Critical Elements Lithium Corp V.CRE

Who are these new shares for ?

[tinker901]

One could speculate that possibly all this was tailored to accomodate one big player who wanted in before the permit and other major NR's.

Management are saying that the proceeds will "fund the development of the Rose project" and that is a pretty vague statement if you ask me since to fund the project we need 400 millions ...... so now, we only meed 374 million ?

I have to believe that this is the best course of action at this date to advance our project.

GLTA

[Dareg]

hey Tinker... I totally agree... someone needed to be greased. So, now, how do we play it?  Will we see the SP down to $1.75? Will that be a huge buying opportunity?

[monkeyhere171]

Of course it sounds fishy... to me it looks like it was put in a hurry! Why announce it 20 min before closing bell, not wait for after closing? THe PR could have been spinned much better like we will use the proceedings to pre-purchase long lead equipment for the mine to advance construction once permits are granted and complete the study for hydroxide plant to to supply the battery OEM ... This

[icefish]

I agree with you. This is the strangest halt I have seen.  20 minutes left in the day and they halt. Only to resume trading at first available moment. Why do this financing and dilution if permits are imminent?  Surely that announcement would drive the price upwards and make any financing more advantageous to the company and shareholders 

[bigops]

I understand that the bought deal is being taken up by mostly new institutional players that are distributed throughout Canada, US and Europe. This is not being done to grease anyone -- well, maybe we shareholders get some grease since we will all benefit from owning shares in a company that is cashed up and in a much stronger position to move forward and negotiate deals. As for timing and

[Newcomer12]

Always Follow where the Money is.. Faith ! ! ! I understand that the bought deal is being taken up by mostly new institutional players that are distributed throughout Canada, US and Europe. This is not being done to grease anyone -- well, maybe we shareholders get some grease since we will all benefit from owning shares in a company that is cashed up and in a much stronger position to move

[cwDeici]

Agree with everything, it's overly defensive in my opinion, but management likely does not wish to assume the sun will always keep shining with the scary macro going on.  PS. Nuclear kills the least and does the least environmental damage per 1000 TWH, even in terms of areas cut off by paranoid governments voted in by paranoid populations that evacuate zones at below 10% of the minimum

[cwDeici]

PS. I meant pacifist fanatics. At any rate Fukushima has always been safe except for the power plant.  Of course that doesn't mean Quebec wouldn't freak out too, they absolutely would, but I'd worry more about the stock market being historically overbought by a lot. By that perspective this bought deal timing makes some sense. 

[cwDeici]

20M+ isn't meaningful for building the actual mine on our own, this money is most likely primarily for accelerating exploration and extending the cash runway to increase leverage. 

[cwDeici]

not to mention expensive stuff like more pilot mines and pilot hydroxide refinery plants. Lots of derisking ahead