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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 sheeplesleeperson Oct 19, 2023 2:10pm
111 Views
Post# 35691335

RE:Lithium Ionic Corp. halted.

RE:Lithium Ionic Corp. halted. Follow up from Lithium Iconic.trading Halt:
Trading @ $1.80 currently.

News:

08:49 AM EDT, 10/19/2023 (MT Newswires) -- Lithium Ionic Corp. (LTH.V) reported Thursday the results of a preliminary economic assessment for the Bandeira project in Brazil.

The study generated a posttax net present value of US$1.6 billion based on an 8% discount rate, with a 121% internal rate of return and a 14-month payback period.

Total capital expenditure was estimated at $233 million with production projected at 217,700 tonnes per year of high-quality spodumene concentrate grading 5.5% lithium oxide equivalent over the 20-year mine life.

The study also included an updated resource estimate. Measured and indicated resources stood at 13.72 million tonnes at 1.40% lithium oxide for 474,892 tonnes of lithium carbonate equivalent.

Inferred resources stood at 15.79 million tonnes grading 1.34% lithium oxide for 523,118 tonnes of lithium carbonate equivalent.

"The robust results of our PEA marks a major de-risking milestone towards our goal of becoming a near-term supplier of high-quality spodumene concentrate to the global lithium and electric vehicle supply chains," CEO Blake Hylands said.

The company plans to complete a definitive feasibility study and an environmental impact assessment expected by the end of 2023.

Trading @ $1.80 currently.

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