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Cerrado Gold Responds to Purported Unfavourable Opinion of Environmental Impact Assessment for the Lagoa Salgada Project, Portugal
Unfavourable opinion issued after expiry of statutory deadline under Portuguese EIA legislation ...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Responds to Purported Unfavourable Opinion of Environmental Impact Assessment for the Lagoa Salgada Project, Portugal\nUnfavourable opinion issued after expiry of statutory deadline under Portuguese EIA legislationThe Company maintains its position that the project has been tacitly approvedPurported unfavorable opinion despite project being first mining project in Portuguese history to receive unanimous favourable opinion for the Project by all 14 entities that make up the Technical Evaluation Committee TORONTO, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Cerrado Gold Inc. (“Cerrado” or the “Company”) announces that it has received notice that the Portuguese Environmental Agency (Agência Portuguesa do Ambiente – “APA”) has purported to issue an unfavourable opinion pursuant to the applicable provisions of Portuguese environmental law in connection with the Environmental Impact Assessment (“EIA”) for the Lagoa Salgada Project, located in the Iberian Pyrite Belt of southern Portugal (the “Project”) contrary to applicable laws and regulatory framework (the Regime Jurídico de Avaliação de Impacte Ambiental – “RJAIA”). Under the Portuguese Environmental Impact Assessment legal framework (Decree-Law no. 151-B/2013, as amended), APA is required to issue an Environmental Impact Declaration (“DIA”) within a statutory deadline of fifty (50) business days in Portugal following submission of a reformulated project. That deadline lapsed on January 22, 2026, without a final decision being lawfully issued, resulting in tacit approval (deferimento tácito) of the EIA and the modified project submitted by the Company on 8 November 2025. As a consequence, and in accordance with Article 19(2) of the DIA regime, the Company views the Project deemed approved for environmental purposes, enabling the Company to proceed to the Final Execution Project and Environmental Compliance Report (RECAPE) phase. The Company is currently reviewing the purported unfavourable opinion of the APA and is engaging with local authorities, including the APA, to seek resolutions which may be mutually favourable to the Company, relevant authorities and other stakeholders including the Portuguese Government and its agencies, and the citiz...