Critical One Energy seals First Nation deal and starts drilling at key antimony-gold project

Madison Metals, Inc. ( (TSE:CRTL) ) has provided an update.

Critical One Energy has signed an exploration agreement with Eabametoong First Nation covering its Howells Lake Antimony-Gold Project in northwestern Ontario, establishing a collaborative framework that emphasizes Indigenous engagement, environmental safeguards, and shared economic benefits. The accord formalizes a long-term partnership on traditional EFN territory, giving the community a strong role in planning, monitoring, and guiding activities around a project area that is heavily used for harvesting and cultural practices.

With the agreement in place, the company has launched Phase I diamond drilling to test high-priority targets, validate and expand historical high-grade antimony and gold intersections, and collect data to support future resource delineation and development planning. The Howells Lake property, viewed as one of Canada’s largest known undeveloped antimony systems with associated gold, spans about 25,000 hectares over a 30-kilometre strike, reinforcing Critical One’s strategic positioning in the critical minerals supply chain as it commits share-based and cash consideration and assumes project expenses over the life of the venture.

More about Madison Metals, Inc.

Critical One Energy Inc. is a Canadian mining exploration company focused on critical metals and minerals, with a flagship antimony-gold project at Howells Lake in Ontario’s Thunder Bay Mining Division. The company targets strategic resources such as antimony, a metal used in defence, technology, and clean energy applications, positioning itself to benefit from North America’s rising demand amid supply chain constraints and elevated prices.

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Technical Sentiment Signal: Hold

Current Market Cap: C$51.59M

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