Welcome to our dedicated page for Critical Element news (Ticker: CRECF), a resource for investors and traders seeking the latest updates and insights on Critical Element stock.
Critical Elements Lithium Corporation (TSX-V: CRE, OTCQX: CRECF, FSE: F12) generates frequent news related to lithium and critical mineral exploration in Québec. Company releases focus on the advancement of its wholly owned, high-purity Rose Lithium-Tantalum project and on exploration across a large land portfolio that includes the Nemaska Belt and Bourier properties.
Investors following CRECF news will see updates on project development milestones, regulatory and permitting progress, and financing activities. Recent announcements describe bought deal private placements of common and flow-through shares, with stated use of proceeds for exploration programs at the Rose West block and Nemaska Belt properties, as well as for working capital and corporate purposes. The company also reports on shareholder meeting results, board elections, and key management appointments.
Operational news highlights technical work such as helicopter-borne VTEM electromagnetic surveys, surface prospecting, mapping, and sampling campaigns. Critical Elements regularly publishes detailed assay results from rock and till sampling on its Nemaska Belt properties, including multi-element grab sample data for copper, nickel, cobalt, platinum, palladium, gold, silver, and lithium oxide. These releases often include commentary from management on exploration priorities, drill targeting, and the long-term objective of developing the Rose Lithium-Tantalum project.
Additional items appearing in the news flow include transactions affecting property ownership, such as the buyback of a 49% interest in the Bourier property, and references to conditional infrastructure funding and potential project debt financing. Readers can use this page to review the sequence of corporate, technical, and financing developments that shape the company’s Québec-focused lithium and critical minerals strategy.
The Cree Trappers Association (CTA), Cree Hunters Economic Security Board (CHESB), and 16 mining companies have approved 2025 funding to continue rebuilding cabins destroyed by 2023 wildfires in Eeyou Istchee James Bay, Quebec. This follows a $750,000 voluntary financial contribution announced in October 2024 for the Reconstruction Initiative Forest Fires Fund 2023 (RIFFF).
In 2024, the CTA successfully rebuilt 50 cabins through a collaboration with Niskamoon , Cree Nation Government, and Eenou-Eeyou Community Foundation. For 2025, CHESB will contribute $400,000 and the Companies will provide $200,000 to continue the reconstruction efforts, with additional funding planned for 2026.
Critical Elements Lithium (CRECF) has received its first environmental authorization for site preparation of the Rose Lithium-Tantalum project in Quebec. The authorization permits key construction preparation activities including:
- Stripping of equipment and materials storage area
- Stripping and developing part of the future overburden pile
- Stacking of organic matter and overburden
- Building temporary water management infrastructure
The wetland site preparation must commence within two years of authorization issuance. The company can begin these activities once all Federal and Provincial Project approval conditions are met, required financing is secured, and a Final Investment Decision is made.
Critical Elements Lithium has received a support letter from a leading Canadian financial institution expressing interest in providing up to US$115 million (approximately C$150 million) in long-term project debt financing for the development of the Rose Lithium-Tantalum project in Québec.
The final terms and conditions, including pricing, will be subject to further due diligence and discussions between lenders, their advisors, and Critical Elements and its financial advisors. The company's CEO, Jean-Sébastien Lavallée, stated this marks an important step in advancing the project's financing package and confirmed continued interest from potential partners.
Critical Elements Lithium (CRECF) has received conditional approval for up to $20 million in federal funding from the Government of Canada's Critical Minerals Infrastructure Fund (CMIF). The funding will support the relocation of 4.2 kilometres of power transmission line infrastructure and construction of a new electrical sub-station for the Rose Lithium-Tantalum Project in Eeyou Istchee James Bay, Québec.
The CMIF is Natural Resources Canada's flagship program under the Canadian Critical Minerals Strategy, aimed at increasing critical minerals supply and developing national and global value chains for a green economy. The funding is subject to final due diligence, definitive documentation, and other customary conditions.
The project highlights Critical Elements' commitment to sustainable development and strong relationships with Cree neighbors, formalized through the Pihkuutaau Agreement of July 2019. The company aims to become a major supplier of high-quality spodumene concentrate for the electric vehicle and energy storage industries.
The Cree Hunters Economic Security Board (CHESB) and 16 mining companies have jointly contributed $750,000 to the Reconstruction Initiative Forest Fires Fund 2023 (RIFFF). The fund aims to rebuild cabins destroyed by wildfires in the Eeyou Istchee James Bay territory of Quebec in 2023. 11% of the land and nearly 60% of traplines were affected by the fires. CHESB will contribute $400,000 and provide administrative support, Newmont Éléonore will contribute $50,000, and 15 other companies will each contribute $20,000. The reconstruction efforts will begin in 2025 to complement the Cree Trappers' Association's ongoing work.
Critical Elements Lithium has announced a correction to its earlier press release regarding the land use lease for its worker camp. The lease, granted by the Ministère des Ressources naturelles et des Forêts, is for one year starting October 1st, 2024, with automatic annual renewals. This lease is important for the development of the Rose Lithium-Tantalum project in Eeyou Istchee, Quebec.
The company has secured several key leases, including the mining lease (September 2023), storage and mining infrastructure leases, and tailing management facility leases (February 2024). Critical Elements is working towards a final investment decision, pending the conclusion of a strategic partnership and project financing.
Additionally, the company holds a 20% interest in the Nisk property, operated by Power Nickel, and owns approximately 13 million shares and warrants of Power Nickel.
Critical Elements Lithium has been granted an Industrial occupancy lease for its worker camp, important for developing the Rose Lithium-Tantalum project in Eeyou Istchee, Quebec. The lease, granted by the Ministère des Ressources naturelles et des Forêts, is effective for one year starting October 1st, 2025, with automatic annual renewals. This follows the previously obtained mining lease, storage and mining infrastructure, and tailing management facility leases.
The company is progressing towards the Rose Project's realization, securing necessary occupancy rights for future mining operations. This remains subject to securing a strategic partnership and project financing for a final investment decision. Critical Elements is working on arranging a comprehensive financing package to fully fund the project's development while maintaining an attractive capital structure.
Additionally, Critical Elements congratulated Power Nickel Inc. on their exploration success at the Nisk property, where Critical Elements retains a 20% carried interest and holds approximately 13 million Power Nickel shares.
Critical Elements Lithium (TSX.V:CRE, US OTCQX:CRECF, FSE:F12) has issued a statement in response to a request from the Canadian Investment Regulatory Organization (CIRO). The company confirms that its management is not aware of any material change in the 's operations that could explain the recent increase in market activity. This statement was released on October 3, 2024, from Montreal, QC, to address the unusual market behavior observed in the company's stock.
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