are included as part of the initial measurement, except for financial assets at fair value through profit or loss. Such assets are subsequently measured at eithe r amortised cost or fair value depending on their classification. Classification is determined based on both the business model within which such assets are held and the contractual cash flow characteristics of the financial asset unless an accounting mism atch is being avoided. Financial assets are derecognised when the rights to receive cash flows have expired or have been transferred and the consolidated entity has transferred substantially all the risks and rewards of ownership. When there is no reasonable expectation of recov ering part or all of a financial asset, its carrying value is written off.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Note 1 . Material accounting policy information (continued) Green Technology Metals Ltd | Page 49 Financial assets at fair value through profit or loss Financial assets not measured at amortised cost or at fair value through other comprehensive income are classified as financial assets at fair value through profit or loss. Typically, such financial assets will be either: (i) held for trading, where they a re acquired for the purpose of selling in the short - term with an intention of making a profit, or a derivative; or (ii) designated as such upon initial recognition where permitted. Fair value movements are recognised in profit or loss. Financial assets at fair value through other comprehensive income Financial assets at fair value through other comprehensive income include equity investments which the consolidated entity intends to hold for the foreseeable future and has irrevocably elected to classify them as such upon initial recognition. Impairment of financial assets The consolidated entity recognises a loss allowance for expected credit losses on financial assets which are either measured at amortised cost or fair value through other comprehensive income. The measurement of the loss allowance depends upon the consolid ated entity’s assessment at the end of each reporting period as to whether the financial instrument’s credit risk has increased significantly since initial recognition, based on reasonable and supportable information that is available, without undue cost o r effort to obtain. Where there has not been a significant increase in exposure to credit risk since initial recognition, a 12 - month expected credit loss allowance is estimated. This represents a portion of the asset’s lifetime expected credit losses that is attributable to a default event that is possible within the next 12 months. Where a financial asset has become credit impaired or where it is determined that credit risk has increased significantly, the loss allowance is based on the asset’s lifetime expected credit losses . The amount of expected credit loss recognised is measured on the basis of the probability weighted present value of anticipated cash shortfalls over the life of the instrument discounted at the original effective interest rate. For financial assets mandatorily measured at fair value through other comprehensive income, the loss allowance is recognised in other comprehensive income with a corresponding expense through profit or loss. In all other cases, the loss allowance reduces t he asset’s carrying value with a corresponding expense through profit or loss. Property, plant and equipment Plant and equipment is stated at historical cost less accumulated depreciation and impairment. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Depreciation is calculated on a straight - line basis to write off the net cost of each item of property, plant and equipment (excluding land) over their expected useful lives as follows: Computer equipment 2 - 4 years Office equipment 3 - 10 years Exploration equipment 3 - 20 years Motor vehicles 3 - 8 years The residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each reporting date. An item of property, plant and equipment is derecognised upon disposal or when there is no future economic benefit to the consolidated entity. Gains and losses between the carrying amount and the disposal proceeds are taken to profit or loss. Any revaluati on surplus reserve relating to the item disposed of is transferred directly to retained profits. Right - of - use assets A right - of - use asset is recognised at the commencement date of a lease. The right - of - use asset is measured at cost, which comprises the initial amount of the lease liability, adjusted for, as applicable, any lease payments made at or before the commencemen t date net of any lease incentives received, any initial direct costs incurred, and, except where included in the cost of inventories, an estimate of costs expected to be incurred for dismantling and removing the underlying asset, and restoring the site or asset.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Note 1 . Material accounting policy information (continued) Green Technology Metals Ltd | Page 50 Right - of - use assets are depreciated on a straight - line basis over the unexpired period of the lease or the estimated useful life of the asset, whichever is the shorter. Where the consolidated entity expects to obtain ownership of the leased asset at the en d of the lease term, the depreciation is over its estimated useful life. Right - of use assets are subject to impairment or adjusted for any remeasurement of lease liabilities. The consolidated entity has elected not to recognise a right - of - use asset and corresponding lease liability for short - term leases with terms of 12 months or less and leases of low - value assets. Lease payments on these assets are expensed to profit or loss as incurred. Exploration and evaluation assets Exploration and evaluation expenditure in relation to separate areas of interest for which rights of tenure are current is carried forward as an asset in the statement of financial position where it is expected that the expenditure will be recovered throug h the successful development and exploitation of an area of interest, or by its sale; or exploration activities are continuing in an area and activities have not reached a stage which permits a reasonable estimate of the existence or otherwise of economica lly recoverable reserves. Where a project or an area of interest has been abandoned, the expenditure incurred thereon is written off in the year in which the decision is made. Impairment of non - financial assets Non - financial assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recovera ble amount. Recoverable amount is the higher of an asset’s fair value less costs of disposal and value - in - use. The value - in - use is the present value of the estimated future cash flows relating to the asset using a pre - tax discount rate specific to the asset or cash - ge nerating unit to which the asset belongs. Assets that do not have independent cash flows are grouped together to form a cash - generating unit. Trade and other payables These amounts represent liabilities for goods and services provided to the consolidated entity prior to the end of the financial year and which are unpaid. Due to their short - term nature they are measured at amortised cost and are not discounted. The amoun ts are unsecured and are usually paid within 30 days of recognition. Government grants Government grants are recognised where there is reasonable assurance that the grant will be received and all attaching conditions will be complied with. Grants received before the related conditions are satisfied are recognised as deferred income. Grants r elating to exploration and evaluation expenditure are deducted from the carrying amount of the related asset. Lease liabilities A lease liability is recognised at the commencement date of a lease. The lease liability is initially recognised at the present value of the lease payments to be made over the term of the lease, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the consolidated entity’s incremental borrowing rate. Lease payments comprise of fixed payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, amounts expected to be paid under residual value guarantees, exercise price of a purchase option when the exercise of the option is reasonably certain to occur, and any anticipated termination penalties. The variable lease payments that do not depend on an index or a rate are expensed in the period in which they are incurred. Lease liabilities are measured at amortised cost using the effective interest method. The carrying amounts are remeasured if there is a change in the following: future lease payments arising from a change in an index or a rate used; residual guarantee; lea se term; certainty of a purchase option and termination penalties. When a lease liability is remeasured, an adjustment is made to the corresponding right - of use asset, or to profit or loss if the carrying amount of the right - of - use asset is fully written d own. Finance costs Finance costs attributable to qualifying assets are capitalised as part of the asset. All other finance costs are expensed in the period in which they are incurred.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Note 1 . Material accounting policy information (continued) Green Technology Metals Ltd | Page 51 Provisions Provisions are recognised when the consolidated entity has a present (legal or constructive) obligation as a result of a past event, it is probable the consolidated entity will be required to settle the obligation, and a reliable estimate can be made of th e amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. If the t ime value of money is material, provisions are discounted using a current pre - tax rate specific to the liability. The increase in the provision resulting from the passage of time is recognised as a finance cost. Employee benefits Short - term employee benefits Liabilities for wages and salaries, including non - monetary benefits, annual leave and long service leave expected to be settled wholly within 12 months of the reporting date are measured at the amounts expected to be paid when the liabilities are settled. Other long - term employee benefits The liability for annual leave and long service leave not expected to be settled within 12 months of the reporting date are measured at the present value of expected future payments to be made in respect of services provided by employees up to the reportin g date using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are discounted using market yields at the reporting date on corporate bonds with terms to maturity and currency that match, as closely as possible, the estimated future cash outflows. Defined contribution superannuation expense Contributions to defined contribution superannuation plans are expensed in the period in which they are incurred. Share - based payments Equity - settled and cash - settled share - based compensation benefits are provided to employees. Equity - settled transactions are awards of shares, or options over shares, that are provided to employees in exchange for the rendering of services. Cash - settled transactions are awards of cash for the exchange of services, where the amount of cash is deter mined by reference to the share price. The cost of equity - settled transactions are measured at fair value on grant date. Fair value is independently determined using an appropriate valuation model that takes into account the exercise price, the term of the option, the impact of dilution, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk free interest rate for the term of the option, together with non - vesting conditions that do not determine whether the consolidated entity receives the services that entitle the employees to receive payment. No account is taken of any other vesting conditions. The cost of equity - settled transactions are recognised as an expense with a corresponding increase in equity over the vesting period. The cumulative charge to profit or loss is calculated based on the grant date fair value of the award, the best estimate o f the number of awards that are likely to vest and the expired portion of the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous peri ods. The cost of cash - settled transactions is initially, and at each reporting date until vested, determined by applying an appropriate valuation model, taking into consideration the terms and conditions on which the award was granted. The cumulative charge to profit or loss until settlement of the liability is calculated as follows: ● during the vesting period, the liability at each reporting date is the fair value of the award at that date multiplied by the expired portion of the vesting period. ● from the end of the vesting period until settlement of the award, the liability is t he full fair value of the liability at the reporting date. All changes in the liability are recognised in profit or loss. The ultimate cost of cash - settled transactions is the cash paid to settle the liability. Market conditions are taken into consideration in determining fair value. Therefore any awards subject to market conditions are considered to vest irrespective of whether or not that market condition has been met, provided all other conditions are satisfie d.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Note 1 . Material accounting policy information (continued) Green Technology Metals Ltd | Page 52 If equity - settled awards are modified, as a minimum an expense is recognised as if the modification has not been made. An additional expense is recognised, over the remaining vesting period, for any modification that increases the total fair value of the s hare - based compensation benefit as at the date of modification. If the non - vesting condition is within the control of the consolidated entity or employee, the failure to satisfy the condition is treated as a cancellation. If the condition is not within the control of the consolidated entity or employee and is not satis fied during the vesting period, any remaining expense for the award is recognised over the remaining vesting period, unless the award is forfeited. If equity - settled awards are cancelled, it is treated as if it has vested on the date of cancellation, and any remaining expense is recognised immediately. If a new replacement award is substituted for the cancelled award, the cancelled and new award is tr eated as if they were a modification. Fair value measurement When an asset or liability, financial or non - financial, is measured at fair value for recognition or disclosure purposes, the fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; and assumes that the transaction will take place either: in the principal market; or in the absence of a principal market, in the most advantageous market. Fair value is measured using the assumptions that market participants would use when pricing the asset or liability, assuming they act in their economic best interests. For non - financial assets, the fair value measurement is based on its highest and best u se. Valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, are used, maximising the use of relevant observable inputs and minimising the use of unobservable inputs. Assets and liabilities measured at fair value are classified into three levels, using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. Classifications are reviewed at each reporting date and transfers bet ween levels are determined based on a reassessment of the lowest level of input that is significant to the fair value measurement. For recurring and non - recurring fair value measurements, external valuers may be used when internal expertise is either not available or when the valuation is deemed to be significant. External valuers are selected based on market knowledge and reputation. Where there is a significant change in fair value of an asset or liability from one period to another, an analysis is undertaken, which includes a verification of the major inputs applied in the latest valuation and a comparison, where applicable, with ex ternal sources of data. Flow - through shares The consolidated entity finances some exploration and evaluation expenses through the issuance of flow - through shares. A flow - through share agreement transfers the tax deductibility of qualifying resource expenditures to investors. On issuance, the consoli dated entity divides the flow - through share into i) a flow - through share premium, equal to the estimated premium, if any, investors pay for the flow - through feature, which is recognised as a liability, and ii) issued capital. Share capital for shares issue d is recognised at fair value with the residual value, or flow - through share premium, recognised as current liabilities. The consolidated entity has elected to apply the renunciation process prospectively and has relied upon the “look - back” rule which allows the consolidated entity to renounce eligible expenditures incurred up to an entire calendar year following the last da y of the calendar year in which the FTS are issued. At initial recognition the sale of tax deductions is deferred and presented as other liabilities in the statement of financial position as the consolidated entity has not yet fulfilled its obligations to pass on the tax deductions to the investor. Upon exp enses being incurred, the consolidated entity derecognises the liability and the premium is recognised as other income. The exploration spend also gives rise to a deferred tax liability which is recognised as the difference between the carrying value and t ax base of the qualifying expenditure for the amount of the tax reduction renounced to the investors. Issued capital Ordinary shares are classified as equity.