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Critical Elements Lithium Corp V.CRE

Alternate Symbol(s):  CRECF

Critical Elements Lithium Corporation is a Canada-based lithium 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 24.99 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. Bourier Property is comprised of over 304 claims with an area of 15,616.47 ha for over 30 kms. Rose South property consists of over 280 claims.


TSXV:CRE - Post by User

Post by nohype7on Oct 12, 2015 1:08pm
134 Views
Post# 24184722

Well, I've been here for over 7 years...

Well, I've been here for over 7 years......and unfortunately many of you don't see the big picture.

I've spoken to JSM several times, too. And although I have a geat deal of respect for him, (as well as Blaggers, and many other posters here), I would be remiss if I didn't share with you the ups and downs you will experience...assuming this project comes to fruition.

First of all, any project that starts from raw land and must build a mine is a very expensive and monumental task. And If they find enough investors to finance the WHOLE project (which is very rare), you can count on a helluva lot more dilution.

Secondly...just because CRE has signed an off-take agreement with an offer to finance 25% of the mine, is nothing to get excited about. I know this is hard for you to swallow, so I'm going to give you some hard facts. Please read the following headlines from a company called Argex Titanium:

Argex Titanium Wins ICIS 2014 Best Innovation Award

Canada NewsWire October 17, 2014

Argex Signs LOI for 100% of its Iron By-Products with PVS Chemicals
Canada NewsWire March 19, 2015

Argex signs feedstock supply agreements - Multi source strategy allows for security of supply and mill feed stability
Canada NewsWire August 13, 2015

Argex prepares for process intensification program

Canada NewsWire August 25, 2015


Unfortunately, this company's share price went from $1.37 to only .08 today. Despite all the off-take agreements, etc, etc, the company never got enough investors to build their project and is now struggling to stay afloat.

Please review the links carefully and notice how this company progressed methodically...they had several companies that offered to finance a portion of the plant, and yet, it still didn't get the needed funding.

I'm not saying this will happen to CRE, but you need to know that the possibility of failure does exist.

Nohype7



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