A little CRE history So out of recent bout of bordom I decided to reread through all the NRs on the CRE website just to remind myself why I'm still here. So I started taking quotes from said NRs (just the significant ones) and for kicks I have included them below for anyone who would like the Coles Notes version of how we got here. Again, these are all quotes from NRs, I have edited out parts to make it easier to read but not to change the meaning. Have a happy monday...
Feb 17, 2011 – “is pleased to announce that, following the approval of a name change by the Company´s shareholders … the Company´s securities will trade … under the name “Critical Elements Corporation””
July 12, 2011 – “is pleased to report that it has awarded a contract to GENIVAR … to carry out an Environmental Impact Assessment (EIA) for the Rose Lithium-Tantalum project. The EIA, which is expected to take approximately one year to complete, should be finished by the summer of 2012”
Feb 2, 2011 – “has engaged … to complete a pre-feasibility study … for the Lake Rose Lithium and Tantalum deposit. … It will also include all necessary infrastructure required for the development of the Lake Rose deposit. Project cost estimates and financial analysis should be completed by the fourth quarter of 2011.”
Feb 22, 2011 – “is pleased to announce that it has signed an agreement to acquire a 100% interest in eight Rare Earth element (REE), Niobium and Tantalum properties in Quebec.”
May 17, 2011 – “will undertake a pre-project characterization program … to establish a baseline for the planned project area. … This environmental characterization study is being carried out in parallel with the prefeasibility study … The prefeasibility study will look at mining and milling operations, as well as metallurgical processing facilities. It will also cover the entire infrastructure required to develop the Rose deposit. Financial analysis and cost estimation for the project should be completed by the fourth quarter of 2011.”
Sept 13, 2011 – “is pleased to provide an update on the work program at its BC Tantalum, Niobium and Rare Earths Elements property, including a new discovery of in-situ molybdenite, colombite or allanite and phosphate mineralization.”
Nov 21, 2011 – “has received the results of a Preliminary Economic Assessment … for its 100% owned Rose Lithium-Tantalum deposit … located in the Quebec Plan Nord designated area where the government is fast-tracking the construction of new infrastructures, accelerating permitting and assisting project financing … The financial analysis of the Rose Project was based on price forecasts of US$260/kg ($118/lb) for Ta2O5 … and US$6,000/t for Li2CO3.”
Jan 17, 2012 – “is pleased to announce that based on the robust PEA published December 21, the Company has decided to bypass prefeasibility and start the feasibility study immediately.”
Feb 2, 2012 – “has adopted a shareholder rights plan … to encourage a fair treatment of shareholders, should a take-over bid be made for Critical Elements. … The Plan is intended to discourage coercive or unfair take-over bids and gives the Board time to pursue alternatives to maximize shareholder value … in the event of an unsolicited take-over bid.”
Feb 28, 2012 – “is actively working on development of the Rose mining project, which includes construction of a primary processing plant as well as a secondary processing plant for lithium carbonate. The planning process for the latter facility is well underway and Critical Elements is planning rollout of the lithium carbonate secondary processing plant.”
April 18, 2012 – “is pleased to announce that it has retained GENIVAR to carry out a feasibility study on the surface facilities required to operate the Rose mine. The study will cover the engineering of the surface facilities, as well as estimates by category, including a budget compilation.”
August 2, 2012 – “wishes to provide an update on … developments regarding agreements with several strategic partners for the sale of the lithium carbonate … the Company’s board of Directors … negotiate and finalize forward sales agreements with … a number of potential lithium carbonate and tantalite buyers. The Company is currently negotiating the terms of long-term sales and risk distribution … Samples of the finished products are expected to be provided to many of the potential buyers to enable them to build batteries and conduct performance tests on their finished products.”
Nov 12, 2012 – “is pleased to announce the signing … of a pre-development agreement with the Grand Council of the Crees, the Cree Regional Authority and the Cree First Nation of Eastmain regarding the Company’s development activities on its Rose Lithium-Tantalum deposit”
Dec 17, 2013 – “Monarques Resources Inc. is offering to purchase the Croinor property from Critical Elements Corporation in exchange for the Amiral, Arques, Bourier, Caumont, Dumulon, Duval, Lemare, Nisk, Rosebay and Valiquette properties in James Bay”
May 14, 2014 – “is pleased to announce that it has started shipping samples of lithium concentrate to a number of users for analysis and validation of the product specifications.”
August 5, 2014 – “announces that laboratory scale hydrometallurgical testing … results obtained from the tests to date have shown that the developed process can safely produce lithium carbonate with an overall recovery rate up to 96%. The overall purity … gave values up to 99.98%, … surpassing the requirements of battery grade lithium carbonate.”
August 14, 2014 – “is pleased to announce that its low-iron lithium concentrate has been successfully tested by ceramic and glass manufacturers. Samples sent to multiple end-users for testing in May all tested positively.”
Oct 1, 2014 – “is pleased to announce an update on recent testing of mica … by-product of the Rose Lithium-Tantalum project with good economic potential … testing to date indicate the potential for production of around 58,000 tonnes of mica concentrate per year. This annual mica concentrate production potential has not yet been the subject of a 43-101 report or a 43-101 preliminary economic assessment”
Sept 9, 2015 – “is pleased to announce the signature of a strategic collaboration agreement … with a Leading Chemical Company … that includes take or pay off-take for all products produced from the Rose Lithium-Tantalum project.”
