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.
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Critical Elements Lithium Corporation has received approval from the Québec Minister of the Environment for Hydro-Québec's connection and powerline relocation project, advancing the Rose Lithium-Tantalum Project. This decision, following prior approvals, enables Hydro-Québec to relocate a segment of the Eastmain-1-Nemiscau line to connect the mine to the powerline. The project aims to harness Québec's clean electricity resources, with 94% derived from hydropower. With a projected after-tax net present value of US$1.9 billion and an internal rate of return of 82.4%, Critical Elements is closer to making a final investment decision.
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Critical Elements Lithium Corporation has received a recommendation from the Environmental and Social Impact Review Committee (COMEX) for the approval of Hydro-Québec's connection and powerline relocation for the Rose Lithium-Tantalum Project. This recommendation, resulting from the COMEX's 408th meeting on November 2, 2022, is crucial for the project's advancement, as it requires Hydro-Québec to relocate a powerline and construct infrastructure to connect the mine site.
The company continues to progress towards obtaining necessary authorizations, previously receiving favorable decisions from federal and provincial authorities, indicating strong support for the project.
Critical Elements Lithium Corporation (CRECF) provided an update on its Rose Lithium-Tantalum project. The corporation is fully funded for ongoing exploration, engineering, permitting, and project financing. A drilling program has commenced on the Lemare Lithium project aimed at confirming existing lithium zones. The front-end engineering design (FEED) study for the process plant is advancing with 98% completion. Critical Elements is also actively pursuing financing opportunities and has secured necessary environmental authorizations from provincial and federal levels. A final investment decision is anticipated if permits are granted and financing secured.
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Critical Elements Lithium Corporation announced the appointment of Mr. Michel Clément, P. Eng., PMP, as Senior Project Control Director. With over 25 years of experience in engineering and project management, Clément previously worked with industry leaders such as Stornoway Diamonds and Rio Tinto Alcan. CEO Jean-Sébastien Lavallée expressed confidence in Clément's ability to contribute to the success of the Rose Lithium-Tantalum project. The project boasts an estimated after-tax net present value of US$1.9 billion and strong environmental approvals, positioning it favorably in the market.
Critical Elements Lithium Corporation has appointed Andy Fortin as Senior Process and Commissioning Manager. Mr. Fortin, a Metallurgical Engineer with over 25 years of experience, will enhance the team's capabilities for the Rose Lithium-Tantalum project. The company aims to solidify its operational excellence and prepare for a Final Investment Decision. Critical Elements' Rose project boasts an impressive after-tax internal rate of return of 82.4% and a net present value of US $1.9 billion. The project has received key environmental authorizations, positioning it favorably for the North American lithium market.
Critical Elements Lithium Corporation has announced the grant of stock options, RSUs, and DSUs to management and independent directors as part of its Omnibus Equity Incentive Plan. A total of 279,475 RSUs, 78,603 DSUs, and 504,332 stock options were approved. The stock options have a 5-year term with an exercise price of $2.29. The company plans to advance its Rose lithium project in Québec, which has an after-tax internal rate of return of 82.4% and a net present value of US$1.9 billion. The project received environmental approvals necessary for further development.
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