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 peterstockhouseon Jan 25, 2018 8:08am

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Post# 27430069

RE:RE:From Roskill

Here is serious paper that puts things in perspective. Are the SQM's investors oblivious to this huge issue? Should I post it on the SQM page or do they know and think water will be trucked in? That Pepsi and Nestle will supply them with it?

peterstockhouse wrote: I have read in many places that Chile will be hard-pressed to find water for all of these ponds. Am I missing someting? Wine or Lithium or both will suffer. How are they going to beat global warming? https://www.bloomberg.com/news/articles/2015-03-10/wines-to-mines-imperiled-as-chile-fights-california-like-drought There are many such articles for those that seek them. What am I missing?

tinker901 wrote: Roskill view: The extension of SQM’s license and approval of expansion was somewhat inevitable, given what Chile stood to potentially lose, but was clearly catalysed by the recent change in government.

The quota expansion allows SQM to triple output at the Salar de Atacama to 216,000tpy LCE, compared to 60,000tpy LCE, which, along with expected capacity expansions at Albemarle’s operations in the Atacama and Corfo’s plans to develop the Maricunga and Pedernales salars, could make Chile the largest lithium producer once again.

It is possible the Corfo-SQM deal could open up Chile’s lithium sector after years of hindrance and Corfo is already pushing the ability of Chile to dominate the market in future. Roskill expects SQM to increase capacity in Chile alongside its investments in Argentina at Cauchari and Australia at Mt. Holland, with an aim of maintaining a 25% market share.

This would mean maximum capacity being reached around the mid-2020s. After experiencing tight supply of lithium compounds, SQM’s customers will no doubt breathe more easily, with strong demand growth expected over the coming years.

The agreement is less rosy for SQM’s current and potential competitors who will now see a more competitive market.