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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 Mar 10, 2023 7:20am
257 Views
Post# 35329914

RE:My theory for the current delay

RE:My theory for the current delayMy theory for the "delay" is much simpler. I think that management has ignored the financing plan for a long time, they announced 12 NDAs years ago and very very little since then. Consequently, they were unprepared for the work that they had ahead of them with regard to financing. They erroneously thought that the mining/oem world was simply going to fight over them and there would be a crazy bidding war and all this would take place over night. Then the reality that this is a very cut throat business and no one intends to give them a free ride set in shortly after they made a couple of Q1 promises. I think they are mulling over the benefits and disadvantages of each type of deal that they have been presented and it is difficult. This deal is going to be about more than just who is willing to put up the most money. Eric talked about the different types of potential partners they are talking to and their different needs and they all mean something different to the company. I think they are just figuring out how complex this really is and they're probably a little overwhelmed. I don't think for a second that we will hear any financing announcements this month but I think we'll hear something before the end of H1. I think we will get a good deal that works for the company but I don't think there will be any equity raise based on our 2.4 B NPV. I also don't think that the federal government has a clue about critical minerals, especially lithium, so I doubt that they'll have there fingers in this pie at all.
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