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.

TSXV:CRE - Post by User

Critical Elements Lithium Corp > 10 mins 1.66$

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Comment by david3549twon Oct 21, 2021 12:20am

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Post# 34030962

RE:RE:10 mins 1.66$

Right on. Steffen Haber, the President, has said in an interview back several months ago that the strategic partner (offtake) will inject funds to finance 40~45% of the $340M CAPEX.

JSL also has said that CRE.V will, at the end of the day, have 200M shares, up from the current 180M, after new shares issuance to finance the CAPEX. So he intends to issue another 20M shares, perhaps at a price $2.5~3.0 I guess.

The rest of the CAPEX is presumably gonna be finance by the Quebec public funds.

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