April 20, 2016 – “is please to initiate environmental activities related to the Rose Lithium-Tantalum Mining project.”
Nov 8, 2016 – “is pleased to announce that it will … collect a bulk sample … of material from the Rose deposit … for pilot testing. The lithium spodumene concentrate produced by the pilot plant will be used to complete pilot work for chemical conversion to lithium carbonate.”
Nov 29, 2016 – “is pleased to announce the appointment of Dr. Steffen Haber as its president.”
June 28, 2016 – “is pleased to announce it has entered into an agreement for a credit facility … by its strategic partner, HELM AG”
April 5, 2017 – “is pleased to announce that it has successfully … yielded lithium concentrate grades of up to 6.56% and recoveries of up to 83.4%.”
April 13, 2017 – “is pleased to announce that … the conversion of Critical Elements’ mineral resource into the traditionally extractable beta and gamma spodumene crystalline phase is easily achievable … extraction was achieved at very high conversion rates, with a yield of 97% or better. This compares to a worldwide average of 91% to 92%, which is accepted as the industry standard”
May 29, 2017 – “is pleased to announce results from Pilot Plant program … lithium carbonate showed extremely good results with extraction rates of 88.4% with very high purity of lithium carbonate of 99.9%. This extraction rate surpasses the worldwide average of between 70 to 75% in what is accepted as an industry standard.”
August 2, 2017 – “has announced that its environmental impact study … for the Rose Lithium-Tantalum Project was officially submitted to the Environmental and Social Impact Review Committee … and the Canadian Environmental Assessment Agency”
Sept 6, 2017 – “is pleased to announce results of a Feasibility Study on the Rose Lithium-Tantalum project”
Oct 20, 2017 – “is pleased to announce the filing on SEDAR of the recently-announced Feasibility Study at the Rose Lithium-Tantalum Project”
Dec 20, 2017 – “is providing an update on strategic partner discussions… Critical Elements … has notified Helm of its decision to terminate the Agreement.”
Feb 7, 2018 – “is pleased to provide an update … More than 12 non-disclosure agreements with strategic parties are now in place”
Oct 29, 2018 – “is pleased to announce … successfully converting spodumene concentrate from the Rose Project into battery grade lithium hydroxide … extraction rates of 93% … surpasses the worldwide average of between 70 to 75% … in addition, the pilot plant produced battery grade lithium hydroxide with 99% purity.”
March 7, 2019 – “is pleased to announce that the Canadian Environmental Assessment Agency confirmed … that the Environmental Impact Statement for the Rose Lithium-Tantalum Mine Project … is now deemed complete.”
March 27, 2019 – “is pleased to announce … awarding Primero Group with the Early Contractor Involvement contract for the Rose Lithium-Tantalum project.”
Nov 29, 2016 – “is pleased to announce the appointment of Dr. Steffen Haber as its president.”
June 28, 2016 – “is pleased to announce it has entered into an agreement for a credit facility … by its strategic partner, HELM AG”
April 5, 2017 – “is pleased to announce that it has successfully … yielded lithium concentrate grades of up to 6.56% and recoveries of up to 83.4%.”
April 13, 2017 – “is pleased to announce that … the conversion of Critical Elements’ mineral resource into the traditionally extractable beta and gamma spodumene crystalline phase is easily achievable … extraction was achieved at very high conversion rates, with a yield of 97% or better. This compares to a worldwide average of 91% to 92%, which is accepted as the industry standard”
May 29, 2017 – “is pleased to announce results from Pilot Plant program … lithium carbonate showed extremely good results with extraction rates of 88.4% with very high purity of lithium carbonate of 99.9%. This extraction rate surpasses the worldwide average of between 70 to 75% in what is accepted as an industry standard.”
August 2, 2017 – “has announced that its environmental impact study … for the Rose Lithium-Tantalum Project was officially submitted to the Environmental and Social Impact Review Committee … and the Canadian Environmental Assessment Agency”
Sept 6, 2017 – “is pleased to announce results of a Feasibility Study on the Rose Lithium-Tantalum project”
Oct 20, 2017 – “is pleased to announce the filing on SEDAR of the recently-announced Feasibility Study at the Rose Lithium-Tantalum Project”
Dec 20, 2017 – “is providing an update on strategic partner discussions… Critical Elements … has notified Helm of its decision to terminate the Agreement.”
Feb 7, 2018 – “is pleased to provide an update … More than 12 non-disclosure agreements with strategic parties are now in place”
Oct 29, 2018 – “is pleased to announce … successfully converting spodumene concentrate from the Rose Project into battery grade lithium hydroxide … extraction rates of 93% … surpasses the worldwide average of between 70 to 75% … in addition, the pilot plant produced battery grade lithium hydroxide with 99% purity.”
March 7, 2019 – “is pleased to announce that the Canadian Environmental Assessment Agency confirmed … that the Environmental Impact Statement for the Rose Lithium-Tantalum Mine Project … is now deemed complete.”
March 27, 2019 – “is pleased to announce … awarding Primero Group with the Early Contractor Involvement contract for the Rose Lithium-Tantalum project.”