Critical Elements Lithium Corp V.CRE

35 Billion in green tax credits

[Rinny1]

Hi, here is something I thought you might find interesting: - https://ca.investing.com/news/commodities-news/canada-offers-c35-billion-green-tax-credits-but-still-trails-generous-us-incentives-2948545

[Rinny1]

https://ca.finance.yahoo.com/news/canada-offers-c-35-billion-161020532.html https://www.thestar.com/amp/politics/federal/2023/03/28/federal-budgets-clean-tax-credits-try-to-ensure-joe-biden-doesnt-outgreen-canada.html https://beta.ctvnews.ca/national/politics/2023/3/28/1_6332709.html  

[Bobbyjohnson]

Thanks for sharing Rinny.  It would be nice to know exactly what effect this tax credit has on our NPV. It must be noticeable.  Bobbyjohnson

[tinker901]

Hey Bobby, The new budget will not affect the NPV, why would it ?? Anyway, as for tax credits, CRE has been cashing in exploration tax credits for years. What is new in the federal budget is the building tax credit. But this credit applies to machinery only of course. So 30% tax credit on a small percentage of our capex. This is not a klondike event.  Out of the 357 million capex, 241

[Bobbyjohnson]

Hey Tinker,  Thanks for this reply. I haven't read the details of the budget as much as you did. I thought the effect would be more significative.  Regards,  Bobbyjohnson 

[Speedypete]

https://www.cbc.ca/news/canada/saskatchewan/first-nations-lay-claim-to-all-critical-mineral-rare-earth-minerals-1.6795871