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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 illusion81on Jul 18, 2024 4:47pm
174 Views
Post# 36139099

RE:My point

RE:My pointWith permits secured and a financial deal in place, there is money to be made here as that would mean that a mine will be built.  Also, further exploration (Rose 2) is continuing to increase the size of the deposit and mine life.  We all know how painfully long the permitting process is, so for the other junior explorers and developers that have secured some form of funding in the last year or two with no permits in place there is still a huge risk that a mine will never happen as they may still be 5+ years out to securing permits, if ever.  I'm sure that those financing deals are contingent on permits etc. so at major risk of falling through.  CRE is in a unique situation where they can put shovels in the ground next month once the financig is secured.  That holds value in itself.  It may not mean that it will be trading at $5+ anytime soon, but $1.50 is in the realm of possibility in the short term.  That's a 3x from today's price.  
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