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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 Wheeleron Aug 12, 2022 7:55am
229 Views
Post# 34890747

RE:RE:RE:RE:RE:RE:RE:Where are the Capex & Opex?

RE:RE:RE:RE:RE:RE:RE:Where are the Capex & Opex?
I too was a bit confused by the lack of dollar signs attached to yesterday's PR.

This is from CRE's May 17 PR:

"Following this successful lithium hydroxide process optimization campaign, Critical Elements will finalize its feasibility study for a lithium hydroxide conversion facility."

This is from their April 6 PR:

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

And this is from June 7's PR:

"Critical Elements looks forward to the results of the integrated Phase II engineering study, economic results of which may be incremental to the economic results of the Phase I feasibility study"

It sounds as though the engineering study and the feasibility study are two separate but obviously related documents, but who knows, CRE does not like to make anything clear and understandable for their shareholders. That's just not the way things are done around here. I do like the fact that the hydroxide plant is not tied to the rose spodumene. They have always maintained that profits from phase 1 would finance phase 2 but that doesn't have to be the case, just like Elon said, it's a license to print money so why not get started on it asap, if our crew knows how to make good hydroxide then go for it I say, we don't need a comex recommendation for that, still need a permit but it might only take 5-6 years to get instead of 12-15. The big question is, however, if the hydroxide plant does not use the rose spodumene, then where will it get its spodumene? There is and will continue to be an spodumene under supply for the foreseeable future. Once again, another CRE PR raises more questions than it answers. 

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