RE:RE:NLC to be sold"
Critical Element 2017 Feasibility Study on their Rose Lithium-Tantalum Project Phase 1, for the production of high quality spodumene concentrate, resulted in a post-tax NPV8% of C$726 million and an IRR of 34.9%, CapEx of C$341 million. These are strong numbers but could even be potentially better for a Phase 2 project that produces lithium hydroxide. Investors can therefore look forward to several potential catalysts over the next year or two including GoldSpot’s AI results, provincial Rose Project approval, Phase 2 Engineering Study results (CapEx etc), a probable Phase 2 Feasibility Study to produce hydroxide, any off-take announcements, Stage 1 funding and construction, and ultimately production (ideally by 2023).
Critical Elements still have a few more steps to achieve, however on a market cap of C$269 million there still looks to be plenty of potential upsides ahead should they succeed. The Board and management have great experience and include former Rockwood Lithium CEO Steffen Haber and CFO Marcus Brune, and industry veteran CEO Jean-Sbastien Lavalle. And as a final bonus, Critical Elements Lithium also has 8 other critical elements projects."