Name of the Project
Seymour and Root – mine and concentrator projects.

Location
Ontario, Canada.

Project Owner/s
Green Technology Metals (GT1).

Project Description
A preliminary economic assessment has considered two development options for the project:

Option 1 evaluates the economics of spodumene production from the Seymour and Root projects over their respective mine lives, without a converter. An estimated 207 000 t/y of saleable spodumene concentrates, or SC5.5 (about a 50:50 ratio), is expected to be produced, culminating in 15 years of mine production, with phased capital expenditure (capex) for two mines and concentrators.

Option 2 considers an integrated lithium project that includes the mines, concentrators and a lithium hydroxide facility, with average lithium hydroxide monohydrate production of 24 400 t/y over a 15-year mine life.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The mine and concentrator project has an estimated after-tax net present value (NPV) of C$1.19-billion and an internal rate of return (IRR) of 54%, with a payback of 1.3 years.

The integrated project has an estimated NPV of C$1.51-billion and an IRR of 27%, with a payback of 3.3 years.

Capital Expenditure
Initial startup capital for the mine and concentrator is estimated at C$216-million and the second phase at C$467-million.

Startup capex for the integrated project is estimated at C$1.06-billion.

Planned Start/End Date
Not stated.

Latest Developments
Amid a cooling lithium market GT1 has been forced to defer the release of its definitive feasibility study (DFS) for the Seymour project. The study, originally expected this year, will be delayed as part of a broader cost discipline initiative that includes workforce reductions.

The company has taken action to preserve capital while focusing resources on critical development work at Seymour. Measures implemented over the past six months include workforce reductions, suspension of exploration across all projects, and deferral of executive management and director fees. Major DFS-related expenditures have been delayed, though about 70% of the study is already complete.

GT1 has also reduced contractor expenditure, demobilised exploration camps, and instituted payment plans with key creditors to maintain financial flexibility.

Despite the slowdown, GT1 has secured several key milestones in the past year, including a letter of interest from Export Development Canada, ongoing support from the Canadian government, and the delivery of a 30-million-tonne mineral resource. The company has also applied for an additional C$5.5-million in funding under the Critical Minerals Infrastructure Fund to support engineering and consultation work at its Seymour and Root projects.

The company continues to emphasise its commitment to environmental stewardship and First Nations engagement. GT1 said it views the Canadian government’s push for a domestic critical minerals supply chain as an important tailwind for its future development plans.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Green Technology Metals, tel +61 8 6557 6825 or email info@greentm.com.au.