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 > Hmmm....ghost town

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Comment by Wheeleron Mar 26, 2021 6:44am

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RE:RE:Hmmm....ghost town

It seems that most Li companies, especially the juniors, are taking a little breather, it’s not just Quebec. This is to be expected after a decent run up; remember it was only 7 months ago that we did a raise at 30 cents. There will always be some profit taking on the way up, as much as I would like to see more buying interest, I am encouraged by how reluctant shareholders are to sell at these levels. I’m just hoping that we can stick around this range as we start getting into the real good news (permits and deals). We are also going to see the price of lithium spike as well. Joe Lowry released a short tweet on Wednesday saying that he has recently received several messages regarding how the current lithium market is really tightening. It looks like the supply crunch will happen sooner than expected. I’m sure Australia is going to crank out as much spodumene as they can manage but it really doesn’t look like it’s going to be enough anytime soon. Market analysts (the smart ones that is) have been warning OEMs that there has not been enough investment into the battery raw materials space over the past few years to meet their projected needs and now the chickens are coming home to roost (I don’t think I’ve ever used that expression before but hey why not). I know we’d all like to have had our permits and partners in hand yesterday but it is what it is and CRE is presently moving along at breakneck speed compared to its usual tempo. I for one am sleeping much easier than I did this time last year, it seems I might just get to retire someday after all.