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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 tinker901on Oct 21, 2021 4:56am
148 Views
Post# 34031123

RE:RE:RE:10 mins 1.66$

RE:RE:RE:10 mins 1.66$ I think you have part of the equation figured out, but here is what I recall :

The partner would go part of the way (40 to 50%) of CAPEX and for that he would get an agreed upon signed contract for what is underground at the Rose site, AND part of the action. Meaning a percentage of the profits (25% of Rose only) 

I do not think there will be shares involved in that deal. When JSL mentioned 200 million shares, it was to say that we aim to get the show on the way (project financed) without exceedind that number (200m).

As for GVT involvement, I mostly heard about tax breaks and stuff like that. If IQ pitches in, it would be a small amout (maybe 20 million max) and for that, there might be some shares involved.

The rest of the cash (other 50%) will be debt from financial entities such as banks.
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