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Critical One Energy, SICC ink $303 million antimony offtake deal for Howells Lake project in Ontario

Critical One Energy (CSE: CRTL) said Thursday it has signed a binding memorandum of understanding (MOU) with Solar International Core Canada (SICC), a strategic investment firm with institutional financing partnerships that include the Sultanate of Oman Sovereign Wealth Fund. The MOU positions Critical One as a co-development partner in building a Canadian critical minerals supply chain and brings C$25 million ($18 million) of strategic capital, a construction financing facility of up to C$400 million ($286 million) and a future antimony offtake agreement to the company’s flagship Howells Lake antimony-gold project in Ontario.

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