Crossing the T's and dotting the I'sHere a parts of recent forward looking statements that are positive. The last one being:
" ......entering into the required definitive documentation. Updates on this matter will be provided as appropriate. "
February 1th, 2023
“The Corporation is fully funded for these preparatory activities leading to a potential final investment decision for its wholly-owned Rose Lithium-Tantalum project
The Corporation plans to drill approximately 7,000 meters during its winter program on Lemare with the objective of delivering an initial mineral resource estimate later this year.
The LCT pegmatite trend on the Lemare property now has a potential strike length of over 5 km. The winter 2023 drill program will test some of this potential strike extension. Additional drilling is expected following the Lemare program, as part of the total 25,000m program announced in 2022.
May 16th, 2023
Federal Budget:
Critical Elements expresses its satisfaction that the Government of Canada has acknowledged the significance of clean technology manufacturing by introducing a 30% investment tax credit (ITC) in its 2023 Budget, which can be refunded. The Corporation believes that a significant portion of the equipment included in the 2022 Feasibility Study capital expenditures will be qualified for the newly introduced federal tax credit.
Project Financing update:
As noted earlier this year Critical Elements commenced a formal process to receive and analyze multiple expressions of interest in participating in the financing and development of the Rose Project. This process has advanced such that multiple parties have provided comprehensive, non-binding expressions of interest to participate that compare favourably to the initial capital estimate outlined in the Project’s 2022 Feasibility Study.
Critical Elements will continue to progress discussions with the leading parties, subject to negotiating acceptable financing terms and conditions, as well as satisfactory due diligence and entering into the required definitive documentation. Updates on this matter will be provided as appropriate.