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Note 1 . Material accounting policy information (continued) Green Technology Metals Ltd | Page 53 Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds. Earnings per share Basic earnings per share Basic earnings per share is calculated by dividing the profit attributable to the owners of Green Technology Metals Limited, excluding any costs of servicing equity other than ordinary shares, by the weighted average number of ordinary shares outstanding d uring the financial year, adjusted for bonus elements in ordinary shares issued during the financial year. Diluted earnings per share Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account the after income tax effect of interest and other financing costs associated with dilutive potential ordinary shares and the weighted average number of shares assumed to have been issued for no consideration in relation to dilutive potential ordinary shares. Goods and Services Tax (‘GST’) and other similar taxes Revenues, expenses and assets are recognised net of the amount of associated GST, unless the GST incurred is not recoverable from the tax authority. In this case it is recognised as part of the cost of the acquisition of the asset or as part of the expense . Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the tax authority is included in other receivables or other payables in the statement of financial position. Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from, or payable to the tax authority, are presented as operating cash flows. Commitments and contingencies are disclosed net of the amount of GST recoverable from, or payable to, the tax authority. Rounding of amounts The C ompany is of a kind referred to in Corporations Instrument 20 2 6/1 83 , issued by the Australian Securities and Investments Commission, relating to ‘rounding - off’. Amounts in this report have been rounded off in accordance with that Corporations Instrument to the nearest dollar. New Accounting Standards and Interpretations not yet mandatory or early adopted Australian Accounting Standards and Interpretations that have recently been issued or amended but are not yet mandatory, have not been early adopted by the consolidated entity for the annual reporting period ended 30 June 2026. The consolidated entity's as sessment of the impact of these new or amended Accounting Standards and Interpretations, most relevant to the consolidated entity, are set out below. AASB 18 Presentation and Disclosure in Financial Statements This standard is applicable to annual reporting periods beginning on or after 1 January 2027 and early adoption is permitted. The standard replaces AASB 10 1 Presentation of Financial Statements , with many of the original disclosure requirements retained and there will be no impact on the recognition and measurement of items in the financial statements. But the standard will affect presentation and disclosure in the financial statements, includin g introducing five categories in the statement of profit or loss and other comprehensive income: operating, investing, financing, income taxes and discontinued operations. The standard introduces two mandatory sub - totals in the statement: 'Operating profit ' and 'Profit before financing and income taxes'. There are also new disclosure requirements for 'management - defined performance measures', such as earnings before interest, taxes, depreciation and amortisation ('EBITDA') or 'adjusted profit'. The standard provides enhanced guidance on grouping of information (aggregation and disaggregation), including whether to present this information in the primary financial statements or in the notes. The consolidated entity will adopt this standard from 1 July 2027 an d it is expected that there will be a significant change to the layout of the statement of profit or loss and other comprehensive income.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 54 Note 2. Critical accounting judgements, estimates and assumptions The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts in the financial statements. Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent liabilities, revenue and expenses. Management bases its judgements, estimates and assumptions on historical experience and on other various factors, including expectations of future events, management believes to be reasonable unde r the circumstances. The resulting accounting judgements and estimates will seldom equal the related actual results. The judgements, estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets a nd liabilities (refer to the respective notes) within the next financial year are discussed below. Share - based payment transactions The consolidated entity measures the cost of equity - settled transactions with employees by reference to the fair value of the equity instruments at the date at which they are granted. The fair value is determined by using either the Binomial or Black - Schol es model taking into account the terms and conditions upon which the instruments were granted. The accounting estimates and assumptions relating to equity - settled share - based payments would have no impact on the carrying amounts of assets and liabilities w ithin the next annual reporting period but may impact profit or loss and equity. Exploration and evaluation costs Exploration and evaluation expenditure have been capitalised on the basis that activities in the area have not yet reached a stage that permits reasonable assessment of the existence of economically recoverable reserves. Key judgements are applied in considering costs to be capitalised which includes determining expenditures directly related to these activities and allocating overheads between those that are expensed and capitalised. In addition, costs are only capitalised that are expected to be recovered either through successful development or sale of the relevant mining interest. Factors that could impact the future commercial production at the mine include the level of reserves a nd resources, future technology changes, which could impact the cost of mining, future legal changes and changes in commodity prices. To the extent that capitalised costs are determined not to be recoverable in the future, they will be written off in the p eriod in which this determination is made.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 55 Note 3. Operating segments Identification of reportable operating segments The consolidated entity operates only in one reportable segment being mineral exploration and development in Canada. The consolidated entity ’ s operating segment has been determined with reference to the information and reports the chief operating decision makers use to make strategic de cisions regarding Company resources. Due to the size and nature of the consolidated entity, the chief operating decision maker is considered to be the Managing Director. Financial information is reported to the Managing Director and Board as a single segment and all significant operating deci sions are based upon analysis of the consolidated entity as one segment. The financial results of this segment are equivalent to the financials statements of the consolidated entity as a whole. Note 4. Expenses Consolidated 2026 2025 $ $ Loss before income tax from continuing operations includes the following expenses: Administrative expenses 555,965 856,496 Travel, flights and conferences 211,877 268,692 Total administrative expenses 767,842 1,125,188
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 56 Note 5. Income tax benefit/( expense ) Consolidated 2026 2025 $ $ (a) The components of tax expense comprise: Current income tax Deferred tax - - Relating to origination and reversal of temporary differences (789,574) 2,091,616 Non - recognition of temporary differences 604,010 306,612 Income tax ( benefit ) /expense reported in the profit or loss and other comprehensive income (185,564) 2,398,228 (b) The prima facie tax on loss from ordinary activities before income tax is reconciled to the income tax as follows: (Loss) before income tax expense (4,227,466) (4,301,615) At the statutory income tax rate of 25% (2025: 25%) (1,056,926) (1,075,404) Tax effect of: Non - deductible expenses (non - assessable income) 591,228 644,281 International tax rate differential (17,515) (57,460) Tax loss not brought to account as a deferred tax asset 533,505 565,116 Share based payments (82,678) (67,728) Tax effect of exploration expenditure from flow through expenditure renounced (185,564) 2,398,228 Temporary differences not brought to account 32,386 (8,805) Income tax ( benefit ) /expense (185,564) 2,398,228 (c) Deferred tax liability Exploration expenditure (185,564) 2,398,228 Deferred Tax Liability Movements: Opening balance 3,758,943 1,360,715 Charged to profits or loss (185,564) 2,398,228 Closing balance 3,573,379 3,758,943 Potential tax benefit relating to unused tax losses for which no deferred tax asset has been recognised 2,750,568 2,170,193 The deferred tax asset attributable to carried forward income tax losses and temporary differences has not been recognised as an asset as the consolidated entity has not yet commenced revenue - generating operations and the availability of future profits to recoup these losses is not considered probable at the date of this report. The co nsolidated entity has recognised a deferred tax liability that arises on exploration and evaluation assets on relinquishment of qualifying expenditure to investors. Note 6. Current assets – cash and cash equivalents Consolidated 2026 2025 $ $ Cash at bank 8,999,450 1,786,225 Short term deposits 245,840 180,304 9,245,290 1,966,529
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 57 Note 7. Current assets – Trade and other receivables Consolidated 2026 2025 $ $ Net GST/HST receivable 83,949 97,476 Other receivables 4,680 41,399 88,629 138,875 Note 8. Current assets – prepayments and deposits Consolidated 2026 2025 $ $ Prepayments/deposits for exploration activities 3,967 206,480 Prepayments - c orporate and other activities 17,129 211,459 21,096 417,939
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 58 Note 9. Non - current assets - property, plant and equipment Computer Equipment Exploration Equipment Motor Vehicles Office Equipment Total Consolidated $ $ $ $ $ Balance at 30 June 2024 30,898 250,884 86,671 4,542 372,995 Additions 4,861 - - - 4,861 Disposals - - - - - Depreciation expense (17,405) (45,504) (13,805) (176) (76,890) Foreign currency translation adjustment 119 8,724 1,752 98 10,693 Balance at 30 June 2025 18,473 214,104 74,618 4,464 311,659 Additions - - - - - Disposals (2,326) (851) - (616) (3,793) Depreciation expense (8,403) (32,553) (10,899) (522) (52,37 7 ) Foreign currency translation adjustment 131 (16,398) (6,546) (66 0 ) (23,47 9 ) Balance at 30 June 2026 7,87 5 164,302 57,173 2,66 0 232,01 0
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 59 Note 10. Non - current assets - right - of - use assets Consolidated 2026 2025 $ $ Motor vehicles - right - of - use 65,857 168,306 Less: Accumulated depreciation (27,417) (81,748) 38,440 86,558 Land and buildings – right - of - use - 557,516 Less: Accumulated depreciation - (414,916) - 142,600 38,440 229,158 Additions to the right - of - use assets during the year were $65,857 (2025: $132,823) and $138,11 4 (2025: $436,121) of depreciation relating to right - of - use assets w as incurred during the year. The consolidated entity leases land and buildings for its offices under agreements of one to three years. During the financia l period, existing building lease agreements had expired and the Company continued its existing agreements on a short - term basis. T he consolidated entity also leases motor vehicles under agreements of between two to three years. The consolidated entity leases office equipment under agreements of less than one year. These leases are either short - term or low - value, so have been expensed as incurred and not capitalised as right - of - use assets. Note 11. Non - current assets – exploration and evaluation expenditure Consolidated 2026 2025 $ $ Opening balance 109,621,633 95,414,426 Expenditure capitalised during the year 1,198,774 12,190,836 Foreign currency translation adjustment (8,296,420) 2,016,371 Closing balance 102,523,987 109,621,633 Note 12. Current liabilities - Trade and other payables Consolidated 2026 2025 $ $ Trade creditors 1,530,446 4,966,914 Other current liabilities Employee benefits 278,399 187,721 Credit cards 2,653 276 1,811,498 5,154,911
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 60 Note 13. Current liabilities - lease liabilities Consolidated 2026 2025 $ $ Land and buildings - 111,240 Motor vehicles 23,596 63,273 23,596 174,513 Note 14. Current liabilities - accruals Consolidated 2026 2025 $ $ Exploration and evaluation 62,605 73,464 Salary and wages 18,337 256,022 Penalties and interest 593,269 597,711 Others 65,801 425,675 740,012 1,352,872 Note 15. Current liabilities – deferred income: Government grant Consolidated 2026 2025 $ $ Grants received during the year 213,833 - Amounts recognised in profit or loss - - Effect of movements in foreign exchange rates (9,341) - - 204,492 - Note 16. Non - c urrent liabilities – lease liabilities Consolidated 2026 2025 $ $ Land and buildings - - Motor vehicles 15,707 34,599 15,707 34,599
