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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

Post by monkeyhere171on Jan 27, 2023 2:31pm
400 Views
Post# 35250727

MD&A Jan 2023

MD&A Jan 2023
So the new MD&A was just posted and as suspected there was a massive warrant dump. Roughly 5M warrants were exercised, specifically after the Permit news. Sure they brought in around $8.5M into company coffers but our stock price suffered.
Another interesting highlight is that they added 250km2 land to their claims, bit can't recall seeing any NR about it. Hmm... transperant management?
Some other info:
- compensations ballooned 3x so they are rewarding themself
- Design is still 50% Front End done (based on paid fees), so Detailed design is months away so is construction. Just a note they were supposed to fund FE with the Nov 21 PP so to be ready now, obviously it's not
- Still have $27M in the coffers
- To date deficit of $47M.. so that's how much they have spent with no revenue
- Some drilling results that we know about
- No mention of financing which is odd
 
Verdict: not happy, particularly since the Front End Design is not done!!! This will delay the construction further IMO
 


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