Critical Element Stock Price, News & Analysis

Critical Elements Lithium Corporation (TSX.V:CRE) announced that at its Annual shareholders meeting on September 13, 2022, all resolutions were approved. Key outcomes included the election of directors: Jean-Sébastien Lavallée, Steffen Haber, and others; the appointment of KPMG LLP as auditors; and the adoption of the Omnibus Plan for equity incentive compensation. The company is focused on its Rose lithium project in Québec, which boasts an impressive after-tax internal rate of return of 82.4% and a net present value of US$1.9 billion.

Critical Elements Lithium Corporation has appointed Yves Perron as Vice-President of Engineering, Construction, and Reliability. Perron brings over 25 years of experience, having held senior roles in companies like Stornoway Diamond and Mason Graphite. His expertise includes managing significant projects; notably, he was integral to the successful construction of a $1 billion diamond project. To align his interests with shareholders, he has been awarded 300,000 stock options at an exercise price of $1.53. This leadership change is expected to enhance Critical Elements' operational capabilities as it advances its lithium project in Quebec.

Critical Elements Lithium Corporation has filed a National Instrument 43-101 compliant technical report for the Rose Lithium-Tantalum Project in Quebec, following a recent feasibility study. Key highlights include:

• Average production of 173,317 tonnes of chemical grade spodumene concentrate from Year 2 to Year 16.
• Estimated capital cost of US$357 million and an after-tax NPV of US$1.915 billion.
• Expected average gross margin of 68.3% and operating costs of US$74.48 per tonne milled.
• Project life estimated at 17 years with a construction time of 21 months to production.

Critical Elements Lithium Corporation has appointed Maysa Habelrih and Vanessa Laplante to its Board of Directors. Ms. Habelrih brings extensive experience in operational excellence and joint ventures management, previously with Alcan, achieving significant revenue growth. Ms. Laplante, a specialist in mining taxation, has over 30 years of experience, including leadership roles in the mining industry. Each director has received 200,000 stock options at an exercise price of $1.35 per share. Executive Chair Eric Zaunscherb noted the board's enhanced skill set is pivotal as the corporation prepares to advance its high-purity Rose lithium-tantalum project.

Critical Elements Lithium Corporation (CRECF) has launched a summer exploration program covering 700 km², focusing on the Rose Lithium-Tantalum Project. The program includes surface exploration and resource expansion drilling, with a target of drilling up to 25,000 metres. Key goals include expanding the mine life of the Rose project and estimating resources at the Lemare zone. The project has shown strong feasibility with an 82.4% IRR and a US$1.9 B NPV. The corporation aims to solidify its position as a lithium supplier for electric vehicles.

Power Nickel and Critical Elements Lithium Corporation announced the initial NI 43-101 compliant Mineral Resource Estimate for the Nisk Nickel Sulphide project in Quebec. The estimate includes more than 2.5 million indicated tonnes at 1.20% NiEq and 1.4 million inferred tonnes at 1.29% NiEq. Power Nickel plans to conduct infill drilling to enhance this estimate, with drilling expected to start in August 2022. This project indicates significant commercial potential, amid a backdrop of growing nickel demand in the electric vehicle market.

Critical Elements Lithium Corporation announced the results of a new Feasibility Study on its Rose Lithium-Tantalum project in Quebec. The study indicates an average production of 173,317 tonnes of chemical grade spodumene concentrate over a 17-year mine life with a gross margin of 68.3%. The estimated initial capital cost is US$357 million, with an after-tax NPV of US$1,915 million and an IRR of 82.4%. The project is positioned to meet growing lithium demand for electric vehicles and energy storage, with favorable environmental assessments completed.

Critical Elements Lithium Corporation (CRECF) announced successful results from its pilot plant program at Metso Outotec, optimizing the conversion of spodumene concentrate from the Rose Project into battery-grade lithium hydroxide. The pilot demonstrated exceptional extraction rates of 92%, with nearly complete conversion efficiencies of 98% from alpha to beta spodumene. The company is now finalizing its feasibility study for a chemical plant to produce lithium hydroxide, though implementation remains uncertain. This process positions Critical Elements as a potential key supplier for the electric vehicle market.

Critical Elements Lithium Corporation (CRECF) has received approval for the rehabilitation and restoration plan of its Rose Lithium-Tantalum Project from the Québec Minister of Energy and Natural Resources. This approval is crucial for securing the mining lease required to advance the project. The plan outlines necessary rehabilitation work and associated costs. The company is progressing in the overall approval process, having previously received a favorable decision from the Federal Minister of Environment and Climate Change. The provincial permitting process is ongoing, with positive expectations from the company.