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 61 Note 17. Equity - issued capital Consolidated 2026 2025 2026 2025 No. Shares No. Shares $ $ Ordinary shares – fully paid 1,201,025,660 475,170,043 139,510,945 125,454,670 Movements in ordinary share capital Details Date No. Shares Issue price $ Opening 475,170,043 125,454,670 Tranche 1 20 Oct 2025 118,792,510 0.028 3,326,190 Tranche 2 2 Dec 2025 41,921,776 0.028 1,173,810 Creditors 1 17 Dec 2025 14,899,999 0.028 417,200 Rights entitlement 11 May 2026 80,000,000 0.020 1,600,000 Tranche 1 3 Jun 2026 200,241,332 0.020 4,004,827 Tranche 2 23 Jun 2026 270,000,000 0.020 5,400,000 Share issue costs (1, 865,752 ) Balance 30 June 2026 1,201,025,660 139,510,945 1 On 17 December 2025 the Company issued 14,899,999 fully paid ordinary shares at $0.028 per share in settlement of $417,200 owing to creditors. The shares were issued at the same price as the placement completed in the same period and no gain or loss arose on settlement. The issue was a non - cash transaction and is not reflected in the consolidated statement of cash flows. Ordinary shares Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the C ompany in proportion to the number of and amounts paid on the shares held. The fully paid ordinary shares have no par value and the company does not have a limited amount of authorised capital. On a show of hands every member present at a meeting in person or by proxy shall have one vote and upon a poll each share shall have one vote. Capital risk management The consolidated entity's objectives when managing capital is to safeguard its ability to continue as a going concern, so tha t it can provide returns for shareholders and benefits for other stakeholders and to maintain an optimum capital structure to reduc e the cost of capital. Capital is regarded as total equity, as recognised in the statement of financial position, plus net debt. Net debt is calcula ted as total borrowings less cash and cash equivalents. The capital risk management policy remains unchanged from the 30 June 2025 Annual Report.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 62 Note 18. Equity - reserves Consolidated 2026 2025 $ $ Performance rights reserve 4,138,974 3,140,119 Options reserve 1, 735,367 915,040 Foreign currency translation reserve (7,961,388) 301,354 Reserves total (2, 087,047 ) 4,356,513 Share - based payments reserve The reserve is used to recognise share - based payment (options and performance rights) transactions that occurred during the period. Note 18. Equity – reserves (continued) Foreign currency translation reserve The reserve is used to recognise exchange differences arising from the translation of the financial statements of foreign operations to Australian dollars . Note 19. Equity – Accumulated losses Consolidated 2026 2025 $ $ Accumulated losses at the beginning of the financial year (27,601,228) (20,901,385) Loss after income tax expense for the year (4,041,902) (6,699,843) Accumulated losses at the end of the financial year (31,643,130) (27,601,228) Note 20. Financial instruments Financial risk management objectives The consolidated entity's activities expose it to a variety of financial risks: market risk (including foreign currency risk, price risk and interest rate risk), credit risk and liquidity risk. The consolidated entity's overall risk management program focu ses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the financial performance of the consolidated entity. The consolidated entity uses different methods to measure different types of risk to which it is expos ed. These methods include sensitivity analysis in the case of interest rate, foreign exchange and other price risks, ageing analysis for credit risk and beta analysis in respect of investment portfolios to determine market risk. Risk management is carried out by senior finance executives ('finance') under policies approved by the Board of Directors ('the Board'). These policies include identification and analysis of the risk exposure of the consolidated entity and appropr iate proc edures, controls and risk limits. Finance identifies, evaluates and hedges financial risks within the consolidated entity's operating units. Finance reports to the Board on a monthly basis.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 63 Market risk Foreign currency risk The c onsolidated entity undertakes certain transactions denominated in foreign currency and is exposed to foreign currency risk through foreign exchange rate fluctuations. Foreign exchange risk arises from future commercial transactions and recognised financial assets and financial liabilities denominated in a currency that is not the consolidated entity 's functional currency. The risk is measured using sensitivity analysis and cash flow forecasting. The c onsolidated entity had net liabilities denominated in foreign currencies of $1,033,422 as at 30 June 2026 (30 June 2025: $4,125,914). The actual foreign exchange gain for the period ended 30 June 2026 was $90,732 (30 June 2025: loss $15,128). The Board has performed a sensitivity analysis on a 10% increase/(decrease) on its net foreign currency liabilities as a reasonably possible basis on short term historical movements. A change of 10% increase/(decrease) at reporting date would have increase d/(decreased) equity and profit or loss by the amounts shown below: Consolidated +10% increase - 10% decrease Profit Equity Profit Equity $ $ $ $ Net foreign currency denominated liabilities 103,342 103,342 (103,342) (103,342) Interest rate risk The consolidated entity has no borrowings other than lease liabilities of $39,303 (2025: $209,112), which bear interest at fixed rates and are therefore not exposed to interest rate risk. The consolidated entity's exposure to interest rate risk ari ses prin cipally on cash and cash equivalents of $9,245,290 (2025: $1,966,529) held at variable rates. Note 20. Financial instruments (continued) Credit risk Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to consolidated entity. The consolidated entity's maximum exposure to credit risk at the reporting date is the carrying amount of cash and cash equivalents of $9,245,290 (2025: $1,966,529) and other receivables of $88,629 (2025: $138,875). Cash is held with National Australia Ban k and with Canadian banking counterparties, all of which hold investment grade credit ratings. Liquidity risk Vigilant liquidity risk management requires consolidated entity to maintain sufficient liquid assets (mainly cash and cash equivalents) and available borrowing facilities to be able to pay debts as and when they become due and payable. Consolidated entity manages liquidity risk by maintaining adequate cash reserves and available borrowing facilities by continuously monitoring actual and forecast cash flows and matching the maturity profiles of financial assets and liabilities . During the year, the consolidated entity successfully raised capital of $15,922,027 before costs, of which $15,504,827 was received in cash. Remaining contractual maturities The following tables detail the consolidated entity’s remaining contractual maturity for its financial instrument liability. The tables have been drawn up based on the undiscounted cashflows of financial liabilities based on the earliest date on which the financial liabilities are required to be paid. The tables include both interest and principal cash flows disclosed as remaini ng contractual maturities and therefore these totals may differ from their carrying amounts in the statement of financial positi on
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 64 Weighted average interest rate 1 year or less Between 1 and 2 years Between 2 and 5 years Over 5 years Remaining contractual maturities Consolidated – 2026 % $ $ $ $ $ Non - derivatives Non - interest bearing Trade payables 0.00% 1,530,446 - - - 1,530,446 Other payables 0.00% 281,052 - - - 281,052 Accruals 0.00% 740,012 - - - 740,012 Interest - bearing - fixed rate Lease liability 11.68% 23,596 15,707 - - 39,303 Total non - derivatives 2,575,106 15,707 2,590,813 Note 20. Financial instruments (continued) Weighted average interest rate 1 year or less Between 1 and 2 years Between 2 and 5 years Over 5 years Remaining contractual maturities Consolidated - 2025 % $ $ $ $ $ Non - derivatives Non - interest bearing Trade payables 0.00% 4,966,914 - - - 4,966,914 Other payables 0.00% 187,997 - - - 187,997 Accruals 0.00% 1,352,872 - - - 1,352,872 Interest - bearing - fixed rate Lease liability 9.33% 174,513 34,599 - - 209,112 Total non - derivatives 6,682,296 34,599 - - 6,716,895 Fair value of financial instruments Unless otherwise stated, the carrying amounts of financial instruments reflect their fair value. Note 21. Key management personnel disclosures Compensation The aggregate compensation made to directors and other members of key management personnel of the consolidated entity is set out below: Consolidated 2026 2025 $ $ Short - term employee benefits 573,000 625,287 Post - employment benefits 48,600 49,700 Share - based payments 945,722 688,899 1,567,322 1,363,886
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 65 Note 22. Remuneration of auditors During the financial year the following fees were paid or payable for services provided by RSM Australia Partners, the audito r of the C ompany, its network firms and unrelated firms: Consolidated 2026 2025 $ $ Audit services – RSM Australia Partners Audit and review of the financial statements 52,235 50,700 52,235 50,700 Note 23. Contingent assets The consolidated entity had no contingent assets as at 30 June 2026 (2025: Nil). Note 24. Contingent liabilities The consolidated entity had no contingent liabilities as at 30 June 2026 (2025: Nil). Note 25. Commitments In order to maintain current rights of tenure to exploration tenements, the consolidated entity is required to perform minimum exploration work to meet the minimum expenditure requirements specified by the relevant authorities. These obligations are subject to renegotiation when application for a mining lease is made and at other times. These obliga tions are not provided for in the financial report. The actual expenditures to date on tenements have exceeded the minimum expenditure requirements specified by the relevant authorities during the current tenement grant periods. Consolidated 2026 2025 $ $ Exploration commitments Not longer than 12 months 105,108 172,757 Between 12 months and 5 years 2,463,703 2,734,017 2,568,811 2,906,774 Note 26. Related party transactions Parent entity Green Technology Metals Limited is the parent entity. Subsidiaries Interests in subsidiaries are set out in note 28. Key management personnel Disclosures relating to key management personnel are set out in note 21 and the remuneration report included in the directors' report.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 66 Note 26. Related party transactions (continued) Transactions with related parties The following transactions occurred with related parties: Consolidated 2026 2025 $ $ Payment for goods and services: Payments for RareX Limited for geological consulting services - 57,420 Payments to Churchill for rent and shared office charges 56,373 53,900 Receipts for goods and services: Receipts for RareX Limited for rent and shared office charges - 135,468 Receipts for Churchill for reimbursements of expenses - 2,254 Receivable from and payable to related parties The following balances are outstanding at the reporting date in relation to transactions with related parties: Consolidated 2026 2025 $ $ Current payables: Payable to RareX Limited for geological consulting services - 3,520 Payable to Churchill for rent and shared office charges 4,950 1,293 Current receivables: Receivable from RareX Limited for rent and shared office charges - - Loans to/from related parties There were no loans to or from related parties at the current and previous reporting date. Terms and conditions All transactions were made on normal commercial terms and conditions and at market rates. Note 27. Parent entity information Set out below is the supplementary information about the parent entity. Statement of profit or loss and other comprehensive income Parent 2026 2025 $ $ Loss after income tax (3,058,876) (2,869,473) Total comprehensive loss (3,058,876) (2,869,473)
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Note 2 7 . Parent entity information (continued) Green Technology Metals | Page 67 Statement of financial position Parent 2026 2025 $ $ Total current assets 8,940,964 1,410,359 Total assets 108,968,469 109,617,000 Total current liabilities 1,648,565 3,630,786 Total liabilities 5,407,509 7,407,044 Equity Issued capital 147,007,811 131,085,784 Share issue costs (6,826,959) (5,631,114) Reserves (2,333,100) 7,983,202 Accumulated losses ( 34,286,792 ) (31,227,916) Total equity 103,560,960 102,209,956 Contingent liabilities / Contingent assets The parent entity had no contingent liabilities or contingent assets as at 30 June 2026 (30 June 2025: Nil) Significant accounting policies The accounting policies of the parent entity are consistent with those of the consolidated entity, as disclosed in note 1, ex cept for the following: ● Investments in subsidiaries are accounted for at cost, less any impairment, in the parent entity. ● Investments in joint ventures are accounted for at cost, less any impairment, in the parent entity. ● Dividends received from subsidiaries are recognised as other income by the parent entity and its receipt may be an indicator of an impairment of the investment. Note 28. Interests in subsidiaries The consolidated financial statements incorporate the assets, liabilities and results of the following wholly - owned subsidiaries in accordance with the accounting policy described in note 1: Ownership interest Principal place of business / 2026 2025 Name Country of incorporation % % Lithium Triangle Pty Ltd Australia 100.00% 100.00% Green TM Resources (Canada) Ltd Canada 100.00% 100.00%
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 68 Note 29. Reconciliation of loss after income tax to net cash used in operating activities Consolidated 2026 2025 $ $ Loss after income tax expense for the year (4,041,902) (6,699,843) Adjustments for: Depreciation and amortisation 190,491 513,011 Share - based payments 998,855 658,297 Foreign exchange differences ( 7,782 ) 15,128 Gain on disposal of right - of - use assets (2,695) - Interest expense on flow - through shares - 185,011 Flow - through premium income - (2,684,241) Other non - cash adjustments 103,271 - Change in operating assets and liabilities: Decrease in trade and other receivables 68,038 801,411 Decrease in prepayments 56,968 1,257 Increase/(decrease) in trade and other payables (306,377) 712,003 Decrease in other provisions/accruals (38,048) (382,159) Decrease in deferred tax liability (185,564) 2,398,228 Net cash used in operating activities (3,164,74 5 ) (4,481,897) Note 30. Loss per share Consolidated 2026 2025 Cents Cents Basic loss per share (0.65) (1.71) Diluted loss per share (0.65) (1.71) Diluted loss per share is calculated on the same basis as basic loss per share. At 30 June 2026 the Company had 63,050,000 performance rights on issue (2025: 24,050,000), which represent potential ordinary shares. These have not been included in the calcul ation of diluted loss per share as their conversion would decrease the loss per share and they are therefore antidilutive for the period presented. Accordingly, diluted loss per share is equal to basic loss per share. These instruments could potentially di lute basic earnings per share in future periods. Shares Shares Weighted average number of ordinary shares used in the calculation of basic and diluted loss per share 620,939,531 391,160,071
