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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 monkeyhere171on Nov 18, 2021 11:47am
123 Views
Post# 34141132

RE:RE:RE:RE:Partner before permit

RE:RE:RE:RE:Partner before permitIsn't that same thing? It's management who decides and Eric did say they want the permits in before making any deals.. refer to August Crux interview around 24min is when the question is asked. No need to speculate that CRE will make a deal before permits as it won't happen. Plus he said they are looking to raise $400M in a 50/50 scenario between debt and equity. So there will be at minimum 100M+ shares issued (dilution). And since these delas are based on VWAP so keeping the price low (not above $2) will give then financing partner more equity for their money if VWAP is let say in $1.6-$1.7! That's was the reason I was irritated by management's timing of the PP and asked the questions however no reply..
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