Critical Elements Lithium Corp V.CRE

NEWS

[obeyobey]

Critical Elements Corporation
FRANKFURT : F12
TSX VENTURE : CRE
OTCQX : CRECF

July 12, 2011 11:00 ET
Critical Elements Corporation Initiates the Environmental Impact Assessment for the Rose Tantalum-Lithium Project


Environmental Impact Assessment contract awarded to GENIVAR Inc. of Montreal, Quebec

LAVAL, QUEBEC--(Marketwire - July 12, 2011) -Critical Elements Corporation (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) is pleased to report that it has awarded a contract to GENIVAR Inc. of Montreal, Quebec, to carry out an Environmental Impact Assessment (EIA) for the Rose Tantalum-Lithium project. The EIA, which is expected to take approximately one year to complete, should be finished by the summer of 2012. It will outline all the environmental concerns and constraints associated with production at the Rose Tantalum-Lithium project.
"The start of EIA is in line with the aggressive exploration and engineering activities that took place on the Rose property in the past months. We expect operation to start as early as the summer of 2014, once the assessment is complete," commented Jean-Sébastien Lavallée, President and CEO of Critical Elements Corporation.
Critical Elements Corporation has already drilled 180 holes on the Rose property since late 2009, for a total of 26,145 metres, solely on the Rose deposit. The Company has also done some prospecting work on the Rose property as a whole. Results indicate that the Rose deposit is the most significant mineralization on the property to date. These promising results have enabled Critical Elements Corporation to proceed with the Environmental Impact Assessment, an important step in obtaining governmental authorizations.
The EIA will include:
Climate and Air Quality
Noise and Vibrations
Hydrological and Hydraulic Conditions
Water, Sediments and Benthos
Soil Quality
Hydrogeology
Geology and Geomorphology
Vegetation
Terrestrial and Avian Fauna Populations and Habitat
Aquatic and Semi-Aquatic Fauna Populations and Habitat
Land Use by Indigenous Peoples
Economic and Social Environment
Archaeology and Heritage
Landscape
About Critical Elements Corporation
Critical Elements is actively developing its 100%-owned Rose lithium-tantalum flagship project located in Quebec. The project hosts a current Indicated resource of 11.4 million tonnes of 1.34% Li2O and 165 ppm Ta2O5 and Inferred resource of 2.1 million tonnes of 1.27% Li2O and 138 ppm Ta2O5.
Critical Elements has commissioned a prefeasibility study for the project from Genivar, one of the largest independent engineering firms in Canada. Genivar is also doing an environmental study, and Acme Metallurgical Ltd. of Vancouver is carrying out project metallurgy.
Critical Elements' portfolio also includes rare-earth and tantalum-niobium projects in the Rocky Mountains of British Columbia and in Quebec, as well as a 50% interest in the Croinor project, which is located in Quebec and contains a measured and indicated resource of 814,228 tonnes at 9.11 g/t Au, for 238,414 ounces of gold at a 5 g/t cut-off.
Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and President and Chief Executive Officer of the Corporation and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.