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 69 Note 31. Share - based payments Share based payments are presented below: 2026 2025 $ $ Options 63,061,540 Options issued to Lead Manager 669,907 - 6,000,000 JLM Options (recognised in equity) 150,420 - 18,750,000 Underwriter options (recognised in equity) - 180,000 4,077,966 Sub - underwriter options (recognised in equity) - 32,896 Total share - based payments (recognised in equity) 820,327 212,896 Performance Rights 2,000,000 Performance Rights Class D for Cameron Henry 207,364 207,364 250,000 Performance Rights Class N issued to Officers and employees - - 2,650,000 Performance Rights Class O issued to Officers and employees 160,767 143,930 900,000 Performance Rights Class P issued to Officers and employees 17,86 4 (9,494) 500,000 Performance Rights Class Q issued to Officers and employees 17,409 4,865 4,000,000 Performance Rights Class R issued to Directors 166,800 166,800 2,000,000 Performance Rights Class S for Cameron Henry 70,817 70,817 6,000,000 Performance Rights Class U for Cameron Henry 52,225 74,015 6,500,000 Performance Rights Class V issued to Directors 122,406 - 6,500,000 Performance Rights Class W issued to Directors 96,944 - 6,500,000 Performance Rights Class X issued to Directors 80,174 - 6,500,000 Performance Rights Class A issued to Directors 3,110 - 6,500,000 Performance Rights Class B issued to Directors 1,723 - 6,500,000 Performance Rights Class C issued to Directors 1,252 - Total share - based payments (recognised in expense) 998,855 658,297
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 70 Note 31. Share - based payments (continued) Set out below are summaries of performance rights granted: The Company issued 39,000,000 (2025: 6,000,000 to the Managing Director) Performance Rights to the Directors during the year, comprising the following: Grant date Class Number of rights Milestone Vesting conditions 27/11/2025 V 6,500,000 20 - day VWAP $0.05 12 months continued service to the Company (or any of its subsidiaries) from the date of the Company’s 2025 Annual General Meeting 27/11/2025 W 6,500,000 20 - day VWAP $0.10 12 months continued service to the Company (or any of its subsidiaries) from the date of the Company’s 2025 Annual General Meeting 27/11/2025 X 6,500,000 20 - day VWAP $0.15 12 months continued service to the Company (or any of its subsidiaries) from the date of the Company’s 2025 Annual General Meeting 18/06/2026 A 6,500,000 20 - day VWAP $0.05 12 months continued service to the Company (or any of its subsidiaries) from the date of the Meeting 18/06/2026 B 6,500,000 20 - day VWAP $0.10 12 months continued service to the Company (or any of its subsidiaries) from the date of the Meeting 18/06/2026 C 6,500,000 20 - day VWAP $0.15 12 months continued service to the Company (or any of its subsidiaries) from the date of the Meeting
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 71 Note 31. Share - based payments (continued) Movement of performance rights during the year: Balance at Balance at Fair value Grant date the start of Granted Disposals/ the end of per right the year other the year Performance rights Class A $0.238 10/09/2021 1,333,333 - - 1,333,333 Class B $0.224 10/09/2021 1,833,333 - - 1,833,333 Class C $0.212 10/09/2021 1,833,334 - - 1,833,334 Class A $0.633 2/12/2021 166,667 - - 166,667 Class B $0.633 2/12/2021 166,667 - - 166,667 Class C $0.625 2/12/2021 166,666 - - 166,666 Class D $0.521 21/06/2022 2,000,000 - - 2,000,000 Class H $0.620 27/03/2023 250,000 - - 250,000 Class N $0.620 27/03/2023 250,000 - - 250,000 Class O $0.360 28/11/2023 2,650,000 - - 2,650,000 Class P $0.360 28/11/2023 900,000 - - 900,000 Class Q $0.360 11/10/2023 500,000 - - 500,000 Class R $0.210 28/11/2023 4,000,000 - - 4,000,000 Class S $0.178 28/11/2023 2,000,000 - - 2,000,000 Class U $0.025 28/11/2024 2,000,000 - - 2,000,000 Class U $0.022 28/11/2024 2,000,000 - - 2,000,000 Class U $0.016 28/11/2024 2,000,000 - - 2,000,000 Class V $0.032 27/11/2025 - 6,500,000 - 6,500,000 Class W $0.025 27/11/2025 - 6,500,000 - 6,500,000 Class X $0.020 27/11/2025 - 6,500,000 - 6,500,000 Class A $0.016 18/06/2026 - 6,500,000 - 6,500,000 Class B $0.012 18/06/2026 - 6,500,000 - 6,500,000 Class C $0.010 18/06/2026 - 6,500,000 - 6,500,000 24,050,000 39,000,000 - 63,050,000 Movement of options during the year: Balance at Expired/ Balance at Exercise the start of forfeited/ the end of Grant date Expiry date price the year Granted Exercised other the year 02/11/2021 03/11/2025 $0.375 3,950,000 - - (3,950,000) - 24/04/2025 24/04/2028 $0.060 18,479,509 - - - 18,479,509 05/05/2025 24/04/2028 $0.060 3,125,000 - - - 3,125,000 08/05/2025 08/05/2028 $0.060 18,750,000 - - - 18,750,000 08/05/2025 08/05/2028 $0.060 1,359,322 - - - 1,359,322 08/05/2025 08/05/2028 $0.080 1,359,322 - - - 1,359,322 08/05/2025 08/05/2028 $0.100 1,359,322 - - - 1,359,322 02/12/2025 0 2 /12/2028 $0.042 - 6,000,000 - - 6,000,000 18/06/2026 23/06/2029 $0.030 - 31,530,770 - - 31,530,770 18/06/2026 23/06/2029 $0.040 - 31,530,770 - - 31,530,770 48,382,475 6 9 ,061,540 - (3,950,000) 113,494,015 The weighted average remaining contractual life of options outstanding at the end of the financial year was 2.51 years (2025: 2.64 years).
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 72 Note 31. Share - based payments (continued) The performance rights granted during the current financial year were valued using the barrier option pricing model. The valuation model inputs used to determine the fair value at the grant date, are as follows: Share price Expected Risk - free Fair value Class Grant date Expiry date at grant date VWAP volatility interest rate at grant date Class V 27/11/2025 02/12/2028 $0.040 $0.05 100% 3.840% $0.032 Class W 27/11/2025 02/12/2028 $0.040 $0.10 100% 3.840% $0.025 Class X 27/11/2025 02/12/2028 $0.040 $0.15 100% 3.840% $0.020 Class A 18/06/2026 18/09/2029 $0.020 $0.05 100% 4.417% $0.016 Class B 18/06/2026 18/09/2029 $0.020 $0.10 100% 4.417% $0.012 Class C 18/06/2026 18/09/2029 $0.020 $0.15 100% 4.417% $0.010 For the unlisted broker options granted during the current financial year were valued using the Black - Scholes valuation model. The valuation model inputs used to determine the fair value at the grant date, are as follows: Share price Exercise Expected Dividend Risk - free Fair value Grant date Expiry date at grant date price volatility yield interest rate at grant date 02/12/2025 0 2 /12/2028 $0.040 $0.042 100% - 3.919% $0.0251 18 /06/2026 23/06/2029 $0.020 $0.030 100% - 4.417% $0.0112 18 /06/2026 23/06/2029 $0.020 $0.040 100% - 4.417% $0.0100 Note 32. Events after the reporting period On 10 September 2026 the Company received formal notice from the Ontario Ministry of Natural Resources confirming completion of the Environmental Assessment process in respect of the Seymour Lithium Project, allowing government agencies to issue permits fo r the development of the project. The financial effect of this matter has not been recognised in the financial statements for the year ended 30 June 2026 as the condition arose after the reporting date, and a reliable estimate of the financial effect canno t be made. Other than the matters disclosed above, no matter or circumstance has arisen since 30 June 2026 that has significantly affected, or may significantly affect the consolidated entity's operations, the results of those operations, or the consolidated entity's state of affairs in future financial years .
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 73 Consolidated Entity Disclosure Statement The following table provides a list of all entities included in the consolidated financial statements, prepared in accordance with the requirements of Section 295(3A) of the Corporations Act 2001 . The ownership interest is only disclosed of those entities which are a body corporate, representing the direct and indirect percentage of share capital owned by the Company. Company Name Type of entity % Ownership as at 30 June 2026 Country of incorporation Australian or foreign tax residency 1 Foreign tax jurisdiction (if applicable) Green Technology Metals Limited Body corporate - Australia Australia N/A Lithium Triangle Pty Ltd Body corporate 100% Australia Australia N/A Green TM Resources (Canada) Ltd Body corporate 100% Canada Foreign Canada 1 Tax residency is determined with reference to the Income Tax Assessment Act 1997. 2 None of the entities listed above was, at the end of the financial year, a trustee of a trust within the consolidated entity, a partner in a partnership within the consolidated entity, or a participant in a joint venture within the consolidated entity .
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 74 Director’s declaration In the directors' opinion: ● the attached financial statements and notes comply with the Corporations Act 2001, the Accounting Standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements; ● the attached financial statements and notes comply with IFRS Accounting Reporting Standards as issued by the International Accounting Standards Board as described in note 1 to the financial statements; ● the attached financial statements and notes give a true and fair view of the consolidated entity's financial position as at 30 June 2026 and of its performance for the financial year ended on that date; ● there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable; and ● the information disclosed in the attached consolidated entity disclosure statement is true and correct. The directors have been given the declarations required by section 295A of the Corporations Act 2001. Signed in accordance with a resolution of directors made pursuant to section 295(5)(a) of the Corporations Act 2001. On behalf of the directors ___________________________ John Young Chairman 29 September 2026 Perth
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RSM Australia Partners is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practices in its own right. The RSM network is not itself a separate legal entity in any jurisdiction. RSM Australia Partners ABN 36 965 185 036 Liability limited by a scheme approved under Professional Standards Legislation RSM Australia Partners Level 32 Exchange Tower, 2 The Esplanade Perth WA 6000 GPO Box R1253 Perth WA 6844 T +61 (0) 8 9261 9100 www.rsm.com.au INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GREEN TECHNOLOGY METALS LIMITED REPORT ON THE AUDIT OF THE FINANCIAL REPORT Opinion We have audited the financial report of Green Technology Metals Limited (the Company) and its subsidiaries (the Group), which comprises the consolidated statement of financial position as at 30 June 2026, the consolidated statement of profit or loss and other comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, and notes to the financial statements, including material accounting policy information, the consolidated entity disclosure statement and the directors' declaration. In our opinion, the accompanying financial report of the Group is in accordance with the Corporations Act 2001, including: (i) giving a true and fair view of the Group's financial position as at 30 June 2026 and of its financial performance for the year then ended; and (ii) complying with Australian Accounting Standards and the Corporations Regulations 2001. Basis for Opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Group in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of APES 110 Code of Ethics for Professional Accountants (including Independence Standards) issued by the Accounting Professional & Ethical Standards Board Limited (the Code) that are relevant to our audit of the financial report of public interest entities in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of the Company, would be in the same terms if given to the directors as at the time of this auditor's report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
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Key Audit Matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial report of the current period. These matters were addressed in the context of our audit of the financial report as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report. Key Audit Matter How our audit addressed this matter Exploration and Evaluation Expenditure Refer to Note 11 in the financial statements The Group has capitalised exploration and evaluation expenditure with a carrying value of $102,523,987 as at 30 June 2026. We considered this to be a key audit matter due to the significant management judg ements involved in assessing the carrying value of the asset , including: • Determining whether the expenditure can be associated with finding specific mineral resources, and the basis on which that expenditure is allocated to an area of interest; • Determining whether exploration activities have progressed to the stage at which the existence of an economically recoverable mineral reserve may be assessed; and • Assessing whether any indicators of impairment are present, and if so, the applied to determine and quantify any impairment loss. Our audit procedures included: • Assessing the Group’s accounting policy for compliance with Australian Accounting Standards; • Evaluating whether the right to tenure of each area of interest is current; • Testing, on a sample basis, additions to supporting documentation and assessing whether the amounts capitalised during the year comply with the Group’s accounting policy and relate to the area of interest; • Evaluating management’s assessment of whether indicators of impairment existed as at 30 June 2026; • Enquiring with management and reviewing budgets and other supporting documentation as evidence that active and significant operations in, or in relation to, the area of interest will be continued in the future; • Assessing management’s determination that exploration and evaluation activities have not yet reached a stage where the existence or otherwise of economically recoverable reserves may be reasonably determined; and • Assessing the disclosures in the financial report. Other Information The directors are responsible for the other information. The other information comprises the information included in the Group's annual report for the year ended 30 June 2026 but does not include the financial report and the auditor's report thereon. Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon. In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
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Responsibilities of the Directors for the Financial Report The directors of the Company are responsible for the preparation of: a. the financial report (other than the consolidated entity disclosure statement) that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001; and b. the consolidated entity disclosure statement that is true and correct in accordance with the Corporations Act 2001; and for such internal control as the directors determine is necessary to enable the preparation of: i. the financial report (other than the consolidated entity disclosure statement) that gives a true and fair view and is free from material misstatement, whether due to fraud or error; and ii. the consolidated entity disclosure statement that is true and correct and is free of misstatement, whether due to fraud or error. In preparing the financial report, the directors are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the d irectors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so. Auditor's Responsibilities for the Audit of the Financial Report Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report. A further description of our responsibilities for the audit of the financial report is located at the Auditing and Assurance Standards Board website at: https://www.auasb.gov.au/media/bwvjcgre/ar1_2024.pdf. This description forms part of our auditor's report.
