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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 Jordswordon Jun 15, 2020 9:04pm
185 Views
Post# 31153783

RE:Perhaps.....

RE:Perhaps.....

I am with you Clarifier. Although I am not convinced that this recent action is tied to NMX (could just be our turn to be pumped), I do think that what happens with CRE in the future will be heavily dependent on NMX.  I believe that the overall weakness of this stock is due to the fall of NMX and I also believe that the government needs to fix that problem before a larger pool of investors get interested again. Going a little deeper down the rabbit hole and I believe the government may be delaying our permitting to line up with the release of a larger critical mineral mining plan which would involve NMX, CRE and possibly others.

As for the technical side of things, today our SP touched the upper trend line of our downward trajectory and closed very near it. My opinion is that if we are just getting pumped then the SP will fail to stay above that trend line and fall back down again. If the SP keeps climbing or establishes a new area of support a round the upper trend line then things get a bit more "real". 

Either way I am remain long and underwater like most others here. Good luck everyone!

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