Green Technology Metals Ltd (ASX:GT1, OTC:GTMLF) has received conditional funding approval for the Jackfish and Armstrong Bypass Road Upgrade Project, which is directly associated with the Seymour Lithium Project in Ontario, Canada.
The Canadian-focused multi-asset lithium business has received a letter of conditional approval for a contribution of up to C$5,470,000 (~A$5.95 million) from Natural Resources Canada (NRCan) as part of the Critical Minerals Infrastructure Fund (CMIF) for the road upgrade.
“This road and bridge upgrade project is essential for advancing the mine’s development and will bring significant benefits to the local community, such as improving road safety and reducing traffic through town,” GT1 managing director Cameron Henry said.
“Mining projects are always challenging to get off the ground, so we greatly appreciate the Federal Government’s support for this critical infrastructure.
Road upgrade project
The road upgrade project includes upgrading two roads, totalling 56 kilometres, and replacing three single-lane bridges to support increased truck capacity for the Seymour lithium mining operation.
These improvements will accommodate the increased traffic flow expected with the construction of the Seymour project.
The upgraded roads will also facilitate ongoing forestry and mineral exploration activities in Armstrong while ensuring that non-residential traffic can bypass local residential areas, thereby maintaining minimal impact and ongoing access for Indigenous communities.
The planned work is due to commence next year, subject to overall Seymour project approvals.
“The development of the Seymour project is a priority for Green Technology Metals, as it will play a key role in unlocking the full potential of the Canadian battery supply chain,” said Henry.
“We look forward to continuing to work with the NRCan team to complete the remaining due diligence and finalise the necessary agreements for this important project.”
Proposed Airport/Pikitigushi and Jackfish Road upgrades.
Critical Minerals Infrastructure Fund
The Critical Minerals Infrastructure Fund (CMIF) is Natural Resources Canada flagship program under the Critical Minerals Strategy.
It supports clean energy and transportation infrastructure projects necessary to increase Canada’s supply of responsibly sourced critical minerals and the development of domestic and global value chains for the green and digital economy.
“The funding from the Critical Minerals Infrastructure Fund (CMIF) for clean energy and transportation projects is vital for enabling the sustainable development and expansion of Canada’s critical minerals sector,” said Henry.