GT1 Secures Up to C$100M Financing Support Extension for Seymour Project

Strategic Financing Support Extended

Green Technology Metals Limited (ASX – GT1) has announced the extension of a Letter of Interest (LOI) from Export Development Canada (EDC), signalling continued potential financing support of up to C$100 million for the Seymour Lithium Project in Ontario. This extension, valid through December 2026, allows both parties additional time to complete due diligence and internal approvals, underscoring EDC’s sustained confidence in the project’s prospects.

A Boost for Canada’s Critical Minerals Ambitions

The Seymour Project sits at the heart of Canada’s growing critical minerals strategy, with the federal and Ontario governments actively streamlining regulatory processes and introducing funding initiatives to accelerate development. Notably, Ontario’s “One Project, One Process Bill” aims to halve approval times for mining projects, while federal funds like the C$2 billion Critical Minerals Sovereign Fund and the First and Last Mile Fund provide strategic financial backing. These measures collectively enhance the attractiveness of projects like Seymour, positioning them as key contributors to the global energy transition.

EDC’s Role and Market Positioning

As Canada’s official export credit agency, EDC has a strong track record in financing mining and sustainable technology projects, having closed over 540 transactions worth more than US$41 billion. Its willingness to co-lend alongside other export credit agencies and commercial lenders offers GT1 a diversified and competitive financing structure. This partnership not only validates the Seymour Project’s strategic importance but also enhances its appeal to a broad spectrum of financiers.

Commitment to Indigenous Partnerships and Sustainability

GT1 emphasises its ongoing commitment to Indigenous communities, recognising the traditional territories on which it operates. The company pledges to foster respectful relationships based on trust and collaboration, aligning with broader reconciliation efforts. This approach is increasingly important in the mining sector, where social licence and community engagement are critical to project success.

Looking Ahead to 2026

With the extended LOI in place, GT1 anticipates 2026 to be a transformative year, advancing key milestones for the Seymour Project. The company’s substantial mineral resource base, combined with favourable market conditions and strong institutional support, positions it well to capitalise on the growing demand for lithium – a vital component in the global shift towards clean energy and electric vehicles.