Critical Elements Lithium Corp V.CRE

Alternate Symbol(s): CRECF

Metals & Mining Industrial Metals & Minerals

Critical Elements Lithium Corp is a Canada-based mining exploration company. The Company is engaged in the acquisition, exploration, development and processing of critical minerals mining properties in Canada. Its projects include Rose Lithium-Tantalum, Rose North, Rose South, Arques, Bourier, Dumulon, Duval, Nisk, Lemare, Caumont, and Valiquette. The Rose Lithium-Tantalum property consists of over 473 claims covering a total area of over 246.55 square kilometers (km2). It lies in the northeastern part of Superior Province, within the Eastmain greenstone belt. The Rose North property consists of about 31 claims covering a total area of over 16.14 km2. The Arques Property is composed of one block totaling around 136 claims covering an area of 6,840.93 hectares (ha) over 18 kilometers (kms) in length in a Southwest-Northeast direction. The Bourier Property is comprised of over 304 claims with an area of 15,616.47 ha for over 30 kms. The Rose South property consists of over 280 claims.

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Critical Elements Lithium Corp > Possible buyout

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Comment by tiger2201on Jul 07, 2022 11:53am

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Post# 34808542

RE:Possible buyout

Hi tinker,

Agree with your analysis.
Another example is Sibanye-Stillwater bought 50% of Ioneer's Clay project for US$490M, and paid 100% NAV. Ionner even didn't have permit, and get into wild flower issue.

So the management and investors would say NO, if the offer is riducularly LOW BALL.

tiger

tinker901 wrote: After reading Sourceman's post about a buyout, it led me to have a closer look at the deal to take over Neo Lithium.

Here is some info on that :

Before the deal, their 150 million shares were worth 4.12$ a share and their NPV was 1.1 billion USD.

So in todays values they were worth 475 million US or if you prefer, they were at 43 % of their NVP prior to the acquisition. Then, at 6.50$ the Chinese company bought them out for 750 million or if you prefer 68% of their NPV.

So even if I do not believe that this is in our cards in the near future, IF it happens in the same conditions for us, that would be 5.87$ a share for us and I would kiss the buyer on both cheeks.