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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 goodtoreadthison Jun 04, 2019 3:38am
110 Views
Post# 29796188

I suspect CRE and PILBF getting the same range of interest

I suspect CRE and PILBF getting the same range of interestCRE is very active trying to pin down an investment deal and PILBF is trying to get a JV in place for 20-49% of it's existing operating mine. PILBF reported today who they are in contact with and I expect that CRE is dealing with somewhat the same cast of potential players. The partnering process will consider a range of potential transactions including the sale of a minority interest of between 20% and 49% in Pilgangoora, offtake arrangements for the Stage 3 expansion and/or the creation of a newly established joint venture to develop a second chemical conversion facility, either locally or internationally. The commencement of the partnering process follows enquiries from a range of lithium industry participants including lithium processers, battery manufacturers, trading companies, mining companies and automakers seeking opportunities for offtake, investment and/or partnering at Pilgangoora. Pilbara Minerals intends to engage with credible parties who show strong interest in partnering at Pilgangoora, and who can meaningfully enhance the value of the project for Pilbara shareholders through additional financing support, technical capability including potential downstream processing expertise and/or marketing support.
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