“EDC’s support potentially increases sourcing flexibility, allows greater access to low-cost direct lending and is non-dilutive to GT1 shareholders,” GT1 managing director Cameron Henry said in a statement.
EDC, a federal Crown corporation, has closed 540+ deals in renewables, mining, and infrastructure as Canada advances strategic clean energy projects.
“This announcement could accelerate Seymour Lake’s development and reinforce its role in Canada’s critical minerals supply chain,” Brendan Yurik, CEO of Electric Royalties (TSXV: ELEC) said in a statement. Electric Royalties owns a 1.5% net smelter royalty on the project.
Green Technology plans to use EDC’s funding alongside interest from a global lending base to secure the financial backing for construction.
At A$0.0615 per share, Greet Technology shares trading in Sydney are down 75% over the past 12 months, having ranged between A$0.052 and…
