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Critical Elements Lithium Corporation (CRECF) develops lithium-tantalum mineral projects in Québec, with recurring updates centered on the Rose West Discovery and the Rose Lithium-Tantalum Project in Eeyou Istchee.
Company news includes drill program starts and assay updates, spodumene-bearing pegmatite intersections, lithium and tantalum results, changes to interpreted mineralized footprints, and exploration planning. Other releases cover shareholder meeting results, board and governance matters, investor relations arrangements, and completed equity or flow-through share financings used for Québec exploration programs and working capital.
Critical Elements Lithium (OTCQX:CRECF) has announced significant findings from its 2025 summer exploration program at the Nemaska Belt properties in Québec. The program revealed notable mineralization with samples containing up to 2% copper, 0.76% nickel, 0.07% cobalt, 3.38 g/t platinum, and 0.62 g/t palladium.
The exploration campaign collected 1,091 rock samples and 73 till samples, with 452 rock sample assays still pending. Key findings include 25 grab samples above 0.1% nickel, 17 samples above 0.1% copper, and multiple samples with significant platinum, palladium, cobalt, and silver content.
The company's Nemaska Belt properties span 540 km² across 1,052 Exclusive Exploration Rights. Critical Elements plans to incorporate these results into its 2026 winter drill program, which will target high-grade nickel-copper-PGE and lithium-bearing spodumene deposits.
Critical Elements Lithium (OTCQX:CRECF) has announced the signing of an Asset Purchase Agreement to buyback 49% interest in the Bourier property from Lomiko Metals. The transaction involves a $30,000 cash payment to Lomiko, which will give Critical Elements complete ownership of 203 exclusive exploration rights. This buyback reverses the previous Option Agreement signed with Lomiko in April 2021.
Upon completion of the transaction, Critical Elements will regain 100% ownership of the Bourier property, consolidating its control over these lithium exploration assets.
Critical Elements Lithium Corporation (CRECF) has received an amended decision statement from Canada's Minister of Environment and Climate Change for its Rose Lithium-Tantalum project in Quebec. The key amendments to the original August 2021 decision statement include authorization for:
1. Construction and development of a permanent workers' camp 2. Use of two borrow pits
This amended statement complements previous authorizations including the October 2022 certificate from Quebec's Ministry of the Environment (amended in August 2024) and the October 2024 occupancy lease for the worker camp from the Ministry of Natural Resources and Forestry.
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.