Mavis Lake lithium project will be drilled in April, Critical Resources says
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Critical continues to progress its Mavis Lake lithium project in Ontario, with a site visit underway to engage with key stakeholders ahead of planned drilling program in April.
Top on the list is meeting with its First Nations partner, the Wabigoon Lake Ojibway Nation, as well as investee company Volt Carbon Technologies to discuss its recent investment and synergies moving forward.
Critical Resources (ASX:CRR) will also meet with key personnel in Thunder Bay, Ontario that will manage its Canadian activities before holding meetings in New York to further develop relationships with potential investors and financiers.
“It is fantastic opportunity for us to finally be able to visit the Mavis Lake project and our key stakeholders and partners,” managing director Alex Biggs said.
“With our upcoming drill program at Mavis Lake it is important for the company to be on the ground ensuring we establish a presence in country that will facilitate an efficient modus operandi that will lead to successful outcomes for our work.”
The company will also source appropriate office space that will allow for ongoing works on its Canadian assets.
At Mavis, historical hits include 55.25m at 1.04% lithium from 80.75m – presenting what the company has described as “excellent potential”.
Separately, the company has appointed ESG+F Pty Ltd to develop and oversee the execution of its environmental, social and governance strategy to ensure that it becomes the partner of choice within the battery and clean energy sectors.
“We see ESG as an opportunity to develop operating and reporting systems and frameworks that add value and efficiency to our business, particularly when we look at the battery metals and green energy sectors,” Biggs added.
“ESG compliance also offers greater opportunities to secure funding from tier-1 institutions that demand ESG compliant investment opportunities.”
ESG+F managing partner Oliver Barnes noted that 2021 was a breakout year for the ESG market with the global sustainable investment market reaching US$35.3tn with a compound annual growth rate of 36% in Australasia between 2014 and 2020.
“For companies like Critical Resources who are involved in the energy transition sector, building a robust approach to ESG provides the opportunity to engage with downstream users at levels beyond just the broader clean energy thematics,” Barnes added.
This article was developed in collaboration with Critical Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.