Critical Elements Lithium Corp V.CRE

Alternate Symbol(s): CRECF

Metals & Mining Industrial Metals & Minerals

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.

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Critical Elements Lithium Corp

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Comment by PADAP23on Jul 24, 2017 12:34pm

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Post# 26501694

RE:RE:RE:lawyers, lawyers, lawyers

Here is another possible explanation for the delay.

The delay of 60 days for HELM to agree to the 25% financing of the project starts after the BFS publication. This is summer time and vacations time for all of us, including HELM's employees. If the BFS is published now, a significant part of the 60 days would be lost in vacations time for HELM who may need the whole 60 days to carefully review all aspect of the project before financing it. This is the most important decision for HELM, since it involves the big money (75 M$).

HELM could have asked CRE to delay the BFS to get all the 60 days.

This is also only speculation...

JMHO

PADAP23

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