Ardiden Limited announced that it has reached agreement with Green Technologies Metals Limited, formerly Great Northern Lithium Pty Ltd, to increase the total consideration payments and accelerate the timing of the payments received under the original terms. Under the altered terms, Ardiden will receive a total of AUD 9.2 Million comprised as follows: AUD 200,000 Option Fee (already received); AUD 1,500,000 cash Consideration Payment at receipt of Ardiden shareholder approval; AUD 4,000,000 payment at GTM receiving a conditional admission letter from ASX, or by no later than 6 months after the Consideration Payment, comprising: AUD 1,750,000 in cash; and An additional $2,250,000 instalment (cash or shares at GTM's election, the latter of which is subject to ASX Conditional Admission and any required escrow), to earn a 51% interest in the Lithium tenements. GTM is currently preparing its in principle advice submission to the ASX for a proposed listing via Initial Public Offering (`IPO'). Subject to obtaining necessary approvals, GTM has indicated that its current intention is to offer access for Ardiden shareholders to the IPO raising via a priority offer, but there is no guarantee that the offer will eventuate.

This enables Ardiden to retain upside exposure to the battery metals market by retaining a minimum 20% interest, while providing the capital to prioritise the exploration at Ardiden's highly prospective and District-Scale Pickle Lake Gold Project.