Green Technology Metals Advances Seymour Lithium Project with $4.5M Capital Raise

Strategic Appointment to Drive DFS Completion

Green Technology Metals (ASX – GT1) has taken a significant step forward in its ambition to become Ontario’s first lithium producer by appointing Altris Engineering to lead the finalisation of the Definitive Feasibility Study (DFS) for the Seymour Lithium Project. Altris brings extensive Canadian mining feasibility experience, particularly in hard rock spodumene concentrators, which aligns well with Seymour’s technical requirements.

This move reflects GT1’s balanced approach to advancing critical project workstreams while maintaining a disciplined cash-conservation strategy. Supported by a recent $4.5 million capital raise, the company is focusing on essential DFS activities and permitting efforts, deferring full-scale DFS ramp-up until market conditions improve in early 2026.

Optimised Project Design and Environmental Improvements

The DFS incorporates several key design updates since the 2025 Preliminary Economic Assessment (PEA), including a 45% reduction in project footprint to approximately 388 hectares. This downsizing supports better operational efficiency and environmental performance. Notably, the water management strategy has been optimised to eliminate the South Dam, simplifying surface water handling and delivering substantial capital savings.

These refinements are expected to enhance project economics by lowering capital and operating costs while improving environmental outcomes. The use of Dense Media Separation processing without chemical reagents further underscores the project’s environmentally responsible approach.

Strong Foundations and Indigenous Partnerships

Seymour benefits from established infrastructure, including all-weather road access and proximity to Thunder Bay, which reduces execution risk and development costs. The project’s permitting status is advanced, with mining leases secured and Impact Benefit Agreement negotiations with Indigenous partners underway. GT1 emphasises its commitment to respectful and collaborative relationships with Indigenous communities, a critical factor in the project’s social licence to operate.

Financially, the company is progressing support pathways, including a conditional letter of interest from Export Development Canada for up to C$100 million and government infrastructure funding applications. These elements collectively de-risk the project and position it well for rapid development once lithium market conditions stabilise.

Looking Ahead to 2026 and Beyond

GT1 plans to ramp up DFS activities in Q1 2026, focusing on finalising mine scheduling, infrastructure definition, and procurement pricing. This timeline aligns with forecasts anticipating a lithium market rebound, aiming for a positive Final Investment Decision by mid-2026. The company’s methodical progress and strategic partnerships suggest Seymour is poised to move swiftly into construction and production phases when market dynamics become favourable.

Overall, GT1’s latest announcement underscores its commitment to disciplined development, technical excellence, and community engagement, setting the stage for a potentially transformative role in North America’s critical minerals landscape.