Ontario awards Seymour lithium project two 21-year leases
ASX-listed Green Technology Metals has secured two new 21-year mining leases for its Seymour lithium project that now provide full lease coverage over the proposed construction footprint.
The new leases were granted by the Ontario Ministry of Mines, adding to the original mining lease issued in December 2023, and together representing a key regulatory milestone for the project.
MD Cameron Henry commented that the granting of the leases significantly derisked the project. “Our focus remains on advancing the Seymour project, with a particular emphasis on securing the key permits and approvals required to bring the project into development. The granting of these mining leases marks a major milestone on that critical path and demonstrates our team’s deep understanding of the permitting process and our capability to execute."
In a further boost to the project’s development timeline, regulatory authorities have determined that the Seymour lithium project will only be subject to provincial environmental assessment requirements, meaning it will not require a federal review under Canada’s Impact Assessment Act.
“Regulatory authorities have confirmed that the Seymour project is subject solely to provincial environmental assessment requirements, with no federal Impact Assessment Act process required. This regulatory path forward reduces overall permitting risk and supports an efficient permitting pathway to development,” the company added.
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