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Critical Elements Lithium Corporation - CRECF STOCK NEWS

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Critical Elements Lithium Corporation (CRECF) is a leading supplier of lithium to the electric vehicle and energy storage industries. Their flagship project, the Rose Lithium-Tantalum project in Quebec, has shown promising results with high-grade lithium mineralization. The company aims to secure project financing for further development while maintaining shareholder value. With strategic partnerships and a focus on sustainable practices, Critical Elements is poised for growth in the global lithium market.

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Critical Elements Lithium (TSX.V:CRE) (US OTCQX:CRECF) announced the results of its Annual Meeting of Shareholders held on June 17, 2024. Shareholders approved all resolutions, including the election of nine directors and the appointment of KPMG LLP as auditors. The adoption of the 's equity incentive compensation plan was also sanctioned. A total of 56,999,688 common shares, representing 26.17% of the outstanding common shares, were represented at the Meeting. The voting results showed strong support for the elected directors, with the lowest approval rating being 92.39% for Eric Zaunscherb.

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Critical Elements Lithium continues to expand major discovery at Rose West with additional multiple wide lithium-rich intercepts, showcasing significant potential for resource growth and economic appeal.
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Critical Elements Lithium confirms a major discovery at Rose West with multiple wide lithium-rich intercepts, showcasing high-grade lithium assays and a new style of mineralization. The 2024 winter drill program on the Rose West Discovery demonstrates the continuity of a mineralized pegmatite body, with significant exploration potential to the east. The plans to extend its exploration to other projects while minimizing shareholder dilution.
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Critical Elements Lithium Corporation announces successful completion of a drill program at Rose West Discovery, revealing high-grade lithium mineralization and tantalum values. The Corporation's CEO highlights the potential for shareholder value creation through further exploration and mineralization discoveries.
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Critical Elements Lithium Corporation secures essential industrial occupancy and tailings management facility leases for its Rose Lithium-Tantalum project in Quebec. The company continues to progress towards the project's realization by obtaining necessary rights, subject to a strategic partnership and financing. Despite current market sentiments, management remains optimistic about the project's quality and Quebec's potential in the battery supply chain ecosystem.
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Critical Elements Lithium Corporation (TSX-V:CRE)(OTCQX:CRECF)(FSE:F12) is making progress in the Rose Project financing negotiations with potential strategic partners. The company is targeting production of high quality spodumene concentrate in 2026 and has identified new spodumene-bearing pegmatite outcrops. Despite the correction in the lithium market, management remains positive about the future.
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Critical Elements Lithium Corporation has obtained an order from the Minister of Transport of Canada exempting the Corporation from the prohibition to dewater navigable waters under the Canadian Navigable Waters Act. The exemption impacts 28 navigable waters located around the future open pit mine site for the Rose Lithium-Tantalum project. The Corporation's request for exemption was approved after a detailed review and analysis by Transport Canada. Mitigation measures have been implemented to safeguard Indigenous trapping rights, and alternative methods of transportation will be used to access the territory. The mining project is expected to create 580 jobs and contribute to the availability of raw materials for zero-emission vehicles.
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Critical Elements Lithium Corporation announces grab sample results from newly discovered spodumene-bearing pegmatite
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Critical Elements Lithium Corporation orders transformers for Rose Lithium-Tantalum project
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Critical Elements Lithium Corporation announces filing of NI 43-101 compliant technical report for Feasibility Study at Rose Lithium-Tantalum Project
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FAQ

What is Critical Elements Lithium Corporation's core business?

Critical Elements aims to become a major supplier of lithium to electric vehicle and energy storage industries.

Where is Critical Elements' flagship project located?

The Rose Lithium-Tantalum project is situated in Quebec, within the company's extensive land portfolio.

What recent achievement did Critical Elements announce regarding their Rose West Discovery?

The completion of a 31-hole, 3,670-meter drill program with multiple spodumene-rich pegmatites intersected.

How is Critical Elements preparing for the future?

The company is working on securing project financing for the Rose Lithium-Tantalum project to minimize shareholder dilution.

What are the strategic advantages of Critical Elements' projects in Quebec?

Quebec offers good infrastructure, a low-cost power grid, and a strategic location for the US and EU markets.

Critical Elements Lithium Corporation

OTC:CRECF

CRECF Rankings

CRECF Stock Data

116.49M
208.48M
4.27%
3.55%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Montreal