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 (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.
Critical Elements Lithium Corporation has announced an aggressive exploration program for 2022, targeting a total of 25,000 meters of drilling across its lithium projects. The main objectives include expanding the Rose Lithium-Tantalum deposit, conducting tests on satellite locations, and enhancing the Lemare Lithium project to establish initial resource estimates. The company aims to use advanced AI technology for exploration and is working to secure permission from environmental authorities. The results from engineering studies are expected in the second quarter of 2022, which may support a Final Investment Decision for the Rose Project.
Power Nickel Inc. (OTCQB: CMETF) and Critical Elements Lithium Corporation (OTCQX: CRECF) report promising initial drill results from the Nisk Nickel Sulphate project. The results indicate high-grade nickel mineralization extending 150m deeper and to the northeast. Key highlights include a drilling result of 19.9m at 0.7% Ni, 0.61% Cu, with additional metals detected. The company plans to establish a new NI 43-101 compliant resource and expand its high-grade nickel-copper mineralization. The full impact of these results will be evaluated as further drilling continues.
Critical Elements Lithium Corporation has engaged Bumigeme Inc., WSP, and Golder Associates Ltd for front-end engineering design for its Rose Lithium-Tantalum project. This includes optimization of the process plant and infrastructure with updated capital cost estimates. The company also plans an Updated Feasibility Study to reassess costs and market pricing. The provincial permitting process is advanced, with confidence in a positive outcome. Additionally, a 2022 exploration program aims to expand deposits and confirm potential in known zones.
Critical Elements Lithium Corporation (TSX-V:CRE) has announced the receipt for a final short-form prospectus for its recently announced bought deal underwritten offering, set to close on December 3, 2021. The company aims to become a significant supplier of lithium for the electric vehicle and energy storage sectors, advancing the Rose lithium project in Quebec. The project boasts an internal rate of return of 34.9% and a net present value of C$726 million. Quebec's infrastructure supports the operation with low-cost hydropower.
Critical Elements Lithium Corporation has submitted amended filings for the fiscal year ending August 31, 2020, including an Annual Information Form and two Management Discussion & Analysis reports. These amendments address comments received from the Autorité des marchés financiers regarding compliance with National Instrument 51-102. Key updates include the addition of sources supporting lithium demand and price outlooks, enhanced disclosures on community consultations, and adjustments in promotional language. The corporation continues to advance its Rose lithium project in Quebec, which shows strong financial metrics.
Critical Elements Lithium Corporation has appointed Patrick Laperrière, CFA, as the new Director of Investor Relations and Corporate Development. Laperrière brings over 20 years of investment experience, having previously worked at la Caisse de dépôt et placement du Québec and major brokerage firms. He has been granted 200,000 stock options at an exercise price of $1.74 per share. Critical Elements is advancing its Rose lithium project in Quebec, which has a significant internal rate of return of 34.9% and a net present value of C$726 million.
Critical Elements Lithium Corporation has announced a bought deal public offering with Cantor Fitzgerald Canada, aiming to raise C$26,101,250 through the sale of 14,915,000 units priced at C$1.75 each. Each unit includes one common share and a half warrant, with warrants exercisable at C$2.50 for 24 months. The offering's proceeds will primarily fund the Rose lithium project in Quebec and general working capital. The closing date is anticipated on November 25, 2021, pending regulatory approvals.
Critical Elements Lithium Corporation announced the successful resolutions from its Annual Shareholders Meeting held on September 16, 2021. Shareholders approved the election of new directors, including Ani Markova as an Independent Director, who brings over 15 years of experience in the mining sector. Markova has been awarded 200,000 stock options at an exercise price of $1.35 per share. The appointment aims to enhance the Board's governance and sustainability oversight. The company continues its focus on advancing the Rose lithium project in Quebec, aiming to supply lithium for electric vehicles and energy storage.
Critical Elements Lithium Corporation has reported significant advancements in its Bourier project following a collaboration with GoldSpot Discoveries Corp.. Utilizing artificial intelligence and geological interpretation, the team identified 15 lithium targets in the Nemiscau greenstone belt. Key findings include five new sectors of spodumene-rich pegmatites, enhancing the project's potential. With an effective AI model achieving 75% precision, the exploration strategy demonstrates promise for future development.
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