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.
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.
Critical Elements Lithium Corporation has received a Certificate of Authorization from Quebec's Minister of Environment for the Rose Lithium-Tantalum Project, marking a significant milestone in its development. This authorization allows the company to engage in project financing discussions and advance towards mine construction. Previously, a positive federal decision was granted in August 2021, and the approval of the rehabilitation plan was achieved in May 2022. The project aims to provide economic opportunities for the Cree Nation and bolster sustainable development in the region.
Critical Elements Lithium Corporation (CRECF) announced the discovery of new Lithium-Tantalum pegmatite trends on its properties, including Duval, Lemare, and Rose. The summer 2022 prospecting program yielded multiple high-grade lithium results, with grab samples showing up to 2.08% Li2O. Notably, the Lemare property now shows a potential strike length of over 5 kilometers. Furthermore, drill results from the Lac Pivert showing revealed promising intersections of lithium-tantalum bearing pegmatite. The company has also approved an Omnibus Plan to attract and retain qualified personnel.
Critical Elements Lithium Corporation announced the appointment of Hughes Périgny as Senior Project Manager, bringing over 29 years of experience in engineering and construction, particularly in the mining sector. His past projects include significant roles with IAMGOLD and the construction of the Renard mine. The company aims to position itself as a major supplier of lithium for electric vehicles and energy systems, with its Rose lithium project showing promising feasibility study results, including an after-tax IRR of 82.4% and an NPV of US$1.9 billion.
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.