Green Technology Metals (ASX:GT1), a Canadian-focused lithium developer, has received an extended letter of interest from Export Development Canada for potential financing of up to CAD$100 million for its Seymour Lithium Project.
The extended LOI, originally announced in December 2024, remains valid through December 2026, allowing additional time for EDC's due diligence and internal approvals.
EDC, Canada’s official export credit agency, is expected to co-lend alongside other export credit agencies or commercial lenders.
GT1 Managing Director Cameron Henry said the extension reflects EDC's continued confidence in the project and provides an opportunity to advance development amid improving lithium market conditions.
The company also noted strong support from Canadian and Ontario governments, including streamlined permitting under Ontario's "One Project, One Process" initiative and federal funding programs such as the CAD$2 billion Critical Minerals Sovereign Fund and the CAD$372 million First and Last Mile Fund, aimed at accelerating critical mineral projects.
GT1 emphasised its ongoing commitment to Indigenous partners, recognising their stewardship of the traditional territory where the project is located.
At the time of reporting, Green Technology Metals' share price was $0.054.