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Critical Elements Lithium Corp V.CRE

Alternate Symbol(s):  CRECF

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.


TSXV:CRE - Post by User

Comment by Wheeleron Jul 25, 2019 12:40pm
61 Views
Post# 29959710

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NMX @ 35.5 Cents

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NMX @ 35.5 CentsWell said Tinker, and though I can't really disagree with anything you've written FIFighter, the fact is that there will be a high demand for Li in the coming years and unless the big 4 can supply it, all some juniors are going to have to come on stream. That means somebody, somehow is going to have to fund them. The companies with whom CRE is negotiating are not looking as closely at the DFS as investors will. These companies are looking at the impurity profile and ability to expand the resource. They don't just want an investment, they want a suitable Li supply. Given the flood of spodumene on the market today (which isn't likely to change anytime soon) I think that that aspect of the company will play a smaller economic role in the end and we will move into conversion sooner than suggested in the DFS. If our potential partner likes our Li, they will be willing to help us get adequately financed. I know all of today's conversion takes place in China but this is soon to change and there will be converters in NA and Europe as well. Also, it is my understanding that converters do not like to switch from supplier to supplier depending on who is willing to offer the lowest price. The purity and quality of an LCE product depends not only on the spodumene being used but the conversion process and converters must adjust their process to the raw material being used in order to make a suitable grade product. This is one place where I see CRE with an advantage, they seem to have a lot of chemical know how and experience. I know the share price is a huge obstacle right now and I don't think anyone expects that to change significanlty until we have a deal. The catch 22 however is that a deal is harder for us to make given our lousy share price. Still management seems confident that they can make it happen. I have spoken with management before and they seem quite authentic and honest. I know the SP is depressing and the price of Li is too, even tantalum for that matter but I too was buying at $1.70 when I obviously should have been selling. I can't undo that now but I certainly won't be throwing in the towel at 39 cents. If anything, our current SP offers some potential upside. jmho
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