In ILC news,,,,Here the name is Critical Resources....is it CRE ?
If exercised, that option will bring the company approximately $1.4-million of cash and shares in Critical Resources, with up to a further $1.4-million if certain resource targets are achieved by Critical. If Critical were to complete its purchase but then sell or joint venture the Mavis Lake claims in future, this further payment obligation would pass to any future owner of the claims. International Lithium and Essential would have a right of first refusal to buy the claims back if Critical had not achieved and made additional payment for the first additional payment milestone.