Critical Resources executes agreement in principle for Mavis Lake Lithium Project development, Canada

Critical Resources (ASX:CRR) has executed an agreement in principle (AIP) with the Wabigoon Lake Ojibway Nation (WLON) regarding exploration and development at its Mavis Lake Lithium Project in Ontario, Canada.

The company reports the AIP defines how both parties will work together to allow continued exploration and project development work by Critical Resources at Mavis Lake. It also ensures that all activities are undertaken in a respectful manner that acknowledges WLON’s connection to the land and waters in the Mavis Lake area.

Moving forward, Critical Resources says the AIP introduces structure around regular community engagement, including formal project updates and meetings between WLON and the company. The AIP also lays the foundation for the development of an impact benefit agreement as well as WLON community consent for the future development of the operation.

The AIP was formally signed at an official ceremony held in the WLON community. The ceremony was attended by Chief Clayton Wetelainen and his Council and Elders, community members, and representatives from Critical Resources.

Commenting on the AIP, Critical Resources Managing Director Alex Cheeseman says: “Over the past 18 months, the company has built very strong relationships with the WLON community. We engaged early, openly and respectfully.

Formalising the relationship through the AIP reflects the desire of both groups to collaborate and advance the Mavis Lake Project in a manner that is sustainable while also ensuring that the economic benefits of the project will have a positive impact on WLON and other First Nation Communities that hold a deep and unbroken connection to the land and waters in the area.

It was a privilege and an honour to be able to attend the official signing ceremony, and we look forward to continuing to work with WLON for many years to come.”

Also commenting, Wabigoon Lake Ojibway Nation Chief Clayton Wetelainen says: “We acknowledge the importance of lithium as a critical mineral that is needed to support renewable energy and a more sustainable future.

We acknowledge the importance of lithium as a critical mineral that is needed to support renewable energy and a more sustainable future”

We remain aware of the importance of developing projects in a manner that respects our lands, our water, and our Elders. This is the first step in our journey together.”

Critical Resources is an Australian critical metals developer that holds a suite of lithium prospects across Ontario, Canada. These projects include the Mavis Lake, Graphic Lake, Plaid, and Whiteloon Lake projects. Other assets held by Critical Resources include the Sohar Copper Project in Oman and the Halls Creek Base Metals Project in New South Wales.

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Images: Critical Resources Ltd
Written By Harry Mulholland
Hailing from the Central Coast region of NSW, Harry is a passionate journalist with a background in print, radio and ESG news. When not bashing away on his keyboard, he can be found brewing a coffee or playing with his dog.