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.

TSXV:CRE - Post by User

Critical Elements Lithium Corp

<< Previous

Bullboard Posts

Next >>

(2179)
•••

Post by dalesio_98on Jun 21, 2024 1:36pm

240 Views

Post# 36100353

Conversation with JSL - other CRE forum

Did you serious just indicate speaking with JSL and averaging down.

Good luck to All!

@ulyseesconstantine @crobinso2010 CRE may be more optimistic on price than anyone on this forum and they are understandably holding out for a better price than the current spot price - which make sense for the NPV of Rose in a long-term off-take deal. Eric and JSL are both concerned with dilution which gives me a pinch of comfort. If a poor deal is done (on a spot or a small premium to spot) the NPV goes down - but they might do such a deal to have Rose as a lost-leader to get Rose-West and the other properties developed. That would not be good news for us in the short run. If my read of the conversation I had today with JSL is correct, they are close with an OEMs including Automobile manufacturers (NOT a Mining company that might want a Canadian footprint). All that said, I averaged down again today and picked up another 10K shares but and will leave my holdings at the lofty level I am at, until the stock price surges.

https://ibb.co/z2JXNny