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Drill Results

Critical One Energy Receives Exploration Permit for Howells Lake Antimony-Gold Project

By The Northwire Desk — AI Analysis Feb 23, 2026 · 11:26 CRTL · 0.84 Critical One Energy Inc.
CRTL · Price

Executive Summary

  • Ontario Ministry of Energy and Mines issued Exploration Permit PR‑24‑000227 for Critical One’s Howells Lake Antimony‑Gold Project.
  • The permit enables the company to commence an initial drilling program to delineate historic high‑grade antimony and gold zones.
  • Historical data indicate a resource of 1.7 M t at 1.4% antimony with notable intercepts (up to 75% antimony, >14 g/t Au), positioning the project as a major undeveloped antimony system in Canada.

Key Details

  • Permit number: PR‑24‑000227 issued by Ontario Ministry of Energy and Mines for the Howells Lake Project in the Thunder Bay Mining District.
  • Project location: ~120 km west of the Ring of Fire; land package ≈25,000 ha over a 30 km strike on a proven greenstone belt.
  • Historical resource (non‑NI 43‑101): 1.7 M t at 1.4% antimony, with associated gold mineralization.
  • Notable historic drill intercepts:
  • Up to 75% antimony and >14 g/t Au in single assays.
  • Interval of 5.37% antimony over 8.35 m.
  • Company plans to start an initial drilling program soon after permit issuance to verify and expand historic intercepts and move toward a feasibility study.
  • Environmental and community commitments: drilling will follow best‑practice, low‑impact methods with ongoing consultation with the Eabametoong First Nation (EFN).
  • Qualified Person: Matthew Trenkler, P.Geo., Chief Geological Officer, reviewed and approved technical content; historical data not verified under current NI 43‑101 standards.

Notable Quotes

“We are thrilled with this approval, which underscores our commitment to responsible exploration and development,” – Duane Parnham, Founder, Executive Chairman & CEO, Critical One Energy Inc.

Materiality Assessment: Non-Material – Positive (the permit is a forward‑looking operational milestone without immediate financial impact).

Read the original news release →

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Jun 16, 2026 · 17:01

High-grade antimony discovery fueled the rally, but the project remains a drill hole chasing a history of broken dreams.

Drill Results May 28, 2026 · 06:51

Critical One locks in infrastructure partner for Howells Lake, but the real catalyst remains the bonanza antimony grades drilled two weeks ago.

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Critical One hits massive stibnite bonanza at Howells Lake, as drill bit confirms high-grade antimony with potential to rival historic Hemlo discovery.

Drill Results Apr 08, 2026 · 07:02

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Drill Results Mar 16, 2026 · 13:23

Critical One Energy Announces Live Investor Webinar on Howells Lake Phase I Drill Program and Grants Stock Options

Production / Operations Mar 12, 2026 · 17:23

Critical One Energy Signs Exploration Agreement with Eabametoong First Nation and Commences Drilling at Howells Lake Antimony-Gold Project

Drill Results