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REPORT ON THE AUDIT OF THE REMUNERATION REPORT Opinion on the Remuneration Report We have audited the Remuneration Report included in the directors' report for the year ended 30 June 2026. In our opinion, the Remuneration Report of Green Technology Metals Limited, for the year ended 30 June 2026, complies with section 300A of the Corporations Act 2001. Responsibilities The directors of the Company are responsible for the preparation and presentation of the Remuneration Report in accordance with section 300A of the Corporations Act 2001. Our responsibility is to express an opinion on the Remuneration Report, based on our audit conducted in accordance with Australian Auditing Standards. RSM AUSTRALIA Perth, WA TUTU PHONG Dated: 29 September 2026 Partner
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 77 Shareholder information The shareholder information set out below was applicable as at 14 September 2026. Distribution of equitable securities Analysis of number of equitable security holders by size of holding: Holding Ranges Holders Total Units % Issued Share Capital above 0 up to and including 1,000 305 188,152 0.02% above 1,000 up to and including 5,000 558 1,433,621 0.12% above 5,000 up to and including 10,000 259 1,977,391 0.16% above 10,000 up to and including 100,000 736 28,390,227 2.36% above 100,000 533 1,173,037,957 97.35% Totals 2,391 1,205,027,348 100.00% Equity security holders Twenty largest quoted equity security holders The names of the twenty largest security holders of quoted equity securities are listed below: Position Holder Name Holding % IC 1 CITICORP NOMINEES PTY LIMITED 114,300,367 9.49% 2 ECOPRO INNOVATION CO LTD 64,000,000 5.31% 3 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 52,908,886 4.39% 4 UBS NOMINEES PTY LTD 46,000,000 3.82% 5 CRANPORT PTY LTD <NO 10 A/C> 41,575,605 3.45% 6 PALM BEACH NOMINEES PTY LIMITED 31,113,661 2.58% 7 MR GAURAV NAGARAJAN GHOSH 27,000,000 2.24% 8 J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 26,888,461 2.23% 9 MRS CHERYL KAYE YOUNG & MR JOHN ALEXANDER YOUNG <THE FOREVER YOUNG SUPER A/C> 24,102,459 2.00% 10 BNP PARIBAS NOMINEES PTY LTD <IB AU NOMS RETAILCLIENT> 21,441,047 1.78% 11 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - A/C 2 20,332,800 1.69% 12 P RIMERO GROUP 20,278,343 1.68% 13 BNP PARIBAS NOMS (NZ) LTD 14,846,153 1.23% 14 FORAGE G4 CANADA LTEE 14,119,357 1.17% 15 SANDHURST TRUSTEES LTD <ENDEAVOR ASSET MGMT MDA A/C> 13,750,000 1.14% 16 MEESHA INVESTMENTS PTY LTD <HENRY FAMILY A/C> 13,281,250 1.10% 17 NETWEALTH INVESTMENTS LIMITED <WRAP SERVICES A/C> 13,061,185 1.08% 18 ARDIDEN LIMITED 13,049,520 1.08% 19 MR DHARMESH SHAH & MRS CHANDRIKA SHAH <MAHAVIR SERVICES SUPER A/C> 13,000,000 1.08% 20 KENDALI PTY LTD 12,830,910 1.06% Total 597,880,004 49.62% Total issued capital 1,205,027,348 100.00%
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 78 Substantial holders Substantial holders in the C ompany are set out below: Holder Name Number held % IC Cranport Pty Limited and its associates 90,321,960 7.49% Copia Investment Partners Ltd and its associates 65,050,000 5.40% EcoPro Innovation Co., Ltd and the EcoPro Group Entities 64,000,000 5.31% Performance Rights holders Performance Rights holders in the C ompany are set out below: Holder Name Holding % IC CAMERON DAVID HENRY 15,000,000 25.40% MEESHA INVESTMENTS PTY LTD <HENRY FAMILY A/C> 14,000,000 23.71% CAMERON DAVID HENRY 13,500,000 22.86% MRS CHERYL KAYE YOUNG & MR JOHN ALEXANDER YOUNG <THE FOREVER YOUNG SUPER A/C> 4,500,000 7.62% MRS CHERYL KAYE YOUNG & MR JOHN ALEXANDER YOUNG <THE FOREVER YOUNG SUPERANNUATION A/C> 3,000,000 5.08% PERRY COBBLESTONE PTY LTD 3,000,000 5.08% ARCHER Q PTY LTD <VILLAGE TRUST> 2,000,000 3.39% HELENA RESOURCES PTY LTD <THE WINTERBOTTOM FAMILY A/C> 1,000,000 1.69% NATHAN SIMS 1,000,000 1.69% SCOTT GILBERT 800,000 1.35% ALASTAIR JOHN RHOADES 500,000 0.85% ALEXANDER DYLAN BARRY 500,000 0.85% JOEL CHRISTOPHER JAY IVES <BONZ YONZ A/C> 250,000 0.42% Total 59,050,000 100.00%
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 79 Twenty largest option holders The names of the twenty largest options holders are listed below: Position Holder Name Holding % IC 1 CG NOMINEES (AUSTRALIA) PTY LTD 26,059,497 22.19% 2 FOSTER STOCKBROKING PTY LTD <NO 1 ACCOUNT> 20,020,514 17.05% 3 LONGREACH 52 PTY LTD 6,840,000 5.82% 3 JHAC PTY LTD 6,840,000 5.82% 3 KOBIA HOLDINGS PTY LTD 6,840,000 5.82% 4 KALONDA PTY LTD <LEIBOWITZ SUPER FUND A/C> 4,375,000 3.73% 5 OPAQUE CAPITAL PTY LTD 4,000,000 3.41% 6 PALM BEACH NOMINEES PTY LIMITED 3,375,000 2.87% 7 LAZARUS CAPITAL PARTNERS <BROKER A/C> 2,500,000 2.13% 8 BARCLAY WELLS LTD <NOMINEE A/C> 2,250,000 1.92% 9 SUBIACO ASSET MANAGEMENT PTY LTD <GLOBAL SPECULATIVE A/C> 2,187,500 1.86% 10 BELL POTTER NOMINEES LTD <BB NOMINEES A/C> 2,038,983 1.74% 11 JINDABYNE CAPITAL PTY LTD <PROVIDENCE EQUITY A/C> 2,000,000 1.70% 12 BELL POTTER NOMINEES LIMITED <BP NOMINEES A/C> 1,975,000 1.68% 12 CG NOMINEES (AUSTRALIA) PTY LTD 1,975,000 1.68% 13 BILGOLA NOMINEES PTY LIMITED 1,875,000 1.60% 13 ARCHER Q PTY LTD <VILLAGE A/C> 1,875,000 1.60% 13 MR CAMERON DAVID HENRY 1,875,000 1.60% 13 MR JOHN YOUNG & MRS CHERYL YOUNG <THE FOREVER YOUNG SUPER A/C> 1,875,000 1.60% 14 UBS NOMINEES PTY LTD 1,574,676 1.34% 15 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 1,491,156 1.27% 16 INVESTING NEWS NETWORK PTY LTD 1,250,000 1.06% 17 FIRST INVESTMENT PARTNERS PTY LTD 916,668 0.78% 18 CERTANE CT PTY LTD <BC1> 906,250 0.77% 19 CITICORP NOMINEES PTY LIMITED 876,742 0.75% 20 RBC DOMINION SECURITIES INC <VIVID ENERGY FD 475 - 80934 - 23> 859,925 0.73% 20 RBC DOMINION SECURITIES INC <VIVID ENERGY FUND A/C> 859,925 0.73% Total 109,511,836 93.25% Total Issued Options 113,492,327 100.00%
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 80 Vested Performance Rights Class A: - 1,000,000 performance rights issued to Luke Cox vested as at 30 June 2026 - 333,333 performance rights issued to employees vested as at 30 June 2026 Class B: - 1,500,000 performance rights issued to Luke Cox vested as at 30 June 2026 - 333,333 performance rights issued to employees vested as at 30 June 2026 Class C: - 1,500,000 performance rights issued to Luke Cox vested as at 30 June 2026 - 333,334 performance rights issued to employees vested as at 30 June 2026 Class A: - 166,667 performance rights issued to employees vested as at 30 June 2026 Class B: - 166,667 performance rights issued to employees vested as at 30 June 2026 Class C: - 166,666 performance rights issued to employees vested as at 30 June 2026 Class H: - 250,000 performance rights issued to employees vested as at 30 June 2026 Class N: - 250,000 performance rights issued to employees vested as at 30 June 2026 Subsequent to the end of the financial year, 4,000,000 vested performance rights were converted to full paid ordinary shares. Voting rights The voting rights attached to ordinary shares are set out below: Ordinary shares On a show of hands every member present at a meeting in person or by proxy shall have one vote and upon a poll each share shall have one vote. There are no other classes of equity securities.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 81 Mineral Res ource Statement The following information is provided in accordance with ASX Listing Rule 5.21 and as at 30 June 2026. Mineral Resource Estimation Governance Statement Green Technology Metals Limited ensures that its Mineral Resource Estimates are subject to appropriate levels of governance and internal controls. The Mineral Resource Estimates have been prepared by a Competent Person experienced in best - practice modellin g and estimation methods . Where applicable, the consultants have also undertaken review of the quality and suitability of the underlying information used to generate the resource estimations The Mineral Resource estimates follow standard industry methodology, using geological interpretation and assay results from samples won through diamond drilling. No independent external audit or review of the Mineral Resource estimates has been undertaken to date. Green Technology Metals Limited reports its Mineral Resources in accordance with the "Australasian Code for Reporting of Exploration Results, Mineral Resou rces and Ore Reserves" (the JORC Code) (2012 Edition). Competent Persons named by the Company qualify as Competent Persons as defined in the JORC Code. The Company has not declared any Ore Reserves. All Mineral Resources are held 100% through the Company's subsidiary, Green TM Resources (Canada) Ltd. Lithium Mineral Resources – Root and Seymour Projects, Ontario, Canada The Company confirms that there has been no change in the lithium Mineral Resource Estimates provided on 3 April 202 5 ( Root) and 21 November 202 3 ( Seymour). Rubidium Mineral Resource – Seymour Project (North Aubry), Ontario, Canada During the year the Company reported a maiden Rubidium Mineral Resource Estimate at the North Aubry deposit, estimated as at 24 July 202 5 . The Seym our Project contains a Mineral Resources Estimate ( “MRE ”) as at 24 July 202 5 : 8.3 million tonnes at 0.27% (6.2Mt Indicated at 0.28% and 2.1Mt Inferred at 0.25%) , containing approximately 23,000 tonnes of Rubidium oxide (RB 2 O) A high - grade component of 3. 4 million tonnes at 0.40% RB 2 O , containing approximately 13,600 tonnes of RB 2 O . Competent Person's Statement The Mineral Resource estimates above were reported by the Company in accordance with Listing Rule 5.8 on 3 April 2025 (Root , updated ), 21 November 2023 (Seymour, amended) and 24 July 2025 (Seymour Rubidium). The Company confirms that it is not aware of any new information or data that materially affects the information included in the previous announcements. It also confirms that all m aterial assumptions and technical parameters underpinning the estimates in the previous announcements continue to apply and have n ot materially changed. Exploration results contained in this report have previously been reported in accordance with Listing Rule 5.7 on the dates referenced throughout. The Company confirms it is not aware of any new information that materially affects the results as previously reported.
