Critical Resources Ltd (ASX:CRR) executives are on-site at the Mavis Lake Lithium Project in Canada to engage with key stakeholders.
Managing director Alex Biggs and non-executive chairman Robert Martin have made the trip and will visit with First Nation partners, the Wabigoon Lake Ojibway Nation, as well as with Volt Carbon to discuss CRR’s recent investment and synergies moving forward.
The final meeting in Canada will be with key personnel in Thunder Bay, Ontario, who will manage activities in Canada and who have already assisted in the development of the upcoming drill program at Mavis Lake.
Mavis Lake is 19 kilometres east of the town of Dryden, Ontario, and in close vicinity to the Trans-Canada highway and railway major transportation arteries linking larger cities such as Thunder Bay, Ontario, to the southeast and Winnipeg, Manitoba, to the west.
The region boasts excellent infrastructure with hydro-power located a few kilometres to the southwest of the project. The region is a well-established lithium province with multiple projects.
Previous drill programs have yielded high-grade Li2O intercepts including:
- 55.25 metres at 1.04% Li2O from 80.75 metres in drill hole MF18-53; and
- 26.30 metres at 1.70% Li2O from 111.9 metres including 7.70 metres at 2.97% Li2O from 130.5 metres in drill hole MF17‐491.
These results present significant exploration potential.
From Canada, the pair will move to New York where they will look 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,” 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.
“We are also looking forward to visiting key potential investors in New York and begin to inform the North American investment markets of our strategy.”
Work has begun to establish a presence on the ground in Canada including sourcing of appropriate office space that will allow for ongoing works on CRR’s Canadian assets.
In the Volt
On March 15, CRR announced that it had invested C$1 million in Canadian battery technology company Volt Carbon Technologies (VCT).
Volt Carbon is focused on high performance solid-state lithium-ion battery development and scalable air classification technologies for natural graphite beneficiation.
VCT, through its wholly-owned subsidiary Solid Ultrabattery Inc., is developing a solid-state battery that exceeds current battery performance in key areas of energy density, charge rate, safety and cost.
In addition, the new-generation battery is designed to have a lower carbon footprint and higher recyclability.
Solid Ultrabattery was founded by Professor Zhongwei (Wei) Chen, a global leader in battery and fuel cell technologies, with more than 380 scientific papers published and holder of 30+ patents/provisional patents.
VCT has developed a proprietary air classification system for separating out large-flake graphite, leveraging the difference in the aerodynamic properties of flake graphite and the denser, more spherical surrounding material.
The result is an effective, energy-efficient and mobile means of extracting natural graphite after the initial primary crushing processes.
VCT also owns 100% of the Lochaber Graphite Project in Quebec, Canada.
The company’s visit with Volt Carbon is designed to begin discussions on developing further synergies that will add value to both businesses.