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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 OptimistePhilon Mar 10, 2023 6:01am
505 Views
Post# 35329865

My theory for the current delay

My theory for the current delay
 Here's my theory for the current delay: the partner and Critical Element want to secure the other 50% of the funding. The USA provides a good portion of the financing, but the processing plant must be in the USA. The Government of Quebec has already mentioned that the processing must be done in Quebec. So I think the current delay is related to the federal government which must have a program as generous as the USA to have the incentive. we are therefore waiting for the federal government to announce its plan. Even if we wanted the mine to produce in 2024, the processing plant would not be ready before 2025, so there is no point in rushing to finalize the agreement with the partner without the rest of the tie. What do you think?
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