Cerrado Gold Announces Tacit Approval of Environmental Impact Assessment for the Lagoa Salgada Project, Portugal

Core Viewpoint - Cerrado Gold Inc. has achieved tacit approval for the Environmental Impact Assessment (EIA) of the Lagoa Salgada Project in Portugal, allowing the company to advance to the Final Execution Project and Environmental Compliance Report phase [1][3][4]. Regulatory Framework - The tacit approval is a result of the Portuguese Environmental Impact Assessment legal framework, which mandates the Portuguese Environmental Agency (APA) to issue an Environmental Impact Declaration (DIA) within a statutory deadline. This deadline has lapsed without a final decision, leading to the tacit approval of the EIA submitted on November 8, 2025 [2][9]. Project Development - With the EIA deemed approved for environmental purposes, the company can now proceed with the next phases of the project, including the RECAPE phase [3][4]. - The Lagoa Salgada Project is located in the Iberian Pyrite Belt and is characterized as a high-grade polymetallic project with significant mineralization potential, including zinc, copper, lead, tin, silver, and gold [7]. Company Operations - Cerrado Gold is a Toronto-based company that owns the producing Minera Don Nicolás and Las Calandrias mine in Argentina, and holds an 80% interest in the Lagoa Salgada VMS project in Portugal [5]. - The company is also developing the Mont Sorcier Iron project in Canada, which is expected to produce a high-purity iron concentrate at low operating costs [8]. Future Steps - The company intends to formally request certification of the tacit approval to further progress the permitting process, although the APA's opinion on the matter remains uncertain [4].