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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 redbull7on Feb 25, 2017 6:41am
385 Views
Post# 25892751

Upcoming financing

Upcoming financingI'm not sure if this has been mentioned before, but if you have a look through the updated presentation (slide 16), you will notice that in the timeline it states "project financing (Q3 2017)".  So that would entail no PP until at least the summer.  

Which makes sense if you think about it.  The feasibility study will be released in two phases.  Phase 1 will be released in Q2 (April 2017 - June 2017).  Phase 2 will be released in Q3 (July 2017 - September 2017).  

After the first (or second) release, HELM should sign the contract (for 25% financing of the project).  So this should happen right before CRE goes to the market for a PP.  At least that's what I believe would make sense.  Also, if you look at the timeline, the project financing starts Q3-2017 and ends Q4-2018.  Which leads me to believe that CRE will not immediately go to the market for a PP but will look at all their options, including bank debt, government incentives, etc.

Now that's not to say that CRE won't do a financing for a few million shares in the near future, for general working capital blah blah blah.  Granted, they have been extremely cautious with PP's and have kept the share float very low (as compared to its peers).  For that, I thank them.  Also, it's been mentioned before that CRE may actually only need anorther 40-50 million shares before they go into production in 2019.  So realistically, our share float should be around 200-210million.  And remember, the production in 2019 should help finance the lithium carbonate production in 2022.

I know some companies (peers) that have well over 300million shares already, and they are yet to start production.  This makes a big difference to the average retail investor, like us.
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