Critical Resources Limited announced that it has signed Binding Terms Sheets with each of Essential Metals Limited and International Lithium Corporation for a 100% interest in the Mavis Lake Lithium Project located in Ontario, Canada. The Mavis Lake Lithium Project is 19 kilometres east of the town of Dryden, Ontario. The Project is 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 south- west of the project. The region is a well-established lithium province with multiple projects located within the vicinity. Previous drill programs have yielded high-grade Li2O intercepts including 55.25m at 1.04% Li2O from 80.75m in drill hole MF18-531,4 and 26.30m at 1.70% Li2O from 111.9m inc. 7.70m at 2.97% Li2O from 130.5m in drill hole MF17491,3 presenting significant exploration potential.