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.

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Critical Elements Lithium Corp > Frontier

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Comment by blowshighon Nov 25, 2021 9:18am

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Post# 34164701

RE:RE:RE:Frontier

Slow down folks,

The FL PP is completely different than what we did.

The FL deal are whats called "Flow Through" shares. They are alway done at a premium, mainly because they have a tax credit attached for expenses that flows from the company to the share holder.

If you participate in the FL deal you can claim a % of your investment as a tax credit equal to your income tax bracket. Then when you sell the shares, the proceeds have a zero cost basis and you are then taxed on the whole investment amount.

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