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 82 T enement Schedule Summary of interests in tenements held by Green Technology Metals Ltd and its wholly owned subsidiaries as at 30 June 2026. Project Tenement No. Tenure Status Interest Registered Holder Allison 675159 662576 662589 675235 Active 100% Green TM Resources (Canada) LTD 662570 662577 662595 675241 Active 100% Green TM Resources (Canada) LTD 662571 662578 675214 Active 100% Green TM Resources (Canada) LTD 662572 662582 675223 Active 100% Green TM Resources (Canada) LTD 662575 662585 675229 Active 100% Green TM Resources (Canada) LTD Seymour Lake 681226 270372 680971 680901 Active 100% Green TM Resources (Canada) LTD 681227 271256 680972 680919 Active 100% Green TM Resources (Canada) LTD 681228 271759 680973 680920 Active 100% Green TM Resources (Canada) LTD 681229 275234 680974 680921 Active 100% Green TM Resources (Canada) LTD 681230 280559 680975 680949 Active 100% Green TM Resources (Canada) LTD 681231 280560 680976 680950 Active 100% Green TM Resources (Canada) LTD 681232 280561 680977 680951 Active 100% Green TM Resources (Canada) LTD 681233 282491 680978 680953 Active 100% Green TM Resources (Canada) LTD 681234 285387 680979 680955 Active 100% Green TM Resources (Canada) LTD 681235 289913 680980 680956 Active 100% Green TM Resources (Canada) LTD 681236 289914 680981 680957 Active 100% Green TM Resources (Canada) LTD 681237 292949 680982 681000 Active 100% Green TM Resources (Canada) LTD 681238 306092 680983 681001 Active 100% Green TM Resources (Canada) LTD 681239 306504 680984 681002 Active 100% Green TM Resources (Canada) LTD 681240 312238 680985 681065 Active 100% Green TM Resources (Canada) LTD 681241 312836 680986 681066 Active 100% Green TM Resources (Canada) LTD 681242 313281 680987 681067 Active 100% Green TM Resources (Canada) LTD 681243 316941 680988 681068 Active 100% Green TM Resources (Canada) LTD 681244 317425 680989 681069 Active 100% Green TM Resources (Canada) LTD 681246 328430 680990 681070 Active 100% Green TM Resources (Canada) LTD 681247 336637 680991 681071 Active 100% Green TM Resources (Canada) LTD 681248 337814 680992 681072 Active 100% Green TM Resources (Canada) LTD 681249 337815 680993 681073 Active 100% Green TM Resources (Canada) LTD 681250 339017 680994 681074 Active 100% Green TM Resources (Canada) LTD 681251 339018 680995 681075 Active 100% Green TM Resources (Canada) LTD 681252 341504 680996 681076 Active 100% Green TM Resources (Canada) LTD 681253 342142 680997 681077 Active 100% Green TM Resources (Canada) LTD 681254 342143 680998 681078 Active 100% Green TM Resources (Canada) LTD 681255 343145 680999 681079 Active 100% Green TM Resources (Canada) LTD 681256 343146 681003 681080 Active 100% Green TM Resources (Canada) LTD 681257 343147 681004 681081 Active 100% Green TM Resources (Canada) LTD 681258 344314 681005 681082 Active 100% Green TM Resources (Canada) LTD 681259 518640 681006 681083 Active 100% Green TM Resources (Canada) LTD 681260 518646 681007 681084 Active 100% Green TM Resources (Canada) LTD 681261 518652 681008 681085 Active 100% Green TM Resources (Canada) LTD 681262 518659 681009 681086 Active 100% Green TM Resources (Canada) LTD 681263 518660 681010 681087 Active 100% Green TM Resources (Canada) LTD 681264 518666 681011 681088 Active 100% Green TM Resources (Canada) LTD 702063 518667 681012 681089 Active 100% Green TM Resources (Canada) LTD 702064 518668 681013 681090 Active 100% Green TM Resources (Canada) LTD
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 83 Project Tenement No. Tenure Status Interest Registered Holder Seymour Lake 702065 518673 681014 681091 Active 100% Green TM Resources (Canada) LTD 702066 518674 681015 681092 Active 100% Green TM Resources (Canada) LTD 142404 518675 681016 681093 Active 100% Green TM Resources (Canada) LTD 156523 518676 681017 681094 Active 100% Green TM Resources (Canada) LTD 156524 518680 681018 681095 Active 100% Green TM Resources (Canada) LTD 156525 518681 681019 681096 Active 100% Green TM Resources (Canada) LTD 156526 518682 681020 681097 Active 100% Green TM Resources (Canada) LTD 181522 518683 681021 681098 Active 100% Green TM Resources (Canada) LTD 181523 518685 681022 681099 Active 100% Green TM Resources (Canada) LTD 201137 518686 681023 681100 Active 100% Green TM Resources (Canada) LTD 201138 111208 681024 681101 Active 100% Green TM Resources (Canada) LTD 273868 111240 681025 681102 Active 100% Green TM Resources (Canada) LTD 311679 115999 681026 681103 Active 100% Green TM Resources (Canada) LTD 343164 116000 681027 681104 Active 100% Green TM Resources (Canada) LTD 111512 116001 681028 681105 Active 100% Green TM Resources (Canada) LTD 161228 149204 681029 681106 Active 100% Green TM Resources (Canada) LTD 191608 152695 681030 681107 Active 100% Green TM Resources (Canada) LTD 307057 164290 681031 681108 Active 100% Green TM Resources (Canada) LTD 313805 164291 681032 681109 Active 100% Green TM Resources (Canada) LTD 329160 167331 681033 681110 Active 100% Green TM Resources (Canada) LTD 715625 177615 681034 681111 Active 100% Green TM Resources (Canada) LTD 715626 186421 681035 681112 Active 100% Green TM Resources (Canada) LTD 715627 186458 681036 681113 Active 100% Green TM Resources (Canada) LTD 715628 186459 681037 681114 Active 100% Green TM Resources (Canada) LTD 715629 224207 681038 681115 Active 100% Green TM Resources (Canada) LTD 715630 224208 681039 681116 Active 100% Green TM Resources (Canada) LTD 715631 230975 681040 681117 Active 100% Green TM Resources (Canada) LTD 715632 230976 681041 681118 Active 100% Green TM Resources (Canada) LTD 715633 252530 681042 681119 Active 100% Green TM Resources (Canada) LTD 715634 264569 681043 681120 Active 100% Green TM Resources (Canada) LTD 715635 264570 681044 681121 Active 100% Green TM Resources (Canada) LTD 715636 271302 681045 681122 Active 100% Green TM Resources (Canada) LTD 715637 278196 681046 681123 Active 100% Green TM Resources (Canada) LTD 715638 278197 681047 681124 Active 100% Green TM Resources (Canada) LTD 715639 297013 681048 681125 Active 100% Green TM Resources (Canada) LTD 716709 312772 681049 681126 Active 100% Green TM Resources (Canada) LTD 716710 312773 681050 681127 Active 100% Green TM Resources (Canada) LTD 716711 318517 681051 681128 Active 100% Green TM Resources (Canada) LTD 716712 326802 681052 681129 Active 100% Green TM Resources (Canada) LTD 716713 331205 681053 681130 Active 100% Green TM Resources (Canada) LTD 716714 331233 681054 681131 Active 100% Green TM Resources (Canada) LTD 716715 304354 681055 681132 Active 100% Green TM Resources (Canada) LTD 716716 680853 681056 681133 Active 100% Green TM Resources (Canada) LTD 716717 680854 681057 681134 Active 100% Green TM Resources (Canada) LTD 716718 680861 681058 681135 Active 100% Green TM Resources (Canada) LTD 716719 680862 681059 681136 Active 100% Green TM Resources (Canada) LTD 716720 680863 681060 681137 Active 100% Green TM Resources (Canada) LTD
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 84 Project Tenement No. Tenure Status Interest Registered Holder Seymour Lake 716721 680864 681061 681138 Active 100% Green TM Resources (Canada) LTD 716722 680865 681062 681139 Active 100% Green TM Resources (Canada) LTD 716723 680866 681063 681140 Active 100% Green TM Resources (Canada) LTD 716724 680869 681064 681141 Active 100% Green TM Resources (Canada) LTD 716725 680870 681207 681142 Active 100% Green TM Resources (Canada) LTD 716726 680871 681208 681143 Active 100% Green TM Resources (Canada) LTD 716727 680876 681209 681144 Active 100% Green TM Resources (Canada) LTD 716728 680877 681210 681145 Active 100% Green TM Resources (Canada) LTD 716729 680878 681211 681146 Active 100% Green TM Resources (Canada) LTD 716730 680883 681212 681147 Active 100% Green TM Resources (Canada) LTD 716731 680884 681213 681148 Active 100% Green TM Resources (Canada) LTD 716732 680885 681214 681149 Active 100% Green TM Resources (Canada) LTD 716733 680890 681215 681150 Active 100% Green TM Resources (Canada) LTD 102009 680891 681216 681151 Active 100% Green TM Resources (Canada) LTD 103639 680892 681217 681152 Active 100% Green TM Resources (Canada) LTD 108167 680894 681218 681153 Active 100% Green TM Resources (Canada) LTD 110535 680902 681219 681154 Active 100% Green TM Resources (Canada) LTD 112597 680903 681220 681155 Active 100% Green TM Resources (Canada) LTD 122538 680904 681221 681156 Active 100% Green TM Resources (Canada) LTD 125514 680905 681222 681157 Active 100% Green TM Resources (Canada) LTD 132743 680906 681223 681158 Active 100% Green TM Resources (Canada) LTD 140447 680907 681224 681159 Active 100% Green TM Resources (Canada) LTD 140448 680908 681225 681160 Active 100% Green TM Resources (Canada) LTD 142382 680909 681245 681161 Active 100% Green TM Resources (Canada) LTD 142383 680910 681265 681162 Active 100% Green TM Resources (Canada) LTD 142384 680911 681266 681163 Active 100% Green TM Resources (Canada) LTD 143993 680912 681267 681164 Active 100% Green TM Resources (Canada) LTD 146398 680913 681268 681165 Active 100% Green TM Resources (Canada) LTD 147644 680914 681269 681166 Active 100% Green TM Resources (Canada) LTD 147645 680915 681270 681167 Active 100% Green TM Resources (Canada) LTD 149178 680916 681271 681168 Active 100% Green TM Resources (Canada) LTD 152639 680917 681272 681169 Active 100% Green TM Resources (Canada) LTD 161036 680918 681273 681170 Active 100% Green TM Resources (Canada) LTD 161037 680922 681274 681171 Active 100% Green TM Resources (Canada) LTD 165944 680923 681275 681172 Active 100% Green TM Resources (Canada) LTD 167316 680924 681276 681173 Active 100% Green TM Resources (Canada) LTD 171277 680925 681277 681174 Active 100% Green TM Resources (Canada) LTD 182795 680926 681278 681175 Active 100% Green TM Resources (Canada) LTD 182796 680927 681279 681176 Active 100% Green TM Resources (Canada) LTD 183611 680928 681280 681177 Active 100% Green TM Resources (Canada) LTD 183612 680929 681281 681178 Active 100% Green TM Resources (Canada) LTD 184741 680930 769827 681179 Active 100% Green TM Resources (Canada) LTD 184742 680931 769828 681180 Active 100% Green TM Resources (Canada) LTD 186558 680932 1036552 681181 Active 100% Green TM Resources (Canada) LTD 190099 680933 1036553 681182 Active 100% Green TM Resources (Canada) LTD 193064 680934 1036554 681183 Active 100% Green TM Resources (Canada) LTD 193065 680935 1036555 681184 Active 100% Green TM Resources (Canada) LTD
