Case Lake, situated 100 km north of Kirkland Lake, hosts high-grade cesium, lithium, and tantalum mineralization, all of which are considered critical minerals in Canada and the US.
Winsome Resources shares climbed more than 13% on the news. The Quebec-focused company holds several projects in Quebec’s James Bay region.
In a release, managing director Chris Evans expressed Winsome’s excitement about the deal. “The minerals are all in high demand within North America and the rights to the offtake agreement are [a] positive step in the Winsome journey,” Evans said.
Divestment order
In its divestment order in early November, the federal government said it was making the move in the name of national security.
“We will act decisively when investments threaten our national security and our critical minerals supply chains, both at home and abroad,” François-Philippe Champagne, Minister of Innovation, Science and Industry,…
