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Lake Victoria Gold Secures Updated Environmental Approval, Strengthening Development Pathway at Imwelo
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - Lake Victoria Gold Ltd. (TSXV:...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"Lake Victoria Gold Secures Updated Environmental Approval, Strengthening Development Pathway at ImweloVancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) (\"LVG\" or the \"Company\") is pleased to announce that the Tanzanian National Environment Management Council (\"NEMC\") has approved the updated Environmental and Social Management Plan (\"ESMP\") for the Imwelo Gold Project, located in the Geita Region of northwestern Tanzania.The ESMP update was undertaken to reflect changes since the original study completed in 2013, which formed the basis for the issuance of the project's Environmental Impact Assessment (EIA) Certificate and Mining Licence (ML538) in 2014. NEMC's approval confirms that Imwelo remains fully compliant with environmental and social standards, and that the project can advance under its existing permits.The updated ESMP outlines mitigation measures for potential environmental and social impacts and establishes commitments for ongoing community engagement, progressive mine rehabilitation, and transparent monitoring of water, waste, and tailings facilities.Management CommentaryMarc Cernovitch, President & CEO of Lake Victoria Gold, stated: \"Approval of the updated ESMP is a significant milestone for Imwelo, reinforcing that the project is environmentally sound and socially responsible. Combined with the foundation provided by the 2021 Pre-Feasibility Study, Imwelo represents a rare opportunity for near-term gold production in Tanzania with modest capital requirements, strong expansion potential, and the potential to generate cash flow that will support our broader growth strategy across the Lake Victoria Goldfield.\"Seth Dickinson, Chief Operating Officer of Lake Victoria Gold, commented: \"With the updated environmental approval, our team is focused on the practical steps to bring Imwelo into production. The project benefits from a straightforward mine plan, proven metallurgy, and proximity to existing regional infrastructure. Our upcoming drilling and site works are designed to ensure a smooth transition from planning into construction and, ultimately, first gold within a short development timeline.\"Strategic ContextThe Imwelo Project, located just 12 km from AngloGold Ashanti's Geita Gold Mine, is fully permitted under a 10-year...