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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 tinker901on May 14, 2022 7:45am
243 Views
Post# 34683692

RE:RE:RE:RE:RE:RE:Is this the Buy-In Beginning

RE:RE:RE:RE:RE:RE:Is this the Buy-In BeginningBullatnl.

Yes partly it is optimism, but not like a lottery ticket. 

CRE is certainly not the only outfit missing their "optimist" targets, in fact most of the juniors do that on a regular basis and CRE has to be the one with the least "blue sky promises".

The process is seriously in motion now.

Federal permit was given, Phase II enginnering study given to Metso Outotec and WSP july 2021.

30 MILLION BOUGHT DEAL. So plenty of cash to pay for the studies. There is probably a lot of pressure on Metso and WSP to deliver since they are already 6 weeks late.

It is expected that the results of the chemical plant engineering study will be released in the second quarter of 2022.

Retention of Bumigeme Inc., WSP, and Golder Associates Ltd to prepare front-end engineering design work for the process plant and related infrastructure and the detailed design of the co-disposal facility for the waste rock and filtered tailings at the Rose Project.

"The Updated Feasibility Study will include a review of pricing for spodumene concentrates, and a review of the capital and operating costs. We expect results from the Updated Feasibility Study to be released in the second quarter of 2022."



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