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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 JRVansanton Apr 25, 2024 1:34pm
158 Views
Post# 36007586

RE:RE:Drilling and Wildfires

RE:RE:Drilling and Wildfires

Signing a deal has been the "first priority" since we got the permit.  They were apparently working on financial packages while we were waiting for the permit.  Given that no deal emerged after the permit and we went back to exploratory drilling suggests that the size of the deposit prevented management from getting the deal they wanted.

One thing I liked about the latest rockstock interview is the start where they turned the 14 year history of this mining junior by showing how many companies haven't survived, tying their survival to shrewd management of money.  I trust that the financing package they are looking for builds on the expertise and prevent them from turning into Nemaska.  However, that financing package is probably very demanding and partners probably want bigger returns.

Of course, this is all speculation, it's just odd that they've returned to exploratory drilling when they should've tied up a financing deal 1.5 years ago.

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