Green Technology Metals (ASX:GT1) progresses Ontario Lithium Projects ahead of 2026 market recovery
November 19, 2025Green Technology Metals has reinforced its standing as one of Canada’s most advanced lithium developers, progressing the Definitive Feasibility Study (DFS) for its Seymour Project in Ontario while maintaining momentum across permitting, government engagement, and project funding.
The company’s latest update reflects both operational discipline and strategic foresight amid an improving global lithium outlook.
Highlights
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DFS for Seymour Project 70% complete, with a revised site layout reducing the environmental footprint by 45%.
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$4.5 million capital raise completed, ensuring funding stability through to key milestones.
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Closure Plan and Environmental Assessment nearing completion, positioning Seymour for construction readiness.
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Strong alignment with Canadian federal and provincial initiatives, including more than C$2 billion in new critical minerals funding.
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Multiple investment banks forecast lithium price recovery from 2026, coinciding with GT1’s development timeline.
At a time when many lithium juniors have scaled back, Green Technology Metals is methodically advancing its flagship projects at Seymour and Root in north-west Ontario, where combined resources total 30.4 million tonnes at 1.17% Li₂O.
The company’s development focus has been shaped around the view that the lithium market is set to recover from 2026, supported by rising demand from electric vehicles and energy storage systems.
The company has recommenced work on its DFS for the Seymour Project, now around 70% complete, incorporating a hybrid underground mining design and an optimised water management system.
This has reduced the project footprint by almost half and eliminated the need for the previously proposed South Dam, with the redesign following detailed consultation with Indigenous partners and expected to lower both environmental impact and capital intensity while supporting a smoother permitting process.
In the words of Managing Director Cameron Henry,
“We are pleased to have recommenced work on the Seymour DFS with a revised site layout that reduces Seymour’s environmental footprint by 45%. This represents a significant benefit both economically and environmentally, reflecting the collaborative approach we have maintained with our Indigenous partners throughout the design process.”
Alongside this engineering progress, GT1 has continued to advance key permitting milestones, with the Closure Plan now in its final stages and ongoing technical consultation taking place with local Indigenous communities.
The Environmental Assessment is awaiting completion approval, and the company is preparing to commence formal negotiations on an Impact Benefit Agreement, after which GT1 will be positioned to move toward a Final Investment Decision in 2026.
The broader Canadian policy environment continues to support GT1’s strategy, with Ottawa’s 2025 federal budget introducing a C$2 billion Critical Minerals Sovereign Fund and Ontario launching a C$500 million Critical Minerals Processing Fund alongside a streamlined One Project, One Process framework to accelerate approvals.
Green Technology has already applied for funding under the Ontario Critical Minerals Innovation Fund to assist with studies for its proposed lithium conversion facility in Thunder Bay, part of its vertically integrated development model.
Analysts from Barrenjoey, Goldman Sachs, S&P Global and JP Morgan have all upgraded their lithium forecasts, citing an inflection point driven by energy storage growth.
Barrenjoey now sees spodumene concentrate prices rising to over US$3,200 per tonne in 2026–27, while JP Morgan expects lithium carbonate prices to increase by 30% next year.
This recovery aligns closely with GT1’s targeted timeline for project completion and development funding decisions.
The company’s early investment in technical work and major capital items during the downturn has effectively de-risked the Seymour Project, allowing it to continue advancing despite market headwinds.
Its partnerships with LG Energy Solution and EcoPro Innovation provide downstream validation and potential offtake pathways, reinforcing GT1’s positioning within the North American supply chain.
With construction readiness targeted post-DFS completion in 2026, Green Technology Metals could emerge as the first lithium producer in Ontario, a jurisdiction now backed by substantial government funding and streamlined regulation.
The company’s methodical approach, built on strong Indigenous partnerships and alignment with policy incentives, places it well to capture value as the lithium cycle turns upward.
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