Australia-listed, Canada-focused Green Technology Metals on Tuesday announced that it would be looking to appoint a new CEO as the company progressed its Seymour lithium project, in Ontario, towards financing and development.

CEO Luke Cox has resigned and will leave the company on July 19.

In a statement, Cox said that Green Technology required enhanced management presence in Canada. “It is time to clear the path and hand over the baton heralding the next stage of project development to shore up the integrated supply chain in Ontario, Canada,” he said.

Executive director Cameron Henry will assume Cox’s duties, while Green Technology is preparing for a new incoming CEO.

“As the company continues to advance, we have recognised the differing requirements for leading the company through the next stages of development,” said Henry, who also thanked Cox for his leadership since Green Technology’s initial public offering three years ago.

Green Technology’s corporate development head has relocated to Toronto to oversee development activities at the corporate level.

Henry said that Ontario was emerging as a global leader in the critical minerals sector.

"With abundant lithium resources, supportive government policies, and a complete end-to-end supply chain, Ontario offers unparalleled advantages for establishing chemical and conversion businesses. We are committed to advancing the lithium potential in Ontario, tapping into the region's growth opportunities, and contributing to the flourishing Ontario critical minerals supply chain."

Green Technology believes it is the ideal moment to advance its Seymour project into production and pursue an integrated strategy. Seymour would be ready for construction by the year's end, said the Australian firm, which was ultimately aiming to establish the first chemicals and concentrates company in Ontario.