GT Resources - Drilling Canalask Project in Yukon, Plus Large Existing Ni-Cu Project in Finland Upside

• GT Resources recently raised $1.8M to advance their Canalask nickel-copper project in Yukon
• Historic drilling at Canalask identified high-grade nickel (1.35%) with copper grab samples up to 6%
• The company plans to conduct a 400-500m deep drill program at Canalask starting in July to target massive sulfides
• GT also owns the LK nickel-copper project in Finland with a large existing resource
• The company is well-capitalized with over $10M in treasury to fund exploration

About GT Resources

As the world accelerates its transition to clean energy technologies like electric vehicles and renewable power, securing reliable supplies of critical battery metals like nickel and copper has become a top priority. Demand for these metals is projected to soar in the coming decades, creating a significant opportunity for mining companies able to bring new deposits into production. One junior explorer well-positioned to capitalize on this macro trend is GT Resources (TSXV:GT).

GT Resources is focused on discovering and ultimately producing critical Green Transportation Metals, including sulphide nickel, copper, palladium, platinum, and cobalt. The company's strategy is driven by the growing demand for these metals in the face of climate change risks and opportunities.

GT Resources is advancing district-scale deposits in Canada and Finland. The Läntinen Koillismaa (LK) Project in north-central Finland is a PGE-copper-nickel project with existing NI43-101 Mineral Resources. Additionally, GT Resources has two high-grade nickel-copper projects in Canada: the Tyko project in Ontario and the Canalask project in the Yukon.

The company is committed to delivering Net-Zero Greenhouse Gas (GHG) emissions throughout the full life cycle of its operations, from exploration and development to mining activities and the production of the metals they strive to produce. This commitment aligns with the global effort to mitigate climate change and transition to a more sustainable future.

Interview with President & CEO, Derrick Weyrauch

Canalask Project in Yukon, Canada

GT's flagship asset is the Canalask Nickel-Copper Project located in the mining-friendly jurisdiction of Yukon, Canada. Canalask boasts excellent access and infrastructure, situated just off the Alaska Highway about a 4.5 hour drive from the capital of Whitehorse. The project sits on the Kluane Ultramafic Belt, a highly prospective regional structure known to host nickel-copper mineralization.

Canalask was previously explored by Falconbridge in the early 2000s before the major was acquired. Their work identified a historic footwall deposit containing an estimated 400,000 tons grading an impressive 1.35% nickel. Copper grades were not reported at the time but could represent additional upside.

As GT Resources President & CEO Derrick Weyrauch explained in a recent interview,

"The grades were very good - just the nickel alone is about 1.35%. Fantastic grade near surface. We have copper grab samples that we've taken up to 6%. There's lots of mineralization there, it's a matter of chasing it. Our real focus here is massive sulfides - we're looking for high-grade massive sulfides."

Well-Funded to Drill Test High-Priority Targets

Armed with a recent $1.8 million financing, GT is mobilizing to launch a drill program at Canalask right away. The company plans to drill 4-5 holes ranging from 400-500 meters deep to test a large geophysical anomaly (Maxwell plate). Down-hole electromagnetics will also be deployed to vector in on higher grade massive sulfide mineralization.

With drilling expected to continue into late August, steady news flow from Canalask should provide ample catalysts for GT's stock over the summer months. Any success intersecting wide intervals of high-grade nickel-copper massive sulfides would be a game-changer for the company.

Secondary Project Provides Additional Upside

While Canalask is GT's main focus in the near-term, the company's nickel-copper assets in Finland provide investors with additional upside optionality. The LK Project hosts a large existing disseminated sulfide resource while the adjoining KS Project contains a completely different geological setting with potential for high-grade massive sulfides.

Recent drilling by the Finnish Geological Survey confirmed KS contains the right host rocks to potentially feed the LK system. Grab sampling of LK's disseminated sulfides returned extremely high metal tenors with 1.36% nickel and 0.3% copper. As Weyrauch points out,

"If we can find even a small unit in a trap or embayment within KS, it could be extremely valuable rock."

GT plans to conduct geophysical surveys at KS later this year to generate drill targets for a future program. With over $10 million in working capital, the company is fully funded to simultaneously advance both its Yukon and Finland assets.

The Perils & Promise of the Junior Mining Sector

Of course, investing in junior mining companies comes with elevated risk. As Weyrauch readily acknowledges, "This is a game that is highly risky. Not every project is going to work."

Many things can derail a project, ranging from low-grade or refractory mineralization to permitting delays, social opposition, or lack of infrastructure. To mitigate these risks, Weyrauch advocates a portfolio approach:

"Having multiple projects de-risks activities. You want to have multiple projects so if one's getting slowed down or doesn't work, you flip into the next great idea. You test ideas, de-risk targets and advance them."

Conclusion

While institutional funding for juniors remains scarce, Weyrauch believes the growing focus on critical minerals like nickel and copper bodes well for the sector. He argues what's needed is more capital flowing to the junior space and a faster, more consistent permitting process. With a tight share structure, strong financial backing and highly prospective projects in mining-friendly jurisdictions, GT Resources appears to check many of the right boxes.

The Investment Thesis for GT Resources

• High-grade nickel-copper projects in Tier-1 mining jurisdictions of Canada and Finland
• Exposure to two battery metals essential for the clean energy transition
• Imminent catalyst with inaugural drill program at flagship Canalask Project
• Following up on historic drilling which returned 1.35% nickel with 0.3% copper in grab samples
• Fully-funded with $10M+ in treasury to aggressively explore and make new discoveries
• Backed by mining heavyweights Glencore and Eric Sprott along with strong retail following
• Experienced management team with skin in the game and track record of success
• Attractive entry point for a multi-project battery metals company with huge upside potential

Macro Thematic Analysis

The global transition to a low-carbon future is now fully underway, with governments and corporations worldwide committing trillions of dollars to electrify transportation and decarbonize power grids. This monumental shift will require vast amounts of metals like nickel, copper, lithium, and cobalt to build out the necessary clean energy infrastructure.

According to the International Energy Agency, meeting the Paris Climate Agreement goals will require global annual nickel and copper production to increase by 19 and 7 times respectively by 2040 versus 2020 levels. Surging demand, combined with chronic underinvestment in new mine supply and increasingly stringent ESG requirements, has set the stage for a potential super cycle in battery metals prices.

This creates an enormous opportunity for mining companies able to bring new, responsibly sourced nickel and copper production online to meet soaring demand.