Critical One Energy, SICC ink $303 million antimony offtake deal for Howells Lake project in Ontario
Howells Lake is Canada’s largest undeveloped antimony deposit.
Critical One Energy (CSE: CRTL) and Solar International Core Canada (SICC) have reached a $303 million antimony offtake deal for the Howells Lake project in Ontario. This agreement positions Critical One as a co-developer of a critical minerals supply chain in Canada and brings the company $25 million in strategic capital, a construction financing facility of up to $400 million, and a future antimony offtake agreement.
The Howells Lake project, located on the traditional territory of the Eabametoong First Nation, is the largest undeveloped antimony deposit in Canada. The MOU includes SICC as the principal capital and offtake partner, with Northlink Development Group acting as the developer and project manager of the planned Ontario antimony processing facility.
Critical One will become a carried equity partner in the facility, investing C$15 million at a 48% premium to the closing price on October 28, 2026. In return, SICC will commit to purchasing up to 150 million pounds of future antimony production from the Howells Lake project at international benchmark prices.
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