Green Technology Metals Receives Letter of Interest from Export Development Canada for Seymour Lithium Project Financing

Green Technology Metals Limited (ASX: GT1) has received a Letter of Interest (LOI) from Export Development Canada (EDC) for potential project financing of up to C$100 million for the Seymour Lithium Project. This partnership signifies a significant milestone for GT1 and highlights the project’s importance in Canada’s critical minerals supply chain.

GT1 has been in discussions with EDC since September 2024, providing key project information and financial modeling, leading to the issuance of the LOI. EDC, a self-sustaining financial Crown corporation owned by the Government of Canada, specializes in financing solutions for Canadian exporters and has a strong track record in various sectors.

The potential financing from EDC is subject to a comprehensive due diligence process covering economic, technical, environmental, and social aspects, as well as credit approval. This support from EDC complements interest from other global lenders, strengthening the project’s financing structure and positioning the Seymour Project to become Ontario’s first lithium producer.

GT1’s Managing Director, Cameron Henry, expressed excitement about the partnership with EDC and the project’s progress. The company is committed to advancing discussions with global lenders while focusing on Indigenous consultation, permitting approvals, and reaching a Final Investment Decision in 2025.

The LOI from EDC validates the robustness of the Seymour Project and underscores GT1’s strategy to become a leading player in Ontario’s lithium production. With strong partnerships and a solid financing framework, GT1 is well-positioned to achieve its goals and contribute to Canada’s critical minerals strategy.

For further information, visit www.greentm.com.au or contact Investors Relations at [email protected] or Media Relations at [email protected]. Source: Green Technology Metals.
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