Critical Elements Lithium Corp V.CRE

Alternate Symbol(s): CRECF

Metals & Mining Industrial Metals & Minerals

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.

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Critical Elements Lithium Corp > Top lithium stock eyes further returns with new discovery

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Comment by Magliteon Oct 17, 2023 12:47pm

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Post# 35687388

RE:RE:RE:RE:RE:Top lithium stock eyes further returns with new discovery

First, I am a shareholder the same as you, using this board to share and learn. I am in no way a so called ''troll''. Second, I suggest you look at the long term stock price chart... Third, This is what was published on 20th Oct 2017:

Critical Elements Files NI-43-101 Technical Report for the Rose Lithium-Tantalum Feasibility Study

MONTREAL, QUEBEC--(Marketwired - Oct. 20, 2017) - Critical Elements Corporation (the "Company" or "Critical Elements") (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) is pleased to announce the filing on SEDAR of a National Instrument ("NI") 43-101 technical report representing the qualifying report for the recently-announced Feasibility Study at the Rose Lithium-Tantalum Project located in James Bay, Qubec. Highlights of the Feasibility Study, previously reported by Critical Elements on September 6, 2017, are as follows:

Average annual production of 186,327 tonnes of chemical grade lithium concentrate
Average annual production of 50,205 tonnes of technical grade lithium concentrate
Average annual production of 429 tonnes of tantalum concentrate
Expected life of mine of 17 years
Average operating costs of $66.56 per tonne milled, $458 (US$344) per tonne of concentrate (all concentrate production combined)
Estimated initial capital cost $341.2 million before working capital
100% equity basis for project
Average gross margin 63.6%
After-tax NPV of $726 million (at 8% discount rate), after-tax IRR of 34.9% and price assumption of US$1,500 per tonne technical grade lithium concentrate, US$750 per tonne chemical grade lithium concentrate, US$130 per kg tantalum pentoxide
Anticipated construction time to start of production of 21 months

A copy of the technical report, which was filed on October 20, 2017, will be available on the Critical Elements' website at https://www.cecorp.ca/en/rose-43-101/.

Qualified Persons for NI 43-101 compliant report

The feasibility study was prepared in accordance to 43-101 standards by WSP, Bumigeme Inc, InnovExplo Inc., and MRB & Associs. InnovExplo Inc. was responsible for the resource estimate and the mine plan, Bumigeme Inc was responsible for the mineral processing, WSP was responsible for the environmental study, the project infrastructure, the market study, the financial modelling, and the report intergration, MRB & Associs was responsible for adjacent properties.

The qualified persons for the study are:

InnoExplo Inc ;