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 > Australian Way to Raise Money & Build a Mine

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Comment by monkeyhere171on Oct 19, 2023 7:17pm

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RE:RE:Australian Way to Raise Money & Build a Mine

And why we wouldn't fret about such a deal after waiting for 1 year? 50% discount to the market price could have been done right after permit, when Lithium was hot, stock close to $3 and construction cost lower at that time.
Now at $1.6 share price ... they will need to issue 300M shares probably to raise half of the capital needed. Debt now is much more expensive compared to a year ago and manufacturers are starting to sing the tune that EV demand is slowing and even Tesla is saying they may slow production
See no reason for the wait in that case.

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