(Lomiko or the “Company”) and Critical Elements Lithium Corporation (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) ("
Critical Elements" or the "
Company") are pleased to announce that Critical Elements and Lomiko have entered into an option agreement (“Agreement”) that gives Lomiko the right to acquire up to a 70% interest in the Bourier project.
Figure 1. Location of known lithium deposits and showing and Bourier (in gold) Showing in the James Bay area of Quebec. (Graphic: Business Wire)
“Recent consumer interest in electric vehicles has increased investor interest in Lithium and Graphite, two of the major components of a lithium-ion battery,” stated A. Paul Gill, Chief Executive Officer. “Quebec is in a unique position of having ample supply of both commodities and now Lomiko has opportunities in additional battery materials.”