Green Technology Metals (ASX:GT1) received a letter of interest from Export Development Canada to help finance the development of the Seymour lithium project and potentially provide a direct lending debt funding package of up to CA$100 million, according to a Monday filing with the Australian bourse.
The funding package is contingent on completing due diligence, securing internal approvals, and meeting typical project finance conditions, the filing said.
According to the filing, the company expects to finalize financing arrangements for the project in 2025.
Shares slid 2% in afternoon trade Friday.
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