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Bullboard - Stock Discussion Forum Critical Elements Lithium Corp V.CRE

Alternate Symbol(s):  CRECF

Critical Elements Lithium Corp is a Canada-based mining 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... see more

TSXV:CRE - Post Discussion

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Post by ITSUP2ME on Aug 15, 2022 7:38am

Renard mine

Jean-Sbastien Lavalle, CEO of Critical Elements commented: "We are very pleased to welcome Yves to our team. Yves was central to the success of the construction of Renard, a diamond project of nearly $1 billion of construction capital.

Update:


In September 2019, Stornoway was granted protection under the Companies' Creditors Arrangement Act from the Superior Court of Quebec while the company restructured its business and financial affairs. In October 2019, Stornoway was delisted from the Toronto Stock Exchange after steep financial losses.
Comment by tinker901 on Aug 15, 2022 8:42am
They did run in to some problems due to the size of diamonds that were on the small size related to breakage in the crusher. So since then Osisko gold bought them out and the plant is running fine with profits today. I am not sure if your post is meant to discredit M. Perron, but the guy delivered the goods on time (5 months before forecasted date) and under budget. All this in line with ...more  
Comment by dalesio_98 on Aug 15, 2022 11:31am
Did you forget Investissement Quebec (IQ) implication. -- "So since then Osisko gold bought them out and the plant is running fine with profits today."
Comment by dalesio_98 on Aug 15, 2022 1:45pm
Stornoway - Investissement Quebec (IQ) also implicated in Nemaska Lithium, Sayona (North American Lithium) and Blackrock Metals all of which were privatized to the detriment of shareholders and creditors through CCAA creditor protection filing.
Comment by dalesio_98 on Aug 15, 2022 2:50pm
Looking forward to developments in the Nemaska file later this summer or early autumn.