GT Resources (TSXV:GT) - Drilling Commences at High-Grade Nickel-Copper Project

Company Interviews

Interview with Derrick Weyrauch, President & CEO of GT Resources Inc.

Our previous interview: https://www.cruxinvestor.com/posts/gt-resources-tsxvgt-positioned-for-success-in-the-green-transportation-revolution-5060

Recording date: 17th June 2024

GT Resources (TSXV:GT) is an attractively valued junior explorer with two highly prospective nickel-copper projects in mining-friendly jurisdictions. With the world rapidly transitioning to clean energy technologies, demand for key battery metals like nickel and copper is set to soar in the coming decades. GT offers investors compelling exposure to this macro theme and a timely opportunity to invest alongside mining heavyweights Glencore and Eric Sprott.

The company's flagship asset is the Canalask Nickel-Copper Project in 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. Previous drilling by Falconbridge in the early 2000s identified a historic footwall deposit grading an impressive 1.35% nickel, with grab samples returning up to 6% copper.

With a recent $1.8 million financing, GT is commencing its drill program at the Canalask Nickel-Copper project. The company plans to drill 400-500 meter depths to test geophysical anomaly. The goal is to confirm and expand the historic resource while vectoring 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.

GT's secondary assets in Finland provide investors with additional upside optionality. The LK Project hosts a large existing disseminated sulfide resource while the adjoining KS Project offers potential for new high-grade discoveries. Grab sampling at LK returned extremely high metal tenors including 1.3% nickel and 0.3% copper. GT plans to conduct geophysical surveys at KS later this year to generate drill targets for a future program.

The company is well-capitalized to aggressively advance both its Yukon and Finland portfolios with over $10 million in working capital. This strong treasury, along with a tight share structure and institutional backing from the likes of Glencore and Eric Sprott, are key differentiators for GT versus many of its junior mining peers.

Of course, investing in early-stage exploration companies carries elevated risk. Many things can go wrong ranging from low-grade drill results to permitting delays, social opposition, and lack of infrastructure. However, GT has taken steps to mitigate these risks by securing projects in favorable jurisdictions and maintaining a diversified asset base. As CEO Derrick Weyrauch explains, "You want to have multiple projects so if one's getting slowed down or doesn't work, you flip into the next great idea."

The investment thesis for GT is straightforward: the company offers investors a compelling combination of high-grade nickel-copper projects, imminent catalysts, a strong treasury, and world-class backing to capitalize on the once-in-a-generation opportunity in battery metals. With drilling at Canalask set to commence in the coming weeks, now appears an opportune time for investors to take a closer look at GT Resources.

View GT Resources' company profile: https://www.cruxinvestor.com/companies/palladium-one-mining

Sign up for Crux Investor: https://cruxinvestor.com