Just a background for noobies to understand who ILC and ESS are...

Just a background for noobies to understand who ILC and ESS are and their association to CRR and the Mavis Lake lithium project.

Critical Resources (CRR) completed its acquisition of the Mavis Lake Lithium Project in Ontario, Canada from Essential Metals (ESS) and the International Lithium Corporation (ILC).
CRR acquired 100 per cent of the project, totalling 2544 hectares and six contiguous mining leases.
In late October 2021, ESS and ILC as joint venture partners announced the divestment of the project, of which ESS owned 51 per cent.
The cash-and-stock deal with Essential Metals and ILC was worth approximately $1.5 million in cash which was split evenly, with another $3 million milestone payments, also to be split between the two parties.
ESS and ILC split the $1.5 million fully ordinary paid shares (calculated at $0.022 a share) for 68,000,000 fully ordinary paid shares in Critical Resources 50/50.

There has been historic drilling at Mavis Lake and I strongly believe that this is going to another game changer lithium project for CRR! Watch this space now that drilling has started back at Mavis Lake and we should see some news flow results within 5 to 6 weeks I reckon IMO.