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 85 Project Tenement No. Tenure Status Interest Registered Holder Seymour Lake 197307 680936 1036556 681185 Active 100% Green TM Resources (Canada) LTD 197308 680937 1036557 681186 Active 100% Green TM Resources (Canada) LTD 201118 680938 1036558 681187 Active 100% Green TM Resources (Canada) LTD 201239 680939 1036559 681188 Active 100% Green TM Resources (Canada) LTD 209269 680940 680850 681189 Active 100% Green TM Resources (Canada) LTD 210717 680941 680851 681190 Active 100% Green TM Resources (Canada) LTD 212521 680942 680852 681191 Active 100% Green TM Resources (Canada) LTD 216480 680943 680855 681192 Active 100% Green TM Resources (Canada) LTD 219380 680944 680856 681193 Active 100% Green TM Resources (Canada) LTD 219487 680945 680857 681194 Active 100% Green TM Resources (Canada) LTD 226788 680946 680858 681195 Active 100% Green TM Resources (Canada) LTD 232543 680947 680859 681196 Active 100% Green TM Resources (Canada) LTD 232544 680948 680860 681197 Active 100% Green TM Resources (Canada) LTD 233869 680952 680867 681198 Active 100% Green TM Resources (Canada) LTD 233870 680954 680868 681199 Active 100% Green TM Resources (Canada) LTD 233871 680958 680872 681200 Active 100% Green TM Resources (Canada) LTD 234515 680959 680873 681201 Active 100% Green TM Resources (Canada) LTD 237862 680960 680874 681202 Active 100% Green TM Resources (Canada) LTD 238118 680961 680875 681203 Active 100% Green TM Resources (Canada) LTD 244708 680962 680879 681204 Active 100% Green TM Resources (Canada) LTD 252479 680963 680886 681205 Active 100% Green TM Resources (Canada) LTD 252702 680964 680893 681206 Active 100% Green TM Resources (Canada) LTD 252703 680965 680895 681419 Active 100% Green TM Resources (Canada) LTD 252704 680966 680896 681420 Active 100% Green TM Resources (Canada) LTD 252705 680967 680897 695330 Active 100% Green TM Resources (Canada) LTD 255760 680968 680898 Active 100% Green TM Resources (Canada) LTD 264527 680969 680899 Active 100% Green TM Resources (Canada) LTD 268004 680970 680900 Active 100% Green TM Resources (Canada) LTD Junior Lake 108052 157402 253952 887077 Active 100% Green TM Resources (Canada) LTD 108053 157403 254928 887078 Active 100% Green TM Resources (Canada) LTD 113250 158000 256041 887079 Active 100% Green TM Resources (Canada) LTD 119992 158021 256971 887080 Active 100% Green TM Resources (Canada) LTD 119993 158022 257863 887081 Active 100% Green TM Resources (Canada) LTD 120938 158272 258050 887082 Active 100% Green TM Resources (Canada) LTD 120939 158273 258668 887083 Active 100% Green TM Resources (Canada) LTD 131460 158274 258695 887084 Active 100% Green TM Resources (Canada) LTD 136171 159635 259337 887085 Active 100% Green TM Resources (Canada) LTD 136518 159892 260374 887086 Active 100% Green TM Resources (Canada) LTD 142205 160298 260375 887087 Active 100% Green TM Resources (Canada) LTD 143515 160335 260715 887088 Active 100% Green TM Resources (Canada) LTD 147461 161226 260746 887093 Active 100% Green TM Resources (Canada) LTD 147462 161779 260960 887094 Active 100% Green TM Resources (Canada) LTD 148979 162660 264333 887111 Active 100% Green TM Resources (Canada) LTD 156073 162661 264334 887112 Active 100% Green TM Resources (Canada) LTD 156074 163101 264821 887113 Active 100% Green TM Resources (Canada) LTD 156075 163332 265944 702149 Active 100% Green TM Resources (Canada) LTD 165184 163482 266169 702150 Active 100% Green TM Resources (Canada) LTD
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 86 Project Tenement No. Tenure Status Interest Registered Holder Junior Lake 165185 163483 268690 702151 Active 100% Green TM Resources (Canada) LTD 176707 164061 269717 702152 Active 100% Green TM Resources (Canada) LTD 176708 164062 269718 702153 Active 100% Green TM Resources (Canada) LTD 189496 164063 270430 702154 Active 100% Green TM Resources (Canada) LTD 197106 165405 270431 702155 Active 100% Green TM Resources (Canada) LTD 197107 165443 271085 702156 Active 100% Green TM Resources (Canada) LTD 197108 166379 271804 702157 Active 100% Green TM Resources (Canada) LTD 214343 167128 273650 702158 Active 100% Green TM Resources (Canada) LTD 219375 168595 274545 702159 Active 100% Green TM Resources (Canada) LTD 219376 169238 274546 702160 Active 100% Green TM Resources (Canada) LTD 223289 170272 275529 702161 Active 100% Green TM Resources (Canada) LTD 231322 170414 275530 702162 Active 100% Green TM Resources (Canada) LTD 231323 172051 276631 702163 Active 100% Green TM Resources (Canada) LTD 236805 172550 276657 702164 Active 100% Green TM Resources (Canada) LTD 237809 176399 276658 702165 Active 100% Green TM Resources (Canada) LTD 243447 177783 276659 702166 Active 100% Green TM Resources (Canada) LTD 243448 178129 277621 702167 Active 100% Green TM Resources (Canada) LTD 244212 179172 277892 702168 Active 100% Green TM Resources (Canada) LTD 244213 179801 278376 702169 Active 100% Green TM Resources (Canada) LTD 250790 179831 278377 702170 Active 100% Green TM Resources (Canada) LTD 250791 180536 279146 702171 Active 100% Green TM Resources (Canada) LTD 255846 180537 280492 702172 Active 100% Green TM Resources (Canada) LTD 256266 181189 281159 702173 Active 100% Green TM Resources (Canada) LTD 263758 181190 281160 702174 Active 100% Green TM Resources (Canada) LTD 263759 181191 282526 702175 Active 100% Green TM Resources (Canada) LTD 274700 181267 283107 702176 Active 100% Green TM Resources (Canada) LTD 279316 181268 284883 702177 Active 100% Green TM Resources (Canada) LTD 279317 182200 284884 702178 Active 100% Green TM Resources (Canada) LTD 279318 182578 284885 702179 Active 100% Green TM Resources (Canada) LTD 279319 183713 285182 702180 Active 100% Green TM Resources (Canada) LTD 280735 185326 285716 702181 Active 100% Green TM Resources (Canada) LTD 292814 185365 288135 702182 Active 100% Green TM Resources (Canada) LTD 298007 185828 289208 702183 Active 100% Green TM Resources (Canada) LTD 298857 186453 289250 702184 Active 100% Green TM Resources (Canada) LTD 300062 186454 290466 643317 Active 100% Green TM Resources (Canada) LTD 300063 187200 290467 643318 Active 100% Green TM Resources (Canada) LTD 300301 187201 291172 643319 Active 100% Green TM Resources (Canada) LTD 305494 187302 292017 643320 Active 100% Green TM Resources (Canada) LTD 310923 188509 292018 643321 Active 100% Green TM Resources (Canada) LTD 311302 189631 292495 643322 Active 100% Green TM Resources (Canada) LTD 312234 195260 293014 643323 Active 100% Green TM Resources (Canada) LTD 312235 198555 293015 643324 Active 100% Green TM Resources (Canada) LTD 316706 198556 293041 643325 Active 100% Green TM Resources (Canada) LTD 324017 199208 294872 643326 Active 100% Green TM Resources (Canada) LTD 324018 201432 294873 643327 Active 100% Green TM Resources (Canada) LTD 324019 202021 294874 643328 Active 100% Green TM Resources (Canada) LTD 338271 202660 294875 643329 Active 100% Green TM Resources (Canada) LTD
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 87 Project Tenement No. Tenure Status Interest Registered Holder Junior Lake 343719 203290 296488 643330 Active 100% Green TM Resources (Canada) LTD 752321 203291 297771 643331 Active 100% Green TM Resources (Canada) LTD 100704 203906 297772 643332 Active 100% Green TM Resources (Canada) LTD 100705 205299 299435 643333 Active 100% Green TM Resources (Canada) LTD 102781 205300 300362 643334 Active 100% Green TM Resources (Canada) LTD 103571 206032 301175 643335 Active 100% Green TM Resources (Canada) LTD 103682 206033 302552 643336 Active 100% Green TM Resources (Canada) LTD 104033 206034 303255 643337 Active 100% Green TM Resources (Canada) LTD 104168 206689 304150 643338 Active 100% Green TM Resources (Canada) LTD 104201 207731 304151 643339 Active 100% Green TM Resources (Canada) LTD 104202 208248 305815 643340 Active 100% Green TM Resources (Canada) LTD 104203 209145 306448 643341 Active 100% Green TM Resources (Canada) LTD 104657 210052 308402 549395 Active 100% Green TM Resources (Canada) LTD 104658 210053 308571 549396 Active 100% Green TM Resources (Canada) LTD 105470 210689 310924 549397 Active 100% Green TM Resources (Canada) LTD 105471 210690 310925 549398 Active 100% Green TM Resources (Canada) LTD 109258 215144 310926 128034 Active 100% Green TM Resources (Canada) LTD 110721 215145 310927 204197 Active 100% Green TM Resources (Canada) LTD 111233 216532 311461 176833 Active 100% Green TM Resources (Canada) LTD 111234 216597 315291 191475 Active 100% Green TM Resources (Canada) LTD 111510 217362 315838 299535 Active 100% Green TM Resources (Canada) LTD 112187 218473 315839 887104 Active 100% Green TM Resources (Canada) LTD 112188 219233 316463 141828 Active 100% Green TM Resources (Canada) LTD 112415 221563 318358 144938 Active 100% Green TM Resources (Canada) LTD 112539 223148 318359 148211 Active 100% Green TM Resources (Canada) LTD 112540 223379 320400 173540 Active 100% Green TM Resources (Canada) LTD 112564 225024 320401 173541 Active 100% Green TM Resources (Canada) LTD 112565 225169 321471 177980 Active 100% Green TM Resources (Canada) LTD 112639 225170 321918 184759 Active 100% Green TM Resources (Canada) LTD 112784 225890 322056 210257 Active 100% Green TM Resources (Canada) LTD 112785 226429 322259 224531 Active 100% Green TM Resources (Canada) LTD 114001 228317 325651 224532 Active 100% Green TM Resources (Canada) LTD 114568 231122 325985 224533 Active 100% Green TM Resources (Canada) LTD 115305 231123 326012 224534 Active 100% Green TM Resources (Canada) LTD 115306 231476 327240 240161 Active 100% Green TM Resources (Canada) LTD 118100 232514 328255 286787 Active 100% Green TM Resources (Canada) LTD 118970 233147 328581 294802 Active 100% Green TM Resources (Canada) LTD 119444 233178 328616 299266 Active 100% Green TM Resources (Canada) LTD 121178 233179 328617 307492 Active 100% Green TM Resources (Canada) LTD 121826 234426 328927 307493 Active 100% Green TM Resources (Canada) LTD 121854 234427 329158 311115 Active 100% Green TM Resources (Canada) LTD 123951 234428 329677 314199 Active 100% Green TM Resources (Canada) LTD 124626 235523 329678 343082 Active 100% Green TM Resources (Canada) LTD 125132 235524 329679 887089 Active 100% Green TM Resources (Canada) LTD 125133 236611 329680 887090 Active 100% Green TM Resources (Canada) LTD 125895 236681 330320 887091 Active 100% Green TM Resources (Canada) LTD 132380 236682 330376 887092 Active 100% Green TM Resources (Canada) LTD
