Cerrado Gold Inc. has received tacit approval for its Lagoa Salgada Project in Portugal, as the statutory deadline for a formal decision has lapsed without a final ruling from the Portuguese Environmental Agency. The company is now moving forward with the Final Execution Project phase. CEO Mark Brennan expressed confidence in the project’s compliance with environmental standards and stakeholder engagement. Formal certification of tacit approval is being sought to progress the permitting process. Cerrado Gold is a Toronto-based company with mining operations in Argentina, Portugal, and Canada, focusing on gold and iron production and exploration.

The Lagoa Salgada Project in Portugal, owned by Cerrado Gold, is a high-grade polymetallic project with significant exploration upside potential. The company is also developing the Mont Sorcier Iron project in Canada, aimed at producing premium iron concentrate for steel production. In Argentina, Cerrado is optimizing operations at the Minera Don Nicolas mine and expanding production at the Las Calandrias project. The company is committed to sustainable development and decarbonization of the industry. Investors can find more information on Cerrado Gold’s website.

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