https://www.miningweekly.com
Business|Exploration|PROJECT|Resources
Business|Exploration|PROJECT|Resources
business|exploration|project|resources

Critical Resoures settles Graphic Lake buy

8th February 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Critical Resources has settled the acquisition of the Graphic Lake lithium project, in Canada, after confirming that the deal would not require Canadian Investment Review Board approval.

The ASX-listed Critical Resources in January announced the acquisition of the Graphic Lake project, 180 km from the company’s existing Mavis Lake project, in exchange for an A$80 000 cash payment and the issue of A$120 000 worth of ordinary shares in the company.

Critical Resources will also pay the vendor a 1.5% net smelter royalty, capped at C$500 000, with the option to purchase at any time for C$500 000.

“The final acquisition of Graphic Lake is a clear demonstration of our intent to develop our business in Canada. The natural synergies with our Mavis Lake asset are clear, both from a commodity and exploration standpoint,” said Critical Resources MD Alex Biggs.

“Graphic Lake presents an exciting opportunity to conduct exploration works to further define and understand the pegmatite trend from North-East to South-West across the property. Recent additional ground acquisitions have further increased our exploration opportunities across this exciting asset. We look forward to starting our work programmes and will keep the market updated.”

Edited by Creamer Media Reporter

Comments

Projects

Copperwood project, US
Updated 6 hours ago By: Sheila Barradas

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.098 0.137s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: