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

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Post by Goodtoreadthis1on Sep 06, 2021 12:28am

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Investing in a LI miner can be VERY profitable

Mining News

Mineral Resources sells stake in lithium miner Pilbara for $244 million

Reuters Sunday September 05, 2021 19:53

Sept 6 (Reuters) - Australian iron ore miner Mineral Resources said on Monday it pocketed A$328 million ($244.39 million) from the sale of its 5.4% stake in lithium miner Pilbara Minerals and plans to reinvest the windfall into its own projects.

Lithium miners, like Pilbara, have surged in value as investors look to companies supplying minerals used in electric vehicle batteries in the global push to lower carbon emissions.

Pilbara shares are up around 160% so far this year, adding to a more than 200% rise in 2020.

Mineral Resources picked up the stake in 2016 as part of an agreement with Pilbara that saw the lithium miner issue A$50 million worth of shares so that it would give up its offtake and royalty rights in the Pilgangoora project.

The offloaded stake was offered to institutional investors in a block trade, Mineral Resources said.

The company, which also has two hard rock lithium mines in Western Australia, said "it is time" to redirect its investment it its own lithium and iron ore projects.

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