Critical One Energy Receives Ontario Government Funding Grant for Howells Lake Antimony-Gold Project Exploration Work
TMX Newsfile·2026-02-13 11:50

Core Viewpoint - Critical One Energy Inc. has received official approval for funding under the Ontario Junior Exploration Program to support its Howells Lake Antimony-Gold Project, which is significant for the exploration of critical metals and minerals in Ontario [1][2]. Funding and Project Details - The Ontario Junior Exploration Program (OJEP) grant will assist in offsetting costs related to grassroots mineral exploration projects, specifically focusing on high-potential sites for critical and precious minerals in northern Ontario [2]. - The funding will enable the company to accelerate drilling activities while ensuring responsible exploration practices that prioritize community engagement and ecological stewardship, with enhanced activities expected to commence in spring 2026 [3][4]. Project Significance - The Howells Lake Project is one of Canada's largest undeveloped antimony systems, with a historical resource of 1.7 million tons at a grade of 1.4% antimony, along with associated gold mineralization [5]. - Historical drilling has shown exceptional grades, including assays up to 75% antimony and over 14 g/t gold, indicating the project's potential to meet North America's growing demand for critical minerals amid supply chain constraints [5]. Company Commitment - The company emphasizes its commitment to transparency and collaboration with local Indigenous communities and stakeholders throughout the project lifecycle [4]. - Critical One Energy Inc. is strategically positioned to leverage its expertise in critical minerals, particularly antimony and gold, to address the rising global demand for these resources [9].