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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

Comment by redbull7on Mar 26, 2018 11:30pm
109 Views
Post# 27785825

RE:Our outcome may change

RE:Our outcome may changeMy two cents is that they (JSL/JFM) do not want to sell the company. They want to build a mine (Rose).  That’s why they have tried to get knowledgeable/experienced people involved (ie Dr Haber and others).   As such, I believe that even if an offer was presented, they would flat out turn it down.

A question for the board.  Has anyone been involved in a company in the past that has received a take over bid?  If so, what are the options of the retail shareholders like us?  Do we have an option to accept or deny?  Is it majority of shareholders that decide?  If so, how do we know what percentage has to approve the offer, so that it goes through?

I would be interested to know other people’s thoughts as well, but although CRE is a very desirable target, I don’t think they’ll get anything.   They are better off getting an offtake for 50% of the cost of the mine, but at the same time keeping majority of ownership of Rose (ie 60-65%) than possibly accepting a 200M buy out (or whatever the buyout will be).  Remember, only a few months ago we were trading over 200M market cap.   Wouldn’t it be something else it a buyer came out to bid for CRE and they were financed (or backed) by Morgan Stanley?  That would be a nice kick in the...
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