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 88 Project Tenement No. Tenure Status Interest Registered Holder Junior Lake 132381 238272 331507 887095 Active 100% Green TM Resources (Canada) LTD 133114 239210 331538 887096 Active 100% Green TM Resources (Canada) LTD 133858 240492 331674 887097 Active 100% Green TM Resources (Canada) LTD 133859 240515 331768 887098 Active 100% Green TM Resources (Canada) LTD 134706 240516 332081 887099 Active 100% Green TM Resources (Canada) LTD 136170 242417 332746 887100 Active 100% Green TM Resources (Canada) LTD 136172 242418 332747 887101 Active 100% Green TM Resources (Canada) LTD 136600 243831 333319 887102 Active 100% Green TM Resources (Canada) LTD 137009 243832 333320 887103 Active 100% Green TM Resources (Canada) LTD 138501 243833 333321 887105 Active 100% Green TM Resources (Canada) LTD 139169 244300 333634 887106 Active 100% Green TM Resources (Canada) LTD 139499 245007 334749 887107 Active 100% Green TM Resources (Canada) LTD 140614 245335 336516 887108 Active 100% Green TM Resources (Canada) LTD 142203 245336 338552 887109 Active 100% Green TM Resources (Canada) LTD 142204 245337 338553 887110 Active 100% Green TM Resources (Canada) LTD 143938 245338 338791 114827 Active 100% Green TM Resources (Canada) LTD 143965 245881 338792 142808 Active 100% Green TM Resources (Canada) LTD 143966 245882 339734 142809 Active 100% Green TM Resources (Canada) LTD 144011 246413 340795 155581 Active 100% Green TM Resources (Canada) LTD 145185 247202 340796 172166 Active 100% Green TM Resources (Canada) LTD 145186 247951 340831 172167 Active 100% Green TM Resources (Canada) LTD 146014 247952 340832 172168 Active 100% Green TM Resources (Canada) LTD 146563 249132 341531 172169 Active 100% Green TM Resources (Canada) LTD 147126 249971 342181 201406 Active 100% Green TM Resources (Canada) LTD 149197 249972 342745 201407 Active 100% Green TM Resources (Canada) LTD 149198 250008 342879 201408 Active 100% Green TM Resources (Canada) LTD 151074 251968 342903 209462 Active 100% Green TM Resources (Canada) LTD 151851 252008 342904 275499 Active 100% Green TM Resources (Canada) LTD 152692 252527 343824 275500 Active 100% Green TM Resources (Canada) LTD 152693 252748 343825 311427 Active 100% Green TM Resources (Canada) LTD 154050 253389 887073 324147 Active 100% Green TM Resources (Canada) LTD 156106 253390 887074 Active 100% Green TM Resources (Canada) LTD 156107 253765 887075 Active 100% Green TM Resources (Canada) LTD 157401 253881 887076 Active 100% Green TM Resources (Canada) LTD Root Lake 101503 685648 685711 122351 Active 100% Green TM Resources (Canada) LTD 101504 685649 685712 124441 Active 100% Green TM Resources (Canada) LTD 116836 685650 685713 152951 Active 100% Green TM Resources (Canada) LTD 121133 685651 685714 160964 Active 100% Green TM Resources (Canada) LTD 121134 685652 685715 160965 Active 100% Green TM Resources (Canada) LTD 160180 685653 685716 160966 Active 100% Green TM Resources (Canada) LTD 160270 685654 685717 166199 Active 100% Green TM Resources (Canada) LTD 166201 685655 685718 169575 Active 100% Green TM Resources (Canada) LTD 166202 685656 685719 179044 Active 100% Green TM Resources (Canada) LTD 166203 685657 685720 179045 Active 100% Green TM Resources (Canada) LTD 166284 685658 685721 182367 Active 100% Green TM Resources (Canada) LTD 179021 685659 685722 194973 Active 100% Green TM Resources (Canada) LTD 214121 685660 685723 196921 Active 100% Green TM Resources (Canada) LTD
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 89 Project Tenement No. Tenure Status Interest Registered Holder Root Lake 214122 685661 685724 214118 Active 100% Green TM Resources (Canada) LTD 214123 685662 685725 214119 Active 100% Green TM Resources (Canada) LTD 214216 685663 685726 217760 Active 100% Green TM Resources (Canada) LTD 214217 685664 685727 225637 Active 100% Green TM Resources (Canada) LTD 214218 685665 685728 225638 Active 100% Green TM Resources (Canada) LTD 232916 685666 685729 233675 Active 100% Green TM Resources (Canada) LTD 232917 685667 685730 261574 Active 100% Green TM Resources (Canada) LTD 232988 685668 685731 262879 Active 100% Green TM Resources (Canada) LTD 232989 685669 685732 269563 Active 100% Green TM Resources (Canada) LTD 269553 685670 685733 269564 Active 100% Green TM Resources (Canada) LTD 269630 685671 685734 272959 Active 100% Green TM Resources (Canada) LTD 282239 685672 685735 281639 Active 100% Green TM Resources (Canada) LTD 289614 685673 685736 281640 Active 100% Green TM Resources (Canada) LTD 298925 685674 685737 285014 Active 100% Green TM Resources (Canada) LTD 298926 685675 685738 290289 Active 100% Green TM Resources (Canada) LTD 298927 685676 685739 290290 Active 100% Green TM Resources (Canada) LTD 298947 685677 685740 321059 Active 100% Green TM Resources (Canada) LTD 298948 685678 685741 321565 Active 100% Green TM Resources (Canada) LTD 328813 685679 685742 328205 Active 100% Green TM Resources (Canada) LTD 340586 685680 685743 328206 Active 100% Green TM Resources (Canada) LTD 340587 685681 685744 328226 Active 100% Green TM Resources (Canada) LTD 340676 685682 685745 329530 Active 100% Green TM Resources (Canada) LTD 685620 685683 685746 329531 Active 100% Green TM Resources (Canada) LTD 685621 685684 685747 340566 Active 100% Green TM Resources (Canada) LTD 685622 685685 685748 340588 Active 100% Green TM Resources (Canada) LTD 685623 685686 685749 340589 Active 100% Green TM Resources (Canada) LTD 685624 685687 685750 341368 Active 100% Green TM Resources (Canada) LTD 685625 685688 685751 341369 Active 100% Green TM Resources (Canada) LTD 685626 685689 685752 341370 Active 100% Green TM Resources (Canada) LTD 685627 685690 685753 553204 Active 100% Green TM Resources (Canada) LTD 685628 685691 685754 553205 Active 100% Green TM Resources (Canada) LTD 685629 685692 685755 553206 Active 100% Green TM Resources (Canada) LTD 685630 685693 685756 553207 Active 100% Green TM Resources (Canada) LTD 685631 685694 685757 553208 Active 100% Green TM Resources (Canada) LTD 685632 685695 685758 553209 Active 100% Green TM Resources (Canada) LTD 685633 685696 685759 553210 Active 100% Green TM Resources (Canada) LTD 685634 685697 685760 553211 Active 100% Green TM Resources (Canada) LTD 685635 685698 685761 553212 Active 100% Green TM Resources (Canada) LTD 685636 685699 685762 553213 Active 100% Green TM Resources (Canada) LTD 685637 685700 685763 553214 Active 100% Green TM Resources (Canada) LTD 685638 685701 685764 553215 Active 100% Green TM Resources (Canada) LTD 685639 685702 685765 553216 Active 100% Green TM Resources (Canada) LTD 685640 685703 685766 553217 Active 100% Green TM Resources (Canada) LTD 685641 685704 101422 553218 Active 100% Green TM Resources (Canada) LTD 685642 685705 101696 739122 Active 100% Green TM Resources (Canada) LTD 685643 685706 117902 298950 Active 100% Green TM Resources (Canada) LTD 685644 685707 121020 328225 Active 100% Green TM Resources (Canada) LTD
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GREEN TECHNOLOGY METALS LTD | ANNUAL REPORT 2026 Green Technology Metals Ltd | Page 90 Project Tenement No. Tenure Status Interest Registered Holder Root Lake 685645 685708 121042 Active 100% Green TM Resources (Canada) LTD 685646 685709 122349 Active 100% Green TM Resources (Canada) LTD 685647 685710 122350 Active 100% Green TM Resources (Canada) LTD Gathering Lake 632260 637307 637875 637880 Active 100% Green TM Resources (Canada) LTD 632259 637309 637876 638325 Active 100% Green TM Resources (Canada) LTD 637305 637308 637877 638324 Active 100% Green TM Resources (Canada) LTD 637306 637874 637879 Active 100% Green TM Resources (Canada) LTD Superb Lake 644430 644431 Active 100% Green TM Resources (Canada) LTD Pennock Lake 646106 646114 646116 622116 Active 100% Green TM Resources (Canada) LTD 646107 646115 622108 622126 Active 100% Green TM Resources (Canada) LTD Wisa Lake 103529 177777 231808 301603 Active 100% Green TM Resources (Canada) LTD 103846 177778 234393 307936 Active 100% Green TM Resources (Canada) LTD 113513 177779 243004 308449 Active 100% Green TM Resources (Canada) LTD 118618 178817 243329 308450 Active 100% Green TM Resources (Canada) LTD 118619 183797 244999 317062 Active 100% Green TM Resources (Canada) LTD 118801 193276 246563 327963 Active 100% Green TM Resources (Canada) LTD 118802 193277 246564 329248 Active 100% Green TM Resources (Canada) LTD 119131 195845 250542 329645 Active 100% Green TM Resources (Canada) LTD 119132 198377 252720 338625 Active 100% Green TM Resources (Canada) LTD 119133 212601 253045 338787 Active 100% Green TM Resources (Canada) LTD 129848 212614 253046 635731 Active 100% Green TM Resources (Canada) LTD 131136 213853 262540 635732 Active 100% Green TM Resources (Canada) LTD 133592 213854 269309 635733 Active 100% Green TM Resources (Canada) LTD 145905 215841 269310 635734 Active 100% Green TM Resources (Canada) LTD 150259 215842 271771 635735 Active 100% Green TM Resources (Canada) LTD 157769 215843 271772 635736 Active 100% Green TM Resources (Canada) LTD 159951 223146 281855 635737 Active 100% Green TM Resources (Canada) LTD 161045 224167 281856 635738 Active 100% Green TM Resources (Canada) LTD 164373 224168 282740 635739 Active 100% Green TM Resources (Canada) LTD 167103 230802 282741 635740 Active 100% Green TM Resources (Canada) LTD 176985 231115 289548 635741 Active 100% Green TM Resources (Canada) LTD 176986 231116 297767 635742 Active 100% Green TM Resources (Canada) LTD
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Contacts REGISTERED OFFICE Level 1, 1 Alvan Street, Subiaco WA 6008, Australia SHARE REGISTRY Automic Group | 1300 288 664 WEBSITE www.greentm.com.au Green Technology Metals Limited | ABN 99 648 657 649 | ASX: GT1